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Finance News

Supreme Court to Hear Appeal on Car Finance Commission Ruling

The Supreme Court has agreed to review a pivotal ruling concerning undisclosed commissions in car finance deals. The outcome could significantly impact the motor finance industry, potentially altering compensation structures and dealer practices.

Lenders Reduce Mortgage Rates Amid Market Volatility

Major lenders have announced cuts to mortgage rates, with NatWest reducing fixed-rate deals by up to 0.39%. Despite these reductions, average fixed mortgage rates have risen due to market volatility, influenced by factors like inflation and global conflicts.

New Van Market Achieves Three-Year High; EVs Need Boost

The new van market recorded its best October performance in three years, driven by demand for small and medium vans. However, electric van uptake remains below targets, indicating a need for enhanced support.

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