Credit, Collections & Insolvency News
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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UK Finance has today announced that another eight institutions have become signatories to its refreshed Financial Abuse Code. This expansion means almost 90 per cent of the UK’s mortgage market will now be covered, reinforcing the industry’s commitment to supporting customers experiencing domestic abuse, including economic abuse. The announcement marks a significant milestone, bringing the total number of firms signing the Code to 33, covering 49 brands, supporting the Government’s ambition to halve…
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Latest data from UK Finance has found that buy-to-let (BTL) lending rose by 22.7% in Quarter 3 (Q3) 2025. The research showed that there were 59,467 new buy-to-let (BTL) loans advanced in the UK worth £10.9 billion in the third quarter of 2025. This was up quite significantly compared with the same quarter in the…
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Around two in five self-employed (38%) and freelancers (40%) are actively saving for retirement, according to research from Aviva. Just over a third (34%) of digital nomads, those who use technology to work remotely while travelling and living in various locations, rather than being in a single office, are actively saving into a pension or…
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New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business by value and volume in November 2025 was at a similar level to the same month in 2024. In the eleven months to November 2025, new business volumes grew by 1% compared with the same period in 2024.…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in November 2025 by 3% compared with the same month in 2024. In the eleven months to November 2025, new business in this market was 5% higher than in the same period in 2024. The credit card and…
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New research from the Centre for Responsible Credit has highlighted how concerns around credit scores can prevent people in financial difficulty from seeking help and should be viewed as one aspect of financial health, not the entirety. Statistics from the report show that credit score concerns have stopped hard-up borrowers from seeking help: with industry-promoted…
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New research by Moneyfram has discovered that as many as 79% of people have little to no idea how much money they have saved to pay for their retirement, while almost three in ten (27%) don’t even know who their pension provider is. According to the study, 61% put money into a pension every month,…
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The Financial Conduct Authority (FCA) has published a consultation paper with proposals to transform Retail Banking Business Models data collections into an annual return to enable the regulator to monitor competitive dynamics to identify shifts, spot emerging harms and intervene where needed. Damien Burke, Head of Regulatory Practice at Broadstone, said “The FCA’s consultation aims…
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New research from American Express has found that nearly a third (29%) of adults either plan to, or will consider using, AI assistants and tools when they shop this year, rising to nearly four in ten (37%) for younger consumers aged 18-34. American Express says that for younger consumers, AI is rapidly becoming woven into…
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New research from Aegon has revealed that six in ten people (60%) in the UK feel positive about their finances for 2026, maintaining last year’s results which, in turn, were an improvement on the 2024 results. In total, 11% feel “extremely positive” and 49% “somewhat positive”, compared to 36% who feel negative overall. This year’s…
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New data from Premium Credit has shown that 44% of insurance customers are using credit or are reliant on finance from insurers and premium finance companies. The research showed that nearly six out of ten (57%) consumers use some form of credit to pay for one or more policies they have.. Whilst 44 per cent of…
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