Credit, Collections & Insolvency News
One in five (20%), the equivalent of around 10.4 million people aged 18-802, are not planning for their financial futures because they are ‘too busy’ according to research by Standard Life.. While financial pressures are an obvious barrier to saving for retirement, with over half (52%) of those who worry they are not saving enough…
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European business decision-makers feel they are being treated as second-class customers by financial providers, according to new research by CRIF. The research finds that four in ten European businesses (41%) say a lack of innovation in financial services is stifling their company’s growth potential, rising to more than half in Ireland (52%). Alongside these growth…
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The FCA’s enforcement against ‘finfluencers’ has soared since 2024, as regulators ramp up online crackdown globally. The data, sourced by the online broker experts BrokerChooser, shows that enforcement actions undertaken by the FCA against financial influencers increased by +174% in 2025. This continues a trend seen in 2024, when enforcement actions soared by +2,600% compared…
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The average interest rate for a new five-year fixed mortgage has reached 6%, the highest in three years, according to Moneyfacts latest analysis The data shows that the number of sub-5% fixed mortgage deals has plunged by 99%, from 1,494 since the start of September 2026 to just nine today. This figure excludes deals that…
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Around one in five remortgage borrowers were considering variable and tracker mortgages in September while first-time buyers’ interest in variable rate products collapsed, new Money Facts analysis has found. The data in September, 21% of remortgage borrowers researching mortgages on Moneyfactscompare.co.uk were considering variable or tracker mortgages, compared with 14% in July. Whilst 7% of homemovers…
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Three in five people (62%), equating to more than 34 million adults, will face a major life event or financial challenge which could seriously affect their retirement savings, according to Scottish Widows’ latest Retirement Report, focusing on the impacts of vulnerability. These experiences range from ill health, divorce and bereavement, to lower financial resilience and…
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The latest Bank of England Money & Credit statistics for August find that mortgage borrowing increased to £4.4 billion in August, from £4.1 billion in July, but remained below the previous 6-month average of £5.2 billion. Net mortgage approvals for house purchases – an indicator of future borrowing – decreased to 54,900 in August, down…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance providers advanced £10.3 billion of new credit in July 2026, 1% lower than in the same month in 2025. In the first seven months of 2026, new business in this market was 4% higher than in the same period in 2025.…
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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,…
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Latest Bank of England data shows mortgage approvals fell to 56,100 in July, down from 58,215 in June and below the six-month average of 60,800, as higher borrowing costs weighed on housing demand. The figure was below the average of around 60,800 over the previous six months. Approvals for remortgaging increased to 34,500 from 34,100,…
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New research by Confused.com has found that 66% currently give their child regular pocket money. A further 8% have done so in the past and 19% plan to start in the future. Among parents who currently give or previously gave pocket money and provided an amount, the most common weekly payment is £5 to £9.99…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business in June 2026 was 6% higher than in the same month in 2025. In the first half of 2026, new business in this market was 5% higher than in the same period in 2025. The credit card and personal…
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New research from Close Brothers Motor Finance (CBMF) reveals that AI has transitioned into a mainstream operational tool for motor traders. Nearly two-thirds (65%) of UK motor dealerships are already actively using AI tools in their business today, with a further third (32%) planning to introduce them in the future. Among dealerships utilising or planning…
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