9th September 2026 - Credit Connect

Over six million people don’t know how they’ll pay their rent or mortgage in retirement

9th September 2026 Arrears and Recoveries | #mortgages #retirement

More than six million people who expect to pay housing costs in retirement don’t know how they’ll afford them, according to the latest research from Royal London. The research found that around one in three UK adults (34%), equivalent to 18.7 million people, either expect to pay housing costs in retirement or are already doing so. Four in ten (39%) of the approximately 16…

Taxi driver who bought Turkish flat using fraudulent Covid loans ordered to repay £63k

9th September 2026 Commercial Credit Management |

A taxi driver who ‘cynically exploited’ a Covid loan scheme to buy a flat in Turkey and a pizza oven has been ordered to repay more than £60,000. Murat Dogantekin had a confiscation order of £63,790 made against him at Exeter Crown Court. The order reflects the value of assets identified by Insolvency Service financial…

Consumer spending hits 13-month high

9th September 2026 Consumer Lending | #consumer spending

Consumer spending reached a 13-month high in August, driven by a resurgence in entertainment and travel, according to analysis by Barclays. Card spending grew by 2.1 % year-on-year in August, building on July’s 2.0 % increase, but remaining below the latest CPIH inflation rate of 3.1 %. Both essential and non-essential spending increased 2.1 %,…

Low-deposit mortgages hit highest share in 18 years

9th September 2026 Consumer Lending | #mortgages

Latest Mortgage Lenders and Administrators Statistics for Quarter 2 data from the Bank of England, have shown that low-deposit mortgages hit their highest share in 18 years. The data also showed that the value of outstanding mortgage balances with arrears decreased by 1.9% from the previous quarter to £19.7 billion, the lowest since 2023 Q3,…

Companies House joins Cifas’ national fraud database

9th September 2026 Consumer Lending | #fraud

Fraud prevention service, Cifas, has announced that Companies House is joining the National Fraud Database (NFD) membership. Identity fraud continues to be the most prevalent fraud type recorded to the NFD, accounting for 59% of all cases during the first half of 2026. With criminals increasingly using false or stolen identities, Companies House’s participation in…

Hotelier sentenced for exploiting Covid support scheme nine times

9th September 2026 Commercial Credit Management | #fraud

A London hotelier who blamed the banks for not chasing him over repayments has been sentenced after securing £450,000 in Covid loans at the height of the pandemic. Richard Courtenay’s nine Bounce Back Loan applications in May and June 2020 involved fraudulent declarations about the turnover of five companies and applying for multiple loans when…

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