17th December 2024 - Credit Connect

Mortgage lending forecasted to rise by 11% in 2025

17th December 2024 Consumer Lending | #mortgage lending

UK Finance has predicted that mortgage lending is set to rise by 11% in 2025 UK Finance says that with rate and cost pressures continuing to ease, the outlook for 2025 is for a gradual improvement in mortgage affordability, feeding into market growth. As interest rates tick down, we expect arrears to continue to fall,…

Average household expected to spend £40 more this Christmas

17th December 2024 Arrears and Recoveries | #christmas

New research by Centre for Economics and Business Research (Cebr) has found that the average household expected to spend £40 more this Christmas, but real expenditure is still falling short of pre-pandemic levels Cebr says that the cost-of-living crisis and the lingering effects of the pandemic have reshaped the financial landscape for UK households. This…

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Mortgage lending forecasted to rise by 11% in 2025

Average household expected to spend £40 more this Christmas

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