Uk Finance

1-15 of 57 Articles
Clock icon 2 minutes

A "carefully measured" easing of mortgage lending rules could help more first-time buyers onto the property ladder without causing a significant rise in payment arrears, according to industry body UK Finance. The call comes as the Financial Conduct Authority (FCA) undertakes a review of the mortgage

Clock icon 2 minutes

The number of homeowners having their properties repossessed rose in the final quarter of 2024, according to figures from UK Finance. 1,030 homeowner-mortgaged properties were repossessed, a 12% increase on the previous quarter and a 54% increase year-on-year. Buy-to-let repossessions remained stati

Clock icon 5 minutes

UK Finance has reported that £571.7 million was stolen through payment fraud in the first half of 2024, a 1.5% decrease from the same period in 2023. While authorised push payment (APP) fraud losses decreased by 11%, unauthorised fraud losses increased by 5%.

Clock icon 3 minutes

UK Finance has unveiled its housing and mortgage market forecasts for 2024 and 2025, alongside a review of 2023 showing that the UK mortgage market has experienced significant pressures in 2023 due to rising interest rates and increasing household costs.

Clock icon 2 minutes

The UK banking sector has made a substantial £41 billion contribution to the government's tax receipts in the financial year ending March 2023, according to a report by UK Finance and produced by PwC.

Clock icon 2 minutes

An unprecedented number of first-time home buyers have committed to mortgage terms of 35 years or longer due to escalating costs, UK Finance data indicates. In March, 19% of all first-time buyer loans were for periods of 35 years or more, marking the highest proportion since 2005 and more than doubl

1-15 of 57 Articles