UK Life Insurance Gap: Misconceptions and Undercoverage Persist
The UK’s life insurance market is valued at over £200 billion in annual premiums, covering assets worth £840 billion. Yet despite its size, the sector has seen declining revenues over…
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UK Finance
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Increasing Mortgage Arrears Transition Borrowers Towards Credit Reliance
The UK mortgage landscape faces intense pressure, with arrears on the rise.An 8% increase in homeowner mortgage arrears has been observed year-on-year.Mortgage possessions have surged by 39%, intensifying the financial…
Significant Growth in Buy-to-Let Lending in Q2 2024
The latest UK Finance report reveals a considerable rise in buy-to-let lending during the second quarter of 2024, with both loan numbers and values showing marked increases.The report highlights a…
Buy-to-Let Lending Surges in Q2 2024
UK Finance's recent report highlights a significant surge in buy-to-let lending during Q2 2024, marking a pivotal moment for the market.The period saw 51,459 new buy-to-let loans, amounting to £8.9…
