Rate of residential arrears grows 2.4% after two consecutive quarters of decline Rate of Buy-to-Let arrears growth eases but overall level remains 38% higher than 2023

Report summary: Q3 data from Pepper Advantage’s UK mortgage portfolio shows that the arrears environment for residential mortgages continued to improve – albeit slightly – with a 0.8% drop in the arrears rate relative to Q2 2024. The arrears rate for buy-to-let (BTL), however, continued to rise,...

UK mortgage arrears grew by only 0.1% in Q3 2024 Buy-to-Let (BTL) mortgage arrears rate continued to rise by nearly 10% QoQ

Deal for credit management firm to fuel next phase of growth

The UK economy is navigating through a period of mixed signals, with recent data offering reasons for both optimism and caution. In August, real GDP saw a slight increase of 0.2%, following stagnation in June and July. This growth was largely supported by a 0.1% expansion in the services sector,...

London, 07 October 2024 – Pepper Advantage, a global credit intelligence company, announced it has partnered with Arctic Wolf, a global leader in security operations, to offer enhanced, proactive cyber security protection in all its markets. This focus on cyber security is part of Pepper...

On 1 August 2024, newspapers and policymakers hailed a significant breakthrough as the Bank of England cut interest rates for the first time since the end of 2021. Finally, it appears to be time to climb down from high rates and reduce the strong medicine prescribed by the central bank to treat the...

The challenges of the UK economy continue and while 2024 economic growth initially exceeded expectations, it has recently shown signs of slowing. Monthly real GDP was flat in both June and July 2024, indicating a pause in expansion. Inflation rose by 2.2% in August 2024, unchanged from July....