Credit, Collections & Insolvency News
New research by Mojo Mortgages’ data has revealed that extending a mortgage from 25 to 35 years can cost the average first-time buyer an extra £87,180. The data found based on the average mortgage rate and house price, extending your mortgage rate by 1 year can cost an additional £8,472. 2 years can cost an…
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Analysis from Broadstone has found that Credit Union lending has increased by 42% over just the past four years, in evidence of borrowers’ ability and willingness to shop around beyond major high street banks and lenders. The research from the independent financial services consultancy shows that as of the end of 2023 Credit Unions have £2.3…
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38% of older people (65+) living on a low household income (under £15k per year) in England and 29% in Wales are either finding it a constant struggle – or a struggle from time to time – to keep up with their water bills, according to new research by Independent Age. The charity has teamed…
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Business rescue and recovery specialist Begbies Traynor Group has announced that it has expanded its senior team with the appointment of Carl Lever as a Director, working across the firm’s Leeds and Manchester offices. Lever joins the firm from Leonard Curtis where he gained 13 years’ experience and has built a specialism in advising Financial…
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A Sussex director who committed Covid Bounce Back Loan fraud and encouraged an associate to invest in the creation of a footgolf course he never had permission to create, has been sentenced. Lee Walkey was sentenced to eight months in prison, suspended for 12 months, at Lewes Crown Court. Walkey was also ordered to complete…
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