Uk Finance

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

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%.

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.

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.

Mortgage arrears in the UK has risen by 7% in the third quarter of this year, according to new figures published by UK Finance.

The Q1 2023 Household Finance Review released by UK Finance has revealed that the enduring inflation and escalating interest rates have begun to pressurise household spending, savings, and borrowing. Notably, affordability issues for potential house buyers have increased due to a combination of tigh

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

In 2022, older UK homeowners accessed a record £5.2 billion from their housing equity, a rise of 28% from the previous year's £4.1bn, revealed data from the Financial Conduct Authority (FCA).

Criminals stole over £1.2 billion through financial fraud in the UK in 2022, according to the Annual Fraud Report released by UK Finance.

The banking and finance industry prevented a further £583.9m of unauthorised fraud from getting into the hands of criminals. UK Finance has called for all action from all sectors as despite a fall in overall fraud losses, some fraud types have increased in the UK.

UK Finance has called for cross-sector action as its latest fraud report revealed over £1.3 billion was stolen through fraud and scams.

A specialist police unit which targets the organised criminal gangs behind fraud prevented a record £101 million from being stolen in 2021, the highest amount in the unit’s 20-year history. The Dedicated Card and Payment Crime Unit (DCPCU) which is funded by the banking and finance indus

December 2021 card spending data from UK Finance has revealed that the average amount spent per contactless card transaction rose by almost 30% following the contactless spending limit increasing from £45 to £100 in October last year. In September, prior to the contactless limit increase

UK Finance’s Take Five to Stop Fraud campaign is warning UK small and medium-sized enterprises (SMEs) to be alert for scams targeting their companies.

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