The Latest Breaking News from UK Finance

Charity set up by Martin Lewis says up to 1.3m people forced to cut back on food, energy and even medicine

Around 5 million households have seen their mortgage interest rate change since the Bank of England base rate started to rise in late 2021. Over the course of the 2023 alone, the base rate increased from 3.5% to 5.25%, surpassing economists’ expectations and pushing mortgage rates to the highest levels…

Only a quarter of parents said they always researched sellers before they buy on Black Friday

More than a quarter of parents said they have been tricked into a purchase scam, according to a survey.

Men are more likely to have concealed sales purchases and are also more likely to say they suspect their partner of doing so, a survey indicates.

Number of buy to let mortgages in arrears doubles in a year as amateur landlords struggle with interest rate rises

Some 87,930 homeowner mortgages were in arrears in the third quarter of 2023, 7% more than the previous quarter, UK Finance said.

The Payment Systems Regulator said there are inconsistent outcomes for customers who report an APP scam to their bank or building society.

‘Particularly nasty’ romance scams and ID theft among fastest growing categories with total of 1.4m cases recorded, says UK Finance