Latest figures from UK finance show that the mortgage market has softened following period of strong growth. The figures indicate that there were 29,400 new first-time buyer mortgages completed in the month, some 4.5 percent fewer than in the same month a year earlier. The £5.0bn of new lending in the month was the same…
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Rule-breaking bailiffs are causing people increased stress, anxiety and financial hardship, according to new research published today by Citizens Advice and StepChange. The charities are calling for the government to step in and regulate the industry to prevent more people suffering at the hands of debt collectors who flout the rules. New figures reveal that…
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New research by Experian has revealed that there are 5.8 million people in the UK who are virtually invisible to the financial system, because there is insufficient information available about their financial track record. The campaign which is fronted by British food writer, Jack Monroe aims to raise awareness and educate consumers of the importance…
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A national team of debt recovery specialists, described as the industry’s “benchmark”, is once again named in the Top Tier of the prestigious Legal 500 guide. The debt recovery team at law firm Clarke Willmott LLP was awarded Tier One status for debt recovery in the South West as well as Tier Two status for…
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One in five (21%) medium-sized businesses in the UK believe that automation will help them compete with larger rivals, according to research from international payments, treasury management and foreign exchange specialist Centtrip. Seen as both a threat and opportunity, automation – the execution of a task or process without human assistance – is having a…
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Today’s school leavers have higher levels of financial literacy than adults aged 19-39, suggesting that financial education in English secondary schools is having a positive impact. The finding comes from free-for-life credit report and score provider Noddle.co.uk, who tested over 1,000 people in England on their personal finance skills with a mock GSCE financial literacy…
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The Chartered Institute of Credit Management (CICM) has announced that it has partnered with ITN Productions to create flagship news-style programme titled ‘Credit Experts.’ The series will be presented by national newsreader Natasha Kaplinski and will explore the vital role credit management plays in keeping businesses in business, it will showcase best practices facilitating effective…
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High street shops closing at a rate of ’14 per day’ according to a new report released by accountancy specialist PwC and the Local Data Company. The report says high street shops are still facing testing times as new research shows the gap between closures and openings widens to a record level, but closures have stabilised.…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in September was at a similar level to the same month in 2017. In Q3 2018, new business grew by 6% compared with the same quarter in the previous year. New finance for IT…
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New figures released today by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q3 2018 was 36, 5.9% higher than in the same quarter in 2017. The annual rate of second charge mortgage repossessions as a percentage of average outstanding agreements at the end of Q3 2018…
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New figures released by the Finance & Leasing Association (FLA) show that new business volumes in the point of sale (POS) consumer new car finance market fell by 16% in September, compared with the same month in 2017, and the value of new business was 14% lower over the same period. In Q3 2018 overall,…
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New figures released by the Finance & Leasing Association (FLA) show consumer finance new business fell by 1% in September, compared with the same month last year. In Q3 2018, new business grew by 5% compared with the same quarter in 2017. In September, credit card and personal loan new business together grew by 4%…
Read moreAnglia UK is ending the year with a third key senior appointment. The credit management, haulage and dealership auditing firm has appointed Claire Mitchell as its new Head of Operations. Mitchell joins the company with some 30 years’ experience in the vehicle finance industry having previously worked at a senior level for Lombard Asset Finance,…
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