Energy bills predicted to hit £5,300 a year next April

23rd August 2022 Consumer Collections | #energy bills

Energy bills could hit £5,300 a year by next April according to predictions by Cornwall Insight. The research has found that households will face an 80% rise in bills going into the winter period when energy use soars. The predictions show a typical household will be paying £3,553 equivalent per year for their energy bills.…

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Consumers searching for ‘interest rates’ rises 400%

23rd August 2022 Consumer Lending | #interest rates

New Google trends have indicated 400% rise in people searching for ‘interest rate’ according to research by Loan Corp. The company says that the rise in the search term comes after the Bank of England put it up in August to 1.75% to stop prices rising so fast and to bring down the rate of…

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Inflation predicted to hit 18%

23rd August 2022 Consumer Lending | #inflation

US bank, Citi, has forecast that CPI will hit 18.6% in January, the highest rate in nearly 50 years. as it expects the energy price cap to rise to £3,717 in October, then to £4,567 in January and £5,816 in April. The banks says higher prices for the essentials will hit those on lower incomes harder – because they…

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Tenants face high rents and low rental stock

23rd August 2022 Consumer Collections |

A new peak in the number of people looking for a home to rent is fuelling a rise in renters choosing to renew their existing tenancies rather than moving according to new research by Propertymark The research found that 73 per cent of agents say they have seen an increase in the number of tenants…

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More than 80% of regulated firms considering electronic verification switch

23rd August 2022 Company News |

More than 80 per cent of regulated firms in the legal, property and finance and banking sectors are considering a switch to electronic verification of their customers new research from SmartSearch has found. The ‘big switch’ to technology comes as firms feel the growing weight of compliance around anti-money laundering (AML) and sanctions regulations –…

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Key and MorganAsh agree later life adviser partnership

23rd August 2022 Alternative Consumer Lending |

Key has agreed to work collaboratively with MorganAsh on a pilot scheme to use its new adviser tool to support later life lending advisers in identifying, assessing and managing client vulnerability. MorganAsh launched its MorganAsh Resilience System (MARS) in April,but had been working with Key since last year to test and refine the interaction with…

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