UK Finance



UK Finance: Lenders grant 1.9 million mortgage holidays

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.

Published 19 June 2020

Over half of UK payments made by card in 2019

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.

Published 5 June 2020

FCA advises three month extension to mortgage support

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. 

Published 2 June 2020

One in five RBS mortgage customers receiving three month payment holiday

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

Published 26 May 2020

Finance sector provides £5.5bn to SMEs through coronavirus lending scheme

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.

Published 7 May 2020

Finance sector provides over £4bn to SMEs through coronavirus lending scheme

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.

Published 1 May 2020

UK lenders grant 1.6 million payment holidays to mortgage holders

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.

Published 28 April 2020

Finance sector provides £2.8bn to SMEs through coronavirus lending scheme

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.

Published 23 April 2020

Finance sector provides over £1.1bn to SMEs through coronavirus lending scheme

The banking and finance sector has lent over £1.1 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to the latest data from UK Finance.

Published 17 April 2020

1.2m mortgage customers given payment holidays by lenders

Lenders have provided over 1.2 million mortgage payment holidays to households whose finances have been impacted by COVID-19, UK Finance has revealed.

Published 14 April 2020

UK Finance issues advice for self-isolating customers

UK Finance has published comprehensive guidance for self-isolating financial services customers seeking to pay for essential goods.

Published 14 April 2020

BCC: UK businesses struggle to access government loan and grant schemes

Results from the second British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker have revealed that most businesses have not yet successfully accessed the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses.

Published 8 April 2020

Contactless limit in UK increases to £45 from today

From today the spending limit for contactless card payments has increased from £30 to £45 across the country, UK Finance has announced.

Published 1 April 2020

Moves made to lessen impact of coronavirus on Scottish housing market

Efforts are under way to help prevent further disruption to the buying and selling of homes across Scotland after Registers of Scotland (RoS) temporarily closed the application record and the UK Government advised home buyers and renters to delay moving unless the new property is empty.

Published 30 March 2020

Lenders to give three month mortgage offer extension for home movers impacted by COVID-19

To help home movers impacted by coronavirus, mortgage providers will give customers who have exchanged contracts the option to extend their mortgage offer for up to three months to enable them to move at a later date, UK Finance has announced.

Published 27 March 2020