Credit, Collections & Insolvency News
An accountant who helped himself to £27,000 from the ‘Eat Out to Help Out’ scheme as part of a bigger Covid loans fraud has been jailed for three years and eight months. Zeeshan Ashraf claimed a total of £268,102.07 and tried to claim £52,732.66 that he was not entitled to from support schemes set up…
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New research reveals that there is healthy optimism among brokers about the future of the UK mortgage sector, despite a challenging economic backdrop, including stamp duty rises expected in April and falling rent prices causing worries for buy-to-let buyers. The research, conducted by Nottingham Building Society, gathered the opinions of mortgage brokers across the UK,…
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One in eight customers used Buy Now Pay Later (BNPL) services for the first time in 2024 – an estimated 6.8 million people according to new research from personal finance site Finder. Three in ten (31%) used buy now, pay later (BNPL) services last year. BNPL is particularly popular with younger people with one in…
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New data from independent lender, Time Finance, reveals that SMEs are not utilising their options when it comes to accessing alternative finance, with nearly 60% having never looked beyond their own bank for commercial finance solutions. Urging SMEs to broaden their horizons when it comes to investing in growth, Time Finance’s new survey delves into…
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New research by Hargreaves Lansdown has found that being in poor health means your household is less than half as likely to have enough emergency savings as someone who is well (28% compared to 70%). The data shows that households have less than a tenth of the cash left over at the end of the…
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