Consumers showed a greater appetite to borrow in July, according to Bank of England data that reveals household net borrowing reached £3.9bn, as both mortgage and consumer credit borrowing increased
Mortgage arrears and possessions remained low in the second quarter of 2020 as over two million mortgage payment deferrals have been approved, latest UK Finance arrears data shows
Natwest Group suffered a net impairment loss of £2.85bn in the first half of 2020, while it provided 240,000 customers with an initial three-month mortgage repayment holiday, its half-yearly results show
Over the last two weeks, the UK’s banks have all put in place measures designed to ease the impact of the coronavirus crisis. Despite that, communications from ministers and the Financial Conduct Authority (FCA) show their conduct will be under intense examination over the period
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