All the updated news related to money and credit

All the news related to money and credit updated in real time

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Credit card borrowing grows at fastest annual rate since 2005

Households’ credit card borrowing grew at the fastest annual rate since 2005 in April, according to Bank of England figures – just as a string of price rises started to hit. The annual growth rate for all consumer credit, which includes borrowing on ...

31 May 2022 at 12:09

Life

Renewing your tax credits – here’s what you need to know

Some families receiving tax credits need to take action now, or they may risk getting these valuable benefits stopped. Tax credits renewal packs for 2023-24 are currently being issued to people, up until June 15 – so, what do you need to know? Here,...

05 May 2023 at 08:00

Home-buyer mortgage approvals jump to highest level since month of mini-budget

The number of mortgages approved to home-buyers increased in February to the highest level seen since the month the mini-budget was delivered under former prime minister Liz Truss. Some 60,383 mortgage approvals for house purchase were recorded, ...

02 Apr 2024 at 12:20

Consumer lending jumps to five-year high as squeezed households rely on credit

Consumer lending jumped to a five-year high last month as more UK households relied on loans to pay bills amid higher living costs, according to new data. But in better news for the housing market, mortgage approvals ticked up unexpectedly in ...

31 Jul 2023 at 11:16

Home-buyer mortgage approvals jump to highest level since September 2022

The number of mortgage approvals made to home buyers jumped in March to the highest level since September 2022, according to Bank of England figures. In an indication of property sales to come, mortgage approvals for house purchases rose ...

30 Apr 2024 at 10:52

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