Credit, Collections & Insolvency News
Latest data from UK Finance has shown that home repossessions rose sharply in Quarter 3 (Q3) 2025, but mortgage arrears fell. The analaysis showed that there were 1,390 homeowner repossessions, up 51% annually, and 900 buy-to-let repossessions, with this up 29%. Despite this, levels remain close to pre-pandemic norms and well below long-term averages, with…
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Unity Trust Bank has announced the appointment of Kiran Samra as its Chief Risk Officer. Samra started her career in finance and chartered accountancy 18 years ago at Deloitte, before moving to the Co-operative Bank, and then joining Unity in 2018 as Financial Controller. Samra has achieved a wealth of industry qualifications during her career,…
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Contracts for Difference (CFD) providers have been warned by the Financial Conduct Authority (FCA) to provide fair value, after its review found some firms had not risen to the Consumer Duty. Introduced in July 2023, the duty set a higher standard for consumer protection in financial services. The FCA says that good practice was in…
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The average length of energy debt repayment plans for electricity usage has now surpassed five years, jumping from three years just 12 months ago. According to data from energy providers, obtained via a Freedom of Information (FOI) to the energy regulator Ofgem submitted by Compare the Market, energy bill payers on debt repayment plans for…
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Nearly half (49%) of UK SME decision makers are positive about the year ahead – rising from 43% this time last year – but ongoing tax and cost burdens continue to impact growth prospects and productivity, according to new research from Simply Asset Finance. Carried out ahead of the Autumn Budget, the research highlights that…
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