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Personal insolvencies increase by 3%

19+ hour, 9+ min ago  (565+ words) Home " News " Personal insolvencies increase by 3% Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvencies increased by 3% when compared to February 2026 and 30% higher than in March 2025, totalling 12, 252 personal insolvencies The insolvencies consisted of 654 bankruptcies,…...

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Business insolvencies rose by 7% in March

18+ hour, 37+ min ago  (1494+ words) Home " News " Business insolvencies rose by 7% in March Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7% in March 2026 when compared to the previous month. and were on similar…...

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Lending defaults hits two year high

1+ week, 3+ day ago  (651+ words) Home " News " Lending defaults hits two year high Latest data from the Bank of England has found that loan defaults have risen to 6. 2% in early 2026, the highest since late 2024 (7. 8 per cent), when the UK had seen several hikes in interest…...

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Rising borrowing costs knock housing buyer demand

1+ week, 3+ day ago  (709+ words) Home " News " Rising borrowing costs knock housing buyer demand House prices also showed renewed signs of softening. The headline price balance fell to -23% in March, down from -14% and -10% in the prior two months, signalling broader downward pressure on values. Expectations…...

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Homeowners looking at "4k mortgage cost hike as a result of Middle East conflict

1+ week, 6+ day ago  (515+ words) Home " News " Homeowners looking at "4k mortgage cost hike as a result of Middle East conflict Mortgage rates have risen significantly since the start of the war in Iran, leaving homeowners facing steep increases in monthly payments " at a time when…...

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Government announces crackdown on costly subscription traps

1+ week, 6+ day ago  (466+ words) Home " News " Government announces crackdown on costly subscription traps The Government has announced a crackdown on unwanted and misleading subscriptions, which will save consumers around "400 million every year. Kate Dearden MP, Minister for Consumer Protection, said "There's nothing more frustrating…...

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Business bankruptcies stabilised in 2025

3+ week, 4+ day ago  (518+ words) Home " News " Business bankruptcies stabilised in 2025 Half of all UK bankruptcies last year occurred across three sectors " business services, eating and drinking places, and construction " highlighting where financial pressures remain most acute. Although hospitality and construction saw modest reductions in…...

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Credit card repayment rates fall

1+ mon, 1+ week ago  (598+ words) Home " News " Credit card repayment rates fall A new analysis of its credit card data for 2025 by global analytics software specialist'FICO has found a fundamental shift in market dynamics from traditional cyclical patterns to clearer'management of affordability challenges. The year…...

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Credit cards repayment rates fall

1+ mon, 1+ week ago  (604+ words) Home " News " Credit cards repayment rates fall A new analysis of its credit card data for 2025 by global analytics software specialist'FICO has found a fundamental shift in market dynamics from traditional cyclical patterns to clearer'management of affordability challenges. The year…...

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Mortgage lending rises to its highest level since 2021

1+ mon, 2+ week ago  (729+ words) Home " News " Mortgage lending rises to its highest level since 2021 Latest UK Finance data has shown that mortgage lending grew strongly in 2025, rising by over 16 per cent to its highest level since 2021. Overall, 2025 was a year of growth for the…...