Residential mortgage arrears rate drops 0.6% in Q2; first fall since 2022 Buy-to-let arrears increase 10.9%, signalling pressure on landlords New originations recover

Rate of UK arrears growth slowed to 3.9% in Q1 2024 from 5.7% in Q4 2023; lowest quarterly growth rate since Sept 2022 Mini-Budget North East and North West are the only regions in which arrears growth rate increased Failed mortgage payment rate, a leading indicator of borrower stress, falls

Changes in arrears growth and direct debit rejections reflect complex environment for borrowers Q1 data from Pepper Advantage’s UK portfolio shows a slowdown in the growth of mortgages in arrears.1 Overall arrears increased further in the first quarter of 2024, but the decelerating growth rate and...

London and Dublin, 22 July 2024 – Pepper Advantage is pleased to announce Mr Niall Sorohan's appointment as CEO of Pepper Advantage Ireland. Sorohan will take up his appointment on 01 January 2025, bringing with him over 20 years of experience in the financial services industry in Ireland and the...

The UK economy continues to navigate a complex and uncertain period. While GDP saw a modest expansion of 0.4% in May, following flat growth in April, underlying trends reveal a mixed economic outlook. Inflation has eased significantly, returning to the Bank of England's (BoE) 2% target for the...

Dublin, 15 July 2024 – Pepper Advantage Ireland, the Irish entity of Pepper Advantage Group, today announced that Antoinette Dunne has been appointed Independent Non-Executive Director, effective immediately.

With so much talk of how generative AI is set to make an impact across industries, it is easy to understand why some will take these promises with a pinch of salt. The noise surrounding AI and its potential can be deafening, as firms adopt the badge to bolster their marketing efforts, making it...

The UK economy presented a mixed picture, with notable positives providing a cautiously optimistic outlook. UK inflation moved closer to the 2% target in April, decreasing to 2.3% from 3.2% in March, although services inflation remains persistent.