FORS helps van drivers stay safe and efficient ahead of busy delivery season

FORS is encouraging van drivers to ensure safe and efficient driving is front of mind, as the seasonal boom in eCommerce makes roads busier. Black Friday at...

Stonebridge announces new appointments

Stonebridge, the mortgage and insurance network, has announced a number of new appointments to the business during its AR Update Conferences which took place...

Baroness Morgan of Cotes to become strategic adviser to StepChange Debt Charity

StepChange Debt Charity is today delighted to announce that the Rt Hon Baroness Nicky Morgan will take on the role of strategic adviser to the charity’s...

Amigo Holdings PLC: Interim results for the six months ended 30 September 2020

Amigo Holdings PLC (LSE: AMGO)this morning announces its half year results for the six months ended 30 September 2020. Commenting on the results, Gary...

Just Mortgages receives 750 applicants for Broker Academy

Just Mortgages is holding an Academy in January to bring new blood into the mortgage industry. The broker firm has already received over 750 applicants for its...

Comment on Chancellor’s spending review from Chirag Shah

Following the Chancellor’s statement today, Chirag Shah, CEO, Nucleus Commercial Finance said: “We’re pleased to see the Chancellor announcing...

More help for household budgets needed as part of ‘economic emergency’ support

The Money Advice Trust, the charity that runs National Debtline and Business Debtline has responded to the Spending Review, calling for urgent action to...

CPS responds to Government’s Spending Review

Responding to the Chancellor’s Spending Review for 2021-22, Robert Colvile, Director of the CPS, said: “Today’s spending review recognises the...

Paradigm Protect launches Focus guides to individual providers

Paradigm Protect, the directly authorised protection and general insurance (GI) proposition – which is part of Paradigm Mortgage Services – has...

Covid Payment Plans go live as charity urges people who need debt help to explore options

From today, people who have experienced a temporary reduced income due to the pandemic can enter into the new Covid Payment Plan from StepChange Debt Charity....

First signs emerge of a stamp duty holiday fuelled revival in property transactions

The latest research by estate agent comparison site, GetAgent.co.uk, has analysed current market health in the wake of the stamp duty holiday decision and how...

Public sector pay freeze could save up to £23 billion by 2023

Freezing public sector pay for the next three years could save a cumulative £23 billion, according to leading centre-right think tank, the Centre for Policy...

Chartered Banker Institute welcomes new Board members

Today, following a Special General Meeting (SGM) of the Chartered Banker Institute, we are pleased to announce the election of four new Trustees to our Board...

Amigo Holdings PLC – Appointment of Non-Executive Director

Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces Michael Bartholomeusz will join the Board as a Non-Executive...

MCI Club adds Legal & General Home Finance to its Lifetime Mortgage Proposition

The MCI Club has today appointed Legal & General Home Finance to its growing panel, further strengthening its lifetime mortgage proposition to its members....

Connect appoints Umbrella Protect

Connect for Intermediaries has appointed specialist protection advisers, Umbrella Protect, to its panel in a mission to transform the way that protection is...

StepChange responds to FCA’s updated support for mortgage borrowers

The FCA have today confirmed further support for those mortgage borrowers affected by the ongoing Coronavirus pandemic. Commenting on the announcement, Head of...

Stephen Haddrill responds to the Governor’s speech about financial services supporting the recovery

Commenting on the Governor of the Bank of England’s speech today, which noted the need for ‘the financial services industry to support the economy,...

Comment: It’s twist or bust time for traditional banks

“While we are seeing positive news regarding a vaccine, banks cannot afford to sit back and wait for things to return to normal. Now is the time for banks,...

Money and Pensions Service responds to challenging financial wellbeing recommendations

The Money and Pensions Service (MaPS) has today released its response to 13 ambitious financial wellbeing recommendations from influential sector leaders,...

Leek United added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Leek United Building Society to its lender panel. From today, Paradigm member...

Rent fears prompts plea for landlord flexibility

One in seven Scottish businesses fear they won’t be able to make rental payments during the rest of 2020, according to a Federation of Small Businesses (FSB)...

MotoNovo Release Online Reservation Tool to Help Dealers Through Lockdown

MotoNovo Finance has launched a new digital reservation tool that will be free until the end of February, that supports the move to online car sales 24×7...

Long-term household debt crisis inevitable without urgent intervention, warns StepChange

New research from StepChange Debt Charity reveals levels of household borrowing and arrears attributable to coronavirus have soared to £10.3bn since the start...

Unemployment figures emphasise need for greater support among those still in work

After the 4.8% increase in unemployment reported by the ONS today, Rob Marshall, managing director of employee benefits platform, WorkLife, said: “More than...

Young Money launches ambitious ‘Money Heroes’ education programme to connect parents and teachers through Covid-19 and beyond

Young Money has this week launched its ambitious new Money Heroes financial education programme, centred around an innovative and sector-leading online...

“Flexible furlough can be a great tool when used well, but dangerous if it becomes a dependency.”

Mark Neath, Head of Corporate Finance at Old Mill comments on the fact that the Self-Employed Income Support grants for the current and next quarter will now...

Furlough extension ‘vital lifeline’ for struggling firms, but true troubles are far from over

Rob Marshall, managing director of WorkLife, said: “The Chancellor’s announcement will be hugely welcome for smaller firms who’ve been fearing they might...

Future homebuyers could see house prices soar by £120k and deposit requirements jump by £12,000

The latest research by estate agent, Barrows and Forrester, predicts that the average UK homebuyer could see the initial cost of a mortgage deposit increase by...

MCI appoints Buckinghamshire Building Society

The MCI mortgage club continues to expand its range of specialist lenders adding the Buckinghamshire Building Society to its panel. Following growing demand...

Consumer car finance new business volumes up by 7% in September 2020

New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of...

Consumer finance new business fell by 5% in September 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in September 2020 by 5% compared with...

More help for the self-employed, but Universal Credit change must be extended too

The Money Advice Trust has welcomed the Chancellor’s announcement that Self-employment Income Support Scheme grants will be calculated on the basis of 80% of...

StepChange reacts to FCA’s further consumer credit support

The Financial Conduct Authority has today announced further proposals to support consumer credit borrowers impacted by coronavirus. Reacting to the...

Conveyancing firm ONP comments on second lockdown announcement

Commenting on the announcement of a second lockdown, ONP managing director Adam Forshaw, said: “It’s really business as usual for us because the housing...

House sales surge in September

Residential property transactions increased by more than 20 percent in September compared with August sales. However, September’s figures of 98,010...

StepChange releases September client data analysis and comments on new Bank of England data

Today the Bank of England has released its Money and Credit data for September, showing a slump in the demand for credit following two months of increased net...

Hope Capital comments on Bank of England Money and Credit stats

Commenting on the Bank of England Money and Credit figures, Jonathan Sealey CEO of specialist short term lender Hope Capital, said: “The Chancellor has...

“Time is running out” – BoE Money and Credit comment

Following the Bank of England Money and Credit statistics this morning, Richard Pike, Phoebus Software sales and marketing director, says, “Mortgage...

Used Car Buyer Perceptions – Independent Dealers Lead the Way

A survey of over 1500 used car buyers or those considering buying a used car reveals that independent dealers outperform dealer groups when it comes to their...

The Money Stats – October 2020 – Positive Signs Tempered By Lower Financial Resilience

Positive news of higher savings levels and lower credit card balances over recent months is tempered by evidence of wider losses of income and lowering of...

Savers are set to miss out on millions in returns after epic £75.5bn savings haul in lockdown

Savers are set to miss out on millions in returns after an epic £75.5 billion savings haul in lockdown, according to a new report by Atom bank. On average...

Personal leasing demand helps offset market decline

The overall BVRLA lease fleet shrank by 3.6% year-on-year according to the latest Q2-2020 Quarterly Leasing Survey, as a 2.1% growth in the LCV fleet size...

Comment: HSBC could start charging for basic banking services

“Charging for basic banking services must not become the norm for traditional banking. Customers will not accept this and it will just accelerate the...

HomeFact celebrates its first anniversary

To commemorate the first anniversary of its innovative Home Condition Report, HomeFact, research from Countrywide Surveying Services found that almost...

UK house prices predicted to jump by £30,000 over the next four years

The latest research by estate agent comparison site, GetAgent.co.uk, has highlighted which UK regions are predicted to benefit from the greatest level of house...

‘UK rental value shifted from urban to rural areas over summer as tenants drop the commute and seek more space’

Rents increased in many rural areas and fell sharply in some cities over the summer as more UK tenants looked to relocate from town to countryside, according...

Money Advice Trust responds to launch of review into water affordability

The Money Advice Trust has welcomed today’s announcement of an independent review into the current financial support measures in place for water customers....

India Embraces Digital Peer-to-Peer Money Transfers During COVID-19, Fuelling 1M New Users on Paysend

Following coronavirus outbreak, Paysend facilitated more than double the volume and value of payments to Indian bank accounts. The COVID-19 pandemic is...

Paradigm adds LiveMore Capital to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added specialist mortgage lender, LiveMore Capital, to its panel. From today, Paradigm...

Dealer Finance is Helping to Drive Used Car Sales

The bounce-back in used car sales since the initial lock-down measures were lifted has been encouraging for the motor retail sector. Increasingly, customer...

Jaywing expands financial services offering with two new senior hires

Data-powered integrated agency Jaywing, has announced the appointment of two senior team members to its financial and professional services team. With twelve...

Comments: “Fantastic time to be a broker”

“It is a fantastic time to be a mortgage broker. What we’re seeing at Just Mortgages is reflecting the national figures. In fact, we saw record numbers of...

Industry reaction to the latest UK House Price Index

“Explosive levels of buyer activity at the front of the sales process is continuing to yield a consistent increase where sold prices are concerned, albeit at...

Savers becoming less materialistic as result of the pandemic

It’s no secret that the pandemic has forced a nation of savers, but new research shows it has also triggered a profound shift in attitude towards spending....

Efma names Jean-Marc Pailhol, from Allianz Partners, as its new chairman

Efma, the leading non-profit global association for senior decision-makers across the banking and insurance industries, is delighted to announce the...

Opportunity for credit providers as homemovers soar

The number of homemovers in the UK is set to reach its highest level for over a decade reveals the latest Property & Homemovers report from data...

Sammon Mortgages appoints sales director to bolster self-employed advice arm

Sammon Mortgages, the London and Essex-based mortgage broker, has appointed Karen Nicholls as sales director for the self-employed advice arm of the business....

Money Advice Trust responds to Ofgem’s new consumer protections

The Money Advice Trust has welcomed today’s announcement from Ofgem strengthening protections for people struggling with energy bills. The new protections,...

Money Advice Trust responds to ‘Financial Wellbeing and Covid’ report

The Money Advice Trust has welcomed today’s report on ‘Building the UK’s financial wellbeing in the light of Covid-19’. The report from the chairs for...

Money and Pensions Service: response to ‘Building the UK’s Financial Wellbeing in light of Covid-19’ report

“When, at the start of 2020, MaPS invited 145 industry leaders to join the independent Challenge Groups to work towards the National Goals of the UK Strategy...

Independent group of cross-sector leaders publish recommendations for building the UK’s Financial Wellbeing in light of Covid-19

A new independent report, which contains 13 recommendations to address the urgent financial wellbeing implications of the Covid-19 pandemic, has been released...

More than half of mid-life adults have never calculated when they can afford to retire

Over half (53%) of people in their mid-life have never calculated when they can afford to retire1 according to latest research from Aviva as it launches its...

Zephyr Homeloans joins Brilliant Solutions’ Mortgage Club

Zephyr Homeloans, the specialist buy-to-let lender, has joined the panel of Brilliant Solutions’ Mortgage Club. Members of the direct-to-lender mortgage club...

Stonebridge processes over £1bn of mortgage applications again in September

Stonebridge, the mortgage and insurance network, has today revealed a continuation of its recent record monthly lending volumes having processed over £1...

Former Barclays executives to launch UK’s first digital bank for ‘aspiring affluent’ young professionals

A team of financial services experts led by two former Barclays executives today unveiled their plans to launch Pennyworth, a new digital bank to serve the...

Joanna Elson awarded CBE for services to people in financial difficulty

Money Advice Trust chief executive Joanna Elson has been awarded a CBE in the Queen’s Birthday Honours List for services to people in financial difficulty....

Consumer finance new business fell by 11% in August 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in August 2020 by 11% compared with the...

Consumer car finance new business volumes up by 1% in August

New figures released today by the Finance & Leasing Association (FLA) show that new business in the consumer car finance market grew 1% by volume and 8% by...

Foundation Home Loans’ five-year fix with three-year ERCs returns

Foundation Home Loans, the intermediary-only specialist lender, has today announced the return of its buy-to-let five-year fixed rate product which comes with...

Stamp duty holiday has already saved homebuyers £108m as 85% pay no tax on their purchase

The latest research from lettings and estate agent, Benham and Reeves, has revealed the huge number of homebuyers that have already benefited from the current...

Disruption in the equity release market – Latest Knowledge Bank Tracker results reveal

The equity release market showed the most change across all seven categories recorded by Knowledge Bank, with ‘Maximum Loan Amount’ being the only...

Industry reaction to the Halifax House Price Index

Commenting on the Halifax House Price Index, which shows that annual growth has hit highest levels since June 2016, Director of Benham and Reeves, Marc von...

The Right Mortgage step up its equity-release proposition with addition of two new team members

The Right Mortgage has continued to take huge strides with their equity release proposition, The Later Life Lending Network, with the addition of Adrian Foulks...

New Solution Lends Its First Million to UK Customers

Earlier this year, Aryza, one of the UK’s leading suppliers of software solutions into the lending, insolvency, credit and debt recovery sectors partnered...

The future of the branch: How coronavirus has led banks to reassess the value and purpose of local banking services

For years, we’ve heard that branch banking is on the way out. Banks have been focused on the idea that younger generations want to do everything online, and...

Property odds and evens – Homebuyers pay thousands more for their preferred numbers

Property platform OpenBrix has revealed that that the price premiums paid between odd and even house numbers are as high as £527,000 in some parts of the...

Meteoric uplift in homebuyer demand during Q3

The latest Homebuyer Demand Hotspots Index from GetAgent.co.uk has found that the current stamp duty holiday has helped accelerate UK buyer demand in the third...

HomeLet shows London rents continue to fall due to lower demand – reactions

The latest Hometrack Rental Index, shows that: Rents in the UK rose by 2.1% in September compared to the same month a year ago; the average monthly rent now...

Covid-19 impact on credit extension

SOUTH AFRICA – The National Credit Regulator (NCR) released the Consumer Credit Market Report (CCMR) and the Credit Bureau Monitor (CBM). These reports...

Venio expands offering nationwide across the Philippines increasing market reach

Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, has expanded...

Dealers warned not to overlook the crucial FCA SM&CR deadline even if it has been extended by AutoProtect Group

Amongst all the pressures on dealers to get ready for the FCA changes to motor finance; one bright spot is that they now have an extension to comply with the...

Help for first-time buyers in Scotland extended

Scots trying to get their foot on the property ladder north of the border will benefit from the country´s first home fund for another year, following a recent...

Tech-focused challenger business outlines bold launch plan

A technology-driven professional services group is being launched in Scotland with more than £1m of initial backing – and it promises to start by disrupting...

Money and Pensions Service comment on FCA support measures for credit and overdraft customers

Valentine Mulholland, Senior Policy and Propositions Manager at the Money and Pensions Service said: “The measures confirmed today will be helpful for people...

TransUnion and Leeds United Team Up to Teach Teens About Finance

TransUnion, one of the UK’s leading credit reference agencies, has teamed up with Premier League football club Leeds United to take its education programme...

Hungarian twin town locations fetch the highest house prices in Britain

The latest research by estate agent comparison site, GetAgent.co.uk, has revealed what your town’s foreign twin says about the quality of your domestic...

The Money Stats – September 2020 – Pandemic Highlights Flaws of The ‘Old Normal’

The Money Charity’s popular monthly report on the UK’s finances, The Money Statistics, returns this month, painting a picture of a UK which has not only...

Property market boom sees estate agents earn nearly £1bn in commission so far this year

Estate agents have pulled in nearly £1bn in sales commission since the start of the year, according to homebuying platform, Yes Homebuyers. Yes Homebuyers...

Global FinTech sets education agenda to make digital money part of the school curriculum and relieve economic stress

Research from UK FinTech Paysend, a financial services business with a focus on financial education, highlights the need for the education system to...

Debt charity responds to Bank of England borrowing figures

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has today responded to the Bank of England’s August Money and Credit...

StepChange comments on August’s Bank of England data

Today the Bank of England has released its latest Money and Credit release for August, showing that net consumer borrowing increased for the second month in a...

Comment on Bank of England Money and Credit figures

Commenting on the Bank of England Money and Credit figures, Jonathan Sealey CEO of specialist short term lender Hope Capital, said: “We’ve seen similar...

Rental demand continues to rise across the UK’s major cities

The latest Rental Demand Index for Q3 from lettings management platform, Howsy, has revealed that demand for rental homes across the UK’s major cities has...

The Right Mortgage strengthens support team with multiple new hires

The Right Mortgage has announced today that, despite the many obstacles 2020 has shown so far, their network is still expanding which has resulted in a number...

Jon Tweed joins Air Group as consultant

Air Group, the collective of companies covering a range of retirement and later life services has today hired respected industry stalwart, Jon Tweed, as a...

Job support scheme welcome relief for struggling small businesses, but let’s not forget the workers

Robert Marshall, managing director of WorkLife commented: “While any measure to keep people in work is a good thing, we cannot forget about those workers who...

Wage subsidies welcome but ‘equally bold’ action needed on household costs

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s announcement of the new Job Support...

Stonebridge launches new Performance Dashboards on Revolution system

Stonebridge, the mortgage and insurance network, has today launched newly-designed Performance Dashboards on its wholly-owned trading platform, Revolution,...

OMS extends support and development teams

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has extended its support and development teams with...

Just Mortgages self-employed division hits the 300-broker mark

The Just Mortgages self-employed division has continued its rapid growth and has now passed the 300-broker mark. The self-employed division offers a solution...

In the lap of the gods or masters of our own destiny? – Comment on the HMRC property transaction figures for August

Following the HMRC property transaction figures today, Richard Pike, Phoebus Software sales and marketing director, says “The health of the housing market...

Ninety-three percent struggle to afford essentials after Government collections

Today’s deadline for responses to the Cabinet Office on Government debt collection practices sees StepChange Debt Charity submitting a detailed critique,...

Four in ten Brits counting the cost of COVID-19

Research from Indesser, a joint debt management venture between the Cabinet Office and TDX Group, shows 39% of people’s finances have been negatively...

heycar Expands Partnership Drive With Regit

Online car marketplace heycar is continuing to expand its reach, through a new partnership with Regit. It marks the latest step in their ongoing commitment to...

O’Neill Patient recruits sales director in bid to become the number one conveyancer

Jessica Szczelkun, has just joined, O’Neill Patient Group (ONP) as its first sales director. Jessica joins from SortRefer where she was sales and...

Foundation Home Loans announce buy-to-let rate reductions across all product tiers and property types

Foundation Home Loans, the intermediary-only specialist lender, has today announced a wide range of buy-to-let rate reductions across all product tiers and...

FCA’s consumer credit proposals welcome – but credit rating protections needed beyond October

The Money Advice Trust, the charity that runs National Debtline has welcomed the FCA’s proposed further guidance on consumer credit and overdraft customers...

StepChange reacts to FCA’s further Consumer Credit & Overdraft guidance

The Financial Conduct Authority (FCA) has today (16 September 2020) announced additional guidance for firms on how to support users of consumer credit and...

Millions of homeowners still missing out on mortgage savings of up to £5,000

Almost half of homeowners are on their provider’s Standard Variable Rate (SVR) and could make savings of up to £5,000 by switching to a new fixed rate deal,...

SimplyBiz Mortgages welcomes Zephyr Homeloans to lender panel

SimplyBiz Mortgages has announced the addition of dedicated BTL lender Zephyr Homeloans (Zephyr) to its panel, with immediate effect. Zephyr, which lends to...

The Opportunity of Embracing FCA Mandated Pricing Changes

The FCA Policy Statement means that the industry must prepare for significant change to finance commission models. Already, MotoNovo Finance has demonstrated...

FLA comment on the FCA’s latest mortgage guidance

Commenting on the FCA’s guidance published today which confirms that mortgage lenders will be able to prioritise support for those customers who most need...

StepChange Responds to FCA Mortgage Advice update

StepChange Debt Charity has today responded to today’s announcement by the Financial Conduct Authority of the next stage of support for mortgage borrowers...

StepChange comments on Which? report showing how the debt advice scammers are still at it

Today’s Which? report showing the widespread nature of online financial scams draws attention to the problem that StepChange Debt Charity has previously...

UK Fintechs Ebury and MarketFinance partner to speed up CBILS access ahead of September deadline

As the Government’s CBILS initiative draws to a close this month, two British fintechs Ebury and MarketFinance, have joined forces to ensure SMEs across the...

Paradigm launch annual testing facility as part of CPD Academy

Paradigm has today launched a new annual testing function as part of its CPD Academy. The CPD Academy provides Paradigm members with a range of educational,...

Zephyr Homeloans joins IMLA

Zephyr Homeloans, part of Computershare Loan Services, has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), bringing the...

LiveMore Capital works with Experian to broaden mortgage options for over 55s

Later-life lender LiveMore Capital will use Experian’s data services to understand and onboard new customers as it expands its presence in the over 55s...

Consumer finance new business fell by 9% in July 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in July 2020 by 9% compared with the...

Mark Stokes joins United Trust Bank as Chief Commercial Officer

Mark Stokes, formerly Managing Director – Commercial Banking at Metro Bank, has joined United Trust Bank in the newly created role of Chief Commercial...

Home ownership aspirations further out of reach

Home ownership aspirations for first-time buyers has fallen out of reach, according to new research. The average deposit for those buying their first home has...

The Moving Hub lands award for Best Technology Based Conveyancing Firm

The Moving Hub, the leading conveyancing platform and case management system, has claimed the title of Best Technology Based Conveyancing Firm – UK in the...

Phoebus Software and Yabber Global sign exclusive strategic partnership agreement

Phoebus Software Limited (PSL), the market-leading lending and deposits servicing software specialist, has entered into an exclusive agreement with Yabber, the...

The clock is ticking in this seller’s market – comment on the UK Finance Q2 household finance data

Following the UK Finance figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “Looking back we can now see the full impact...

Jeff Knight set to leave Foundation Home Loans after nearly four years

Foundation Home Loans, the intermediary-only specialist lender, has today announced that its Director of Marketing, Jeff Knight, will be leaving the business...

Foundation Home Loans enhances its Residential Range including rate cuts

Foundation Home Loans, the intermediary-only specialist lender, has today introduced enhancements across its residential product range, designed for...

Additional £38m for debt advice funding in England goes into action

The first tranche of an additional £37.8 million to fund extra debt advice and other money support for people affected by Covid-19 has been allocated by the...

Fair Finance automates using ADP

The latest automated decisioning technology from LendingMetrics has gone live at Fair Finance. The lender, which specialises in providing loans to those...

StepChange publishes new July debt analysis and comments on Bank of England data

Today’s Money and Credit data from the Bank of England shows an increase in mortgage borrowing, while household borrowing increased £1.2 billion in July...

Amigo Holdings PLC – First Quarter Financial Results for the year ended 31 March 2021

Amigo Holdings PLC, (Amigo), the leading provider of guarantor loans in the UK, announces results for the three month period ended 30 June 2020. Headlines...

FCA’s proposals “may not be enough” to prevent serious mortgage difficulty beyond October

The Money Advice Trust, the charity that runs National Debtline, has welcomed the FCA’s clear recognition in today’s proposed guidance for mortgage lenders...

StepChange comments on the Financial Conduct Authority’s new guidance for mortgage lenders

The Financial Conduct Authority (FCA) has today set out draft guidance to ensure that firms provide support to mortgage borrowers affected by Covid-19. This...

Stonebridge sees record £1bn of mortgage applications in July

Stonebridge, the mortgage and insurance network, has today announced it processed well over £1 billion worth of mortgage applications during July. The network...

heycar Celebrates Its One Year Anniversary with £40M Monthly Sales

Online car marketplace heycar marks its first birthday by revealing that in the space of just 12 months it is now driving £40million-worth of sales a month to...

It will be an interesting three months following a summer post lockdown – Comment

Following the property transactions release from HMRC, Richard Pike, Phoebus Software sales and marketing director, says “The latest figures from HMRC show...

UK private sector recovery ahead of global trend

UK businesses outperformed their international counterparts on a series of metrics tracking recovery from Covid-19 during July, according to Lloyds Bank. The...

Cardtronics takes over management of Triodos Bank’s ATM network

Cardtronics, the world’s largest ATM owner/operator today announced it has taken over the management of Triodos Bank’s ATM network to provide the bank with...

1,000 Dealers Switch to MotoRate in the First 50 Days

The FCA’s Policy Statement and its reference to finance firms introducing risk-based pricing as a commission model that fits within the requirements,...

Second lockdown more likely than Brexit to affect the market

More than twice as many principals, advisers and administrators worry about the impact of a second coronavirus lockdown than about Brexit, according to a new...

Viva Wallet brings Apple Pay to Customers

Viva Wallet, a global, fully cloud-based digital payments factory, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps...

Air Mortgage Club and LiveMore announce successful launch

Air Mortgage Club – the distributor for equity release and later life advisers – has today announced the addition of specialist mortgage lender,...

Foundation Home Loans enhances five-year fixes for limited companies and individual landlord borrowers

Foundation Home Loans, the intermediary-only specialist lender, has today announced rate enhancements for three of its five-year buy-to-let products, available...

New research reveals remote working has changed the millennial forever

Lockdown has changed the way millennials work, as new research from Trinity Business School reveals how the pandemic has created a new state of working that...

How heycar is driving £40million monthly car sales in its first year

Online car marketplace heycar marks its first birthday by revealing that in the space of just 12 months it is now driving £40million-worth of sales a month to...

Personal insolvency rate to soar in Q4 2020 – comments

David Heathcote, personal insolvency expert at TDX Group, an Equifax company, comments on the latest UK personal insolvency market trends, predicting a steep...

Consumer finance new business fell by 17% in June 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in June 2020 by 17% compared with the...

StepChange responds to FCA’s Repeat Borrowing Findings

The FCA have today released their long awaited findings from their review into relending by firms offering high-cost credit. Commenting on the findings, Adam...

CPS strongly welcomes new White Paper on planning

The Centre for Policy Studies today welcomed the publication of the Government’s White Paper, ‘Planning for the Future’. The think tank praised the focus...

Covid-19 leads to spike in searches for ‘Holiday Lets’

Broker criteria searches in July provided strong indicators that the housing market is still being affected by the lockdown of the last three months, although...

English Heritage Chooses Noble Systems to Enhance Customer Experience with Inbound and WFM Solutions

Noble Systems, a global leader in omnichannel contact center technology solutions, is pleased to announce our recent partnership with English Heritage, a...

‘Bangernomics’ The Post Lock-Down Shift to Older Used Cars

The number of people looking for used car finance has increased by 35% The clear trend is towards a lower monthly repayment with almost half of used car buyers...

NatWest Group and Paylink develop affordability tool for payment holiday conclusion

NatWest Group have been working with open banking and affordability software specialists, Paylink Solutions, on developing their digital I&E tool to...

Oplo. The relaunch of 1st Stop Group.

We are delighted to announce that we are relaunching our specialist consumer lending business as Oplo. Since 2009 we have been providing loans to customers...

Chartwell Mortgage Services becomes latest advisory firm to sign-up for Credit Assess

FinTech company, Click2Check, has today announced Chartwell Mortgage Services as the latest advisory firm to sign-up for its Credit Assess product – the...

StepChange comments on the Financial Conduct Authority’s new vulnerability guidance

The Financial Conduct Authority (FCA) has today set out draft vulnerability guidance to be given to firms. This guidance aims to ensure the fair treatment of...

Comment: FCA’s new guidance on vulnerable customers

Following this morning’s guidance from the FCA to help firms do more to protect vulnerable consumers, Matthew Drage, Director of Consumer Finance at...

Consumer eligibility for credit showing signs of improvement

Brits have a wider choice of credit cards and loans, because more lenders are returning to the market as the COVID-19 lockdown restrictions ease. Around half...

StepChange publishes new June debt analysis and comments on Bank of England data

Today’s Money and Credit data from the Bank of England shows an increase in mortgage borrowing, but a significant net decline in consumer credit. Commenting...

FCA ‘right to challenge firms’ to improve on vulnerability

The Financial Conduct Authority has today launched a second consultation on its revised guidance for firms on the fair treatment of customers in vulnerable...

FCA announce to ban motor finance discretionary commission models – comment

Following the FCA announcement this morning to ban motor discretionary commission models, John Perez, Partner at DWF, said: “The concern for the industry...

FLA comment on the FCA’s announcement to ban discretionary commissions in the motor finance market from January 2021

Commenting on the FCA’s announcement that it will introduce a ban on discretionary commission models on 28 January 2021, Adrian Dally, Head of Motor Finance...

Foundation Home Loans completes fifth securitisation

Foundation Home Loans, the intermediary-only specialist lender, has announced the completion of its latest securitisation, Twin Bridges 2020-1 PLC, the fifth...

Foundation Home Loans meets increased demand for shorter-term buy-to-let rates with reduced pricing and new product

Foundation Home Loans, the intermediary-only specialist lender, has today responded to an increase in demand for shorter-term buy-to-let mortgage products by...

FLA comment on launch of the Comprehensive Spending Review

Commenting on the launch of the Government’s Comprehensive Spending Review, which sets out longer-term growth plans for the UK – including commitments to...

Europcar Mobility Group UK announces new Partnership with the Leasing Broker Federation

Europcar Mobility Group UK are pleased to announce a new strategic partnership with the Leasing Broker Federation. Made up of over 170 broker members, the...

StepChange and Generation Rent urge Government to protect renters from eviction

National debt charity StepChange and housing campaign group Generation Rent have joined forces to urge Robert Jenrick MP to ensure that no-one who has lost...

Zephyr Homeloans joins Openwork’s mortgage panel

Zephyr Homeloans, the specialist buy-to-let (BTL) lender, has joined the mortgage panel at Openwork, one of the UK’s largest and longest established...

Success at Landwood Continues with Leading Health Care Provider

Landwood Group’s Commercial Asset Management division is expanding its headcount as it celebrates adding a leading health care provider to its books. The...

PropertyPal Mortgages speeds up processing times with eKeeper

PropertyPal Mortgages, the mortgage arm of Northern Ireland’s leading property portal, has teamed up with eKeeper to launch its own mortgage pre-approval...

Amigo Holdings Plc: FY20 Results and Appointment of Chairman

Amigo Holdings PLC, (Amigo or the Company), the leading provider of guarantor loans in the UK, announces results for the year ended 31 March 2020. Financial...

Debt charity welcomes May launch for Breathing Space scheme

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the government’s confirmation that the new statutory...

Breathing Space regulations herald welcome relief ahead to help people resolve debt problems, says StepChange

StepChange Debt Charity warmly welcomes the publication of the draft regulations to implement a Breathing Space scheme that will give people in debt a better...

Comment: FCA support for consumer credit and our concerns

Following the news that the FCA has confirmed additional support for motor finance and high-cost credit customers who continue to face payment difficulties as...

FLA comment on FCA’s confirmation of further support for motor finance customers

Commenting on the FCA’s statement today which confirms further support for motor finance customers, Adrian Dally, Head of Motor Finance at the FLA said:...

Comment on FCA’s confirmed support measures for motor finance and credit customers

Following confirmation from the FCA today on additional support measures for motor finance and high cost credit customers, Nick Hill, money expert at the Money...

Financial services staff most likely to play by the rules – unlike government workers

Staff in the banking and financial services (FS) industry are three times more likely to follow processes “rigorously” than government workers, according...

Nivo launches innovative Broker <> Lender Messenger service to meet the first challenge from its new Second Charge Lenders Technology Steering Committee

Nivo has launched a new B2B digital messenger service as a direct result of feedback from its recently formed Second Charge Lenders Technology Steering...

Over two thirds of consumers would swap bank or insurance provider over incorrect information online

With many bank branches closed or facing restricted operating hours due to the coronavirus pandemic, Yext, Inc. (NYSE: YEXT), the Search Experience Cloud...

Retention bonus scheme will help employers, but with over 9m furloughed we mustn’t forget the workers

Steve Bee, Director at WorkLife by OpenMoney, which provides free financial advice to workers at SMEs, commented: “With the number of employers who’ve...

June mortgage activity back to normal levels as remortgages continue to dominate

New data from the MCI Club show that pre-mortgage activity in June has returned to the same levels as 2019. The data show diary appointments leaping more than...

Conveyancing Association urges Welsh Government to match England/NI stamp duty holiday and open up housing market

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today urged the Welsh Government to open up the housing market at...

Stonebridge investment continues as further updates to Revolution system are released

Stonebridge, the mortgage and insurance network, has today announced it has completed a further selection of updates and developments to its wholly-owned...

MotoRate – 21st Century Dealer Finance

“Digitisation and regulation were already directing change in dealer finance; COVID-19 has moved the dial from ‘high priority’ change to ‘crucial’,...

Plan for jobs must be matched by a plan for tackling household debt

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s summer statement, with measures to...

New Efma review highlights how banks and insurers are adapting to an uncertain landscape

Efma has released the latest edition of its annual review series that looks at how major retail banks and insurers are crafting their digital strategies of the...

FLA comment on the Chancellor’s Economic Update

Commenting on the Chancellor’s Economic Update, Stephen Haddrill, Director General of the Finance & Leasing Association said: “While we support the...

CPS responds to Chancellor’s statement

The Centre for Policy Studies responds to the Chancellor of the Exchequer’s summer economic update, and his Plan for Jobs. On the temporary cut to Stamp...

Stamp Duty: comment

Gary Bailey, managing director, Hope Capital, said: ““A nine-month increase in the Stamp Duty threshold is a welcome move which should kick-start the...

New ‘MotoRate’ Product Set to Help Redefine Dealer Finance

Innovation in used car dealer finance can be fundamental to the ‘new normal’ environment for car buying and retailing that is emerging as the UK comes out...

FCA extends relief measures, but high cost short term credit customers remain less protected

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Financial Conduct Authority’s proposed extension of...

Consumer finance new business falls by 56% in May 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in May 2020 by 56% compared with the...

Consumer car finance market falls by 78% in May 2020

New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market fell in May 2020 by...

FLA comment on the FCA’s draft guidance for motor finance lenders

Commenting on the FCA’s draft guidance for motor finance lenders, Adrian Dally, Head of Motor Finance at the FLA said: “The breadth of today’s guidance...

Prime Minister’s planning reforms to spur mortgage boom through greater housing affordability in urban areas, says GlobalData

Following Prime Minister Boris Johnson’s radical changes to the planning system as part of his plans to guide the UK out of the COVID-19 pandemic. Katherine...

Love Energy Savings’ New Smart Platform Drives Record Conversions

The nation’s favourite energy retailer Love Energy Savings is celebrating a record surge in customer conversions following the launch of their latest...

Report from leading digital money platform shows 270 million women worldwide are excluded from day to day banking

Global FinTech company Paysend today released a white paper focusing on the empowerment of women in low-income countries through international money transfers....

MotoNovo Announce CBILS Support

MotoNovo Finance has announced that it is now able to provide additional support to the dealer community as accredited ‘Introducer’ for the Aldermore...

The Progressive Building Society joins Knowledge Bank

The Progressive Building Society has added its criteria to the Knowledge Bank platform. Knowledge Bank is a multi-award winning mortgage criteria search...

Euler Hermes supports Save the Children to safeguard more funds for children

Euler Hermes, the world’s leading trade credit insurer, is to help Save the Children protect vital funds for international aid. For a premium costing less...

MCI Club rebrand puts technology at the forefront

MCI Club has today rebranded and relaunched, with a new logo and a revamped website, putting technology at the forefront of everything it does. The Club’s...

Conveyancing Association urges Welsh Government to go ‘further’ and ‘faster’ in opening up housing market

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today urged the Welsh Government to go ‘further’ and...

Castle Trust rebrands as Castle Trust Bank

Following the receipt of a full banking licence and the successful conversion of all of its existing investments into savings accounts, Castle Trust is pleased...

SDL Surveying reveals positive results for May

National residential surveying and valuations firm, SDL Surveying, has today revealed a positive set of results for May for both physical and desktop...

The FCA, the Treasury and the Bank of England must ensure their approach to forbearance and support for lenders are developed together

The FCA, the Treasury and the Bank of England must ensure their approach to forbearance and support for lenders are developed together. Commenting on the...

FCA ‘right to give more time’ to consumer credit customers impacted by Covid-19

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed proposals from the Financial Conduct Authority that will...

Paradigm Mortgage Services announces annual results

Paradigm Mortgage Services, the mortgage services proposition, has today (17th June 2020) announced its annual results for the 2019-20 year with strong growth...

MCI Club enhances onboarding with Knowledge Bank integration

MCI Club has integrated its digital broker platform Burrow into Knowledge Bank’s API to provide brokers with up-to-date criteria information when qualifying...

MAPS publishes corporate plan detailing key priorities and COVID-19 support

The Money and Pensions Service (MaPS) has today published its Corporate Plan for 2020/21, outlining the organisation’s strategic priorities and its immediate...

Castle Trust granted full banking licence

Following a period of authorisation with restrictions, Castle Trust Capital plc (Castle Trust) has been granted full authorisation as a bank by the Prudential...

Stonebridge continues to increase adviser numbers

Stonebridge, the mortgage and insurance network, has today (15th June 2020) announced an increase in appointed representative (AR) adviser recruitment numbers...

Home Buying & Selling Group sets up working party to look at Property Logbooks

The Home Buying & Selling Group (HBSG) has set up a working party to look specifically at the issue of property logbooks. Following on from the Hackitt...

StepChange backs cross-Party call for Debt Management Bill

Welcoming the letter to the Chancellor sent by more than 50 MPs and Peers calling for a Debt Management Bill to implement serious and systematic improvements...

Computershare Loan Services donates £10,000 to the Trussell Trust

Computershare Loan Services has donated £10,000 from its Charity Donations Fund to the Trussell Trust, a charity which supports a nationwide network of 1,200...

Remote workers may be more dishonest than office workers – and it’s women that could be to blame

Women are more likely to be dishonest than men when working remotely, according to research by the University of Cologne. The research, conducted by Dr. Julian...

New Data Reveals the Nation’s Fears on Returning to Work

The government may have unveiled its plan for easing lockdown, but one startling fact remains — the pandemic is far from over. While schools and...

Government and industry recognise ‘central role’ of debt advice in Covid-19 recovery

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed today’s announcement of a £37.8 million package of...

Tammy Taylor-Stowe Joins TransUnion as Chief Human Resources Officer for Europe

TransUnion has appointed Tammy Taylor-Stowe as its new chief human resources (HR) officer for Europe. Tammy will be responsible for leading the HR strategy and...

Consumer finance new business falls by 64% in April 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in April 2020 by 64% compared with the...

Consumer car finance market falls by 94% in April 2020

New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market fell in April 2020...

Fintech vs traditional banking

With customer demands and behaviours evolving quickly in light of Covid-19, Will Hurst, Head of Commercial Development at Monevo, looks at whether traditional...

Trust in finance

The level of trust among US finance professionals has declined far more sharply than among the general population over the past four decades, finds a new...

Comment on the UK Finance review

John Goodall, CEO at Landbay, says “Buy-to-let started the year really strongly and this is reflected in the UK Finance figures. January and February saw...

From every negative there is a positive – Comment on the UK Finance household finance report

Following the UK Finance household finance review this morning, Richard Pike at Phoebus Software says: “We can now see exactly how the first quarter of the...

Ipswich Building Society opens up lending to Paradigm members

Paradigm Mortgage Services, the mortgage services proposition, has today announced Ipswich Building Society has lifted its postcode lending restrictions for...

More than 270,000 complaints brought to Financial Ombudsman Service last year

The Financial Ombudsman Service received over 270,000 new complaints about financial businesses in the 2019/20 financial year, new figures published today...

FCA Mortgage Payment Holiday Extension

In light of today’s FCA announcement regarding the extension of mortgage payment holidays, James Jones, Head of Consumer Affairs at Experian, said:...

Comment on extension of mortgage payment holidays

Commenting on the FCA’s confirmation of the extension of mortgage payment holidays, Andrew Johnson, money expert at the Money and Pensions Service said:...

Relief for millions of self-employed people, but gaps in support remain unaddressed

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s announcement today on extensions to the...

Conveyancing Association issues sector-specific guidance for conveyancing firms

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today issued newly-published sector-specific guidance for...

Motor dealerships reopening is a welcome move

Commenting ahead of the 1 June reopening date for car dealerships in England, Adrian Dally, Head of Motor Finance at the Finance & Leasing Association,...

Paradigm announce 2019-20 Lender and Provider Award Winners

Paradigm Mortgage Services and Paradigm Protect, the mortgage services and protection propositions, have today announced the winners of its annual Lender and...

Landwood Group’s Anna Main Enjoys Rapid Rise to Board Director

Manchester-based property group Landwood has announced the promotion of Anna Main to the main company board – within months of joining the business. Anna...

Melanie Spencer to run MCI Club as Phil Whitehouse steps down

Melanie Spencer has been appointed to lead the MCI Mortgage Club through its next stage of growth following Phil Whitehouse’s decision to step down from his...

Banks ramp up tech recruitment in response to COVID-19

New tech roles in banks has increased by a staggering +46% in the last three years – making traditional banks the most prominent recruiter for tech...

Mortgage payment holiday extension – comment

Commenting on the FCA proposals to support customers who are struggling to pay their mortgage due to coronavirus, Alastair Douglas, CEO of finance experts...

StepChange welcomes mortgage holiday extension and asks “what about tenants?”

StepChange Debt Charity welcomes today’s proposals from the Financial Conduct Authority to extend the window for mortgage borrowers whose finances are...

Mortgage Payment Holidays extended – comment

Following the news this morning that the government has extended the mortgage payment holiday scheme by a further three months, Richard Pike, Phoebus Software...

Paradigm add Paragon to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today announced the addition of buy-to-let and specialist lender, Paragon Bank, to its...

Urgent action needed to help millions struggling with Covid-19 council tax debt

The UK’s three largest debt charities have called on the Government to change ‘ineffective’ regulations on how councils collect council tax arrears to...

Payment Behaviors Shift as US and UK Consumers Adjust to COVID-19 Fallout

COVID-19 has significantly impacted most aspects of consumer’s lives, including how they shop and make payments. People are concerned for their finances,...

Positive Demand Signs for Click & Collect

Following MotoNovo’s announcement that is was lifting its lending restrictions, the business has seen a surge in proposal and business activity. In the...

Towards sustainable and human-centric innovations – Two white papers published to shed light on personal data operations

A global nonprofit, MyData Global, and Finnish SME, Vastuu Group Ltd, take important steps towards open personal data ecosystems. Two recently published white...

Revealed: how lockdown has impacted people on debt solutions

A survey of customers by leading debt advice provider Financial Wellness Group has revealed how lockdown has impacted the finances of those already on a debt...

Knowledge Bank launches Tenet tie-up

Tenet Group has announced a new partnership with Knowledge Bank to provide both its network members and directly authorised clients with access to Knowledge...

Experian’s Affordability Passport helping vulnerable people through Covid-19 pandemic

Experian’s Affordability Passport is helping a host of organisations better understand vulnerable people’s financial situations, so they can best support...

TDX Group launches V+ services to manage vulnerable consumers with problem debt

TDX Group, the leading provider of data and technology-driven debt solutions for businesses, has launched the V+ range of services to support organisations in...

Conveyancing Association supports COVID-19 industry guide to support a safe home moving process

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today announced its support for a cross-industry guide on...

Protecting Mental Health as UK Lockdown Continues

As the Coronavirus pandemic sweeps across the globe, the world has had to rapidly adjust how we live. We’ve had to restrict activities we enjoy, find ways to...

SDL Surveying to start physical inspections immediately

National valuations firm, SDL Surveying, has today (13th May 2020) announced its surveyors will begin physical inspections with immediate effect with new...

Conveyancing Association urges Government to extend furlough scheme & develop housing market stimulation measures

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today urged the Government to extend its furlough scheme past...

Workers will breathe ‘sigh of relief’ after furlough extension – now self-employed people need the same certainty

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s decision today to extend a more flexible...

Commenting on the Chancellor’s extension to furlough scheme

Commenting on the Chancellor’s decision to extend the furlough scheme, Jo Keddie, Partner and Head of Employment at Winckworth Sherwood, said: “The...

MCI Club partners with Safe & Secure for GI referrals

The MCI Mortgage Club has added a general insurance referral option for its members through Safe & Secure. The provider offers an alternative where leads...

Coronavirus LTV restrictions dominate April broker searches

New figures from Knowledge Bank reveal the extent to which Covid-19 is shaking up the market and dominating brokers’ minds. April’s results from the...

How can Platform as a Service unleash competitive advantage for banks?

Due to both regulation and practical realities, banks spend much of their time, effort and money on activities that make zero difference to their competitive...

Close Brothers Motor Finance enhances dealer Showroom platform with remote quote and apply

Close Brothers Motor Finance has bolstered its Showroom proposal platform by giving motor dealers the opportunity to bring the showroom directly to their...

MotoNovo Ready to Help the Dealer Community to Re-Open Now

MotoNovo Finance has announced that it is lifting the lending restrictions that have been in place during the lock-down period with immediate effect. It is a...

Consumer finance new business falls by 16% in March 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in March 2020 by 16% compared with the...

Consumer car finance market falls by 27% in March 2020

New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market fell in March 2020...

The Nottingham donates £30,000 to national charity to help prevent social isolation

The Nottingham Building Society is supporting members of our communities at risk of social isolation with a £30,000 donation to The Silver Line charity. The...

Contact centres stay secure with Eckoh’s CallGuard Remote and ChatGuard

Since the start of the COVID-19 crisis, organisations across all sectors have faced a tough challenge – how to continue serving their customers to the same...

FLA comment on the 97% drop in new car registrations

Commenting on the figures published today by the Society for Motor Manufacturers and Traders (SMMT), which showed that new car registrations were 97% lower in...

BoE Money and Credit stats – insights

Will North, director of core credit at TransUnion in the UK, comments on the latest Bank of England Money and Credit statistics and TransUnion’s own findings...

StepChange streamlines referrals to make getting debt advice easier

StepChange Debt Charity has today launched a new, streamlined referral process at referrals.stepchange.org to make it easier for creditors to refer people to...

It’s Time to Re-Engineer the Car Retailing Model

“COVID-19 has been tough for the dealer community, but looking at things optimistically, it can be the catalyst for positive change. It is time for dealers...

Knowledge Bank responds to broker challenge for SVR list

Knowledge Bank has responded in under 24 hours to broker demand for an easy way to see lenders’ current SVRs. Knowledge Bank responded instantly, creating a...

Comment on the BoE mortgage lending figures for March

Following the BoE figures this morning, here’s a comment from Richard Pike at Phoebus Software. I do hope it’s of interest for your reporting: Richard...

Paytech Solution hits ‘Bank-in-a-Day’ Set-up Target

Paymentology, has hit its target of being able to set up an all-embracing payments platform in just 24 hours. This enables card programmes to be established...

Forty days into lockdown: Business School resource gives forty insights into the realities of working during Covid-19

Researchers from the Adam Smith Business School at the University of Glasgow have created a new resource of stories recording working life during Covid-19....

Personal Insolvencies: on the decline, or a temporary respite?

The number of individuals entering a personal insolvency procedure has fallen for the fifth consecutive quarter. The figures, released by the Insolvency...

Car Buying Still Top of Mind for Customers

There has been a step-change in visitor activity at findandfundmycar.com through the enforced lock-down period: 29% increase in sales leads week-on-week 15%...

MotoNovo Extends Finance Acceptances to 60 Days

As the lock-down continues across the UK, MotoNovo has taken a positive step to extend the validity of its finance acceptances to 60 days from the usual 30...

Iress integrates with Knowledge Bank to help mortgage brokers focus on client advice

Iress today announces that it has integrated its Xplan Mortgage software with criteria search system Knowledge Bank. This integration allows mortgage brokers...

Paradigm offer up to six months’ free compliance support to DA firms

Paradigm Mortgage Services has today (27th April 2020) launched a new offer to directly authorised (DA) firms with up to six months’ free compliance support...

MCI Club expands ethical range with Reliance Bank tie-up

The MCI Mortgage Club has expanded its panel to include the Reliance Bank, increasing the number of ethical options available to its members. The Reliance...

FCA motor finance: comment

Ahead of the expected finalisation of the FCA’s plans to provide a 3-month payment freeze for motor finance customers tomorrow, John Perez, Head of Finance...

Signs of Improvement in UK Household Finances

Research from global information and insights provider TransUnion, one of the UK’s leading credit reference agencies, shows potential signs of stabilisation...

Hanley Economic BS outlines lending commitment and Covid-19 support measures

Hanley Economic Building Society has outlined its commitment to lend where possible after implementing a raft of Covid-19 support measures. Like the vast...

StepChange welcomes IVA coronavirus flexibility

StepChange Debt Charity and StepChange Voluntary Arrangements welcome the changes to the IVA Protocol that have now been agreed by the IVA Standing Committee....

Impact Specialist Finance introduces ‘Specialist Lending Covid-19 Update’

Impact Specialist Finance, the specialist mortgage broker and distributor, has introduced a ‘Specialist Lending Covid-19 Update’. This is a single point of...

FCA action for motor finance and high cost credit customers welcome, but ‘questions remain’

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Financial Conduct Authority’s new package of measures...

FLA comment on the FCA’s proposals on motor finance forbearance

Commenting on the FCA’s proposals on motor finance forbearance for customers facing payment difficulties due to coronavirus, Adrian Dally, Head of Motor...

MCI Club extends into lifetime mortgages with OneFamily partnership

The MCI Mortgage Club has appointed OneFamily to its growing lender panel, extending its range of products to include lifetime mortgages for its members. The...

The Moving Hub employee wins The Rotary Young Citizen of the Year Award

Alfie Swaby, Client Support Executive at The Moving Hub, a leading conveyancing platform and case management system, has just been awarded Young Citizen of the...

Response to the UK Gambling Commission’s ban on gambling with credit cards

Adam Hancox, head of gaming at TransUnion in the UK, comments on the UKGC announcement: “Banning the use of credit cards in gambling is seen as a positive...

Paradigm Protect launch webinar series for member firms

Paradigm Protect, the directly authorised protection proposition – which is part of Paradigm Mortgage Services, has today launched a series of webinars...

Consumer finance new business grows by 6% in February 2020

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew in February 2020 by 6% compared with the...

Temporary financial relief measures will be welcome news for consumer credit customers

Darren Fisher, Director in DWF’s regulatory consulting practice, comments on the temporary financial relief measures introduced by the Financial Conduct...

Knowledge Bank monthly tracker reflects brokers concern with Covid-19 as more than 500 criteria change in 48 hours

Knowledge Bank’s monthly tracker of the criteria that brokers most search for shows the clear concern with Covid-19. While it already seems a lifetime ago it...

OMS integrates Iress’ Lender Connect software

One Mortgage System (OMS), the seamless single-input enquiry to completion processing CRM platform for mortgage intermediaries, has partnered with Iress to...

Call for FCA to ‘close the gaps’ in its Covid-19 consumer credit measures

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has called on the Financial Conduct Authority to “close the gaps” in...

Financial Wellness Group welcomes the FCA’s ‘financial relief for customers’ but calls for interest and charges to be frozen for all customers who need help

Leading debt advice provider, Financial Wellness Group welcomes the temporary ‘financial relief for customers’ measures announced by the FCA today and...

FCA ‘right to step in’ on consumer credit – but measures must cover all forms of borrowing

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed today’s announcement from the Financial Conduct Authority...

Experian signs new business pledge to help nation through COVID 19 crisis

Experian has joined businesses from across the UK in an initiative to help the country and its most vulnerable citizens to pull through the coronavirus crisis....

StepChange welcomes FCA emergency financial relief proposals

StepChange Debt Charity welcomes the proposed approach set out by the Financial Conduct Authority that would see a standard baseline set of payment freeze and...

Employers must remember duty of care during outbreak

Throughout the coronavirus pandemic, businesses must ensure that they’re providing suitable mental health support for employees and fulfilling their duty of...

Junior Broker will raise funds for disabled children in Virgin Money London Marathon

A 21-year-old man from Elsenham, in Essex, is putting his mind and body on the line in an attempt to raise much needed funds for a disabled children’s...

Covid-19: Free toolkit for businesses on disability and mental well-being

Business Disability Forum is launching a free online toolkit to help businesses support disabled colleagues and customers during the Covid-19 outbreak. The...

Three out of Five UK Households Negatively Financially Impacted by COVID-19

Global information and insights provider TransUnion, one of the UK’s leading credit reference agencies, has found that three out of five (59%) households are...

Paradigm add lender AVM levels to Coronavirus support page

Paradigm Mortgage Services has today added a new section of information capturing lenders’ automatic valuation model (AVM) information and LTV restrictions...

Foundation Home Loans – update and comment

With regards to the news from Foundation Home Loans today, Chief Executive of Foundation Home Loans said: “Foundation Home Loans has taken the decision to...

Equifax UK committed to supporting consumers and businesses impacted by COVID-19

Equifax, the business and consumer insights expert, is working actively with regulators, government, credit providers and other credit reference agencies to...

Maintaining a Productive and Healthy Workforce During Coronavirus

As the country gets used to being in lockdown and more people than ever before are discovering how to work from home, attention is shifting to how we maintain...

The Money Stats – March 2020 – Portrait of a Pre-Crisis UK

March 2020’s Money Statistics, produced by The Money Charity, are released from a place significantly different to anything the majority of us will ever have...

Conveyancing market stakeholders produce industry guidance for firms during Coronavirus crisis

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today endorsed industry-wide guidance to conveyancing firms...

Phoebus Software launches Mortgage Self-Service Portal to help stem calls in lender call centres

Phoebus Software Limited (PSL), the leading banking and lending software provider, has launched a new digital self-service portal that allows lender’s...

Paradigm launch Coronavirus support page for advisers

Paradigm Mortgage Services has today launched a new Coronavirus support page for advisers which includes a raft of information to help firms through the...

Computershare Loan Services UK – Coronvirus statement

Andrew Jones, CEO for Computershare Loan Services in the UK, said: “We’ve changed our working practices to keep our contact centres operational whilst...

COVID-19 operational update from Stuart Wilson (Air Group)

Below is a COVID-19 operational update from Stuart Wilson, CEO of Air Group – the collective of companies covering a range of retirement and later life...

Vision Blue announce new brand and enhanced products

With a head office in Dublin, Vision Blue will bring together its range of financial services products, under a new brand designed to reflect the breadth of...

Future Adviser Event moves to new September date

As we work through the global Covid-19 crisis, the Future Adviser Event has decided, in line with government guidance, to reschedule its inaugural event to 8th...

Self-employed incomes are ‘falling like a stone’ as a result of Covid-19

The incomes of self-employed people are ‘falling like a stone’ amidst economic disruption caused by Covid-19, according to charity the Money Advice Trust,...

Air Group announce postponement of National Later Life Adviser Conference

AIR Group, the collective of companies covering a range of retirement and later life services, has today announced that its third annual National Later Life...

Employees now working from home working longer hours than before

New data from NordVPN Teams (one of the world’s largest suppliers of the secure virtual private networks corporates use for enabling online working) shows a...

Comment: Chancellor’s help to pay wages most effective way to protect jobs from coronavirus

Dr Ivan Petrella, Associate Professor of Economics at Warwick Business School, said: “The Chancellor’s announcement underscores the unprecedented...

Action on jobs and wages a ‘big, bold move’ to support household finances

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s announcement of a package of measures to...

StepChange reaction to Chancellor’s wage support statement

StepChange Debt Charity, which yesterday published a joint proposal with the Money Advice Trust for a rescue package in response to the financial problems...

Press Release: Tenancy Deposit Scheme releases a Guide to the Tenancy Deposit Legislation in England and Wales

The Tenancy Deposit Scheme (TDS) has released its latest guide to the tenancy deposit protection (TDP) legislation in England and Wales. Since the last guide...

‘Rescue package’ needed to help household finances cope with Covid-19

Direct cash support for affected households, a pause on debt enforcement, and urgent support for those who fall behind on their rent and council tax are among...

Latest commentary from the Mortgage Market Alliance

Rob Griffiths, Director at the Mortgage Market Alliance, says: “Understandably, mortgage lenders have been inundated with worried borrowers contacting them...

Central banks take centre stage

For the second week in a row, COVID-19 has us scrapping our list of “normal” financial topics in favour of a clean sheet. RPI reform, the Libor transition,...

Foundation Home Loans refresh entire BTL product range

Foundation Home Loans, the intermediary-only specialist lender, has today announced a full refresh of its buy-to-let product range. The lender has relaunched...

StepChange responds to today’s Budget

Today’s Budget, and the Bank of England interest rate cut and liquidity support, will provide some direct and indirect support during the uncertain period...

Foundation Home Loans announce packager agreement with Y3S Bridging & Commercial

Foundation Home Loans, the intermediary-only specialist lender, has today announced a new agreement has been signed with specialist finance packager, Y3S...

Commenting on market reaction to BoE rate cut and COVID-19 measures

Commenting on the market reaction to the BoE’s emergency rate cut and COVID-19 measures, Joshua Roberts, Associate Director at Chatham Financial, said:...

Largest lenders compete for business in 2020, but can this be sustained?

Moneyfacts UK Mortgage Trends Treasury Report, not yet published, shows that the average overall fixed rates for both two and five-year mortgage deals have had...

FLA launches Diversity and Inclusion information hub

The Finance & Leasing Association (FLA) has launched a Diversity and Inclusion page for International Women’s Day on Sunday, March 8th, 2020. The page...

Response to statement by James Benamor

Amigo notes the statement made by James Benamor on social media on the evening of 4 March 2020. Mr Benamor’s statement contains several material inaccuracies...

UK Finance Household Finance Review: ‘Recovery from flat 2019 could be stopped in its tracks by coronavirus’ – comment

John Phillips, national operations director at Just Mortgages, commenting on the UK Finance ‘Household Finance Review’ released this morning, said: “The...

Together bolsters its broker team with two key hires

Two financial services experts with more than three decades of combined industry experience have joined Together as it expands its intermediary relationship...

Financial Wellness Group launches with a mission to improve the wellbeing of people with money worries

Today sees the launch of Financial Wellness Group, with the ambitious mission of improving the wellbeing of people with money worries, enabling them to ‘live...

Vast majority of landlords expect further Government intervention in PRS during 2020, Foundation Home Loans research reveals

The latest landlord research from Foundation Home Loans, the intermediary-only, specialist lender has revealed the vast majority of landlords (70%) anticipate...

Research reveals Clicks and Bricks is shaping the future of used car buying

Customer satisfaction with the service they received from the salesperson at the dealership was a staggering 93%. Clicks and Bricks is shaping the future of...

Coping with Corona – excessive media speculation can severely exacerbate existing mental health issues

There is growing concern that the reports of an increasing number of Coronavirus cases in the UK may have a significant impact on mental health as well as...

Grupo Catalana Occidente consolidated result increased by 9.9% to €424.5m in 2019

Grupo Catalana Occidente has closed 2019 with a consolidated profit of 424.5 million euros, which represents an increase of 9.9% compared to the previous year....

Together Financial Services Limited – Q2 Results

Together Financial Services Limited (‘Together’ or ‘the Group’), one of the UK’s leading specialist mortgage and secured loan providers, is pleased...

Amigo Holdings announces Q3 results for the period ended 31 December 2019

Amigo Holdings PLC, the leading provider of guarantor loan in the UK, announces its interim results for the nine months ended 31 December 2019. Headlines Net...

Ongoing Decline of Cash Remains Threat to UK’s Financial Inclusion

While the UK’s rapid shift towards contactless and digital payments continues apace, these moves remain a very real problem and threat to the financial...

12 sector leaders named who will help shape the UK’s future financial wellbeing

12 sector leaders who will head up cross-industry groups set up to help transform financial wellbeing are being named today by the Money and Pensions Service...

Mortgage Market Alliance launches to promote mortgage market and value of advice

A new organisation has launched today to promote the UK mortgage industry, raise awareness and understanding among consumers about the range of options...

Bluestone Group secures £15m expansion facility from Pollen Street Capital

Bluestone Group’s (“Bluestone”) expansion in the UK and Irish finance and technology markets has received a substantial boost from alternative asset...

Just Mortgages appoints new Financial Services Director

Just Mortgages has just appointed its first female Financial Services Director as it continues its expansion and diversity drive. Kerry-Ann Davies has been in...

Foundation Home Loans announce new partnership with The Mortgage Trading Company

Foundation Home Loans, the intermediary-only specialist lender, has today announced a new partnership with packager firm, The Mortgage Trading Company. From...

Comments on the state of the mortgage market

Will North, director of core credit for TransUnion in the UK, looks at the UK Finance statistics on Mortgage Trends and financial wellbeing expectations...

HMRC property transactions figures – “Strong activity continuing into New Year” – comment

Commenting on today’s HMRC property transactions figures, Neil Knight, business development director at Spicerhaart Part-Exchange and Assisted Move, said:...

MCI Club offers free Digital Mortgage Broker

The MCI Club has today launched a new digital mortgage broker platform. Aimed at traditional brokers, it will be free to use for all existing members of the...

Lending/consumer credit: FCA sector views 2020 – Paul Dyer reactive comment & available for comment

This morning the FCA published its annual Sector Views, an assessment of the risks and potential harm to consumers across financial services markets. The...

UK labour market data – comment

Commenting on the UK labour market data, Andy Scott, Associate Director at Chatham Financial, said: “The UK labour market continued to see strong jobs growth...

UK Finance Mortgage Trends

Commenting on this morning’s Mortgage Trends data from UK Finance, John Phillips, national operations director at Just Mortgages, said: “If November’s...

Air Mortgage Club add Chorley Building Society to retirement lending panel

Air Mortgage Club – the distributor for equity release and later life advisers – has today announced the addition of Chorley Building Society to its...

Building Consumer Trust Will be a Key Driver of Growth for Finance Providers

Released today, TransUnion’s new white paper, which examines consumer credit behaviour in the UK, unveils key trends and themes for lenders to note as we...

McVey sacked as Housing Minister: comment

Commenting on the news that Esther McVey has been sacked as housing minister, John Phillips, national operations director at Just Mortgages, said: “Housing...

Consumer car finance market holds steady in 2019

New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market grew in December...

Frontline first responders could help UK’s most vulnerable avoid debt

New trials are looking to build on evidence that training frontline support workers in money guidance can help the UK’s most vulnerable people to address and...

New service to help people in “persistent debt” on credit cards

Over a million people are expected to receive communications from their credit card providers by the end of March asking them to increase their payments....

Comment regarding Government’s new ‘breathing space’ scheme

Following on from the announcement yesterday of the Government’s new ‘breathing space’ scheme, Money Guru has issued a comment on what this will mean for...

FLA comments on the Government’s new Breathing Space announcement

Commenting on the Government’s new Breathing Space period, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said: “Today’s announcement by...

Phoebus Software donates more than £10,000 to local charities in 2019

Phoebus Software Limited (PSL), the Solihull based software company donated £10,500 to charity last year with £7,500 going to Acorns Childrens’ Hospice....

AmTrust complete Italian capital relief transaction

AmTrust International, the Europe-wide private mortgage insurer, has today announced the completion by its Mortgage & Credit division of a capital relief...

Money Advice Trust responds to FCA’s letter to credit card firms

The Money Advice Trust has responded to the Financial Conduct Authority’s (FCA) letter to credit card firms that reviews their approach to borrowers stuck in...

StepChange welcomes FCA reminder to credit card firms on how to treat persistent debt

The Financial Conduct Authority has today issued a reminder to firms about its expectations of how they communicate with people and treat them if they have...

The Right Mortgage and Protection Network celebrates half a decade of success this month

The Right Mortgage and Protection Network is celebrating half a decade of supporting the UK’s mortgage and protection brokers, and firms, in all areas of...

FORS becomes official Supporter of mental health charity Mates in Mind

FORS has become an official Supporter of the national Mates in Mind charity and is encouraging its members to prioritise employee mental health as a staff...

StepChange appoints new head of strategic relationships

StepChange Debt Charity has appointed Vanessa Northam, previously head of external affairs at Tully, part of the Openwrks Group, as its new head of strategic...

Consumer car finance market falls by 1% in November 2019

New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market fell in November...

Consumer finance new business grows by 2% in November 2019

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew in November 2019 by 2% compared with the...

Second charge mortgage new business volumes up by 14% in November 2019

Commenting on the November 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance...

FCA is right to ask banks to explain overdraft pricing says StepChange Debt Charity

The Financial Conduct Authority has rightly pointed to the beneficial effect on overdraft pricing that its new rules have created for the most financially...

Impact Specialist Finance reappointed onto PRIMIS’s new specialist packager panel

Impact Specialist Finance has maintained its position on PRIMIS’s approved specialist packager panel after an extensive review of all panel members. This...

Admiral Financial Services: customers served more quickly with digital debt management option

Admiral Financial Services has become the latest credit provider to deploy a Flexys digital debt management solution to transform services for customers in...

Conveyancing Association looks to ‘2025 and beyond’

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, is using its Annual Conference next month to look at the future for...

Shawbrook Bank simplifies Buy-to-Let range and launches new BTL online application form

Following on from the refresh that took place late in 2019, the specialist lender has taken further steps to improve their BTL range and streamline the...

Social security flaws are driving problem debt

A new research report from StepChange Debt Charity, Problem debt and the social security system, shows why it is vital that the Government should take urgent...

UK economy missing out on vital boost as SMEs stockpile £86bn of surplus cash in low or zero-interest current accounts

The UK economy is missing out on a vital boost as new research reveals small-and-medium sized businesses (SME) are sitting on £86 billion of dormant cash in...

HMRC property transactions figures: “Real recovery starting to take hold” – comment

Commenting on today’s HMRC property transactions figures, Neil Knight, business development director at Spicerhaart Part-Exchange and Assisted Move, said:...

Paradigm promotes two to Business Development Consultant roles

Paradigm Mortgage Services has today announced the promotion of two members of staff to new Business Development Consultant roles. Both Tom Hunt and Alex...

Freedom Finance expands board with new Non-Executive Director

John-Paul Wilkins has been appointed as a Non-Executive Director at Freedom Finance, a fintech lending platform that uses smart sourcing to generate more...

Blue Monday: The most popular time of year to change your job

90% of professionals would be open to a job approach this time of year, despite not actively looking themselves – citing positive company culture (70%),...

Brits in the dark over their personal finances as consumer debt hits £218bn

One in five Brits are failing to keep track of their personal finances, with 40% of millennials admitting they have no clue how much they spend compared to...

Upgrade for lending platform

LendingMetrics has unveiled a new version of its multi-award-winning* automated underwriting platform ADP. Finance providers – who will go live with the...

Resolution Fundation Research Report on consumer credit – comment

Paul Went, Managing Director for Shawbrook’s Consumer Division, said: “The main reason that many low-income families fall into extreme indebtedness is...

Just Mortgages Academy starts training 11 brand-new brokers

Eleven new trainees have started five weeks of intensive training with Just Mortgages’ Broker Academy that will see them go from raw recruits with no...

Government needs expertise of financial services organisations to help coordinate SME funding schemes

Commenting on the publication of two reports from the National Audit Office which examine the coordination of business support schemes by Government, and the...

Vanquis Bank partners with HooYuto digitalise KYC processes

Leading customer onboarding and KYC technology firm, HooYu, has announced a partnership to digitalise Vanquis Bank’s KYC processes. The HooYu KYC journey has...

Debt charity welcomes ban on gambling with credit cards

The Gambling Commission has today announced a ban on gambling businesses allowing consumers to use credit cards to gamble. The ban, which comes into effect on...

HSBC Expat appoint Jaywing to redefine and engage international audience

Sheffield headquartered Jaywing has been selected by HSBC Expat to help redefine the way the brand engages with audiences who live, work and bank across...

Appeal court confirms Shoprite granted credit recklessly to consumers

SOUTH AFRICA: In September 2014, whilst conducting a research exercise, the National Credit Regulator (NCR) identified deficiencies in Shoprite Investments...

Credit experts warn of holiday pitfalls as 5.2 million jetsetters snap up January bargains

Credit experts TotallyMoney have advised that those booking holidays could protect themselves under Section 75 of the Consumer Credit Act by using a credit...

Hanley Economic BS enters ex-pat BTL market

Hanley Economic Building Society has introduced a new ex-pat offering into its buy-to-let mortgage range. The Society’s first venture into this growing part...

Together announces new appointment to Personal Finance Board

Together Financial Services Limited (“Together”), one of the UK’s leading specialist mortgage and secured loan providers, is pleased to...

MT Finance added to Paradigm lender panel

Paradigm Mortgage Services has today announced the addition of bridging and short-term lender, MT Finance, to its lender panel. From today, Paradigm’s member...

Foundation Home Loans kicks off 2020 with five new sales team recruits

Foundation Home Loans, the intermediary-only specialist lender, has today announced the expansion of its sales team with five new recruits covering both...

Unsecured debt hits new peak of £14,540 per household – analysis

New analysis published today by the TUC shows that household debt rose sharply over 2019, with unsecured debt (debt other than mortgages) reaching record...

Broker criteria searches show mortgage market volatility

The latest monthly analysis of brokers’ criteria searches has pointed to a number of surprising results across a wide range of market sectors – evidence of...

Sprout Mortgage Adds Ron Krueger as SVP, Non-QM Correspondent Lending

Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced that Ron Krueger has joined the company as Senior Vice President,...

Paradigm to run its DA transition workshop in London

Paradigm Mortgage Services, the mortgage services proposition, has today announced it will once again run its workshop to support those looking to become...

Connect for Intermediaries encourages industry to get involved in Veganuary

Connect for Intermediaries has launched the Veganuary Workplace Challenge to encourage both companies and individuals in the mortgage industry to try going...

Changing your car in 2020? Get the facts from Financing Your Car

If you’re thinking about changing your car in 2020, but unsure where to begin when it comes to researching finance, the FLA’s impartial website, Financing...

Bah humbug! Frugal Brits are ditching Xmas pressies to spend more on their homes

More than a quarter of British couples plan to spend their Christmas cash on their home rather than each other, a new survey has revealed. They are forgoing...

Consumer car finance market falls by 4% in October

New figures released today by the Finance & Leasing Association (FLA) show that new business volumes in the consumer car finance market fell by 4% in...

Consumer finance new business falls by 2% in October

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business was 2% lower in October 2019 than the same...

Banks must not shroud their repeat overdraft use strategies in mystery, says StepChange

StepChange Debt Charity comments that new rules on overdraft repeat use [effective from 18 December], will need careful oversight by the Financial Conduct...

The £499.62 Annual Customer Saving Opportunity from MotoNovo

MotoNovo Finance’s exclusive discount shopping programme, available to all their finance customers, can give dealers an extra edge when it comes to helping...

Forgo the family feud this Christmas, with expert advice to help you avoid the traps of argument dilution

According to YouGov research, one in three people in the UK think it’s likely that they will have an argument with their family this Christmas. Huthwaite...

Conveyancing Association outline policy priorities for 2020

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today outlined its core policy priorities for 2020 and beyond. The...

Two-thirds of UK households expect to pay off Christmas debt within just three months, new research from Ferratum Group reveals

Two in three UK households (66%) expect to return to their normal financial state within three months after Christmas, research from Ferratum Group, a global...

83% of customers would use POS finance when purchasing from SME retailers

As buy now, pay later payment options continue to surge in popularity, new research finds that the majority of customers (83%) would use point of sale (POS)...

Boris needs to make good on pre-election talk – election comment

Commenting on the Conservatives winning a substantial majority in the general election, John Phillips, national operations director at Just Mortgages, said:...

Mortgage Lenders and Administrators figures – comment

Following the Bank of England MLAR stats this morning, Mark Pilling, Spicerhaart Corporate Sales managing director, says “The Q3 arrears figures from Bank of...

Inventx relies on the ndgit API solution in its Open Finance Platform

ndgit, Europe’s leading Open Banking platform provider, is supplying Inventx AG with an open API integration layer to support its newly launched Open Finance...

Just Mortgages selects eleven new trainees for broker academy

Eleven new brokers will start training with Just Mortgages’ broker academy in the New Year after coming through a rigorous selection procedure. The new...

Stonebridge announces new ID verification technology and upgrades to Revolution

Stonebridge, the mortgage and insurance network, has today announced the launch of ‘RevolutionID’ – a new piece of market-leading functionality...

Foundation Home Loans announce new relationship with MCI Club

Foundation Home Loans, the intermediary-only specialist lender has today announced a new relationship with MCI Club. From today, Foundation is joining the MCI...

‘Balance’ – the Key to Making a Profit from Financial Services According to the FCA

“Creating good customer outcomes in dealers finance is the crucial route to ensuring that finance can continue to be a profit centre for dealers. Building a...

TDS Publish Matrix to Simplify Tenant Fees Ban in Wales and England

A recent report revealed that landlords and agents are still confused by the tenant fees ban, which was introduced over five months ago. To add to the...

‘Inclusive design’ in essential services to be explored in new partnership

A new programme of research led by Fair By Design and the Money Advice Trust is set to explore the issue of inclusive design in credit, insurance, energy and...

Two thirds of people struggling to afford Christmas and a third expecting to borrow for it, warns debt charity

New data reveals the effect of Christmas on people’s finances, with nearly seven in 10 (68%) unable to comfortably afford this festive season and nearly a...

Hanley Economic BS launches new ‘build for second home’ self-build product

Hanley Economic Building Society has launched a new ‘build for second home’ product aimed at self-build clients looking to construct a second residential...

Connect for Intermediaries signs Women in Finance charter

Connect for Intermediaries has signed the Women in Finance Charter and has been accepted by HM Treasury as a signatory. Connect for Intermediaries was founded...

Brits reveal the true cost of Christmas

British shoppers are gearing up to blow the bank this Christmas, as 43% said they estimate they will spend more than their monthly pay cheque during the...

Paradigm to repeat ‘Reverse Advent’ charity drive for The Trussell Trust

Paradigm Mortgage Services, the mortgage services proposition, has today announced it will be repeating its ‘Reverse Advent’ charity drive in aid of The...

Tymit launches first app-enabled instalment credit card

Tymit, the London based fintech, has announced the launch of its revolutionary, fee-free instalment Visa credit card. Built to provide a rich, mobile app...

The Right Mortgage celebrate yet another successful bi-annual National Training Event

The team at The Right Mortgage & Protection Network have a lot to celebrate this week after, its 10th National Training Event yesterday. The completely...

BoE Money & Credit figures – comment

Commenting on today’s Bank of England Money & Credit figures, John Phillips, national operations director, Just Mortgages said: “These figures – both...

The Money Statistics November 2019

Striking Numbers £494.60: Median weekly full-time pay for employees aged 22-29 £390: Median monthly private rent in England for a single room with shared...

Amigo Holdings announces interim results for the six months ended 30 September 2019

Amigo Holdings PLC, (Amigo), the leading provider of guarantor loans in the UK, announces results for the six-month period ended 30 September 2019. Financial...

Amigo Loans Regulatory Update

Amigo announces that it has received the outcome of the FCA’s Guarantor Understanding Multi Firm Work (the “Review”). The aim of the Review was for the...

The Co-operative Bank launches new ‘Loans Marketplace’ proposition

The Co-operative Bank today launches a new ‘Loans Marketplace’ solution – a service that enables consumers to search for a personal loan quote, with...

The Nottingham introduces ten-year fixed Retirement Interest Only mortgage

The Nottingham has further evidenced its commitment to later life lending by introducing a Retirement Interest Only mortgage fixed at 3.95% for ten years. Its...

Debt Collection Trade Body Launches New People Development Conference for 2020 National Apprenticeship Week

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is launching a new Learning and Development Conference,...

TDS Charitable Foundation Awards £293,000 of Funding

The TDS Charitable Foundation has published its 2018/2019 Annual Review, which revealed how the charity has distributed over £293,000 of grants to nine...

Elevate Credit appoints new Managing Director

Elevate Credit International, a UK lender offering tech-enabled online credit solutions, has appointed Steve Grice as its new Managing Director. Steve will...

Record employment rate masks concerns about precarious jobs and low wages

Record high employment is hiding concerns about the increasing number of poor-quality jobs, researchers from the Centre for Economic Performance (CEP) at the...

Stonebridge sees record-breaking lending application volumes in October

Stonebridge, the mortgage and insurance network, has today announced it broke its record for lending applications submitted during October this year....

Housing should most certainly be on the agenda

Following the UK Finance lending trends figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “When we see figures like...

Property drives marketplace lending to new high, but record losses drag on returns

Marketplace lending hit a record £3.0bn in the first half of the year, despite record loss rates in the sector, according to Link Group’s latest Marketplace...

Just Mortgages self-employed advisers grow their own businesses

Just Mortgages’ self-employed division has seen several of its advisers expand their own businesses and take on new staff, showing the success of the...

Black Friday and Cyber Monday shoppers targeted by fraudsters

One in four (25%) online shoppers have fallen victim to fraud on Black Friday or Cyber Monday, according to new research from secure payments solution...

Innovative credit card Tymit secures £4m in funding

Tymit, the new mobile enabled credit card, has secured £4 million in funding, the London headquartered firm announced today. Tymit offers customers more...

Money Advice Trust launches new vulnerability guide for car dealerships

The Money Advice Trust, has today published a new guide to support car dealership staff improve support for customers in vulnerable circumstances. The...

Nuapay and Thyngs partner to combat cashless charity challenge

Nuapay, a pioneer of open banking, announces its partnership with mobile technology platform, Thyngs, to help charities tackle the decline in donations due to...

Foundation Home Loans announce raft of two-year buy-to-let price cuts

Foundation Home Loans, the intermediary-only specialist lender, has today announced a raft of price cuts across its range of two-year buy-to-let fixed-rate...

Eligible launches broker client retention calculator

Eligible, a technology firm automating customer retention for the mortgage industry, have launched a broker client retention calculator to help brokers assess...

Oodle Car Finance Appoints Equiniti Credit Services as Standby Servicer Following £350m Securitisation

Oodle Car Finance has appointed Equiniti Credit Services (EQCS), the UK’s leading consumer credit technology and outsourced services provider, as its standby...

Over 60,000 debt solution customers gain access to financial and wellbeing benefits as Gregory Pennington and Freeman Jones join forces with Personal Group

Thousands of debt solution customers of Gregory Pennington and Freeman Jones now have access to a complete wellbeing package through a UK first partnership...

The Moving Hub partners with Charles Derby Financial Services

The Moving Hub, a leading conveyancing platform and case management system, has partnered with Charles Derby Financial Services. The partnership will offer...

Impact Specialist Finance and Harpenden BS complete on highly complex £1m residential deal

Impact Specialist Finance, the specialist mortgage broker and distributor, and Harpenden Building Society have just completed a £1 million interest only...

GMB welcome increase in London and UK Living Wage

GMB have welcomed the news that the ‘Real Living Wage’ has risen to £10.75 per hour in London and £9.30 for the rest of the UK. The figure, independently...

Air Later Life Academy & Mortgage Club announce new relationship with Care Box

Air Later Life Academy (LLA), the commercial and training organisation for later life advisers and Air Mortgage Club, the distributor for equity release and...

Motor lender empowers customers with new online portal

Car-buying customers of Specialist Motor Finance (SMF) are now being put in the driving seat when it comes to managing their repayments and getting help from...

Monmouthshire Building Society Launches New Portfolio Mortgage Range

Monmouthshire Building Society has launched a new portfolio mortgage range. Key features of the range: Landlords can mortgage multiple investment type...

Confidence in Service Providers Critical to Open Banking Adoption Says European Consumer Study from Mobey Forum & Aite Group

The overwhelming majority of consumers would prefer their main bank, as opposed to other banks or third-party providers (TPPs), to be their primary source of...

SIA: CDP Equity and FSIA complete the acquisition of the stakes of F2i, HAT, Intesa Sanpaolo and UniCredit

CDP Equity and FSIA Investimenti, a company held 70% by FSI Investimenti (in turn controlled by CDP Equity with a 77% stake) and 30% by Poste Italiane, have...

StepChange “Manifesto”

StepChange Debt Charity today publishes the key measures that it wants the next Government to prioritise to address the harm of problem debt and to help...

Second charge mortgage market reports volumes up by 20% in September

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Interim Director General of the FLA, said: “The second...

Consumer car finance market grows by 4% in September

New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer car finance market grew 4%...

Consumer finance new business grows by 8% in September

New figures released today by the Finance & Leasing Association (FLA) show consumer finance new business grew by 8% in September, compared with the same...

StepChange comments on High Court bailiff VAT error

High Court Enforcement Agencies (High Court bailiffs) have been incorrectly charging VAT on top of their fees to debtors as a result of a misinterpretation of...

Four-day week would cost the public sector billions, says CPS

At its recent party conference, the Labour Party committed to reducing average working hours to 32 hours a week – effectively creating a four-day week. A...

Almost two-thirds of landlords plan to make their next purchase within a limited company vehicle

The latest landlord research from Foundation Home Loans, the intermediary-only, specialist lender has revealed that the number of landlords planning to buy...

Foundation Home Loans announce new tie-up with Brilliant Solutions’ Mortgage Club

Foundation Home Loans, the intermediary-only specialist lender has today announced a new tie-up with Brilliant Solutions’ Mortgage Club. From today, members...

Air Mortgage Club add Nottingham Building Society to retirement lending panel

Air Mortgage Club – the distributor for equity release and later life advisers – has today announced the addition of Nottingham Building Society (known...

Milestone reached at BVRLA as membership exceeds one thousand

Royal Mail, Centrica and British Telecom’s Openreach are amongst the list of new members to join the BVRLA taking the number of organisations in membership...

Simple, Flexible Portfolio Mortgages from Monmouthshire Building Society

Monmouthshire Building Society will be launching a new portfolio mortgage range in November 2019. Key features of the range: Landlords can mortgage multiple...

Together successfully increases Lakeside securitisation to £500m

Together Financial Services Limited (“Together” or “the Group”), one of the UK’s leading specialist mortgage and loan providers, is pleased to...

Commenting on market reaction to a UK general election being called

Commenting on market reaction to a UK general election being called on the 12th December, Olivier Konzeoue, FX Sales Trader at Saxo Markets, said: “Market...

Will the 14 million Britons in poverty continue to be neglected throughout the general election campaign?

The calling of a general election on December 12th will provide the electorate with an opportunity to change the face of a parliament that leading Government...

Poor customer service at high street banks, Mitek comments

Poor customer service at high street banks is causing consumers to turn to challengers such as Monzo, a new report has found. Lower costs, ease of use and...

The Money Stats – October 2019 – Wage Growth Positivity Offset By Overall Financial Picture

Striking Numbers 2.0%: Increase in average real pay in the year to August 2019 14.3%: Increase in debt enquiries handled by Citizens Advice in September 2019...

Stephen Haddrill appointed Director General of the FLA

The Finance & Leasing Association’s Chairman and Board have today announced that Stephen Haddrill has been appointed Director General of the FLA and will...

Could a Brexit ‘flextension’ cause chaos for the UK’s personal finances?

In the past hour, European Council President Donald Tusk has said that the 27 countries that will remain in the European Union after Britain leaves have agreed...

As QuickQuid closes, where’s best for sub-prime customers to attain loans

QuickQuid, the UK’s largest remaining payday lender has revealed that it will close down, with US-based owners, Enova, stating that regulatory...

Foundation Home Loans appoint new Brand Manager

Foundation Home Loans, the intermediary-only specialist lender, has today announced the appointment of Katie Newell (previously Katie Tucker) as its new Brand...

The Nottingham unveils new range of five-year fixed rate products

The Nottingham has introduced a new product, and rate reductions, to its range of five-year fixed mortgages. In comes a 95% LTV product with a rate of 2.75%,...

OneFamily’s addition to Paradigm panel boosts lifetime mortgage product options

Paradigm Mortgage Services has today added lifetime mortgage provider, OneFamily, to its panel boosting the range of equity release product options available...

Twice as many Brits expect their financial situation to get worse rather than better in 2020

Almost one in three Brits (29%) expect their finances to get worse in the next year, while only 14% believe their financial situation will improve according a...

Air Later Life Academy training programme receives LIBF endorsement

Air Later Life Academy (LLA), the commercial and training organisation for later life advisers, has today announced its training programme has received...

Retail sales value fell in September: and retail’s white knight – e-commerce – suffered worst of all, says ParcelCompare

Today’s ONS retail sales figures reveal the amount UK shoppers spent fell -0.2% in September, and this time the new saviour of retail, online stores, fell...

Will a Brexit deal put the political chaos killing the UK’s personal finances to bed?

In the past hour, the Prime Minister and the EU have struck a deal outlining the future relationship between the UK and the European Union. With 10.5 million...

Retail sales fell in September: and retail’s white knight – e-commerce – suffered worst of all, says ParcelCompare

Today’s ONS retail sales figures reveal the amount UK shoppers bought fell -0.2% in September, and this time the new saviour of retail, online stores, fell...

Equiniti Credit Services and Credit Kudos Power Enhanced Credit Decisioning with Open Banking Partnership

Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced services provider, today announces it has partnered with FCA-authorised...

Clive Gillmore donates £3m to University of Warwick for Fintech research centre

The University of Warwick has received one of its largest donations from an individual to establish a new Fintech research centre. The £3 million donation has...

Paradigm add Swansea Building Society to lender panel

Swansea Building Society has today become the latest lender to be added to the Paradigm Mortgage Services’ lender panel. From today, members of the mortgage...

Foundation Home Loans completes fourth securitisation

Foundation Home Loans, the intermediary-only, specialist lender has announced the completion of its fourth securitisation under the Twin Bridges platform,...

UK Finance Mortgage Trends – comment

Commenting on today’s UK Finance mortgage trends, John Phillips, national operations director at Just Mortgages and Spicerhaart said: “For some time now...

Commenting on the steepest fall in UK employment in over four years

Commenting on the steepest fall in UK employment in over four years, Andy Scott, Associate Director at JCRA, said: “This morning’s employment data provides...

FCA announcement on commission is good news for the industry

Commenting on the Financial Conduct Authority’s publication today of a consultation on discretionary commission models, Adrian Dally, Head of Motor...

Foundation Home Loans launch fee-assisted five-year BTL specials

Foundation Home Loans, the intermediary-only specialist lender, has today launched three new fee-assisted five-year buy-to-let products available across both...

Paradigm add more2life to provider panel

Paradigm Mortgage Services, the mortgage services proposition, has today added more2life, the later life lender, to its panel. From today, Paradigm member...

Free Tenancy Deposit Scheme from TDS Custodial Sees 73% Growth

TDS has released its latest Annual Review, revealing an impressive 73% growth of their free Custodial tenancy deposit scheme during 2018-19 (financial...

Brexit will not impact PRS but a Right to Buy for tenants will, say lender representatives

Brexit shouldn’t have a major impact on the private rental sector (PRS) however potential changes including rental caps and the introduction of a ‘Right to...

BTL advice can be for all, say specialist lender representatives

While the buy-to-let market is moving in a more specialist direction, it should not necessarily preclude advisers from being as active as possible and...

Together successfully completes third RMBS at £332 million

Together Financial Services Limited (“Together” or the “Group”), one of the UK’s leading mortgage and specialist loan providers, is pleased to...

Shawbrook Bank poised to announce new savings products and digital proposition for UK’s small businesses

Shawbrook Bank has revealed it is set to launch a new and improved business savings proposition this autumn as it looks to build on its presence in the market...

Second charge mortgage market reports volumes up by 12% in August

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Acting Director General and Head of Consumer and Mortgage...

Consumer finance new business holds steady in August

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business held steady in August, and grew by 1% in the...

Enquiries into Hope Capital up 61% while loan numbers double

Enquiries into Hope Capital are up 61% in the third quarter this year, from July to September, compared to the previous quarter. Not only are enquiries up but...

The Right Mortgage & Protection Network announce tenth National Training Event

The Right Mortgage & Protection Network will host its tenth flagship roadshow event for members and prospective members, with registration now open. The...

Savvy.co.uk secures £20 million investment to supercharge current growth

Stockport and Wilmslow based fintech company Savvy.co.uk is to create 25 jobs after securing a £20 million investment. The funding, from London-based Cairn...

Zephyr Homeloans joins the Legal & General Mortgage Club panel

Zephyr Homeloans has been appointed to the Legal & General Mortgage Club lender panel to enable appointed representatives and authorised advisers access to...

World Mental Health Day: mental health in the workplace – comments

There is a lot of emphasis on tackling workplace mental health problems such as stress, anxiety and hopelessness when they have built up to be serious and...

Growing Appeal of UK Holiday Property Attracting Financial Advisors

Aria Resorts, a provider of holidays and investment properties around the UK, have today announced a strategic partnership with Derbyshire-based IFA firm...

Banking Circle and Konsentus crowned winners at the Emerging Payments Awards 2019

Last night, some of the most influential fintech companies gathered at the InterContinental Hotel – The O2 to celebrate this year’s movers and shakers at...

Dock9 release 2019 Mortgage Playbook

Dock9, the digital business solutions agency, has released their 2019 Mortgage Playbook, which not only sets out their vision for the future of technology in...

Collapse of Thomas Cook leaves 9,000 former employees turning to friends for cash

Following the collapse of travel icons Thomas Cook, 9,000 former employees have been left vulnerable without receiving compensation for their loss of jobs. As...

The Moving Hub added to Legal & General Mortgage Club’s SmartrRefer select conveyancing panel

The Moving Hub, a leading conveyancing platform and case management system, has been added to SmartrRefer, Legal & General Mortgage Club’s network of...

Commenting on Prime Minister’s speech at Conservative Party conference

Commenting on Prime Minister’s speech at Conservative Party conference, Artur Baluszynski, Head of Research at Henderson Rowe, said: “The speech was very...

Kensington Mortgage and Property Report – October 2019

Headlines about the UK housing market are published on a daily basis, and it is one of the most closely watched and most easily understood indicators of the...

Partnership between the Vulnerability Registration Service and Synectics Solutions to support vulnerable customers

Not-for-profit initiative, the Vulnerability Registration Service, today announces a partnership with Synectics Solutions, one of the UK’s leading data...

Paradigm Protect add APRIL UK to provider panel

Paradigm Protect, the directly authorised protection proposition, has today announced it has added protection insurance specialist, APRIL UK, to its provider...

Encompass Corporation survey reveals customer outreach is top challenge for onboarding professionals

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out a survey questioning...

Commenting on how the BofE may have to cut interest rates and employ a ‘lower for longer’ approach

Commenting on how the BofE may have to cut interest rates, Artur Baluszynski, Head of Research at Henderson Rowe, said: “Even if we avoid a no-deal Brexit,...

Fleet Mortgages announce further cuts to 75% & 80% LTV HMO & Limited Company rates

Fleet Mortgages, the buy-to-let specialist lender, has today announced further rates cuts to its 75% & 80% limited company and HMO products. Fleet has...

The Money Stats – September 2019 – The Rising Cost of Everyday Life

Striking Numbers £4.05 per day: Average per household cost of water and energy in Q1 2019 £28.16 per day: 2019 cost for a lone parent family of raising a...

Post MiFID II Financial Platform signs partnership with leading global consultancy ECA Ltd.

ReachX, a leading financial platform re-inventing access to Investment Banking services and research in a post-MiFID II environment, is pleased to announce the...

CA responds to Labour consultation on leasehold

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (26th September 2019) issued its response to the Labour...

Mansfield Building Society added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Mansfield Building Society to its lender panel. From today, Paradigm members...

OMS partners with Iress to expand mortgage sourcing options

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for mortgage intermediaries, has partnered with Iress to expand...

Housing benefits to private landlords in East of England cost government over £492 million a year

A change of policy to shift away from housing benefits to direct provision of council housing is long overdue. It will save money in the long run too, says GMB...

The issue of moving or buying a new home is a wheel that really does keep on turning – Comment

Following the UK Finance figures this morning, here’s a comment from Richard Pike at Phoebus. He says “Overall, although the full market figures were lower...

Family litigation finance specialist gears up for next level

Level, the independent lending boutique which specialises in family litigation finance, has appointed Neil Purslow as Non-Executive Director as it gears up for...

Fosters Financial join JLM Mortgage Services

JLM Mortgage Services has today announced that East Anglian advisory firm, Fosters Financial, has joined its mortgage and protection network. Headquartered in...

The Moving Hub lands award for Best Technology Based Conveyancing Firm

The Moving Hub, a leading conveyancing platform and case management system, has claimed the title of Best Technology Based Conveyancing Firm – UK in the...

Sleepless nights and stressful days: Money worries take a toll on UK workers

Worrying about money is the leading cause of stress and harm to the wellbeing of British workers, according to a major study of over 2,000 employees from...

Commenting on UK inflation falling to lowest levels since 2016

Commenting on UK inflation falling to lowest levels since 2016, Chris Towner, Director at JCRA, said: “The sun continues to shine on the British consumer as...

StepChange Reveals Record Numbers Seeking Debt Advice

New statistics published today paint a bleak picture of the scale of problem debt in the UK, revealing a record 331,337 people contacted StepChange for help...

UK Finance Figures – comments

The latest UK Finance figures reveal first time buyer mortgages were up 5.8 per cent more, homemover mortgages were 1.4 per cent up while remortgages were down...

The Moving Hub and The Property Jungle announce tech link-up

The Moving Hub, a leading conveyancing platform and case management system, has partnered with the foremost provider of bespoke and template property websites,...

Just Mortgages self-employed division expands further with the appointment of three new Area Directors

Three new area directors have joined Just Mortgages’ self-employed division as part of the company’s wider growth plans. Jonathan Phillips joined last...

New Financial Services Company Launches in York

MAPIO Financial Ltd is a brand new financial services company focusing on mortgages and insurance protection. Founded by Liz Murdie and Scott Anscomb, who have...

Foundation Home Loans launches five-year BTL fixes and cuts rates across range

Foundation Home Loans, the intermediary-only, specialist lender has today announced the launch of two new five-year buy-to-let fixed-rate products as well as a...

Consumer car finance market grows by 5% in July

New figures released today by the Finance & Leasing Association (FLA) show that point of sale (POS) consumer car finance new business volumes grew by 5% in...

Consumer finance new business grows by 4% in July

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 4% in July, compared with the same...

Stonebridge Group outlines strong half-year figures

Stonebridge Group, the mortgage and insurance network, has today (12th September 2019) announced a strong set of trading results for the first six months of...

Together Financial Services Full Year Results 2018 19

Together Financial Services Limited (‘Together’ or ‘the Group’), one of the UK’s leading specialist mortgage and loan providers, is pleased to...

More lenders will leave the market in the future, say lender representatives

There is a strong likelihood that increased competition will force more lenders out of the mortgage market in the future, along with future consolidation of...

Drooms strengthens UK sales team with senior appointments

Drooms, Europe’s leading provider of secure cloud solutions in Europe, is strengthening its presence in the UK with the appointments of Ditte Nielsen as...

Target Group strengthens board with Non-Executive Director appointment

Target Group, the business process outsourcing (BPO) and operational transformation provider, has today announced the appointment of Aileen Wallace as an...

Money Group adopts OMS System across all its brands

One Mortgage System (OMS), the seamless single-input enquiry to completion mortgage processing CRM platform for brokers, has been adopted by all of the Money...

Credit union network uses ADP

Credit union network My Community Finance has gone live with an automated decisioning platform that is set to transform its loan application process. It has...

Woodford sells major stake in Non-Standard Finance to Alchemy

Yesterday, it was announced that Neil Woodford has sold a major chunk of his stake in the struggling doorstep lender Non-Standard Finance. It has been reported...

Spicerhaart aims to raise enough money to take 15 families to Disneyland through biggest ever company-wide charity event

More than 200 Spicerhaart staff and their family and friends will be completing ‘a 5k Muddy Race’ on Sunday, September 15 to raise money for the...

Fleet Mortgages announces additional funding partnership with OWS Capital Management

Fleet Mortgages, the buy-to-let specialist lender, has today announced it has agreed a new funding partnership with asset manager, One William Street (OWS)...

Top tips to help take your finances back-to-school

The school holidays have come to an end and parents may well be reeling over the costs of supplies to kit out their children for the new school term. Indeed,...

Hinckley & Rugby for Intermediaries added to Air Mortgage Club retirement lending panel

Air Mortgage Club – the distributor for equity release and later life advisers – has today added Hinckley & Rugby for Intermediaries to its...

Just Mortgages appoints three new sales directors

Just Mortgages has appointed three new divisional sales directors to support the business’ continued growth. Peter Kendall, Mike Peet and Tony Richards, will...

Glasgow’s CarMoney appoints industry specialist Niall Cameron as its new General Manager

CarMoney, the rapidly-expanding Glasgow-based motor finance business, has significantly strengthened its executive team with the appointment of an established...

The Money Statistics August 2019

Striking Numbers -0.2%: Change in UK Gross Domestic Product in the three months to June 2019 £59,166: Average total debt per UK household in June 2019 0.3%:...

Expert comment from Huntswood – PPI deadline

As the final deadline for PPI is now just hours away, Steven Kitchen, Managing Director, Huntswood said: “With the final few hours in which customers are...

Amigo Holdings PLC Financial Results: Q1 FY20

Amigo Holdings PLC, (Amigo), the leading provider of guarantor loans in the UK, announces results for the three month period ended 30 June 2019. In the quarter...

PPI comment

As the final countdown to the PPI deadline looms tomorrow, Steven Kitchen, Managing Director, Huntswood said: “With the final few hours in which customers...

Air Mortgage Club add Mansfield Building Society to retirement lending panel

Air Mortgage Club – the distributor for equity release and later life advisers – has today added Mansfield Building Society to its retirement lending...

“The most encouraging figures for a while”

Following the latest UK Finance lending update, Richard Pike, Phoebus Software sales and marketing director, said: “These latest figures from UK Finance are...

Vision Blue open new office as they expand into news markets

Vision Blue, the Dublin-based credit technology specialist, is opening a new office in Nottingham as it expands into the personal insolvency and personal money...

Consumer car finance market falls by 3% in June

New figures released today by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 3% in June...

Consumer finance new business falls by 4% in June

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in June by 4%, compared with the same...

The Nottingham books in to support National Literacy Trust

The Nottingham Building Society’s latest chapter will see it link up with the National Literacy Trust to support their work with young people and families...

RBS/Natwest IT outage: Infosys Consulting expert comments on way forward

Following news today that RBS, NatWest, Nationwide and Tesco Bank customers were hit with yet another IT outage, leaving them unable to access accounts and pay...

Avetta Launches Marketplace

Avetta, the leading provider of supply chain risk management that connects organizations with qualified and vetted suppliers, contractors and vendors, launched...

Noble Systems to Host 2019 SNUG Conference

Noble Systems, global leader in omnichannel contact centre technology solutions, will host its 2019 Select Noble Users Group (SNUG) Conference next month at...

FCA issues warning about ‘clone firm’ impersonating National Debtline

The Financial Conduct Authority (FCA) has issued a warning about a ‘clone firm’ impersonating the free debt advice service National Debtline using the name...

UK Finance regional trends – London clearly has a huge impact on national figures, so maybe it is not all doom and gloom

Today’s UK Finance Regional Lending Trends show that while last month’s monthly stats revealed mortgage activity was down, when split by region on a...

Hanley Economic BS restructures and bolsters senior leadership team

Hanley Economic Building Society has restructured and bolstered its senior leadership team in a bid to drive positive change through its intermediary and...

Ascent announces solid financial results for 2018/19 against challenging market conditions

Ascent, a leading specialist provider of arrears management and legal services which is part of the Irwin Mitchell Group, today announced another year of solid...

Debt advice apprenticeship submitted for approval

The debt advice sector has developed a first of its kind apprenticeship qualification. The qualification Standard and End Point Assessment have now been...

OFSTED report shows Credit Services Association on right track for apprenticeships excellence

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has successfully passed the first important stage on its...

UK Credit and Collections Conference Full Programme now released with emphasis on Professional Development

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has finalised the programme for its annual flagship event...

Landlords seek u-turns on tax relief and stamp duty to help stimulate activity, Foundation Home Loans research reveals

A majority of landlords believe future Government u-turns on the increase in stamp duty payable on additional property and on the phased-in cuts to mortgage...

Brits’ Top 10 Guilty Pleasure Expenses

BRITS ARE struggling to save for the future due to overspending on guilty pleasures, including holiday travel, owning a car and making home improvements. A...

Comment on the UK Finance lending trends for June

Following the UK Finance figures this morning on the trends in June, Richard Pike, sales and marketing director at Phoebus Software, says: “Given that the...

£100m Account Freezing Orders are largest granted to NCA

The NCA has been granted freezing orders on eight bank accounts containing a total of more than £100 million, which is suspected to have derived from bribery...

Noble Gamification Mobile Named a 2019 Product of the Year

Noble Systems, a global leader in omnichannel contact centre technology solutions, announced that TMC (a global integrated media company) has awarded Noble®...

Student money: how students can save hundreds of pounds this September

In just a few weeks, thousands of students will be starting at university or college. For many young people, this is their first time away from home. Among...

Monevo announces partnership with Usave

MONEVO, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access...

Adam Oldfield joins Phoebus Software as company continues to expand in key strategic areas

Adam Oldfield has joined Phoebus Software Limited (PSL) as head of sales and account management, reporting into Richard Pike, PSL’s sales and marketing...

Paradigm add Beverley Building Society to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Beverley Building Society to its lender panel. Beverley Building Society lend...

Noble Systems to Sponsor the CX Event of the Year

Noble Systems, global leader in omnichannel contact centre technology solutions, is proud to sponsor CXS (Customer Experience Summit) on 11th September 2019 at...

Webio’s Conversational Payments – WebioPay -Wins Innovation Payments Award

Webio the Conversational Middleware Company™ in conjunction with Spreedly has won the 2019 Innovation Lab Award at the PaymentsEd Forum in San Francisco for...

Cabot Credit Management Improves Its Margins And Reduces Its Leverage In Line With Prior Commitments

Cabot Credit Management (Cabot), a market leader in European credit management services, today announced the financial results for six months ending 30 June...

Arrow Global Group: Interim Results statement

Arrow Global Group PLC (the “Company”, and together with its subsidiaries the “Group”), a leading European investor and asset manager in secured and...

Spicerhaart comment on UK Finance Arrears and Possessions

Commenting on the latest UK Finance Arrears and Possession stats which reveal possessions are up 15 per cent, Mark Pilling, managing director at Spicerhaart...

The Moving Hub recruits three national BDM’s and forms specialist in-house legal advice team

The Moving Hub, a leading conveyancing platform and case management system, has recruited three national BDM’s and formed a specialist in-house legal advice...

Increased government spending sees UK outsourcing market rebound in Q2

A rise in government spending saw the UK outsourcing market rebound in Q2 after a quiet first quarter, according to the Arvato UK Outsourcing Index. The...

BrokerSense launches buy-to-let mortgage calculator

BrokerSense, the provider of specialist mortgage calculators for brokers, is today launching the UK’s first buy-to-let mortgage calculator of its kind. The...

TriLine GRC and 1st Stop Group named as finalists in 2019 UK Credit & Collections Technology Awards

TriLine GRC and 1st Stop Group have been named as finalists in the 2019 UK Credit & Collections Technology Awards. The Awards recognise excellence and...

Monevo announces partnership with Usave

MONEVO, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access...

Late Rooms and Super Break Collapse – Comment

Commenting on the collapse of Late Rooms and Super Break, Alastair Douglas, CEO of credit experts TotallyMoney said: “If the purchase or deposit was paid...

Motor finance: a changing market

Pressure on motor finance companies looks set to see changes in the months ahead and lenders and dealers must adapt. This is the view from MotoNovo CEO Mark...

Payments Regulator demands Confirmation of Payee Systems by March 31 2020

Following the announcement by the Payment Systems Regulator that the UK’s six biggest banks must implement the Confirmation of Payee System by March 31st...

Hanley Economic BS appoint new Financial Director

Larne Payne has been confirmed as the new financial director for Hanley Economic Building Society. Larne has been with the society for over seven years after...

Consumers Thrown into Hit-or-Miss Credit Card Lottery, Latest Figures Reveal

Regulations say only 51% of people must get the rate shown — while the other 49% may get stung on interest rate, offer duration, and credit limit. Recent...

Three quarters of homeowners unable to correctly define ‘Remortgaging’: What more could lenders be doing?

New research and interactive visual map from online mortgage broker Trussle, reveals that 61% of current and soon to be homeowners in the UK don’t fully...

Avoiding the debt advice scammers

The Financial Conduct Authority has issued a warning to consumers about a “clone” firm impersonating StepChange Debt Charity using the names “Step to...

Half of Brits struggling with debt – top 5 reasons

Almost half of UK adults are currently in debt and believe the rising cost of independent living is to blame. A survey of 1,000 UK adults published in The UK...

Card Controls Could Prevent Budget Shortfall and Curb Bad Habits

Consumers are well-intentioned when building their budget, but even a nominal unplanned expense could leave UK cardholders financially constrained. Many...

First 4 Bridging gains full FCA regulated status

Specialist distributor First 4 Bridging (F4B) has achieved fully regulated status with the Financial Conduct Authority (FCA). The successful navigation of this...

Is this the new normal? Comment on the BoE lending figures for June

Following the BoE figures this morning, Richard Pike, Phoebus Software sales and marketing director, says: “The latest figures from the Bank of England show...

Gift card reward means those who plan for tomorrow can live for today

The Nottingham and funeral plan provider Dignity are providing a breath of fresh air to people who put prepaid funeral plans in place between now and 28...

Elliptic announces further senior hires as it accelerates overall growth

Elliptic, the leading provider of compliance in cryptocurrency, continues its rapid growth with the new appointments of a Vice President of Product and Head of...

Master Private Finance add Vida Homeloans to lender panel

Master Private Finance, the specialist mortgage desk exclusively for mortgage/protection network, JLM Mortgage Services’ member firms, has today announced...

Pound bounces as Boris Johnson appoints new cabinet

This week, Boris Johnson becomes leader of the Conservative party and appoints a new cabinet, with Sajid Javid, Priti Patel and Dominic Raab in top positions....

Consumer county court judgments hold steady

The number of County Court judgments (CCJs) issued against consumers in England and Wales in the first half of 2019 rose just three percent, to 586,765,...

Comment on the UK Finance lending update for June

Following the UK Finance figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “With both UK Finance and HMRC reporting a...

The Money Stats – July 2019 – “Safe As Houses”…What’s Happening in the UK Market?

Striking Numbers 0.5%: Average increase in house prices in the year to June 2019, according to Nationwide 0.80%: Average interest rate on a cash ISA in May...

What will a Boris Johnson premiership mean for Personal Finance?

Finally, after months of deliberation, we finally know that Boris Johnson has been successful in succeeding Theresa May as the next Prime Minister of Great...

Young people pick their banking partners for the future

More than two in five young people (43%) believe that high street banks will continue to process their payments in Britain of 2030 – but they also...

StepChange response to new draft FCA vulnerability guidance to firms

StepChange Debt Charity commends the Financial Conduct Authority for its thorough analysis and new draft practical guidance to firms to help them improve their...

FCA sends ‘clear signal’ for firms to do more on vulnerability

The Financial Conduct Authority has today launched a consultation on proposed new guidance for firms on the fair treatment of vulnerable customers. The...

Bristow & Sutor highlights impact of Independent Advisory Panel

Bristow & Sutor, one of the UK’s leading enforcement agencies, is hailing the impact of the Independent Advisory Panel established to oversee its...

Judgment figures fall in Northern Ireland

Both the number and total value of small claims and High Court judgments in Northern Ireland have decreased in the first half of 2019 compared to the same...

Jersey judgments fall

The number and total value of debt judgments in Jersey fell in the first half of 2019 compared to the same period 2018, according to figures released today...

A change of just £25 per week has a significant impact on over 7 million people in the UK

New research, undertaken by Opinium, on behalf of UK lender Elevate Credit, reveals that nearly half (45%) of sub-prime borrowers, equating to 7.1 million...

Phillips & Cohen Associates and Invenio Financial signal major European debt buying intent with senior appointment

Invenio Financial (Invenio), the debt purchasing subsidiary of Phillips & Cohen Associates, Ltd (PCA), is delighted to announce the appointment of the...

Leap in judgments against consumers

There were 1,160 judgments registered against consumers in Ireland during the first half of 2019 according to figures released today (July 16 2019) by Registry...

HMRC insolvency cash grab a ‘bad deal’ for UK – R3

Government plans, confirmed in today’s draft Finance Bill, are a “bad deal” for UK businesses and the taxpayer, says insolvency and restructuring trade...

Chief Executive of Collections Trade Body elected to Money Advice Group Board

Peter Wallwork, Chief Executive of the Credit Services Association (CSA), has been appointed to the Board of the Money Advice Liaison Group (MALG). His...

Trade body for debt collection industry wins skills development award at best practice awards

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industry, has been recognised with a Skills Development Award by...

Red card: Time to blow the final whistle on the sub-prime card debt trap

Around four million people have a sub-prime credit card (defined as cards with an interest rate APR of 30-70%). New research published by StepChange Debt...

Brits care more about online payment security than convenience

British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and...

Half of Brits struggling with debt – rising cost of home ownership to blame

Almost half of UK adults are currently in debt and believe the rising cost of independent living is to blame. A survey of 1,000 UK adults published in The UK...

Conveyancing Association launch template letter to secure LPE1 information

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today launched a redrafted Leasehold Template letter for firms to...

Kuflink becomes Southampton FC’s Official Peer to Peer Investment Partner

Kuflink today announced a new commercial partnership with Southampton FC. Narinder Khattoare, Kuflink CEO commented: “As an ambitious fintech, we’re...

Leading Debt Recovery Company’s Global Award!

A world-leading debt recovery agency based in North Wales has gone one better – by winning an even more prestigious financial industry award than last year!...

Equiniti ICS gains approval for Government’s G-Cloud 11 framework

Equiniti ICS, the leading provider of case and document management solutions for the public sector, is delighted to announce that it has been approved as a...

The Money Stats – June 2019 – UK Incomes Struggle As Recent Rises Peter Out

Striking Numbers -5.5%: Change in the average real wage since the pre-crash peak in February 2008 £2,653: Average credit card debt per household in April 2019...

The Right Mortgage identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2019 report

The Right Mortgage has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain 2019. The report is a celebration of the...

Money and Pensions Service event calling on banking trades to promote customer wellbeing

In a report released today, the Money and Pensions Service (MaPS) is calling on the retail banking sector to consider that: Improving customers’ financial...

John Phillips on UK Finance stats – a shift away from remortgage to purchase was bound to happen sooner or later

John Phillips, national operations director at Just Mortgages and Spicerhaart said: “These latest figures from UK Finance continue the shift we saw from the...

StepChange responds to FCA consultation on mortgage prisoners

StepChange Debt Charity – including StepChange Financial Solutions, the charity’s mortgage arm – today responded to the Financial Conduct...

Government Breathing Space announcement – R3 response

Duncan Swift, President of insolvency and restructuring trade body R3, responds to today’s announcement that the Government is moving ahead with plans to...

Cabot Credit Management Continues to Enhance its High Standards of Customer Service with a New Professional Training Programme

Cabot Credit Management has enhanced its already high standard of customer service by launching a new professional Institute of Customer Service (ICS) training...

Fleet Mortgages appoint two new BDMs

Fleet Mortgages, the buy-to-let specialist lender, has today announced the appointment of two new business development managers (BDMs). Jacqui Simmons joins...

The FCA Motor Finance Review: what should dealers be doing now?

In their recent report on motor finance, the FCA made clear that they would be consulting with the industry on long term changes to the market – and that...

Phillips & Cohen launches upgrade to Estate-Serve digital solution

Phillips & Cohen Associates, Ltd. (PCA), the international deceased account management specialist, servicing creditors in the US, Australia, New Zealand,...

Enforcement industry responds to Treasury plans for debt breathing space

The trade association representing the civil enforcement industry has responded to the Treasury announcement that a debt breathing space will be introduced in...

Breathing Space scheme “a game-changer” for people struggling with debt

The Money Advice Trust has welcomed the final details of the government’s new statutory Breathing Space scheme, published today by HM Treasury. The...

Government’s 60-day Breathing Space Welcomed by Credit Services Association

Peter Wallwork, Chief Executive of the Credit Services Association (CSA), welcomes the announcement by Government to introduce a 60-day breathing space for...

Government Breathing Space announcement – R3 response

Duncan Swift, President of insolvency and restructuring trade body R3, responds to today’s announcement that the Government is moving ahead with plans to...

Poor exchange rates and high fees cost Britons £640m on holidays in Europe last year

New research by credit experts TotallyMoney reveals Brits lost £640m on their holidays in Europe last year due to high transaction fees and poor exchange...

NGDATA enables marketers to design and deliver data-driven, individualised campaigns in minutes, not weeks

NGDATA today announces a new platform that transforms marketers’ ability to tailor campaigns to individual consumers, enabling them to set up data-rich,...

Hanley Economic BS expands intermediary support team

Hanley Economic Building Society has expanded its dedicated intermediary support team with the addition of Kate McKeon as an Intermediary Sales Assistant. The...

CreditEnable a winner in Inaugural ‘Inclusive Fintech 50’ Competition

CreditEnable, the integrated market place that connects SMEs and Banks, has won a place in the inaugural, 2019 ‘Inclusive Fintech 50’ Competition....

Credit card providers slow cuts to interest-free terms

The latest quarterly Moneyfacts UK Credit Card Trends Treasury Report, which studies the UK personal finance market (Unsecured Personal Loans, Credit Cards and...

Newbury Building Society join Equity Release Club retirement lending panel

Newbury Building Society has today become the latest lender to join the Equity Release Club’s retirement lending panel. Members of the Equity Release Club,...

The Moving Hub and Acquaint CRM announce strategic partnership

The Moving Hub, a leading conveyancing platform and case management system, has announced the formation of a strategic partnership with Acquaint CRM. This move...

Increased focus on vulnerability ‘must lead to action’ from energy industry

The Money Advice Trust has today welcomed Ofgem’s new draft Consumer Vulnerability Strategy, which provides a strong focus for the energy industry on how to...

Cybera Survey Finds Retailers Struggling to Balance Customer Experience Demands with Essential IT Security Needs

A new survey by Cybera, the leader in SD-WAN Edge application and security services, has found that retailers are struggling to balance the challenges of...

Lenders need to keep a close eye on borrowers who have spread themselves too thin

The latest Mortgage Lenders and Administrators Statistics from the Bank of England show that arrears are down but the number of high LTVs are up as is high...

Millennial myth busting: what do they really want from lenders?

Millennials, a generation of digital natives that grew up amid the fastest period of technological change in history are, according to new independent...

Just Mortgages offers brokers exclusive digital and social media solution

Just Mortgages is to offer all its employed and self-employed brokers a complete digital and social media solution to help boost lead generation. The new...

BTL product numbers at their highest since October 2007

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, shows that the number of buy-to-let (BTL) products available, currently 2,396 products,...

Broker Conveyancing announces significant investment in people with ongoing recruitment drive

Broker Conveyancing, the broker-focused conveyancing distributor, has today announced a significant increase in resource investment in the business with...

FCA bans fixed overdraft fees under new banking reforms

This morning the Financial Conduct Authority (FCA) has made the bold decision to stop banks and building societies from charging customers more when they...

Consumer car finance market falls by 2% in April

New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer new car finance market...

Consumer finance new business holds steady in April

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in April was at a similar level to the same...

Overdraft changes a welcome ‘step in the right direction’

The Financial Conduct Authority (FCA) has today announced changes to the way banks charge for overdrafts. The new rules include stopping banks from charging...

StepChange response to FCA overdraft rules

Today the Financial Conduct Authority has followed through on its commitment to introduce wide-ranging reform of overdrafts. Around half of StepChange clients...

New face at LendingMetrics

A new Project Manager has joined LendingMetrics, the specialist credit risk and collections platform provider. Katey Watkins, who has a background in telecoms...

Gatehouse Bank added to Paradigm provider panel

Paradigm Mortgage Services, the mortgage services proposition, has today (4th June 2019) added Gatehouse Bank to its provider panel. Gatehouse Bank offers a...

Credit Card Confusion: A Recent Survey Unveils Ten Myths That Could Be Leaving You Out of Pocket

TotallyMoney’s annual Financial Awareness Survey asked a nationally representative sample of 2,000 UK adults a range of questions putting their personal...

It is a good time for people to move up, or down, the ladder – Comment on the Bank of England mortgage lending figures

Following the BoE figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “It appears from the Bank of England figures this...

Equity Release Club add Family Building Society to lender panel

Equity Release Club, the distributor for equity release and later life advisers, has today announced that Family Building Society is the latest lender to be...

Energy firms ‘under the spotlight’ to urgently improve support for vulnerable customers

The Money Advice Trust has welcomed calls from The Commission for Customers in Vulnerable Circumstances, launched last year by Energy UK, for immediate action...

Expanding car finance firm welcomes new senior manager

Specialist Motor Finance has announced the appointment of Jim Cowell to the senior role of business development manager with the company. Jim joins...

EU settlement scheme has only 31,000 Scottish applicants

New figures published today by the Home Office show that only 31,400 EU citizens have applied for settled status in Scotland, out of about 200,000 EU citizens...

Open banking: Threat or opportunity?

Redefining banking in a financial services market where your biggest competitor may be Amazon or Google, not a traditional bank. Open banking may not have made...

Fiduciam closes €5.5 million loan in Spain, taking loan volume in Spain to over €10 million in May

Fiduciam, the institutionally funded and pension-fund owned marketplace lender, has just completed on a €5.5million loan in Spain in just three days. This...

The Money Stats May 2019 – Average UK Credit Card Debt Could Take Over Quarter of a Century To Repay

Striking Numbers 26 years and 9 months: Time to pay off average credit card debt making only the minimum payment each month 19.87%: Average credit card...

Generation Z are more likely to want personal advice according to a report from Target Group

Generation Z is the cohort most likely to seek out personal advice when it comes to buying a financial product, according to a new report by Target Group, the...

Comment on the UK Finance lending update for April

Following the UK Finance lending update this morning, Richard Pike, Phoebus Software sales and marketing director, said “The correlation between the gross...

Effectiveness of banking regulation

As the Danske Bank money laundering investigation sees charges brought, Neil Williams of business crime solicitors Rahman Ravelli argues that the effectiveness...

Amigo: Unaudited financial results for the year ended 31 March 2019

Amigo, the leading company in the UK guarantor loans market, today announces its maiden preliminary results for the year ending 31 March 2019. Key points Amigo...

Prudence in the driving seat as buyers under-borrow

Cautious car buyers are no longer “maxing-out” on their borrowing ability, and are increasingly choosing vehicles priced below the amount of the...

Scrapping section 21 could just exacerbate problems in the BTL sector

Mark Pilling, managing director at Spicerhaart Corporate Sales said: “The government announced last week that it will consult on legislation to abolish...

Revamp targets knowledge gaps

OpenBanking and auto-decisioning technology provider LendingMetrics has unveiled a new-look website to fill what it says are giant OpenBanking knowledge gaps....