6th January 2023 - Credit Connect

HMRC expected to get tougher on tax bill debt collections

6th January 2023 Arrears and Recoveries | #HMRC debt collection

BDO is warning taxpayers who are in arrears that HMRC is expected to get much tougher when it comes to recovering tax debts in 2023. For the last two years, HMRC has waived late filing and late payment penalties for a month after the 31st January Self Assessment deadline to ease Covid pressures, but the…

Rental demand starts to fall

6th January 2023 Consumer Collections | #rent demand

Research from estate and lettings agent, Barrows and Forrester, has revealed that tenant demand has started to fall across England’s rental market, with demand down by as much as 29% in some parts of the country. The research index monitors rental listings across the nation, taking an average demand score for each English county based…

Remortgaging predicted to dominate intermediary business in 2023

6th January 2023 Consumer Lending | #remortgages

Remortgaging will dominate mortgage intermediary business in 2023, Paragon Bank research has revealed. A survey of over 350 mortgage brokers found that 78% believe that remortgaging will be the strongest driver of business over the next 12 months, followed by buy-to-let remortgaging, cited by 51%. A third of brokers claimed (33%) claimed that interest-only mortgages…

Card spending increased by 10.6% in 2022

6th January 2023 Consumer Lending | #card spending

Consumer card spending grew by 10.6% in 2022, according to data from Barclaycard, with the amount spent on debit and credit cards climbing year-on-year as people returned to shopping in-store, eating and drinking out, and booking holidays. Spending on essential items grew by 6.3% – thanks to a 28.3% rise in fuel outlay that was…

Foundation Home Loans appoint new Regional Account Manager

6th January 2023 Appointments |

Specialist intermediary-only lender, Foundation Home Loans, has announced the appointment of Sarah Hartwell as a Regional Account Manager. Hartwell starts with immediate effect and will be responsible for the South region, working with advisory firms and practices based there offering Foundation’s specialist residential and buy-to-let product solutions. Hartwell has close to 20 years experience working…

Ashman Bank appoints Chief Information Officer and Chief Technology Officer

6th January 2023 Appointments |

New entrant bank, Ashman has announced that it has appointed Ben Hynes as Chief Information Officer (CIO) and Mark Holloway as Chief Technology Officer (CTO), expanding its senior team. In his new role as CIO, Hynes will lead the management of the bank’s IT Infrastructure, systems and operations, and will drive Ashman’s ambitious IT and…

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