Credit, Collections & Insolvency News
UK Finance has released its latest data on the later life mortgage showing that lending increased by 15.1% in Quarter 4 (Q4). The data showed that 41,400 new loans advanced to borrowers over 55 in Q4 2025. £810 million pounds of lending was to leant borrowers aged 65 to 70, up a huge 26.56%. A…
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Lenders could have access to more comprehensive information to support lending decisions, under new proposals by the Financial Conduct Authority (FCA). The FCA is consulting on designating certain credit reference agencies (CRAs). If a lender shares credit information with one designated consumer CRA, it would be required to share it with them all. The changes…
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The latest EY ITEM Club data has forecasted that consumer credit lending growth will remain largely flat at 5.8% in 2026 (from 6.1% in 2025), 5.7% in 2027, and 5.3% in 2028. Even though consumer credit remains expensive, demand is expected to remain steady over the coming years. This is largely due to a combination…
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Evlo has announced a new partnership with rent-reporting platform, CreditLadder. The partnership is the next milestone in Evlo’s industry-focused’ Financial Freedom for Everyone’ campaign, which is calling for reforms that make the credit system fairer and more inclusive for renters. Through this collaboration, Evlo will be able to connect its renter customers, especially those with…
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72% of consumers abandon their baskets after being declined for credit at checkout, despite over half saying they would look for an alternative finance option. The results, from independent research commissioned by Payl8r, with the figures suggesting that single-lender checkout structures may be contributing to avoidable conversion loss. Payl8r says that the research reveals ‘false…
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The Financial Conduct Authority (FCA) has outlined new measures for Buy Now, Pay Later (BNPL) lending, which will aim to simplify information for borrowers whilst ensuring income checks and support for those in financial difficulty. Lenders must now be authorised and comply with the FCA’s Consumer Duty, ensuring clearer information on agreements and affordability checks.…
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Consumer confidence has now been negative for ten consecutive years, with the GfK index falling sharply again in January. Analysts describe a mood of resignation rather than panic, as inflation continues to outpace wage growth and households remain cautious. The prolonged pessimism is dampening entrepreneurial risk-taking and discretionary spending. The Consumer Confidence Index was up…
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Analysis of credit card data for November 2025 by global analytics software leader FICO has found that spending, balances and payments followed seasonal trends in the run-up to Christmas. However, while spending rose as expected during November, it was lower year-on-year, signalling continued pressure on household finances. Average balances resumed an upward trajectory as payment…
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Latest data from the Bank of England data has shown that net mortgage approvals for house purchase fell by 3,100 to 61,000 in December 2025. By contrast, approvals for remortgaging rose by 1,600 to 38,400 in December. Net borrowing of mortgage debt by individuals remained unchanged when compared to November at £4.6 billion in December. The…
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Latest data from the Equity Release Council has found that the equity release market grew 11% in 2025, with total annual lending increasing from £2.3 billion in 2024 to £2.57 billion in 2025. More than a quarter of advisers responding to the Council’s latest survey (26 per cent) say customers are now using equity release…
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Consumer confidence has been in negative territory for the past ten years, according to a survey produced by GfK. The Consumer Confidence Index was up one point to -16 in January. Three measures were up, and two were down, compared to last month’s announcement. The figures showed a slight increase in sentiment amongst consumers. People…
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The gap between what aspiring homeowners can realistically afford and the actual cost of purchasing a home has widened significantly in recent years, according to the latest research by the Home Builders Federation (HBF). As a result, despite strong demand for housing, millions are unable to turn that demand into a purchase, with young people…
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Research by Pepper Money has found that more than 16 million people have now experienced adverse credit, showing that rising living costs and financial pressures are driving a sharp increase in credit struggles across the UK, the highest figure since the study began nine years ago. The data showed that adverse credit is now increasingly common…
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