Evolution Funding has expanded its field sales team with the appointment of four key personnel from former Barclays Partner Finance (BPF). The new arrivals follow hot on the heels of BPF’s national accounts director Keith Bell taking the role of sales director, with previous Sales Director, Chris Coverdale, becoming Group Sales Director. Neil Holland takes…

One in three consumers expects to retire with an average debt of £17,460 this year according to new research by Key. The research has found that the debt will take three-and-a-half years to clear. Initial findings from this work suggest that the ‘Retirement Class of 2020’ faces significant debt challenges with more than one in…

Louisa Sedgwick has been promoted to Managing Director mortgages at Vida Homeloans. Sedgwick has been Director of Sales at Vida since its launch in 2016 and is well known in the mortgage industry, having recently become the first female chair of the Intermediary Mortgage Lenders Association. Sedgwick said: “In just three years Vida has successfully completed…

Credit card debts have fallen for first time since July 2013 according the latest Bank of England Money and Credit Banking statistics. The latest figures show that borrowers repaid £100 million in November, reflecting falling demand for consumer lending. The annual growth rate in unsecured consumer lending dropped to 5.7% from 6.1% in October, as…

More than half of the UK consumers (almost 27 million), will head into 2020 in debt, with almost five million owing over £10,000 in loans and credit, according to a poll conducted by money.co.uk. Money.co.uk polled 2,018 people living in the UK, aged 16-64 years, and found that, not including mortgages, almost two thirds (63%) will…

Research by credit specialist TotallyMoney and MoneyComms has warned that lenders are putting the squeeze on introductory 0% interest cards for balance transfers. Consumers looking to take charge of their debt in the new year may struggle to find a deal that lasts long enough to clear their debt interest-free. The research shows lenders are…

A noticeable levelling off of credit card lending over the second half of 2019 so far bucks a significant long-term trend, suggesting that we may see big changes in the credit market during 2020, according to the December 2019 Money Statistics, produced by The Money Charity. In 2019, after years of considerable, rapid growth, credit…

Here is an overview of The Money Charity’s latest statistics for December 2019: Personal debt in the UK People in the UK owed £1,665 billion at the end of October 2019. The average total debt per household, including mortgages, was £59,840 and per adult was £31,569, around 111.7% of average earnings. Net mortgage lending rose…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business was 2% lower in October 2019 than the same month in 2018, and held steady in the first ten months to October. Within this overall picture, retail store and online credit new business grew in October by 1% compared…

The Bank of England has published its latest lending figures. The figures show that high loan to value (LTV) mortgages advanced in the three months to September accounted for the largest share of overall mortgages in more than a decade. Quarter three statistics from the Bank of England revealed that the share of lending above…

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