UK Finance
Mortgage arrears jump as homeowners and landlords feel pressure from rate hikes
Some 87,930 homeowner mortgages were in arrears in the third quarter of 2023, 7% more than the previous quarter, UK Finance said.
Jump in homeowners and landlords falling into arrears on mortgages
Mortgages in arrears accounted for 0.93% of all homeowner mortgages outstanding and 0.44% of all buy-to-let mortgages in the second quarter of 2023.
New campaign urges struggling mortgage borrowers to ‘reach out’ for help early
The Reach Out campaign has been launched by UK Finance.
‘Fifth of suspected money mule cases involve under-21s’
People under the age of 21 account for 23% of cases with intelligence indicative of money mule behaviour on the Cifas national fraud database.
Mortgage lenders ‘stand ready’ to help borrowers struggling with payments
Lenders urged those who are worried about their payments to get in touch.
Banks will be required to reimburse APP scam victims from next year
Most victims of authorised push payment fraud will be reimbursed within five business days, the Payment Systems Regulator said.
Banks will be required to reimburse APP scam victims from next year
Most victims of authorised push payment fraud will be reimbursed within five business days, the Payment Systems Regulator said.
PERSONAL FINANCE: A fraud expert's tips on avoiding scams
SPOTTING an impersonation scam has become even harder, as criminals have adopted increasingly slick and professional tactics.
More than 5,000 bank and building society branches closed since 2015 says Which?
MORE than 5,000 bank and building society branches have closed in the UK over the past seven years, according to analysis from Which? The consumer group counted 5,162 bank and building society branches which have shut since January 2015, including around 100 in Northern Ireland.
Consumer champions and finance bodies press for action on online fraud
Which?, MoneySavingExpert, the Association of British Insurers (ABI) and UK Finance are among 10 organisations pressing for action on fraud.