Uk Finance

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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.

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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.

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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

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The Insolvency Service has been granted new powers to tackle unfit directors who dissolve companies to avoid paying their liabilities. The new legislation extends the Insolvency Service’s powers, on behalf of the business secretary Kwasi Kwarteng, to investigate and disqualify company director

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Mortgage lenders have announced a voluntary moratorium on possessions from Monday 13 December until Tuesday 4 January 2022. The industry is committed to providing ongoing support to those in financial difficulty as a result of the pandemic, especially those who may be worried about making their mort

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UK Finance has announced that the national roll-out of the new £100 spending limit for contactless card payments will begin today. Consumers will start to see retailers accepting contactless card payments up to £100, which will give them more flexibility when shopping in store. This will

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