Personal loans jump, mortgage lending drops a third

Personal loans jump, mortgage lending drops a third
More than 14,200 mortgage accounts moved into "past due" territory(Image: Getty)
Staff reporters
New mortgage applications have dipped by a third year-on-year, "buy now, pay later" (BNPL) arrears hit a three-year high of 9.3% and demand for personal loans jumped to a 10-month high as households turn to credit to help fund spending.The latest data from credit-reporting firm Centrix paints a picture of a consumer sector under pressure.BNPL enquiries were also down 27% year-on-year to September, with a similar downturn in retail credit demand and less discretionary spending going through the cash register.Centrix managing director K...

More Retail

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Gregor Thompson 01 Jul 2025
Foodstuffs serves up reuse trial with Bonson
Retail

Foodstuffs serves up reuse trial with Bonson

Most shoppers skip reusable bags so will they return deli trays?

Cécile Meier 01 Jul 2025
Cooks Coffee flags ‘material uncertainty’
Retail

Cooks Coffee flags ‘material uncertainty’

Executive chair Keith Jackson says the firm is not concerned. 

Gregor Thompson 30 Jun 2025