Credit, Collections & Insolvency News
Latest data from the Equity Release Council’s quarterly market report for Q4 2024 shows that more than 15,000 customers were active in the equity release market for the first time in over a year since Q3 2023, either agreeing on new plans, taking drawdowns from existing plans or agreeing on further advances (extensions) to existing…
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Almost half a million pensioners in the UK still have not paid off their mortgages, according to the latest research from SunLife. The report found that 69% that are homeowners, more than one in five (23%) still have a mortgage, owing £67,478 on average. And while most (86%) of those with outstanding mortgages are still…
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A new report from BioCatch, has revealed that criminals are targeting young people in the UK with nearly two-thirds (65%) of money mules in the UK being younger than 30. The report follows new research from Cifas which found that more than one-fifth (22%) of adults in the UK thought that money muling was legal. The NCA estimates…
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One in five (19%) UK-listed companies issued a profit warning in 2024, the third highest annual proportion in 25 years, behind only the 2020 pandemic (35%) and the impact of the dot-com bubble burst and 9/11 in 2001 (23%). EY-Parthenon’s latest Profit Warnings report found that UK-listed companies issued 274 profit warnings last year – including 71…
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Latest Bank of England’s Money and Credit data has found that net borrowing of mortgage debt by individuals increased by £1 billion to £3.6 billion in December, bouncing back from a decrease in net borrowing of £0.9 billion in November. The annual growth rate for net mortgage lending rose to 1.5%, from 1.3% in November,…
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