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Mortgages in arrears fall back in Q1 – UK Finance


By Michael Griffiths

The number of mortgages in arrears fell by 2% in Q1 2025 compared to the final quarter of last year, new UK Finance figures have shown.

A total of 90,140 homeowner mortgages were in arrears of 2.5% or more of the outstanding balance in the first three months of 2025


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Finova and Aldermore renew partnership

Aldermore has extended its partnership with cloud-based mortgage and savings software provider, Finova

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Hinckley & Rugby Building Society partners with SBS to launch mobile app

Hinckley & Rugby Building Society has partnered with software provider SBS to launch a fully integrated mobile app

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LBG appoints Moneyhub as data enrichment partner

Lloyds Banking Group (LBG) has selected Moneyhub to categorise all retail and non-retail transactions across the group’s customer base and brands

AMI announces new board members

The Association of Mortgage Intermediaries (AMI) has announced five appointments to its board following the conclusion of its annual elections

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Average yields generated by BTL investments hit 14-year high

Buy-to-let (BTL) properties are generating the highest average yields since February 2011, research by Paragon Bank has revealed
Two in five brokers expect growth in big ticket loans

Two in five (42%) brokers believe that loans above £100,000 will see the most growth in demand in the next 12 months, according to new research from iwoca

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TAB joins the BDLA

TAB has joined the Bridging & Development Lenders Association (BDLA) as a lender member

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Three in five advisers report family disputes during IHT planning

Over three in five (63%) advisers have reported encountering family disputes while assisting with inheritance tax (IHT) planning, according to new research from Downing

‘Underutilised’ IHT mitigation rule set for sharp increase – Quilter

Less than 2% of estates paying inheritance tax (IHT) have used the gifts out of surplus income gifting rule in the last three years, new analysis from Quilter has shown

IHT receipts reach new year-on-year record in 2024/25

Inheritance tax (IHT) receipts increased by £800m in the 2024/25 financial year, with a record £8.2bn collected between April 2024 and March 2025, HMRC has revealed

17.9 million Brits to be dragged into basic tax rate, Quilter finds

Almost 18 million Brits are set to be dragged into the basic rate of income tax by 2027/28 as a result of frozen tax thresholds, Quilter has revealed

Advisers admit ‘room for improvement’ on Consumer Duty

Advisers believe there is room for improvement on meeting Consumer Duty obligations on the later life lending market, according to new research from Key Later Life Finance

Financial Ombudsman Service records 49% jump in complaints

The second half of 2024 saw a 49% annual increase in the number of complaints to the Financial Ombudsman Service (FOS)

FSCS launches investigation into Campbell & Associates

The Financial Services Compensation Scheme (FSCS) has confirmed that it is accepting claims against Campbell & Associates Independent Financial Advice, after placing restrictions on the firm

Advisers risking regulatory issues on wills

Advisers are risking potential regulatory issues if they do not consider wills and Lasting Power of Attorney (LPAs) when recommending later life lending products, Key Later Life Finance has warned

Consumer spending jumps 4.5% in April – Barclays

Consumer card spending increased by 4.5% year-on-year in April, new figures published by Barclays have shown

Chetwood Bank hits £4bn in customer savings

Chetwood Bank has surpassed £4bn in total customer deposits across its savings products and flows from distribution partners, marking a milestone in its growth

Bank of England cuts interest rates to 4.25%

The Bank of England (BoE) has announced a 0.25% cut to interest rates to bring the central bank’s base rate down to 4.25%

Majority of BTL brokers expect 0.25% BoE cut

Seventy-one per cent of specialist buy-to-let (BTL) brokers expect the Bank of England (BoE) to cut the base rate tomorrow, Landbay has revealed

CommScope Connectivity pension scheme agrees £63m buy-in with Aviva

The trustees of the Andrew Limited Pension and Life Assurance Plan have secured a £63m bulk annuity policy with Aviva, securing the pensions of all 570 scheme members

AQA Pension Scheme agrees £120m buy-in with Rothesay

The AQA Pension Scheme has completed a £120m full scheme buy-in with Rothesay, covering the benefits of all 869 scheme members, including 471 pensioners and dependants as well as 398 deferred members

Cancer Research UK Pension Scheme agrees £280m buy-in with Standard Life

The Cancer Research UK Pension Scheme has agreed a £280m buy-in with Standard Life, covering the benefits of 2,800 members

OSG Ship Management pension scheme completes £16m buy-in with Aviva

The OSG Ship Management (UK) Limited Retirement Benefits Plan has completed a £16m full scheme buy-in with Aviva, covering the defined benefit (DB) liabilities for 53 members from OSG

Evelyn Partners’ AUMA falls to £62bn; net flows remain positive

Evelyn Partners’ assets under management and advice (AUMA) fell by £1.1bn to £61.9bn in the first quarter of 2025, its latest trading update has revealed

FRP Advisory completes One Advisory acquisition

FRP Advisory has announced the acquisition of One Advisory in a deal worth up to £8.1m

MWA Financial acquires Knighthood Financial Advice

MWA Financial has acquired Kent-based independent financial adviser, Knighthood Financial Advice (KFA)

IFAs negative towards crypto investment

Two in three (66%) independent financial advisers (IFAs) are feeling negative about cryptocurrency as an investment opportunity for their clients, new research by Opinium has revealed

Hinckley & Rugby Building Society partners with SBS to launch mobile app

Hinckley & Rugby Building Society has partnered with software provider SBS to launch a fully integrated mobile app

Finova and Aldermore renew partnership

Aldermore has extended its partnership with cloud-based mortgage and savings software provider, Finova

Lendlord launches new range of AI tools

Lendlord has launched a new suite of artificial intelligence tools, named LendlordAI, that is designed to support landlords and property investors

Wealth managers and family offices raise ‘AI washing’ concerns

Wealth managers and family offices are concerned that companies are making false claims about the extent to which they use artificial intelligence (AI) and the positive impact it is having on their operations, research from Robocap has revealed

LBG appoints Moneyhub as data enrichment partner

Lloyds Banking Group (LBG) has selected Moneyhub to categorise all retail and non-retail transactions across the group’s customer base and brands

News in brief - 15 May 2025

Today's round up of developments coming out of the consumer finance space, featuring Movera, Mortgage Broker Tools and Vida Homeloans

TAB joins the BDLA

TAB has joined the Bridging & Development Lenders Association (BDLA) as a lender member

News in brief - 14 May 2025

Today's round up of developments coming out of the consumer finance space, featuring Crystal Specialist Finance, Hanley Economic Building Society and Atom bank

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

BLOG: Introducing eConveyancer+ | Raising the bar on communication

The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

BLOG: What You Need to Know About Portfolio Landlords in 2024

Portfolio landlords – those with four or more properties - are the backbone of the private rented sector. Our latest report, Portfolio Landlord 2024, looked into who these landlords are, how they feel about their property business and their plans for expansion

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