Uk Finance

UK banks lent twice as much to small and medium-sized businesses in the first three quarters of 2020 as in the whole of 2019 with gross lending to SMEs reaching £54 billion between January and September. According to UK Finance, over 1.5 million businesses have drawn on government-backed

Mortgage approvals reached a 13-year high in November, according to figures released by the Bank of England.

UK banks are pushing the Treasury to increase the contactless payment limit from £45 to £100. If approved, the move would be one of the UK's first firm examples of parting company with the EU on banking standards.

The Financial Conduct Authority (FCA) has extended its offering of payment deferrals for mortgage and consumer credit customers for the next six months.

The Financial Conduct Authority (FCA) is urging consumers struggling to make repayments due to the impact of coronavirus to speak to their lenders about options available to them. The FCA has put in place a package of support for people in difficulty to ensure help is available after October 31.

The Financial Conduct Authority (FCA) has told banks and lenders to provide further support to homeowners who continue to face financial difficulties due to COVID-19 after the mortgage holiday scheme ends. 

Over 1.23 million UK businesses have secured almost £53 billion of credit through the UK Government's emergency coronavirus lending schemes.

1.9 million mortgage payment deferrals have been offered to customers impacted by the coronavirus pandemic in the three months since the support scheme was launched, according to the latest figures released by UK Finance.

Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51%) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance.

The Financial Conduct Authority (FCA) has confirmed that holiday payments for mortgage customers will be extended until the end of October this year in a bid to combat the financial impacts of the coronavirus crisis.  The FCA has confirmed that customers still experiencing temporary payment dif

One in five Royal Bank of Scotland mortgage customers is receiving a three-month payment holiday.

The banking and finance sector has lent over £5.5 billion to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to the latest data from UK Finance.

The banking and finance sector has lent over £4 billion to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to the latest data from UK Finance.

UK lenders have given over 1.6 million mortgage payment holidays as of Friday 24 April 2020 to support customers facing financial difficulties due to coronavirus, UK Finance has revealed.

The banking and finance sector has lent over £2.8 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to the latest data from UK Finance.