Car finance borrowers to get three-month payment holiday, FCA proposes

Borrowers of £48billion in car finance will be able to freeze their payments for three months if they are struggling to cover their installments due to coronavirus, the Financial Conduct Authority proposed today. The city regulator said those who used Personal Contract Purchase, Hire Purchase or Conditional Sale agreements to purchase a car would be … Read more

Spike in older drivers giving up licences since Prince Philip’s Sandringham crash

There’s been a 20% spike in older drivers giving up their licences since Prince Philip surrendered his own at the age of 97 after Sandringham crash Some 8,014 motorists over the age of 70 gave up their driving licences last year That’s up from 6,612 in 2018, DVLA records showed  – an increase of 21% Retirement … Read more