Credit, Collections & Insolvency News
Latest research from the Finance & Leasing Association for Q2 has shown an improvement in confidence across the finance and leasing industry, despite continued economic uncertainty. While most respondents (61%) still expected UK economic conditions to weaken over the next 12 months, this was down from 81% in Q1 2026. At the same time, the…
Read more
The modern ‘Bank of Mum and Dad’ is expected to contribute around £30,000 (£30,209) towards a child’s biggest life milestones and two-thirds (66%) wish they could contribute even more financial help, according to new Yorkshire Building Society research. Analysis of the study found that parents who help fund key moments throughout their child’s life save…
Read more
Almost one in three first-time buyers were considering variable and tracker mortgages in July as higher fixed rates push homebuyers to rethink how they finance their first home, new Moneyfactscompare.co.uk analysis. In July, 31.3% of first-time buyers (FTBs) researching mortgages on Moneyfactscompare.co.uk were considering variable or tracker mortgages, compared with just 9.5% in February. The…
Read more
Small and medium-sized enterprises (SMEs) are missing out on an estimated £54 billion in revenue due to a lack of confidence in accessing external finance, according to new research from broker-lender Portman Finance Group. The research found that 30% of businesses have missed a growth opportunity because of a lack of external finance, with affected…
Read more