Weekly Round-Up: 24th August 2018

Organised fraud The Association of British Insurers’ (ABI) most comprehensive analysis yet into insurance fraud published this week highlights that every minute an insurance fraud is now detected in the UK. For the first time, the ABI’s annual detected fraud figures include data on application fraud – where details such as age, address, or claims

Weekly Round-Up, 27th July 2018

Switch on Industry figures on mortgage product transfers alternatively known as rate switches have been published for the first time by UK Finance. The numbers reveal that 390,200 homeowners switched product with their existing provider (product transfers) in the first quarter of 2018 which represents £53.7bn of mortgage debt refinanced internally. These figures do

Weekly Round-up: 9th February 2018

Early Warning System The Bank of England’s Monetary Policy Committee (MPC) met this week and voted unanimously to maintain Bank Rate at 0.5%. The Committee highlighted that the global economy is growing at its fastest pace in seven years and becoming increasingly broad-based and investment driven. However household consumption growth is expected to remain relatively

Weekly Round-Up: 19th January 2018

Trending up UK Finance’s mortgage trends updated for November 2017, released this week, revealed steady increases in mortgage lending for first-time buyers and home movers compared to the previous month and the equivalent period in 2016. The data shows housing market activity remains buoyant, despite November’s rise in the base rate. According to the trade