The host of Christmas past: celebrations cancelled as households look to save money

The cost of living crisis threatens the Christmases of 11m Britons as concerns over energy prices prompt them to cancel or abandon plans.1 According to smart...

House prices: first glimpse of mini-budget carnage, with more horror to come

House prices fell 1.4% in a month – the biggest monthly fall since June 2020. They’re up 4.4% in the year to October – down from 7.2% in September....

Money means more than health and family to over-50s

Having enough money is more important to the majority of the UK’s over-50s than their health or spending time with their families, a new survey has revealed....

IncomeMax and Vanquis partner to launch messenger service helping customers in financial difficulty maximise their income

IncomeMax has partnered with Vanquis, part of PFG, to launch a new online platform to offer customers digital access to one-to-one, expert advice to help...

Households feeling pinch as consumer credit remains supressed – BoE

“Consumer credit volumes remained suppressed in October with the £800m of new borrowing well below the previous six-month average of £1.3 billion. “This...

There are still opportunities in the market – comment on the BoE money & credit figures for October

“A fall in mortgage approvals and an increase in consumer credit shows that housing has fallen down the list of priorities as the rising cost of living...

The Money Stats – November 2022 – Consumers Turn Away From Traditional Credit As Interest Rates Continue to Climb

While evidence shows that many people are turning to credit in order to pay for essentials, concerns are growing that consumers may be diversifying which forms...

GetAgent Ranked 36th Fastest Growing UK Tech Company

Estate agent comparison site, GetAgent.co.uk, has been ranked amongst the UK’s 50 fastest growing technology companies in the prestigious 2022 Deloitte UK...

Home sellers forced to slash prices as buyers head for the hills: Zoopla

11% of homes have had their price cut by more than 5% since September, and one in four (25%)  have had some sort of cut over this period. Demand has plummeted...

30- and 40-somethings in the danger zone – especially after mortgage hikes

81% of people in their 30s and 40s are worried about the cost of living – compared with 76% overall. 51% of them are spending less on food and essentials...

eConveyancer launches partnership with The Right DA Club

eConveyancer has launched a panel management partnership with The Right DA Club. The agreement will provide Directly Authorised brokers working for The Right...

Austerity Christmas – Brits facing the grimmest December since WWII need to plan ahead, says ParcelHero

This Christmas is set to bring back memories of World War II. Some items, such as turkeys and eggs, are being rationed because of bird flu and an authoritarian...

Wage growth lags behind inflation for more industries and students feel the pinch

Wage growth in professional and scientific (such as legal services, management, engineering and scientific research) sat at 10.1% between July-September 2022....

Ofgem claims energy suppliers are failing vulnerable customers

In light of today’s news of Ofgem claiming that energy suppliers are failing struggling customers, Jayne Gardner, Partner at Shakespeare Martineau said:...

Comment on HMRC property transactions

Following the latest release of the HMRC monthly property transaction figures, Simon Webb, managing director of capital markets and finance at LiveMore, said:...

Signs of the market slowing – comment on the HMRC property transactions for October

Following the latest HMRC property transaction figures this morning, Richard Pike, Phoebus Software’s chief sales and marketing officer, says: “The...

Home sales steady: but looming storm set to sink the market

Property sales (non-seasonally adjusted) were 110,850 – up 29% in the year to October. This needs to be seen in the context of the fact that September...

Today’s FCA Credit market study could offer vital help to borrowers

Commenting on the FCA’s credit information study released this morning, Emma Steeley, CEO of Freedom Finance, one of the UK’s leading digital lending...

32% of Britons say their bank isn’t doing enough to support them with the cost of living

A new independent survey of 2,000 UK adults has revealed how the cost of living is shifting the bank-customer relationship. It found: Over half (54%) are...

David Finlay joins LiveMore

Mortgage veteran David Finlay has joined LiveMore Capital as an executive consultant and member of the senior executive team. Finlay has been brought in on a...

The Autumn Statement will usher in an Austerity Christmas, warns ParcelHero

Chancellor Jeremy Hunt’s Autumn Statement has gone some way to reverse the collapse in investor and consumer confidence created by previous Chancellor Kwasi...

Autumn Statement – “missed opportunity” to “reform outdated Consumer Credit Act”

“Today was a missed opportunity. Five months ago, the government announced its commitment to reform the outdated Consumer Credit Act, which has been on the...

StepChange reacts to Autumn Statement

StepChange Debt Charity has reacted to the Chancellor’s Autumn Statement. The measures announced to support households in receipt of means-tested benefits...

Relief for some but ‘serious challenges remain’ for millions

In response to today’s Autumn Statement, the Money Advice Trust has welcomed the Chancellor’s commitment to increase benefits with inflation and provide...

Refuge responds to Chancellor’s Autumn Statement

“We are pleased to hear that the Chancellor has decided to raise Universal Credit and other ‘legacy’ benefits in line with inflation in...

Stamp duty shock is another headache for buyers

Jeremy Hunt announced that the stamp duty cut would be reversed in 2025. At that point, the nil rate threshold will be cut from £250,000 to £125,000. The nil...

Just Mortgages comments on Autumn Statement

“The budget may seem like a non-event where the housing market was concerned with stamp duty and planning remaining the same. However, it was arguably just...

Monitoring customer vulnerability must now move higher up the agenda

Following the chancellor’s Autumn Statement and the news of significant tax rises and spending cuts, Andrew Gething, managing director of MorganAsh said:...

Comment on the Chancellor’s announcement on Universal Credit

The Chancellor has announced that 600,000 more people on Universal Credit will need to meet with a work coach. Melanie Wilkes, Head of Research at the Work...

Council tax hikes set to send average above £2,000

The Chancellor announced that councils can raise tax by 5% without holding a referendum (3% plus an additional 2% if they have social care responsibilities)....

Energy bills set to hit £3,000 a year

The current energy price guarantee scheme will continue from April – at the higher level of £3,000 a year. There will be additional lump sums: £900 for...

Autumn Statement’s impact on consumers and businesses – comment

“We welcome the action from the Chancellor to protect people on benefits and state pensions, but the reality is that thousands of people up and down the UK...

Market Report: UK Autumn Statement in focus while mixed US retail picture drags down stocks

Inflation still causing jitters as retail sales in US indicate rate hikes not yet denting overall consumer appetite. Price spiral and high interest rates is...

Access FS grows 80% in one year

Leading mortgage and protection broker, Access Financial Services, has grown broker numbers by 80% so far this year.  This incredible statistic for the...

Selina Finance launches new homeowner loan and minor adverse products

Selina Finance has enhanced its product offering, introducing its new Homeowner Loan and a Status 1 adverse plan alongside its existing flexible Home Equity...

1.7 million Brits forced to borrow from high-cost lenders to pay off existing loans prompting fears of UK debt crisis

1.7 million people across the UK are borrowing from high-cost lenders in order to pay off existing debts, according to research from responsible lender,...

Three quarters of brits concerned about financial future with millions looking to bolster their income with side hustles

New research commissioned by Herbalife Nutrition has revealed that nearly half of Brits (45%) say that paying their bills is currently their biggest personal...

Increasing mortgage costs swallow 27.9% of household income – up 3.1% since last rates hike

The latest research by property purchasing specialist, House Buyer Bureau, has revealed that increasing mortgage rates are now likely to see the average annual...

An estimated £82.7bn worth of rental properties thought to be occupied by fraudsters

Market analysis from Ocasa, the specialist rental platform, reveals that almost 280,000 UK rental properties, with a combined market value of £82.7 billion,...

Earnings increase while unemployment drops

The latest statistics released today by the ONS on earnings and unemployment show that: The rate of annual pay growth for total pay was 6.0%, and the annual...

MagiClick appointed by Precise Mortgages to enhance digital customer journey

MagiClick has been appointed by Precise Mortgages, (part of leading specialist bank OSB Group) to create and deliver a website designed to enhance and improve...

Remortgagers driving forecasted lending increase in 2022 as homebuyer demand drops

The latest market analysis by mortgage experts, Revolution Brokers, has revealed that despite recent turbulence following a string of base rate increases, the...

Just Mortgages welcomes biggest ever broker academy intake

National brokerage Just Mortgages is set to welcome its biggest ever academy intake in November, with 23 applicants starting their journey to become fully...

Energy costs forcing people to change the way they live, Hodge research shows

New research from specialist lender Hodge has found 88% of British householders are concerned about the rising cost of energy. And, when asked if they have...

Loughborough Building Society extends criteria to include lending on flats

Loughborough Building Society has extended lending criteria across its residential, buy-to-let and shared ownership product range with the addition of flats to...

Access FS academy success continues to fuel exponential growth

Mortgage and protection broker, Access Financial Services (Access FS), is about to run its next academy to help bring new people into the mortgage industry. ...

RICS: House prices fall in the South East as market grinds to a halt

House price growth stalled in October – after rising for 28 months in a row. In some areas, prices were falling – including the South East and East Anglia....

Consumer finance new business grew by 4% in September 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 4% in September 2022 compared with...

Money – Is it still the family taboo?

With the cost of living crisis, rising interest rates and proposed tax changes, our personal finances are currently a topic of daily public debate. Why, then,...

American Express adds nine cards to Freedom Finance’s growing credit card marketplace

Freedom Finance, one of the UK’s leading digital lending marketplaces and embedded finance providers, is adding nine credit cards offered by American Express...

Halifax HPI: Third price fall in four months as confidence drains

In October, prices were down 0.4% in a month to an average of £292,598. This is the third drop in four months. It’s also the biggest since February 2021....

NewDay BondCo plc – Group results for the nine months ended 30 September 2022

NewDay, a leading digital consumer credit business in the UK, has today released its financial results for the nine months ended 30 September 2022 and its...

One in six UK adults have no savings

Nine million people across the UK have no savings and another five million have less than £100, according to new research from the Money and Pensions Service...

More than a quarter of landlords plan to sell properties

Brokers say that more than a quarter of their landlord clients plan to sell properties as a result of the current Buy to Let environment, according to research...

Comment: What does the increase in interest rates mean for interest free credit?

Yesterday’s news from The Bank of England raising interest rates by 3% will have a huge impact on consumers, especially as costs continue to rise and...

StepChange responds to FCA’s report outlining treatment of borrowers in financial difficulty following pandemic

StepChange Debt Charity supports and recognises the themes picked up in today’s key findings report from the Financial Conduct Authority on borrowers in...

Rising costs and increased interest rates creating a “perfect storm”

The Bank of England Monetary Policy Committee has today voted to increase interest rates to 3 percent, a rise of 0.75 percentage points. Research recently...

BoE – Reaction from Mintago

“The fact that today’s interest rate decision comes in the midst of Pension Awareness Week should not be understated. In the current climate of raging...

BoE – Biggest Hike in 33 Years – Reaction

“The hikes are getting bigger. This is the single largest rise in interest rates since October 1989 and it will have devastating consequences for both...

Comment on BoE MPC decision

Following the Bank of England’s decision to raise interest rates for the eighth time in a row from 2.25% to 3.0%, John Phillips, national operations director...

Rate hike adds to mortgage pain for homeowners

Today’s Bank of England rate hike, a 0.75% increase which takes the base rate to 3%, places mounting pressure on homeowners coming to the end of their...

Base rate rise – comment

“We were expecting a base rate rise of 0.75%, the biggest rise in 33 years, taking it to 3%, a rate last seen back in November 2008. “This year we have...

Comments on rate rise

Following the Bank of England’s announcement of a 0.75% rate rise today, StepChange Debt Charity says that mortgage holders on variable rates, and those...

Is it the only weapon in the Bank’s arsenal? – comment on the BoE interest rate decision

Following the interest rate decision today, Richard Pike, Phoebus Software chief sales and marketing officer, says “Today’s increase may be the biggest...

Consumers paralysed by “application anxiety” after credit declines

Millions of people in the UK are suffering from “application anxiety” following a declined credit application according to new research from Freedom...

Two thirds of consumers will happily invest or save money through a company that isn’t a bank, new survey reveals

Zurich – additiv, a leading embedded finance provider, today publishes the results of a recent survey in a new, in-depth report: Understanding the...

New members join MaPS Advisory Group

The Money and Pensions Service (MaPS) has appointed two new people to its Advisory Group. Bernie Hickman, Chief Executive of Legal & General Retail and...

The Rishi Effect Yet to Reassure Britons, With 80% of UK Adults Still Lacking Financial Confidence, After New PM’s First Week

As Rishi Sunak completes his first seven days in office, new research has revealed that only one-in-five British people feel more confident about their...

Rental market boom on the horizon as homebuyers continue to struggle with rising mortgage costs

The latest research by Alliance Fund, the end to end real estate fund, suggests that should the property market continue to stutter, the nation’s rental...

Agents still selling up to a fifth of stock every month

The latest gauge of property market performance by estate agent comparison site, GetAgent.co.uk, has revealed which postcodes are home to the most impressive...

What does the changes to the US open banking regulation mean for open banking/open finance internationally?

“At the recent Money 20/20 event, Rohit Chopra, Director of the US Consumer Financial Protection Bureau (CFPB) made a speech discussing the US’s aim to...

MorganAsh and Moneyhub join forces to address vulnerability and Consumer Duty

MorganAsh, the leading support services provider, and Moneyhub, the market leading Open Finance, Open Data, and payments platform, are working together to...

Countrywide Surveying Services creates innovative new surveyor role

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has created a new surveyor role – Residential...

eConveyancer partners with In Partnership

eConveyancer has launched a panel management partnership with In Partnership, which incorporates The On-Line Partnership Limited and The Whitechurch Network...

Access FS launches letter campaign to help counteract estate agents undercutting brokers

Access Financial Services has launched a support campaign to give brokers the tools to fight back when estate agents put pressure on home buyers to use their...

Freedom Finance partners with Experian to add new brands to the UK’s widest panel of unsecured lenders

Freedom Finance, one of the UK’s leading digital marketplaces for consumer credit, is delighted to announce that it has integrated its platform with...

Credit Union membership grows to record levels

A further 28,000 people in the UK became members of a Credit Union in the year to Q2 2022, taking the overall membership of Credit Unions to a record 1.94...

Borrowing levels remain high as relentless squeeze on budgets continues

The Bank of England has today published its latest Money and Credit figures showing consumer credit grew at 7.2 percent in September 2022, up from 7.1 percent...

Comment on BoE Money and Credit – Credit card spending collapsed in September after several months of strong growth

“Credit card spending collapsed in September after several months of strong growth, reflecting plummeting consumer confidence. With average quoted household...

Cost of living remains most commonly cited cause of debt among StepChange clients in September

Once again, September saw the cost of living being the most commonly cited reason for debt among new StepChange clients, with more than one in five (22%)...

House prices to fall 5% (Zoopla): should you put off a purchase?

House prices are likely to fall 5% in 2023, according to Zoopla. This would only wipe out eight months of growth (13 months in London and 6 months in Wales)....

Charity calls for urgent intervention in cost-of-living crisis as council tax arrears almost triple as high in the North than South of England

A financial education charity, The Centre for Financial Capability, is today calling on the Government to intervene in the growing cost of living crisis, as...

49.7% More People Want Interest Free Credit Cards This Year

New research by money.co.uk has confirmed a 49.7% rise in consumers looking to get interest free credit cards this year, likely due, in part, to the cost of...

Specialist bank appoints ESG director

A specialist business bank, celebrating its fifth anniversary, has appointed its first ESG director. Graham Reynolds, who has more than 30 years’ experience...

Mortgage Climate Action Group to host Green-focused buy-to-let webinar

The Mortgage Climate Action Group has today announced it will be hosting a new Green-focused buy-to-let webinar for the intermediary community. The webinar,...

Rising Household Bills Drive Financial Resilience Epidemic for UK Consumers

Consumers seeking to reduce essential bills by cutting back on energy usage are nonetheless facing serious impairment to their financial resilience levels,...

Talk Money Week 2022: Elifinty, Impact on Urban Health and Fair Money Advice call for ‘less talk, more action’ on transforming management of consumer debt

Ahead of Talk Money Week 2022, ethical fintech Elifinty, along with its partners Impact on Urban Health (IoUH) and Fair Money Advice, is calling on credit and...

Rent growth exceeds 2% for the second quarter in row, says The DPS

Average UK rents rose by more than two per cent for the second quarter in a row during Q3 2022, according to The Deposit Protection Service (The DPS). The...

Larger portfolio landlords most likely to experience growth and maximise BTL opportunities

A webinar poll undertaken by Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, highlighted that larger...

Jifiti Launches B2B BNPL Functionality, Augmenting its Robust White-Labeled BNPL Platform

Jifiti, a leading fintech company, announced today the launch of its business-to-business (B2B) BNPL solution. Any bank, lender and merchant that caters to...

FCA: Millions of financial lives lie in ruins

One in four people are in financial difficulty – or would be if they suffered a financial shock. 4.2 million people had missed bills or loan payments in at...

Sales fall by a third, but house sales horror is yet to come

Property sales (non-seasonally adjusted) were down 32% in a year in September, but it’s not what it seems, because they were very similar to the previous...

Investors can still access competitive finance, says Hertfordshire finance brokerage

The mortgage market has largely been reported to be in a ‘state of chaos’ over the last few weeks, across both personal and specialist markets following...

Cost of credit cards and personal loans continue persistent growth

Analysis of the latest Bank of England figures1 from Freedom Finance, one of the UK’s leading digital lending marketplaces, shows that rates on all major...

Stamp duty paid by homebuyers skyrockets by 62.6% in the last year

Research by estate and lettings agent, Barrows and Forrester, has shown that the sum of tax receipts paid to HMRC as a result of stamp duty spiked by 62.6%...

“No let-up in sight” for millions of households as inflation rises again

The latest UK Consumer Prices Index (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 10.1 percent in the twelve...

OnLadder appoints marketing consultant

OnLadder has announced the appointment of David Swallow as a consultant to the business. David joins OnLadder with over 30 years’ experience in the...

Gambling needs more holistic management to reduce harm when it causes debt, new research suggests

Gambling treatment and support services need to dovetail better with debt advice, to ensure that recovery pathways for people affected by gambling harm are...

Countdown is on with two weeks to go until first Consumer Duty deadline

With just two weeks to go until the first deadline for the FCA’s new Consumer Duty, wellness specialist MorganAsh has developed a suite of must-have...

Just Mortgages comments on ‘mini-budget’ reversal

Following the announcement from the chancellor Jeremy Hunt of a reversal of many of the ‘mini-budget’ pledges, John Phillips, national operations director...

U-turns put us back where we were – Comment on the Chancellor’s statement

Following the Chancellor’s speech this morning, Richard Pike, Phoebus Software’s chief sales and marketing officer, says “They say “a week is a long...

Hunt Statement – Energy Price Guarantee Scrapped – Reaction

“The rolling back of the energy price guarantee from two years to a mere six months is a huge blow to millions of Britons. People will simply be unable to...

Paradigm announced as next host of Power of 8 webinar series

Paradigm Mortgage Services, the mortgage services proposition, has today announced it will be hosting a Power of 8 webinar on the rapidly changing mortgage...

Firms turn to tech and data to solve Consumer Duty woes as 38% admit limited knowledge of new legislation

Firms are overwhelmingly turning to technology in order to surface data and insights that solve the challenge set by the FCA’s new Consumer Duty according to...

People borrowed 20% more from pawnbrokers in the past year as cost-of-living crisis bites

The value of loans taken out from pawnbrokersas jumped 20% in the past year, with lending increasing from £144m to £174m says Mazars, the international...

Paradigm Protect add Cirencester Friendly to panel

Paradigm Protect, the directly authorised protection proposition – which is part of Paradigm Mortgage Services, has today added Cirencester Friendly’s...

Market on the turn, as buyers pack up and go home: RICS

Buyer numbers fell for the fifth consecutive month in September. Agents said they expected prices to fall over the next 12 months. Agreed sales fell for the...

UK mortgage broker industry to be worth £2 billion by 2025

According to the latest research specialist property lending experts, Octane Capital, the UK’s mortgage brokerage market is estimated to increase in value by...

FICO UK Credit Card Market Report: June-August 2022

FICO’s report of UK card trends for summer 2022 (June-August) paints a picture of inconsistent consumer behaviour which will be challenging for lenders to...

Biding our time for ‘fiscal clarity’ – GDP comment

Following the ONS estimate for GDP this morning, Richard Pike, Phoebus Software chief sales and marketing officer, says: “August already seems a long time...

Paradigm Protect launch new PMI proposition to member firms

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

Foundation Home Loans announces reprice of residential mortgage range

Foundation Home Loans, the intermediary-only specialist lender, has today announced the repricing of its full residential mortgage range for both purchase and...

Flexible workspace provider, beyond, ramps up support for SMEs amid cost-of-living hardship

Six months since successfully launching flexible workspace in London’s Aldgate Tower, beyond has launched a cost-saving initiative to make office space more...

The Right Mortgage & Protection Network celebrate 40 years of financial services for CEO at their latest flagship event

The Right Mortgage & Protection Network hosted over 350 advisers as they returned to the National Conference Centre for their second flagship event of the...

Consumer finance new business up 14% in August

Consumer finance new business grew by 14% in August 2022 compared with the same month in 2021. In the first eight months of 2022, new business was 21% higher...

Consumer finance new business grew by 14% in August 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 14% in August 2022 compared with the...

IE Hub has teamed up with Inbest to add benefits checks and social tariff functionality to the IE Hub platform

Currently, in the welfare sector, there are almost 8mn households that are missing £16bn in means-tested benefits. The most common reason for people missing...

Over half of FCA regulated firms have no plans in place ahead of critical Consumer Duty deadline end of October

Businesses are in danger of failing to embrace the opportunity that the upcoming Consumer Duty regulation presents and may not be compliant due to a failure to...

Access FS frees 70% of a broker’s time with administration services

Mortgage and protection broker, Access Financial Services (Access FS), has today launched a new administrative service for its brokers. The service which has...

Eight in 10 people will stop saving money this year due to rise in cost of living

Eight out of 10 people (81%) say they will stop saving money this year due to the demands of the current cost of living, research shows. A study from...

One in two people struggling to keep up with essential bills – triple the pre-pandemic number

A new survey by YouGov for StepChange Debt Charity finds that 45% of all British adults – equivalent to 23 million people – have found it difficult to keep...

Smart Money People’s H2 2022 Mortgage Lender Benchmark open for intermediary feedback

Smart Money People, the leading customer review and insight website, has opened its doors for intermediary feedback to be compiled for its H2 2022 Mortgage...

UK Institute of Customer Service Index (UKCSI) Benchmarking Performance – MotoNovo Finance Delivers a ‘Stellar’ Result

The UKCSI is the UK’s largest cross-sector customer benchmarking study engaging with over 10,000 customers who created 45,000 responses across thirteen...

Over one in five Brits suffer from mental health issues due to their financial situation

Credit management company Lowell has conducted research[1] into the financial hardships facing Brits in 2022. More than a quarter (27%) of Brits don’t have...

Mortgage costs see second largest annual cost increase behind energy bills

The monthly cost of repaying a mortgage has seen the second largest annual spike, with just energy bills increasing at a greater rate according to the latest...

Mumsnet teams up with Chetwood Financial to launch new family-focused financial services

UK digital bank Chetwood Financial has today announced a new partnership with parenting forum Mumsnet, with plans to launch a new family-focused financial...

OnLadder appoints James Bishop as it prepares for launch

OnLadder has announced the appointment of James Bishop as a consultant to the business. He joins the start-up as it seeks authorisation from the Financial...

Continued rise in borrowing a sign of growing challenges households face

The Bank of England has today published its latest Money and Credit figures showing consumer credit continued to grow at 7 percent in August 2022.  The annual...

Access FS protection panel exceeds 20 providers

Mortgage and protection broker, Access Financial Services (Access FS), has exceeded twenty protection providers on its panel with the addition of its latest...

Major Interventions Unable to Steer UK Away From Recession

While significant steps from the government have led to inflation rates finally relenting, they have still failed to relieve concerns of the UK being on the...

House prices stalled even before mortgage chaos hit: Nationwide

The Nationwide House Price Index showed house price growth slowed to 9.5% in September – down from 10% in August. There was no growth recorded at all in...

Gareth Thomas joins Hodge as new chief people officer

Gareth Thomas has joined Hodge’s Executive team as its chief people officer. Gareth is the former director of people and organisational development at...

Mumsnet teams up with Chetwood Financial to launch new family-focused financial services

UK digital bank Chetwood Financial has today announced a new partnership with parenting forum Mumsnet, with plans to launch a new family-focused financial...

Effective creditor communication key to helping consumers in financial difficulty, says StepChange

A new report from StepChange Debt Charity and Amplified Global™ using the lived experiences of people in debt highlights the crucial role communications from...

More vulnerable people forced to turn to loan sharks as cost-of-living soars

Soaring energy, food and fuel prices have forced 1.2 million UK adults (2%) to turn to unscrupulous loan sharks in the last 12 months, new research from...

Housing market heat to remain as autumn spike in sales and sold prices looms

The latest research by estate agent comparison site, GetAgent.co.uk, suggests that while summer has well and truly ended, the property market is set to keep...

New chief of staff Anita Maclean appointed to drive Monument Bank’s progress around company goals

Monument Bank Limited has announced the appointment of Anita Maclean as Chief of Staff, effective on Monday 26th September 2022. In her new role, Anita will...

Consistency is the watchword for broker’s searches in August reveals criteria tracker

As the financial world is increasingly in turmoil and the UK is gripped by the perfect storm of high inflation, a cost-of-living crisis and a changing...

MorganAsh readies financial advisers for Consumer Duty with MARS system upgrades

The team at MorganAsh has announced further upgrades to its new adviser tool to help businesses better manage and evaluate consumer vulnerability. As...

Number of available rental homes falls by 40%

Research from Ocasa, the specialist rental platform, reveals that Britain’s rental stock has declined by more than 40% in the past three years leaving the...

FLA statement on Chancellor’s Growth Plan

Commenting on the Chancellor’s Growth Plan, Stephen Haddrill, Director General of the FLA, said: “The Government’s commitment to growth and investment is...

Conveyancing comment on mini-budget from ONP Group

Following the chancellor’s ‘mini-budget’ this morning and the announcement of changes to stamp duty, Nick Hale, ONP Group CEO, says: “The cut in stamp...

Just Mortgages comments on changes to stamp duty – mini-budget

As the Chancellor Kwasi Kwarteng announces a permanent change to stamp duty as part of his ‘mini-budget’, John Phillips, national operations director at...

Reaction to mini-budget

StepChange Debt Charity has reacted to the Chancellor’s mini-budget. The measures announced today leave financially vulnerable households continuing to face...

Good news that housing is firmly on the government’s agenda – comment

“The SDLT reform announced today is something that the industry has been crying out for.  To hear the word ‘permanent’ means that we no longer have to...

Mini-budget a “missed chance” to help those on the lowest incomes

The Money Advice Trust has called today’s fiscal event a “missed chance” to help address the immediate challenges people on the lowest incomes are facing...

Rising interest rates and cost-of-living crisis to end reign of Buy Now, Pay Later

A catastrophic combination of surging living and energy costs, alongside a looming economic recession has highlighted the severity of Britain’s debt...

StepChange reaction to rate rise

StepChange Debt Charity says that, for the one in seven new clients to the charity who are mortgage holders, the prospect of a rise in mortgage rates on the...

Cost of consumer credit ratchets up again in August

Analysis of the latest Bank of England figures find that quoted household interest rates on consumer credit continued to rise in August amid an economic...

Landbay launches partnership with 2plan wealth management

Landbay has today launched a partnership with wealth management firm 2plan, whose financial advisers with mortgage permissions will now have direct access to...

Comment on the HMRC property transactions

Following the HMRC property transactions stats this morning, Richard Pike, chief sales and marketing officer at Phoebus Software, says “Once again the...

Second-charge mortgages increasingly popular option for prime borrowers, says Evolution Money Tracker

Evolution Money, the second-charge lending specialist, has today (21st September 2022) revealed the latest results from its quarterly data tracker, which...

10 million now behind on bills, as households face impossible choices

One fifth of UK adults are already behind on one or more household bill, and one in nine have gone without food as a result of rising costs, according to new...

Virgin Money appoints Sarah Wilkinson as Chief Operating Officer

Virgin Money has announced the appointment of Sarah Wilkinson as Chief Operating Officer. Sarah will join Virgin Money from Thomson Reuters, where she is the...

First 4 Bridging rebrands to Envelop

Packager First 4 Bridging (F4B) and the F4B Network has today (Tuesday 20 September) announced a full rebranding of the businesses and will now be known as...

Comments on today’s ONS retail sales figures for August

“With shoppers challenged by inflation, the rising cost of living and falling consumer confidence, the drop in retail sales volumes in August by 1.6% was...

High demand for advice as Just Wealth client referrals up 300%

Just Wealth, the financial advisory arm of national broker firm Just Mortgages, has seen a surge in demand for financial advice with client referrals up 300%...

House price growth doubles, but is not what it seems: ONS

Average house prices were up 15.5%  in the year to July – almost twice the 7.8% rise in the year to June. The is the highest annual inflation rate since...

Onus of responsibility for lenders now – comment

“Even though we are seeing the cost of fuel coming down on forecourts across the country, everything else is becoming more expensive.  The Prime...

Relief for millions but “serious damage already done” by soaring bills

The Money Advice Trust has welcomed the Government’s announcement of support to tackle high energy bills for households and small businesses but has warned...

Consumer car finance new business volumes fell by 3% in July 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in July 2022 by 3% compared...

Consumer finance new business grew by 11% in July 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 11% in July 2022 compared with the...

StepChange reaction to energy price support measures

StepChange Debt Charity is pleased to see that the Government is reducing the immediate financial stress facing households through an additional intervention...

Parents twice as likely to have borrowed more and to be behind on bills: ONS

The ONS has published an article on parenting and spending – looking at overall spending before the cost-of-living crisis and some of the changes since:...

Recognise Bank Hires Bridging Specialist

SME lender Recognise Bank has appointed experienced BDM Andrew Keehner as its latest Relationship Manager, with a specific focus on bridging finance. Keehner...

Halifax HPI: market only looks rosy in the rear-view mirror

In August, house prices were up 11.5% in  year, and the average price hit a record £294,260. They were up 0.4% in a month – bouncing back from falls in...

Algoan bets on its responsible BNPL solution to penetrate and win the UK market

Now that it dominates the French instalment payment industry (Oney, Alma, Pledg, etc.), Algoan is targeting the United Kingdom with its Payment Scoring...

eConveyancer launches panel management partnership with Moray Group

eConveyancer has launched a new panel management partnership with Moray Group in Scotland. Moray Group includes multiple brands in the Scottish property...

OMS & Dashly announce collaborative integration

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for advisers, has announced a collaborative integration with...

Stonebridge adds Connect for Intermediaries to further strengthen both its referral and packaging panels

Stonebridge, the national mortgage and insurance network, has today added Connect for Intermediaries to both its referral and packaging panels. The new...

Announcing the launch of Fluro

Today sees the launch of Fluro as an institutionally-funded embedded lender. The brand represents a new name and an ambitious refreshed strategy for Lending...

Paradigm adds Even to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of Even to its lender panel. From today, Paradigm member...

Membership of Credit Unions and loan volumes both set new highs

Membership of Credit Unions continues to rise amid a growing hunt for affordable credit products as the cost of borrowing rises sharply and the cost-of-living...

The Conveyancing Association announce PEXA UK as new Affiliate member

The Conveyancing Association (CA) – the leading trade body for the conveyancing industry – has today announced PEXA, a digital platform for transacting...

Conveyancing Association seeks industry views on conveyancing process

The Conveyancing Association (CA) – the leading trade body for the conveyancing industry – has today launched a new survey of all conveyancing firms...

House prices set to rise by another £14,000 before the end of the year

Market analysis from London lettings and estate agent, Benham and Reeves, shows that – despite the wider economic backdrop – house prices could...

Atom bank accredited to the new iteration of the Recovery Loan Scheme

Atom bank, the UK’s first app-based bank, has been accredited to the latest iteration of the Recovery Loan Scheme (RLS) by the British Business Bank, and...

Cost of living pressures continue to drive new clients to StepChange

New StepChange clients are increasingly citing the cost of living as their main reason for debt. In July, 20% of clients who completed full debt advice said...

BoE credit card borrowing – set to spike ahead of energy bill hike as borrowing becomes more expensive

“Although credit card borrowing actually dipped slightly in July, it has been increasing over the last 12 months at the fastest rate since 2005 – plus...

Card debt surge at 17 year high, and fixed rate savings flood: Bank of England

Credit card borrowing is up 13% in a year – the fastest rate of growth for 17 years (since October 2005). Savings into fixed-rate accounts rose to £2.8...

Comment on BOE Money and Credit data

“Mortgage lending remains steady with an increase in gross lending but net borrowing is down slightly. This shows a slowdown in people taking out mortgages...

The pendulum is swinging – Comment on the Bank of England’s money & credit figures for July

“The resilience of the housing market against the current economic backdrop is becoming par for the course, but how sustainable this is remains to be seen. ...

Rise in borrowing a further sign of relentless pressure on household finances

The Bank of England has today published its latest Money and Credit figures showing consumer credit growth rose 6.9 percent in July 2022.  The annual growth...

Comment on today’s Bank of England Money & Credit stats.

“Despite predictions of doom and gloom the housing market once again performed strongly with net borrowing in July only decreasing slightly from June and...

Majority of Brits aren’t confident in managing their money due to the cost of living crisis

New research from specialist lender Hodge has found that four out of five (80%) respondents aren’t confident in managing their money at the moment –...

Ofgem: “Rising energy prices detrimental to SME owners”

“The latest energy price cap increase is a fresh blow to the thousands of small business owners already at breaking point. SMEs are feeling the crippling...

Price cap mechanism is no longer fit for purpose – comment

“The energy price cap was meant to protect consumers from being charged extortionate amounts for their bills. However, today’s hike makes clear that the...

Households facing “no-win scenario” as energy price cap rises to £3,549

Ofgem has today announced that its energy price cap will increase to £3,549 from 1st October, an increase of 80 percent compared to April’s level. More than...

StepChange reacts to new energy price cap

Reacting to the news that the average household energy bill will rise to £3,549 in October, StepChange Debt Charity says that lower income households already...

Comment on energy cap rise – role of lenders

“With record high inflation, wage stagnation and exponential rise in the cost of living, this latest price cap rise will be the straw that breaks the...

The Money Stats – August 2022 – Consumer Spending Patterns In Upheaval

Soaring inflation, driven by the increasing costs of many of the most essential, day-to-day expenditure items for UK households, is causing significant shifts...

Foundation Home Loans ranks in top 10 lenders for buy-to-let

Foundation Home Loans, the intermediary-only specialist lender, has entered the industry’s top 10 buy-to-let lenders for the first time. It has also...

The Money and Pensions Service announces appointments of new non-executive directors

The Money and Pensions Service (MaPS) has announced the appointments to its Board of four new non-executive directors. Marlene Shiels, Monica Kalia, Sara...

LiveMore and Connect for Intermediaries link up

Connect for Intermediaries is the latest distribution partner to join forces with LiveMore as the lender continues in its mission to expand mortgage lending...

Comments on today’s ONS retail sales figures for July

“Retail sales volumes rose in July (by 0.3%) as consumers enjoyed the start of the summer and maintained spending ahead of an autumn of energy price rises...

Impact Specialist Finance launch limited distribution buy-to-let range via MT Finance

Impact Specialist Finance, the leading specialist packager and distributor, has launched a brand-new buy to let mortgage range via MT Finance. This range is...

Wrexham-based Chetwood Financial named on Wales Fast Growth 50

Wrexham-based Chetwood Financial has been named on the 2022 Wales Fast Growth 50 list. The list celebrates the 50 fastest-growing firms in the Welsh economy....

eConveyancer launches partnership with Intra Private Finance

eConveyancer has launched a panel management partnership with Intra Private Finance. The agreement will provide brokers working for the Directly Authorised...

Paradigm further supports Scottish intermediaries by adding Scottish Building Society to panel

Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of Scottish Building Society to its lender panel. From...

Stock Funding Levels Surge at MotoNovo Finance

The demand for MotoNovo Finance’s distinctive Supplier Direct Funding service continues to gain momentum. A record performance in July fuelled an...

StepChange responds to new inflation data

New data from the Office for National Statistics (ONS) shows that the Consumer Price Index (CPI) rose to 10.1% in the twelve months to July, up from 9.4% in...

Situation set to get “far harder” as inflation soars and energy price hike looms

The latest UK Consumer Prices Index (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 10.1 percent in the twelve...

Crystal Specialist Finance continues expansion with BDM hire

Crystal Specialist Finance has continued to grow headcount by announcing a further recruit to the sales team. Jodie Worswick joins from Santander where she was...

eConveyancer launches partnership with Connect

eConveyancer has launched a panel management partnership with Connect IFA and Connect for Intermediaries. Established in 1998, Connect offers a full range of...

Summer season pushes asking prices off the end of the pier: Rightmove

The Rightmove House Price Index found that the average asking price dropped to £365,173 in August – down 1.3%. New listings are up 12% on a year earlier...

LiveMore appoints new head of sales and restructures

LiveMore, the leading provider of interest only mortgages to the over 50s, has appointed a new head of intermediary sales as it restructures for future growth....

Paradigm partner with Twenty7tec to provide technology benefits to member firms

Paradigm Mortgage Services, the mortgage services proposition, has today announced a further commitment to helping its member firms benefit from the adoption...

Ensuring the right borrower outcomes – comment

Following the UK Finance arrears and possessions figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “Although the...

Bidding wars give way to more cheeky offers: RICS

Half of agents say average selling prices are no longer coming in above asking prices for properties worth up to £500,000. Sellers with properties costing £1...

Conveyancing Association launch Find an Expert service via website

The Conveyancing Association (CA) – the leading trade body for the conveyancing industry – has today (10thAugust 2022) launched a new ‘Find an...

LiveMore partners with Positive Lending

LiveMore’s distribution continues to increase following a new partnership with Positive Lending. Specialising in mortgage lending for the 50 to 90+ age...

PayPoint and Love2shop collaboration creates new solution to providing life’s essentials for the financially vulnerable

Digital payment expert, PayPoint, is expanding its range of solutions available to help local authorities financially support the most vulnerable people in...

Hargreaves Lansdown appoints Richard Caldicott as Financial Advice Director

Hargreaves Lansdown announces the appointment of Richard Caldicott, as Financial Advice Director, to head up the HL Financial Advice proposition. Richard has...

Together announces appointment of new Head of Clubs and Networks

Specialist lender Together has today announced the new appointment of Nick Parker as Head of Clubs and Networks. Nick will be responsible for the strategic...

OMS and Connect renew tech agreement

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has announced that Connect for Intermediaries has...

Recession on the horizon as BoE hikes rates to 1.75%

The Bank of England Monetary Policy Committee has raised rates 0.5% to 1.75%. It’s the biggest one-month rise since 1995. It’s the highest rate for...

Interest rate rise to add to worries of homeowners

The Bank of England Monetary Policy Committee has today voted to increase interest rates to 1.75 percent. Jane Tully, director of external affairs and...

StepChange says rate rise adds to cost of living woes for people experiencing debt

StepChange Debt Charity comments that today’s announcement by the Bank of England of a half percentage point rate rise is yet another pressure point for...

BoE is committed to its path of using interest rates to curb inflation – comment

“There are two schools of thought when it comes to raising interest rates to curb inflation.  One is that high inflation is bad and something needs to be...

Comments on today’s Bank of England interest rate decision

“By announcing the highest rate rise in 27 years to tackle 40-year high inflation, the Bank of England has shown its teeth and an unwavering desire to...

Consumer finance new business in H1 grows by a quarter v 2021

Data from the FLA today shows that consumer finance new business grew by 7% in June 2022 compared with the same month in 2021, reaching £9.8 billion. In the...

Consumer car finance new business volumes fell by 12% in June 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in June 2022 by 12% compared...

Consumer finance new business grew by 7% in June 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 7% in June 2022 compared with the...

Sonovate announces new partnership with Demica as it continues to redefine embedded finance for the contingent workforce

Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, today announced a new partnership with Demica, the...

Recognise Bank appoints Jean Murphy as CEO

Recognise Bank, the digital SME lender and savings bank, has appointed Jean Murphy as Chief Executive Officer (CEO). Jean brings over 25 years of experience of...

LiveMore joins Sesame and PMS lender panels

LiveMore has been appointed by Sesame Bankhall Group to its 100-strong lender panel, enabling Sesame Network and PMS Mortgage Club members to access mortgages...

NewDay – Group results for the six months ended 30 June 2022

NewDay, a leading digital consumer credit business in the UK, has today released its financial results for the six months ended 30 June 2022 and has published...

Moneyhub boosts senior team with Mastercard and TransUnion alumni

Moneyhub, the market-leading Open Data and payments platform, has today announced the hire of Product Director, David Firth. David comes to Moneyhub from...

Zephyr Homeloans adds The Money Group (TMG) to its key partner panel

Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced that it has added The Money Group’s (TMG’s) network to its key partner...

Paradigm launch ‘Summer School of Marketing’ to support advisory businesses

Paradigm Mortgage Services, the mortgage services proposition, has today launched a brand new ‘Summer School of Marketing’ to support advisory businesses...

Rise in borrowing a sign that pressure is beginning to tell for many households

The Bank of England has today published its latest Money and Credit figures showing consumer credit growth rose 6.5 percent in June 2022. The annual growth...

Businesses face ‘significant work ahead’ to comply with FCA’s new Consumer Duty

“The FCA’s new Consumer Duty aims to improve the retail financial market, provide a higher standard of consumer protection, but still drive...

For the first time, rising cost of living cited as most common reason for debt in June

For the first time, June saw the rising cost of living being the most commonly cited reason for debt among StepChange Debt Charity clients, with nearly one in...

BoE Money and Credit stats for June – commentary

“With much of the population still on fixed rates for their utility bills or mortgage payments, not everyone’s personal finances will feel the full brunt...

Increased Credit and Debt Reliance Fuelled By Record Cost of Living Increases

Worrying signs show a rapidly escalating reliance from UK households on credit and debt, in order to make ends meet in the face of record cost of living...

Heatwave cools off conveyancing enquiries, according to new data

As UK temperatures soared last week, conveyancing enquiry levels dropped, according to new statistics from a leading outsourced communications provider. Data...

Countrywide Surveying Services appoints Regional Director

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced the appointment of Mandy Spenceley as...

PIMFA welcomes extension of the Consumer Duty implementation timeline

PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, has welcomed the Financial...

New Consumer Duty rules necessitate CCA reform

Commenting on today’s publication of the New Consumer Duty policy statement by the Financial Conduct Authority, Fiona Hoyle, Director of Consumer and...

Second Charge Specialists Evolution Money Launch Digital Transformation with their New Nivo Powered App

Specialist second charge lender Evolution Money has partnered with fintech leaders Nivo to launch a new digital journey for customers and adviser introducers,...

Comment from Neil Kadagathur, CEO Creditspring on FCA Consumer Duty

“UK households have been in desperate need of added protections in the cost of living crisis so the Consumer Duty is hugely welcome news. The crisis is...

eConveyancer launches panel management partnership with Wesleyan Financial Services

eConveyancer has launched a new panel management partnership with Wesleyan Financial Services. The agreement gives Wesleyan advisers access to...

New Consumer Duty must do more for victims of economic abuse

The Financial Conduct Authority (FCA) has confirmed plans to release its new ‘Consumer Duty’ which sets expectations for financial firms’ standards of...

StepChange says FCA consumer duty will create valuable cultural shift

StepChange Debt Charity warmly welcomes the FCA’s confirmation of its final approach to implementing the new Consumer Duty that will enshrine in regulation...

Hargreaves Lansdown comment on FCA’s Consumer Duty

“We welcome the FCA’s intention to use the consumer duty to create more flexibility for firms to compete and innovate in the interests of consumers.  This...

Stonebridge and Mortgage 1st extend partnership with new long-term deal

Stonebridge, the national mortgage and insurance network, and Mortgage 1st, the Derbyshire-based mortgage advice firm, have today announced a renewed...

Stonebridge and Mortgage 1st extend partnership with new long-term deal

Stonebridge, the national mortgage and insurance network, and Mortgage 1st, the Derbyshire-based mortgage advice firm, have today announced a renewed...

HMRC Property Transactions – comment

Following today’s HMRC figures on UK property transactions, Mortgage and protection broker, Access Financial Services CEO Karl Wilkinson said, “The...

Together Financial Services – Together prices its largest ever MBS

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

By Maximising Discounts People Can Fightback Against Inflation

One of the more unusual sources of potential savings for consumers comes from leading motor finance provider MotoNovo Finance. The business’...

“Worst yet to come” with inflation hitting lowest incomes hardest

The latest UK Consumer Prices Index (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 9.4 percent in the twelve...

Money Advice Liaison Group (MALG) celebrates 35th anniversary with launch of Ambassador programme

Money Advice Liaison Group (MALG), the not-for-profit membership organisation with the aim of ‘working together to improve the lives of people in debt’,...

Record fall in regular wages after inflation – and things are getting worse

After inflation, real pay (including bonuses) fell by 0.9% and regular pay (excluding bonuses) was down 2.8%. It’s a record drop in real wages. Before...

Asking prices boom, but that’s only half the story: Rightmove

Asking prices are up 9.3% in the year to July to a record £369,968, according to Rightmove. Buyer demand is down 7% in a year – but it’s still 26% higher...

‘A chance to transform lives’: Government urged to prioritise financial inclusion in £880m Dormant Assets distribution

Dormant Assets funding to be released by Government must continue to prioritise supporting people in financially vulnerable circumstances, urges Fair4All...

Open Banking Post-Pandemic Growth Driven by Digital Acceleration

Open Banking adoption is growing, driven by the rapid digitisation of finance – according to the data from global information and insights company,...

Half a million people supported by StepChange in 2021

StepChange Debt Charity guided, advised or supported more than half a million people last year, according to the charity’s impact report for 2021, published...

Conveyancing Association reveal results of 2022 Lender Survey to improve mortgage and conveyancing process

The Conveyancing Association (CA) – the leading trade body for the conveyancing industry – has today announced a number of results from its 2022 Lender...

Stonebridge launches new functionality to help advisers close the UK’s £2.4 trillion protection gap

Stonebridge, the national mortgage and insurance network, has launched new functionality in its wholly-owned trading platform, Revolution, that will help...

Cost of borrowing jumps again for major consumer credit products – latest Bank of England data

The latest Bank of England household interest rate figures1 reveal the cost of borrowing continued to increase in June across consumer credit products...

Access FS launches exclusive tie with Vitality to help new advisers

Mortgage and protection broker, Access Financial Services (Access FS), has agreed an exclusive tie with Vitality in order to strengthen its training of brokers...

Octopus Real Estate added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today announced the addition of Octopus Real Estate to its lending panel. From today,...

Retailers benefit from credit surge after faster ever start to a year for store credit sector

Analysis from Freedom Finance, one of the UK’s leading digital lending marketplaces, finds that the retail store and online credit sector experienced its...

Where the cost-of-living crisis is hitting hardest

Right now, across the UK, only half of people have enough money left at the end of the month. In 12 months’ time, in most areas this will fall to around one...

Freedom Finance appoints Emma Steeley as CEO as Brian Brodie moves to Chairman

Freedom Finance, one of the UK’s leading digital lending marketplaces, is delighted to announce that Emma Steeley will be joining the company as CEO,...

Countrywide & SDL training academies raise over £3,600 in Route 66 Charity Challenge

Members of the training academies of Countrywide Surveying Services (CSS), suppliers of valuation panel management services, and SDL Surveying, the national...

FICO Named Best Technology Provider for Data Analytics

Global analytics software provider FICO® was named the Best Technology Provider for Data Analyticsat the 2022 Credit Awards, presented at a black-tie dinner...

UNO Digital Bank builds on AWS

MANILA, Philippines — Today, Singapore-headquartered financial technology company UNOAsia announced it has built the UNO Digital Bank in the Philippines in...

Consumer finance new business grew by 20% in May 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 20% in May 2022 compared with the...

StepChange responds to new FCA and MoneyHelper research

New research from the FCA and MoneyHelper has revealed that many people in financial difficulty are missing out on vital support due to a range of factors...

Paradigm add Stafford Railway Building Society to panel

Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of Stafford Railway Building Society to its lender panel....

25,000th Trustpilot Review for “Excellent’ MotoNovo Finance

Reviews are an integral part of the car buying process for most consumers as they assess the cars and dealers they are considering. Anything that can enhance a...

Barclays UK CEO Matt Hammerstein new chair of MaPS Advisory Group

Matt Hammerstein, CEO Barclays UK, is now Chair of the Money and Pensions Service’s Advisory Group, effective from 1 July 2022, taking over from Vim Maru,...

OMS partners with Step One Finance

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has partnered with second charge specialist lender...

Access to support “becoming more urgent” as borrowing levels remain high

The Bank of England has today published its latest Money and Credit figures showing consumer credit growth remained at 5.7 percent in May 2022. The annual...

Payl8r calls for open banking to become a legal requirement for credit assessing the affordability of loans to borrowers

Millennial buy now, pay later (BNPL) finance firm, Payl8r, is calling for the adoption of open banking as a legal requirement for credit assessing in the same...

StepChange calls for pause on UC deductions for Government debt during CoL crisis

Suspending deductions from Universal Credit for Government debt would help plug the gap caused by the shortfall between the Government’s support measures and...

The Money Stats – June 2022 – Heavy Wage Falls Exacerbate Steepling Cost of Living

Wages falling at record levels are pushing ever more people into financial distress as living costs continue to skyrocket, according to the June 2022 Money...

Rising Interest Rate, Inflation Forecast and FCA Calls for Care

Spiralling inflation, which is set to continue into the Autumn with utility prices set to rise, saw affirmative action by both the Bank of England and FCA...

Just Mortgages launches panel management partnership with eConveyancer

Leading national broker firm, Just Mortgages has launched a new panel management partnership with eConveyancer to complement the existing offering of its...

Comments on today’s ONS retail sales figures for May

“The latest figures from the ONS show that retail sales volumes fell by 0.5% in May 2022 with food store sales down by 1.6% from the previous month as retail...

Paradigm Protect add LV= GI product range to panel

Paradigm Protect, the directly authorised protection proposition – which is part of Paradigm Mortgage Services, has today added the LV= range of General...

BNPL regulation: comment from Robert Flowers, CEO and Founder of DivideBuy

“DivideBuy welcomes and strongly advocates for the UK government’s plans for formal regulation of the $3.7 billion Buy Now Pay Later (BNPL) industry....

StepChange welcomes Committee of Advertising Practice enforcement on misleading IVA and PTD ads

Following a series of earlier Advertising Standards Authority rulings against misleading advertisements and websites by Insolvency Practitioners and lead...

New current account to improve financial inclusion for East Midlands communities

One of the UK’s fastest-growing financial co-operatives has partnered with Engage, the community banking-as-a-service division of Contis-Solaris, to launch...

Comment on Treasury announcement of intention to regulate BNPL

“As one of the UK’s leading credit reference agencies, it’s good to see that the Treasury and FCA are moving in the right direction on regulation of the...

PSR sets out the details for its work on card fees

Today, the Payment Systems Regulator (PSR) sets out its plans showing how it proposes to carry out two market reviews focusing on card fees. One looks at...

Hodge launches whitepaper on how cost of living crisis is affecting financial planning

Hodge has released an in-depth survey into how the rising cost of living is affecting the everyday spending and saving habits of people in the UK. The study...

BNPL regulation plans not enough – comment

In response to the government’s announcement today on BNPL regulation, Neil Kadagathur, CEO and Co-Founder of Creditspring said: “While the proposed...

Consumer car finance new business volumes fell by 1% in April 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in April 2022 by 1% compared...

Consumer finance new business grew by 21% in April 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 21% in April 2022 compared with the...

Firms still failing to capture information on vulnerable customers – comment

Following the statement from the FCA on vulnerable customer, Andrew Gething, managing director of Morgan/Ash, said: “The findings of the Financial Conduct...

Countrywide Surveying Services gains ISO27001 approval for 10th consecutive year

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has successfully been approved for continuation of...

UK Finance response to government announcement on reforming the Consumer Credit Act

Responding to the government’s announcement that it commits to reform of the Consumer Credit Act, David Postings, Chief Executive of UK Finance, said: “We...

Money Advice Trust comments on interest rate rise and FCA intervention

The Money Advice Trust has warned of additional pressures facing mortgage-payers in the wake of today’s Bank of England’s rate rise to 1.25%, as the Bank...

HM Treasury agrees to reform the Consumer Credit Act

Stephen Haddrill, commenting on the news that HM Treasury has agreed to reform the Consumer Credit Act (CCA): “This is a great result. We have campaigned for...

Connect for Intermediaries becomes first network to offer its brokers SmartrFit+ tool

Connect for Intermediaries has become the first network to provide its brokers with access to Legal & General Mortgage Club’s SmartrFit+ tool. Connect...

Crystal Specialist Finance expands team

Crystal Specialist Finance (CSF) has further strengthened its sales function with three new hires. Mollie Rising joins as Business Development Manager for...

Wages fall at fastest rate for a decade: gulf grows between public and private sector

After inflation, regular pay, excluding bonuses is down 2.2%. It hasn’t fallen faster than this for over 10 years (Sept-Nov 2011). Strong bonuses meant that...

Two years of turmoil forces a change of plans

47% of people say they’ve had to change their financial plans as a result of everything that’s happened over the past two years. Some have suffered...

Mat leave propels new mothers into debt

It takes women more than two years to bounce back financially after having a baby, leaving many fearful about their own financial security and nearly a quarter...

Impact Specialist Finance added to Paradigm

Impact Specialist Finance, the leading specialist packager and distributor, has been added to the packager panel of Paradigm Mortgage Services, the mortgage...

Payl8r grows as rival Klarna cuts 10% of staff

Online millennial finance firm, Payl8r, has seen an 334% increase in lending over the last 12 months as Klarna cuts its workforce by 10%. Payl8r, the UK’s...

Cost of living increase puts financial strain on 86% of rental households

Research by London rental platform, Rentd, has revealed that rental cost increases have contributed to a strain on household finances for 86% of UK tenants,...

OMS in API integration with Pepper Money for second charge business

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has completed a full API integration with Pepper...

Seconds activity continues to grow amongst prime borrowers says latest Evolution Money Tracker

Evolution Money, the second-charge lending specialist, has today launched the latest iteration of its quarterly data tracker, which reviews borrower types,...

MotoNovo Appoint New Head of Partnerships & Transformation

MotoNovo Finance has appointed Matt Lucas to the business’ newly created position of Head of Partnerships. The new role underlines MotoNovo’s...

CHL Mortgages added to finova lending panel

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has been added to the lending panel of finova Payment and Mortgage Services. This...

400th surveyor graduates from Countrywide Surveying Services training academy

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has now seen over 400 surveyors graduate from its...

UK Finance analysis shows effect of cost-of-living pressures on mortgaged households

UK Finance releases its latest Household Finance Review which reports on trends in household spending, saving and borrowing during the first quarter of 2022....

Mind the advice gap: when advice doesn’t add up

Only around half of people said they would consider taking financial advice (51%). 29% of people said they wouldn’t take advice because it was too expensive....

The Right Mortgage & Protection Network launch their brand-new Trust Hub

The Right Mortgage & Protection Network have launched an informative and content rich new Trust Hub following on from their content surrounding Writing...

Conveyancing Association launch 2022 Lender Survey to improve mortgage and conveyancing process

The Conveyancing Association (CA) – the leading trade body for the conveyancing industry – has today announced the launch of its 2022 Lender Survey to...

Motor finance solutions for deployed service personnel

The Finance & Leasing Association (FLA), the National Franchised Dealers Association (NFDA) and the Ministry of Defence (MOD) are today launching a new...

Jaja commits to increasing its workforce by 40% before the end of the year

Jaja Finance (“Jaja”), the online digital credit card provider, is bucking trends by committing to a 40% increase in its workforce before the end of the...

BoE Mortgage and Credit Card data: comment

The Bank of England announced today that net borrowing of mortgage debt by individuals decreased to £4.1 billion in April (down from £6.4 billion in March),...

Cost of living pressures continue to drive new clients to StepChange

New data for April from StepChange Debt Charity shows that the cost of living is now the second most commonly cited reason for debt, up from the third most...

“Ominous signs” as borrowing levels continue to rise

The Bank of England has today published its latest Money and Credit figures showing consumer credit growth increased to 5.7 percent in April 2022 from 5.2...

The Money Stats – May 2022 – Surprise Fall In Average Utility Spend Shows UK Consumers Already Facing Tough Spending Choices

With prices across the board rising at their fastest rate in 40 years, the challenge for UK consumers to stay on top of their money is forcing many to have to...

One in 20 cut asking price: house price growth set to slow to 3%

Zoopla forecasts that price growth will slow from here, and at this rate, growth will fall to 3% by the end of the year. Price reductions are on the rise: 1 in...

BuildLoan launches short-term borrowing solution for self and custom builders

Self and custom build finance specialist BuildLoan has created a short-term mortgage for builders who need to fund the construction of their self or custom...

StepChange Financial Solutions wins Best Equity Release Broker at Mortgage Strategy Awards

StepChange Financial Solutions, the mortgage and equity release advice subsidiary of StepChange Debt Charity, won the Mortgage Strategy award for Best Equity...

Money Advice Trust welcomes scale of cost of living support

The Money Advice Trust has welcomed today’s announcement from the Chancellor of more support for households struggling with rising living costs. Jane Tully,...

StepChange reaction to Chancellor’s cost of living support package

Commenting on the new measures announced today, StepChange Debt Charity Director of External Affairs Richard Lane said: “The additional £650 of support to...

Comment on the Chancellor’s cost of living announcement

“It’s welcome that the Chancellor has finally introduced new measures to help people through the cost of living crisis. The one-off payment of £650 to low...

TransUnion Celebrates Completion of Challenge90 with Colleague Wellbeing Festival

TransUnion, a global information and insights company, marked the completion of its Challenge90 fundraising with Leeds United for Yorkshire Cancer...

Monthly mortgage repayments now cost a third of earnings

With cost of living and interest rates on the rise while house prices are through the roof, specialist property lending experts, Octane Capital, has calculated...

Cost of living crisis: Industry reaction

Following today’s news that grocery price inflation has hit the highest level in 13 years as households struggle to pay bills, Mohit Paul, Chief Revenue...

Pretty encouraging, given the economic outlook – Comment on the HMRC Property Transactions for April

Following the HMRC figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “The non-seasonally adjusted figures today show...

Adult membership of Credit Unions in the UK rises to highest ever level

Analysis from Freedom Finance, one of the UK’s leading digital lending marketplaces, finds that membership of Credit Unions has risen to an all-time high,...

Fintech lender Creditspring raises £48m to boost its mission to improve financial stability across the UK

Fintech lender, Creditspring, today announces that it has raised £48 million to supercharge its mission of improving financial stability across the UK. The...

Graduates take on more debt than someone without a degree – comment

New research from Equifax reveals students who take out a student loan to fund a degree are nearly twice as likely to take on more debt after graduation as...

Almost three quarters made new habits during the pandemic – over 90% have kept at least one of them

71% of people picked up at least one new habit during the pandemic. The most common habits we picked up over the past two years were eating out less, going out...

Comments on today’s ONS retail sales figures for April

“The latest figures from the ONS show that retail sales volumes rose by 1.4% following a fall of 1.2% in March 2022, as consumers made the most of the good...

Money Advice Trust training recognised with City & Guilds Assured Quality Mark

The Money Advice Trust has today announced that a number of its training programmes across both its vulnerability training and consultancy and Wiseradviser...

Will the Bojo mortgage fill the Help to Buy hole?

Research by estate agent comparison site, GetAgent.co.uk, has revealed how the Mortgage Guarantee Scheme (MGS), or Bojo Mortgage, has so far fared and how this...

Yooz Announces Company Veteran Laurent Charpentier as CEO

Yooz, a leading purchase-to-pay (P2P) automation provider, today has announced that former COO/CIO Laurent Charpentier has been appointed global CEO of Yooz,...

Agency Models Will Drive Change in Used Car Retailing

With BMW understood to be the latest manufacturer set to embrace an agency model approach to new vehicle distribution, it is, as MotoNovo Finance’s...

Dutch Fintech in3 raises $85.3 million series B round and announces partnership with Mollie

Eindhoven, Netherlands – in3, a Dutch ‘Buy-Now-Pay-Later’ (BNPL) fintech has today announced a $85.3m Series B funding round from the British...

Record inflation should “raise the alarm” on need for action on household bills

The latest UK Consumer Prices Index (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 9 percent in the twelve months...

StepChange comments on inflation: “a driver of debt”

With the Office for National Statistics today confirming that annual inflation reached 9% in April, the Bank of England expecting it to reach 10% later this...

Splitit launches an innovative Installments-as-a-Service platform and announces OCM as the first merchant to fully adopt the technology

NEW YORK – Splitit unveiled a new way to drive installment payments through its merchant-branded Installments-as-a-Service platform. Instead of originating...

Paradigm appoint new Senior Relationship Manager

Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of a new Senior Relationship Manager. Sarah Blackwood joins...

‘Student loans act as “gateway to more millennial debt”, but that might not be a bad thing’

Nearly half (47%) of university students and graduates in the UK, say that receiving a student loan has made them more comfortable with other forms of...

Consumer car finance new business volumes up by 2% in March 2022

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

Consumer finance new business grew by 19% in March 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 19% in March 2022 compared with the...

Report highlights important issues for the later life lending market MorganAsh responds to Financial Services Consumer Panel research

Andrew Gething, managing director at MorganAsh, in response to the latest research from the Financial Services Consumer Panel on later life lending, says...

RICS: Caution creeps into the property market

New buyer enquiries increased slightly in April – similar to the previous month. However, sales agreed have flattened. And agents’ expectations of sales in...

71% of UK banks have acted on customer product requests over the past 12 months

A new independent survey of 251 senior decision-makers at UK banking and financial services firms has revealed how they are responding to customers’ changing...

New guide highlights need for empathy in borrower customer care

A guide has been launched to help mortgage lenders and brokers put empathy at the heart of customer care and ensure that customers benefit from the power of...

Jaja signs deal with Asda to launch a new reward digital credit card to UK consumers

Jaja Finance Ltd (“Jaja”) has signed a deal with Asda, in conjunction with global payments technology leader Visa, to provide digital, reward-led credit...

MIMHC launch latest wellbeing report to coincide with Mental Health Awareness Week 2022

The Mortgage Industry Mental Health Charter have launched their mental health and wellbeing report to coincide with Mental Health Awareness Week 2022. The...

One in ten with variable rate mortgages face rate rise stress

Yesterday’s rate rise could push mortgage payments up by over £40 and put up to one in ten of those on variable rate mortgages under financial pressure. If...

Comments on the Bank of England base rate

“The Bank of England’s decision to raise interest rates to a 13-year high today will be welcomed by savers, many of whom may not remember the last time the...

Money Advice Trust responds to Bank of England interest rate rise

The Bank of England Monetary Policy Committee has today voted to increase interest rates to 1 percent. Joanna Elson CBE, chief executive of the Money Advice...

Further base rate rise ramps up pressure on low income households, says StepChange

Following the Bank of England’s decision to raise the base rate by 0.25 percentage points today, StepChange Debt Charity has warned that a further hike in...

MotoNovo Recognises Dealer at its Extra Mile Awards

Held at the Belfry Hotel on Aprils 28th and hosted by MotoNovo’s Managing Director Karl Werner, Commercial Director Debbie McKay and former rugby union...

Central Trust enhances residential and CBTL mortgage proposition

Central Trust, the first and second charge lender, has today made significant changes to its residential and Consumer Buy-to-let (CBTL) mortgage propositions,...

Just Mortgages brings in fifty new brokers in Q1

Leading national broker firm, Just Mortgages brought in fifty new brokers to its self-employed team in the first three months of 2022. The self-employed...

NewDay and John Lewis in Financial Services Partnership

NewDay (the “Company”), a leading consumer credit business in the UK, and John Lewis, one of the country’s best-known brands, announce that they have...

Estate agents are confident about the future

An industry-wide gauge of property market sentiment by The Property Redress Scheme has revealed that UK property professionals feel hugely optimistic about the...

The March of the credit card – while high street giants drag their feet on savings

March figures show credit card borrowing was up 10.6% in a year – the fastest growth since 2006. We spent roughly half as much on cards as we did in...

Continued rise in borrowing a sign of “mounting pressure” on household budgets

The Bank of England has today published its latest Money and Credit figures showing consumer credit growth increased to 5.2 percent in March 2022 from 4.5...

Cost of living pressure rising as a cause of debt, as borrowing increases in March

New data from StepChange Debt Charity shows that the cost of living pressure continues to rise for financially stretched households – it was the third...

tell.money successfully completes £2m growth funding round

tell.money, the fintech platform that delivers innovative and rapidly deployable Open Banking solutions for banks and other account providers, has closed its...

Impact Specialist Finance partners with Movin Legal

Impact Specialist Finance, the leading specialist packager and distributor, has partnered with conveyancing portal, Movin Legal, to help its brokers find the...

Millions feel the pinch, but ONS reveals those being squeezed until the pips squeak

In April, 91% of people said the cost of living had increased – up from 62% in November. Older people are feeling price rises more keenly: 94% of those aged...

Low Unemployment Rare Bright Spot in Cost of Living Crisis

While prices continue to rise at concerning levels and the cost of living crisis sees more people struggling with their everyday money, one small bright spot...

Keen buyers could be left choking in the dust of runaway house prices

Monthly house price growth slowed slightly to 12.1% in April – but it’s still the 11thconsecutive month in double digits. The average price hit £267,620,...

Credit Demand Grows Alongside Booming Buy Now, Pay Later Market

Consumer demand for credit products has grown since the onset of the pandemic, according to TransUnion’s Consumer Credit 2022 white paper, which reveals...

Paysafe enables eCash payments for US auto loans with Exeter Finance

Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a new partnership with Exeter Finance LLC, a leading indirect auto finance...

Lately in red: how borrowing has changed during the pandemic

A year into the pandemic we were more able to cover one-off costs out of the blue with lockdown savings, but now we’re back to borrowing. 20% of us put at...

LiveMore expands product range with four-tier structure

LiveMore Capital has revamped its entire product range offering a much wider choice of options for borrowers aged 50 to 90+. Instead of a two-tier system...

Rents rose again during Q1 2022 as 15% of surveyed tenants report paying above going rate to secure properties

Average UK rents have increased for the sixth consecutive quarter, according to The Deposit Protection Service (The DPS), whilst also producing evidence that...

Shoppers spent more to buy less in March, as inflation and fuel costs soared, says ParcelHero

Today’s Office for National Statistics (ONS) retail sales figures for March make grim reading, says the home delivery expert ParcelHero. Retail sales tumbled...

Transactions comment: Spring surge shows underlying strength of the housing market

Following the latest property transaction figures from HMRC that found moves jumped almost 20% in March, John Phillips, national operations director, Just...

Jones and Quigley promoted to Senior Regional Account Managers at Foundation Home Loans

Foundation Home Loans, the intermediary-only specialist lender, has today announced the promotions of Keith Jones and Katie Quigley to Senior Regional Account...

Hampshire Trust Bank makes experienced vehicle finance hire

Hampshire Trust Bank (HTB) has announced the appointment of Scott Riley as Sales Manager, Specialist Cars and Vehicle Stock Finance in the bank’s Asset...

715,000 Small Businesses Worried about Climate Change not doing Enough

At a time of rising fuel prices, unstable energy supplies and increasing climate warnings, as many as 715,000 small businesses who are worried about the...

Borrowing booms, but it’s set to get tougher: Bank of England

Demand for lending on credit cards and loans rose in the first three months of the year and is expected to do so again this spring, as we struggle to cope with...

Foundation Home Loans launch new two-year ‘Green ABC+’ mortgage options for owner-occupiers

Foundation Home Loans, the intermediary-only specialist lender, has today launched new two-year ‘Green ABC+’ fixed and discount options for residential...

Households “buckling under the strain” of rising costs

The latest UK Consumer Prices Index (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 7 percent in the twelve months...

Splend signs £75 million senior secured credit facility with Pollen Street Capital to fast-track transition to green mobility

Splend, a leading vehicle subscription business for rideshare and delivery drivers, today announced a new senior secured credit facility with Pollen Street...

West One appoints new national account manager

West One Loans’ buy-to-let division has appointed Jez Quinn as national account manager to grow and develop relationships with a diverse range of brokers....

TDS announces API integration with Yorlet to streamline deposit protection for agents

Lettings software provider Yorlet, has integrated technology with the new API solution created by government-backed Tenancy Deposit Scheme (TDS), providing a...

MotoNovo Launches a New Motor Retailing Women’s Network

Open to everyone GROW has been created to increase understanding in areas such as unconscious bias, to challenge, support, and encourage meaningful discussions...

CHL Mortgages launches new large HMO and MUFB range

CHL Mortgages, the intermediary-only specialist buy-to-let lender, further expands its product suite and criteria by launching a new product range for large...

Azucko app allowing employees access to a portion of salary before payday

With approval from the Central Bank of Ireland, Prima Finance has announced the launch of a new personal finance app, allowing Irish residents to access an...

What Now for Dealers’ Appointed Representative (AR) Status?

On December 3rd 2021, the FCA published a press release, “FCA proposes stronger requirements on oversight of appointed representatives.” It...

StepChange responds to new FCA strategy

The FCA has today launched a new three year strategy. Responding to the news,Richard Lane, Director of External Affairs at StepChange Debt Charity, said:...

81% of UK still unaware ‘buy now, pay later’ is unregulated – millions at risk of falling into debt as living cost crisis bites

81% of UK adults are unaware that buy now, pay later (BNPL) schemes are unregulated, placing them at major risk of falling into debt, according to new research...

Times were already hard for many before the latest cost of living crisis

StepChange Debt Charity’s 2021 Statistics Yearbook, published today, shows that even before the latest rise in general inflation and the rise in the energy...

New analysis shows mainstream lenders surrendering victims to loan sharks

Mainstream lenders are surrendering people into the hands of illegal loan sharks as many victims try to access credit from legal, regulated sources but the...

Shared ownership is set for growth, say lenders and housing associations at Just Mortgages new build event

As an affordable housing option, shared ownership is growing but it does not have enough consumer awareness and understanding. This was one of the key messages...

Jaja Finance Ltd announces closing of strategic transaction to deliver on its ambition of becoming the UK’s leading digital lender

Jaja Finance Ltd (“Jaja”) today announces that it has closed the strategic transaction announced in November 2021, resulting in a consortium led by KKR and...

Mortgage Industry Mental Health Charter targets 200+ signatories.

The Mortgage Industry Mental Health Charter (MIMHC), today confirmed a target of 200+ signatories by the end of 2022. Speaking during a webinar hosted by...

Digital bank Zopa hits profitability

Zopa bank has hit profitability, just 21 months after acquiring its banking licence. This is the first time Zopa bank turns a profit, making it one of the...

Inflation and cost of living increases driving three quarters of UK Professionals to consider changing jobs

A week after the Government’s Spring Budget and with energy price hikes from the 1st April piling on the pressure, the latest survey by the UK’s leading...

Housing market appears to defy gravity: momentum will only get you so far

House price growth surged to 14.3% in the year to March – and prices are up 1.1% in a month. This is the fastest growth since 2004. Average house prices hit...

CHL strengthens BDM team

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has added Aidan Walker to its BDM team. Aiden will cover the North of England region. He has...

Breadth of lending vital to a thriving economy

The Finance & Leasing Association (FLA) and the All Party Parliamentary Group (APPG) on Alternative Lending hosted a House of Commons reception to showcase...

Just Mortgages set for 1,500 staff

Leading broker firm, Just Mortgages plans to almost treble in size in just five years. Its goal is to reach 1,500 staff across its various divisions by 2027....

Foundation Home Loans launches expanded solicitor panel for specialist property cases

Foundation Home Loans, the intermediary-only specialist lender, has today launched an expanded panel of solicitors for specialist property cases, including...

One in four using credit for essentials as rise in consumer credit continues

The Bank of England has today published its latest Money and Credit figures showing consumer credit growth increased to 4.4% in February 2022 from 3.2% in...

Astonishing hike in credit card borrowing, as savings slump and mortgages slow: Bank of England

We borrowed another £1.5 billion on credit cards in February, the biggest monthly hike in at least 30 years. It took the annual rise in card borrowing to...

More clients cite cost of living as reason for debt, says StepChange

StepChange Debt Charity’s latest client data report for February shows a rise in the proportion of people seeking advice who say that cost of living pressure...

The Consumer Rights Act as a Sales Tool

These findings from MotoNovo’s Attitudes to Car Buying Research reveal the importance of dealers’ knowledge, transparency and overall helpfulness...

Coadjute joins The Conveyancing Association as Affiliate member

The Conveyancing Association (CA) – the leading trade body for the conveyancing industry – has today announced the appointment of Coadjute as a new...

The Money Stats – March 2022 – UK Turns To Credit and Debt to Manage Cost of Living Crisis

Facing the sharpest decline in living standards since records began, people in the UK are already leaning into credit and debt to meet the everyday challenges...

Foundation Home Loans promote Hendry and Whitear to Director level

Foundation Home Loans, the intermediary-only specialist lender, has today announced the promotions of Grant Hendry and Mark Whitear. Grant becomes Director of...

Knowledge Bank adds Proportunity criteria

Proportunity, the shared equity loan provider, has partnered with Knowledge Bank to make its products available on the industry leading criteria search...

Stonebridge reveals strong growth

Stonebridge, the national mortgage and insurance network, has announced strong mortgage application and completion growth through 2021 and into 2022 at its...

Spring Statement ‘a missed opportunity’ given scale of the cost of living crisis

The Money Advice Trust has welcomed the increase in National Insurance threshold and increasing the Household Support Fund in today’s Spring Statement –...

Spring statement comment: No news is good news for the housing market

Following the Spring Statement, John Phillips, national operations director at Just Mortgages said: “As expected, there wasn’t anything directly related to...

Pink Pig Loans rebrands to Truffle Specialist Finance

Pink Pig Loans, the specialist finance packager and distributor, has today announced it has rebranded the business and will now be known as Truffle Specialist...

Inflation hits 6.2%, and worse is yet to come: how to weather the storm

CPI inflation is up again to 6.2% in February – from 5.5% in January. It’s the highest CPI has been since 1992. Notable increases. The rising cost of a...

A greater impetus to secure a favourable rate – comment

Following the HMRC property transaction figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “It is not at all surprising...

Can Rishi Sunak slow rising household costs? A Spring Statement preview

With cost of living rising rapidly, the Bank of England increasing interest rates and National Insurance going up, more eyes than usual will be on Chancellor...

Robert Gordon, Chief Executive Officer, Novuna comments on the upcoming Spring Statement

“Wednesday’s Spring Statement is an opportunity for the Government to take decisive, meaningful action to help consumers and businesses avoid the worst...

Households on ‘collision course’ with the cost of living crisis

One in seven (an estimated 7.9 million) UK adults is behind on at least one household bill and one in eight (an estimated 6.2 million) have gone without...

Hodge and Accord to co-host the first live event of the Power of 8 collaboration for intermediaries

Hodge is to co-host the first live Power of 8 (PO8) event for 2022 with Accord Mortgages in Manchester on Wednesday 30th March, discussing how to tackle...

Foundation Home Loans expands Green buy-to-let product range to specialist property types

Foundation Home Loans, the intermediary-only specialist lender, has today announced an expansion of its Green buy-to-let product range to specialist property...

Enra Specialist Finance to be acquired by Elliott Advisors

Enra Specialist Finance announced today that it has struck a deal with funds advised by Elliott Advisors (UK) Limited (“Elliott”) to acquire a majority...

Just Mortgages appoints new divisional sales director

Due to the continued growth of Just Mortgages’ New Build Division, a third divisional sales director role has been created. Helen Whitehead has been promoted...

SCA regulations: A call to action for the payments industry

Today, online shoppers in the UK face more identification checks when paying for purchases on the internet as SCA rules to clamp down on fraud come into force....

MSS Group announces acquisition of significant shareholding in the Connect network

Connect IFA Ltd, the specialist mortgage network, has today announced Mortgage & Surveying Services (MSS), the national property services group with...

Consumer car finance new business volumes up by 43% in January 2022

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

Consumer finance new business grew by 51% in January 2022

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 51% in January 2022 compared with the...

Helen Lord invited to join the prestigious DataIQ 100 power list

Helen Lord, CEO of the Vulnerability Registration Service (VRS), a not-for-profit company providing the UK’s first central vulnerability database, has been...

Registry Trust appoints Demos CEO Polly Mackenzie as Non-Executive Director

Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has appointed Polly...

BNPL fintech in3 secures $11.1m Series A from Finch Capital; partners with Worldline of offer free BNPL services

in3, a leading Dutch Buy-Now-Pay-Later (BNPL) fintech business, has today announced a $11.1m funding round from Finch Capital as growth soars. In addition to...

As Retail Footfall Returns MotoNovo Delivers Record Activity

Despite storms battering the country, it was evident that consumers were determined to embrace the call to learn to live with Covid-19, with retail traffic...

Tembo latest addition to Proportunity brokers

Tembo, the family-focused digital mortgage broker, is the latest addition to the broker panel at shared equity loan provider Proportunity. London-based fintech...

Rental stock plunges below pre-pandemic levels as returning tenants continue to drive market revival

Research by specialist property lending expert, Octane Capital, has revealed how rental market stock levels have plummeted across the UK’s major cities, as a...

TotallyMoney hires Head of Data in credit personalisation drive

TotallyMoney, the credit app that helps everyone move their finances forward, has appointed Henry Pearce as Head of Data, as it ramps up the use of technology...

Remortgage renaissance ahead of rate rise

28% of mortgages paid out to owner occupiers in the last three months of 2021 were remortgages, up 10 percentage points in a year. This was the highest share...

Sprout Mortgage Promotes Two to Senior Sales Positions as Nationwide Expansion Continues

EAST MEADOW, NY – Sprout Mortgage, one of the nation’s largest non-QM originators and fastest growing independent lenders, today announced two...

71% of brokers expect to recommend a second charge for the first time

A webinar poll conducted by Central Trust, the intermediary only specialist first and second charge lender, has revealed that a large number of mortgage...

Just Mortgages to host shared ownership event

Over the past year, Just Mortgages New Build Division has seen a rise in enquiries and sales from home buyers interested in shared ownership. With house prices...

Wrung dry: one in five spend savings and one in seven borrow for bills

81% of people said their cost of living has risen over the past month. When asked how this was affecting them, 22% of people said they were spending their...

Just Mortgages trains brokers to provide business protection advice

Leading national broker firm, Just Mortgages is training its advisers to offer expert business protection advice. Twelve advisers have completed the course...

Norton Home Loans added to New Leaf lender panel

Norton Home Loans has been added to the lender panel of New Leaf, enabling members of the network to access the lender’s full range of specialist first...

Mortgage interest payments down -22% versus 30 years ago

Research by Henry Dannell, a leading specialist in bespoke mortgage solutions, has revealed how the cost of a mortgage for today’s homebuyers is 22% more...

Cost of living now in top 5 reasons for debt, reports StepChange Debt Charity

January saw the usual seasonal increase in people looking for debt advice, according to the latest client insights report from StepChange Debt Charity. The...

New public-private collaboration with top banks, public agencies and private organisations launched, to shed light on the digital asset ecosystem

The Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School today announced the launch of the Cambridge Digital Assets Programme...

Fleet Mortgages sets out ESG policy and steps to be taken to achieve ambitions

Fleet Mortgages, the buy-to-let specialist lender, has today outlined its new Environment, Social & Governance (ESG) Policy Statement, and the proactive...

Shawbrook Hires Arthur Leung As Chief Product Officer

Shawbrook has today appointed Arthur Leung in the newly created role of Chief Product Officer, reporting into the Bank’s CEO Marcelino Castrillo. The...

BuildLoan and Nottingham Building Society launch new range of cost based mortgages for self builders

BuildLoan has worked closely with Nottingham Building Society to launch three new cost based self and custom build mortgage products. All of the new range...

News The Money Stats – February 2022 – UK Gripped by Cost-of-Living Crisis

Worrying indicators for the UK’s finances have come into full effect over December and January with households facing soaring bills, according to the...

CarTrawler Partners with Condor as their Online Car Rental Provider

CarTrawler, the leading global B2B provider of car rental and mobility solutions to the travel industry today announced that it is now the online car rental...

Together loan book reaches £4.4bn

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

Strathkelvin Credit Union announces Quantuma as Administrators

Financial cooperative, Strathkelvin Credit Union (SCU), has appointed Dina Devalia, Simon Bonney, and Ian Wright, all managing directors at business advisory...

Lockdown doubled risk of mental distress on UK adolescents with previous mental health difficulties

Adolescents aged 17-19 years old with previous mental health issues were 100% more likely to have suffered further mental distress as a result of the Covid-19...

60% of BNPL customers are worried about the impact on their credit score as product begins to show on credit reports

A new survey from UK fintech Pave shows the vast majority of Buy Now Pay Later (BNPL) customers are unclear about the impact of BNPL on their credit scores,...

Paradigm appoint new Senior Relationship Manager

Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of a new Senior Relationship Manager. Michael Brown joins...

Foundation Home Loans announce two National Sales Managers

Foundation Home Loans, the intermediary-only specialist lender, has today announced the appointment of two National Sales Managers. Nathan Goodridge joins the...

MotoNovo Champions the Broader Opportunities for Apprenticeships Right Across Motor Retailing

In today’s increasingly digitally and socially engaged marketplace, the role and scope of apprenticeship opportunities for candidates and employers are...

Just Mortgages hires new development directors

Leading national broker firm, Just Mortgages, has appointed three new development directors. They will work with the firm’s regional directors to provide...

Cost-of-living crisis spreads to three quarters of us

In the first half of February, 76% of people said their cost of living had risen in the previous month – up from 69% in the second half of January. The most...

Sigma Connected and Vanquis mark 10-year milestone with new customer service contract

A business outsourcing provider has been awarded a new, additional contract by a long-standing financial services client. Sigma Connected, which provides...

Foundation Home Loans appoints Managing Directors

Foundation Home Loans, the intermediary-only specialist lender, has today announced the creation of two Managing Directors within the business. George Gee...

Homeowners less reliant on mortgages compared to five years ago

Research by Henry Dannell, a leading specialist in bespoke mortgage solutions, has revealed that the total number of homes owned with a mortgage or loan across...

Households facing “triple threat” of rising inflation, energy price hikes and tax increases

The latest UK consumer price inflation (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 5.5% in January, up from...

Real estate consultancy gears up for growth after record year

Real estate consultancy Naismiths is set to invest in growth over the next 12 months with support from Shawbrook Bank. The business, which is headquartered in...

Firms still need certainty and time to implement FCA’s Consumer Duty

PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has today called on the Financial...

First 4 Bridging appoints Head of Intermediary Relations

First 4 Bridging (F4B) has announced the appointment of Besmir Kurti as Head of Intermediary Relations for the South. Besmir re-joins the F4B team after a...

Affinity Mortgages added to broker panel at Proportunity

Independent mortgage and protection adviser Affinity Mortgages has been added to the panel of brokers at Proportunity, the shared equity loan provider. The...

Money Advice Trust responds to FCA’s statement on Buy Now Pay Later

The Financial Conduct Authority has today issued a statement on changes made to contract terms by four ‘Buy now, pay later’ firms, including voluntary...

Consumer car finance new business volumes up by 2% in December and by 9% in 2021

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

Consumer finance new business grew by 16% in December and by 15% in 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 16% in December 2021 compared with...

StepChange responds on FCA BNPL interventions

StepChange Debt Charity is pleased to note the Financial Conduct Authority’s interventions today in the Buy Now, Pay Later market. Richard Lane, Director of...

Commentary on the ONS monthly and quarterly GDP results

“News that the UK GDP contracted by 0.2% in December last year should come as no surprise given Omicron’s disruption to the UK’s economic recovery....

PSR finalises plans for the wider implementation of fraud prevention tool, Confirmation of Payee

Today, the Payment Systems Regulator (PSR) confirmed and published a new rule that paves the way for more banks and building societies to adopt Confirmation of...

TotallyMoney appoints Rebecca Shears as Chief Marketing Officer

TotallyMoney, the credit app that helps everyone move their finances forward, has appointed Rebecca Shears as its new Chief Marketing Officer. Rebecca holds...

MotoRate Continues to Drive Dealer Success

A Year on from the Financial Conduct Authority (FCA) ban on discretionary finance commission in January 2021, the impact of MotoNovo’s ground-breaking...

Sprout Mortgage Names Samuel Bjelac EVP, National Sales to Lead TPO Channel

EAST MEADOW, NY — Sprout Mortgage, one of the nation’s largest non-QM originators and fastest growing lenders, is proud to announce that Samuel Bjelac...

New Year, New Partnership

Nationwide mortgage advice firm, Mortgage 1st, and estate agent, British Home Sellers, are now working together to enhance the home buying journey for their...

CHL Mortgages added to Brilliant Solutions’ lending panel

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has been added to Brilliant Solutions’ lending panel. This partnership will provide...

BoE raises interest rates: Arrears and defaults are once again on the rise

In light of the Bank of England raising its base interest rate from 0.25% to 0.5% today, Paul Heywood, Chief Data & Analytics Officer at Equifax UK...

Bank Base Rate decision comment

Commenting on today’s MPC Bank Base Rate announcement, Simon Jackson, Chief Executive Officer at MSS (Mortgage & Surveying Services), said: “The...

2022 to deliver more specialist mortgage business than ever before

Brokers expect to write more specialist residential mortgage business this year than ever before, according to a poll by Norton Home Loans. The specialist...

The Right Mortgage and Protection Network celebrates 7th birthday and posts a 60% increase in turnover year on year

The Right Mortgage and Protection Network is celebrating seven years of supporting the UK’s mortgage and protection brokers in all areas of business....

Splitit finds over half of UK credit card holders plan to use Buy Now, Pay Later in 2022

Today Splitit (ASX:SPT, OTCQX:SPTTY), the company empowering shoppers to use their credit cards to pay in instalments, shares new data which reveals the...

One in five Britons plans to buy a property in 2022

New research among more than 2,000 UK adults has revealed how many people are planning to buy a new home or property investment in 2022: 18% of UK adults...

Cost of living a concern for homeowners as half already stretched to cover monthly costs

Estate agent comparison site, GetAgent.co.uk has revealed that while homeowners remain confident that house prices will remain high and their monthly mortgage...

Comment on Equity Release Council report

Following the Equity Release Council’s 30th anniversary report which explores the sector’s progress over the past three decades, Will Hale, CEO of Key,...

Comments: BNPL Firm Klarna Launches Physical Card in the UK

“Klarna launching a card is a big deal for the payments sector. From a functionality perspective, BNPL has been considered a serious challenger to credit...

Experian and National Literacy Trust supports financial capability of young people across the UK

Experian is delighted to announce a new partnership with the National Literacy Trust to support financial literacy amongst young people across the country. The...

Moneypenny launches Microsoft Teams call integration

Leading outsourced communications provider, Moneypenny, has launched a world-first integration with Microsoft Teams to minimise interruptions for time-poor...

The Money Stats – January 2022 – Difficult Financial Outlook for Winter Fails to Ease

The challenging direction of travel for the UK’s finances continued in the closing months of the year, with few indications of potential positives and some...

Countrywide Surveying Services appoints Regional Director for the South West & South Wales

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced the appointment of Hugh Riley as...

Fiduciam provides £5.3m Recovery Loan Scheme facility for affordable retirement accommodation

Fiduciam, the institutionally funded lender to housebuilders and entrepreneurs, has provided a £5.3m Recovery Loan Scheme facility for the development of an...

Consumers brace for another cost of living squeeze as oil prices surge to a 7 year high

Brent crude surges above $89.5 a barrel due to supply constraints and geopolitical tensions. Forecasts that oil could hit as much as $120 a barrel. Petrol...

Comment: Klarna card is “a dangerous piece of plastic”

This morning, Klarna released its first physical payment card, as the Buy Now Pay Later trend continues to spiral out of control, Jens Bader, CEO of...

ABA Credit Conditions Index: Credit Market Expectations for Businesses and Consumers Confirm Solid Economic Outlook

WASHINGTON — Bank economists expect credit conditions to continue improving for both consumers and businesses over the next six months, according to the...

West One added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added West One to its lender panel. From today, Paradigm member firms will be able to...

Key Group appoints national account manager

Key Group, the leading Preston-based specialist provider of financial solutions to the over-55’s, has appointed Alistair Morrison as one of its National...

Shoppers wrapped up their Christmas shopping a little earlier this year

“Shoppers wrapped up their Christmas shopping a little earlier this year, as the spectre of Omicron turned traditional footfall trends on their head, and led...

Consumer finance comment on ONS retail figures

“December was always going to be a chilling prospect for retailers, many of whom spent the month wrestling with supply chain disruption, an inflationary...

Property sales bounce back in December, but this may be a blip

Property sales (non-seasonally adjusted) rose again in December – up 11.8% from November, but down 14.6% from a year earlier. It’s the third busiest...

FCA: High street giants losing their grip on current accounts

There are 100 million current accounts held in the UK. Around 8% are now held with newer online banks – up from 1% in 2018. Over the same period, the big...

TransUnion Raises Over £18,000 for Save the Children and Strengthens Commitment to Colleague Volunteering Scheme

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has been proudly supporting Save the Children,...

One in three people struggling to keep up with bills or credit commitments – double the pre-pandemic number

The number of people finding it hard to keep up with bills and credit commitments has doubled since the start of the pandemic according to new research from...

Households facing “double-whammy” of high inflation and looming tax rises

The latest UK consumer price inflation (CPI) figures, published today by the Office for National Statistics, show that CPI rose to 5.4% in December, up from...

Buy-now, pay-later spending up by £1bn over Christmas 2021

The amount of Christmas shopping put on buy-now, pay-later rose by £1billion in 2021. As banks, retailers and others continue to jump on the increasing...

Hodge sees 173% increase in holiday let mortgage applications in 2021

Hodge has seen a 173% increase in the number of holiday let mortgage applications in 2021 compared with 2020, according to new figures. The new data also found...

Consumer finance new business grew by 33% in November 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 33% in November 2021 compared with...

Pandemic decline in housebuilder liquidations

Market analysis by real estate debt advisory specialists, Sirius Property Finance, has found that despite a reduction in the number of housebuilders filling...

Just Mortgages restructures to accommodate 100% expansion

Leading broker firm, Just Mortgages has restructured into East and West divisions in order to efficiently manage its growth, with changes taking effect this...

LazyPay Forays into Card segment: launches LazyCard to empower India’s underserved with access to credit

LazyPay, India’s preferred Buy Now Pay Later solution by PayU Finance, today announced its partnership with SBM Bank India to launch LazyCard, a prepaid...

OMS announces inaugural third-party system integration with Submissions Brain

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for mortgage intermediaries, has become the first third-party...

Impact Specialist Finance exclusive products now on MortgageBrain

Impact Specialist Finance has announced that all their exclusive and semi-exclusive products can now be sourced on the intermediary product sourcing systems,...

House prices scale new heights, but inflation may well halt the ascent

Average house prices reached another record high of £276,091 in December. During 2021, the average price rose £24,500 – the biggest gain since 2003. Prices...

Consumers using BNPL are much more likely to be struggling, finds StepChange

Today marks the closing date on HM Treasury’s consultation on how to regulate Buy Now, Pay Later (BNPL) lending. In its response, StepChange Debt Charity...

We need regulation of Buy Now Pay Later now – not later

The Treasury’s consultation on the FCA’s regulation of the Buy Now Pay Later sector closes just before midnight tonight. Among the proposals are for credit...

Just Mortgages doubles number of area directors

Leading broker firm, Just Mortgages has doubled its number of area directors from 11 at the start of 2021, to 22. The rapid expansion has been essential to...

Countrywide Surveying Services announces 100% pass rate for latest batch of training academy graduates

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced a 100% pass rate across its training...

Hodge releases “Tired of Retirement” whitepaper

Hodge has released an in-depth report into the attitudes of those aged over 50 towards retirement and their personal finances. The study, called “Tired of...

Homeowners in favour of reduced mortgage costs based on energy performance, according to research

According to research by Foundation Home Loans, the intermediary-only specialist lender, 67% of all homeowners, or those who want to become homeowners, would...

‘Bank of Mum and Dad back open for business’

New research from criteria search specialists, Knowledge Bank suggests after a long hiatus, the bank of Mum and Dad is supporting a significant number of...

Seconds more likely to be used by debt consolidation borrowers in last quarter, says Evolution Money Second-Charge Mortgage Tracker

Evolution Money, the second-charge lending specialist, has today launched the fourth iteration of its quarterly data tracker, which reviews borrower types,...

Midlands firm Sigma Connected donates £1,000 to help the homeless

A Midlands outsourcing firm has donated £1,000 to Birmingham Christmas Shelter to ensure homeless and vulnerable people can be well fed throughout the festive...

Buy Now Pay Later Xmas spending

It looks like there will be £2.1bn spent on Christmas shopping via BNPL, in addition to the £4.1bn in debts currently outstanding with UK providers,...

Consumers expect to take on additional debt over Christmas period

“Bringing family together and meeting expectations”. These are the reasons why one in four Brits take on additional debt at Christmas, according to...

Charity Christmas Clash between Enra and MT Finance raises £20,000

Enra Specialist Finance and MT Finance joined forces on Thursday 16th December to play a Christmas charity football match to raise funds for two great...

Double whammy of rising inflation and rising interest rates means households experiencing debt need help, says StepChange

Many people with significant amounts of outstanding borrowing will be worrying about the double whammy of inflation and higher interest rates following the...

Broker satisfaction with mortgage lender’s speed to process applications increases to 74.2% in H2 2021, Smart Money People finds

New research from Smart Money People has found that broker satisfaction with the time mortgage lenders take to process applications through to offer has...

Marriage isn’t perfect, but cohabiting or living alone comes with financial challenges and risks too

61.3% of people over the age of 16 were living in a couple in 2020. Just over half of people were married or in a civil partnership (50.6%). 13.1% were...

‘Difficulties ahead’ for stretched households as inflation continues to rise

The latest UK consumer price inflation (CPI) figures, published today by the Office for National Statistics, show that CPI was at 5.1%, up from 4.2% in...

Mortgage market cools, but we’re not set for a deep freeze: Bank of England figures

We borrowed £73.4 billion in mortgages between July and September – down £15.6 billion from the previous quarter (when the stamp duty holiday was more...

‘Fear of rejection’ stalks millions of UK borrowers

Millions of people in the UK are being put off accessing credit products because they fear a rejected application could harm their chances of a loan in the...

Black Friday blowout risks credit crisis

In the week to 2 December, including Black Friday, we spent 121% of the pre-COVID average on credit and debit cards. This is up 15 percentage points from the...

Consumer finance new business grew by 11% in October 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 11% in October 2021 compared with the...

Foot Anstey advise on first Peer2Peer Islamic Finance fintech deal in the UK

National law firm, Foot Anstey LLP, which has offices located in Bristol, Exeter, London, Plymouth, Southampton, Taunton and Truro, has advised London-based...

Just Mortgages launches golden hello scheme for self-employed advisers

Leading national broker firm, Just Mortgages, has launched a new golden hello scheme to support experienced advisers who are transferring from an employed role...

Smart Money People finds broker satisfaction with mortgage lenders has increased in H2 2021 to 81.3%

New research out today from Smart Money People has found that broker satisfaction with mortgage lenders is now 81.3%, an increase of 1% from H1 2021, and an...

Paradigm add Harpenden Building Society to lender panel

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

Cambridge Centre for Alternative Finance launches new platform of fintech digital tools

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School today publicly launched the CCAF.io, which for the...

Why women worry: 5 steps to rebuild resilience

29% of women often worry about their debts, compared to 23% of men. 28% of women often worry about not being able to pay bills, compared to 20% of men. 19% of...

Conveyancing Association Annual Conference sets out process improvements

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has used its recent Annual Conference to outline a number of process...

96% of brokers expect to write more limited company business in 2022

A webinar poll conducted by CHL Mortgages, the intermediary-only specialist buy-to-let lender, suggested that an overwhelming 96% of brokers expect to write...

Industry delight at Government decision to promote Peer-to-Peer Islamic Finance alternatives

Her Majesty’s Revenue and Customs (HMRC) has made a welcome announcement as part of their ‘Building a trusted, modern tax administration system’, a...

Kensington Mortgages links with Proportunity to help those with small deposits

Kensington Mortgages and Proportunity will now work together to help first time buyers to get on the housing ladder.  Specialist mortgage lender, Kensington,...

The Bounce Back Loan Scheme: an update

Following the release of the National Audit Office’s report on the Bounce Back Loan Scheme, Phil McGilvray, Managing Director of Debt Services at Equifax UK,...

Pink Pig Loans appoints Head of Residential Mortgages and Protection

Pink Pig Loans, the specialist finance packager and distributor, has today (3 December 2021) announced the appointment of Kate Pedley as its new Head of...

West One makes exciting new additions to its BTL team

West One Loans buy-to-let division has added four new underwriters and one completions case manager as it continues to expand to meet strong demand for...

Borrower Wellbeing App Launches Get Debt Fit Campaign

Following the launch of the ilumoni app in September 2021, ilumoni is on a mission to help UK borrowers #BorrowWell through their new #GetDebtFit...

UK Moneyman selects OMS as tech partner

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been selected by mortgage advisory firm UK...

New firm launches to shake up insurance and property finance

Key members of the London Belgravia Group have set up their own insurance and financial advisory firm, J3 Advisory. Jack Bristow, Johnny Leadsom and James...

he Money Stats – November 2021 – Prices and Labour Supply Bring Heavy Pressure on UK Household Budgets

UK household budgets continue to be heavily pressured from all sides, with both international and national factors adding unexpected challenges into the mix,...

New study highlights progress in fintech regulation in Sub-Saharan Africa

The Cambridge Centre for Alternative Finance (CCAF) at the Cambridge Judge Business School today published the report of findings from its “Fintech...

Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas

New research has found that the number of people with debt in the UK has increased by ten percentage points in just six months (64% to 74%), with variable...

Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas

New research has found that the number of people with debt in the UK has increased by ten percentage points in just six months (64% to 74%), with variable...

Fleet Mortgages announce promotions within senior team

Fleet Mortgages, the buy-to-let specialist lender, has today announced a series of changes and promotions within its senior management team. Sunny Lo, Chief...

Over 1/3 of finance professionals considered themselves vulnerable in last 12 months

A recent Chartered Body Alliance global survey has revealed some stark realities regarding the treatment of customers in vulnerable circumstances, including...

Record number attending Just Mortgages latest academy

Just Mortgages’ academy is welcoming a record number of attendees into its industry leading training programme. 18 trainees are going to learn the ropes of...

Monthly government property transactions: Residential transactions show dramatic fall from September

‘As expected, there was a huge decrease in property transactions in October, falling by 50 per cent as people rushed to take advantage of the stamp duty...

Property sales plummet, as the market heads for hibernation

Property sales (not seasonally adjusted) plummeted to 85,090 in October – down 48.4% from September, and down 30.1% from a year earlier. This is the slowest...

Financial Wellness Group sees a fourfold increase in customers seeking debt advice who have Buy Now Pay Later debts

New figures from Financial Wellness Group show that the number of customers seeking debt advice who have outstanding Buy Now Pay Later (BNPL) loans amongst...

Fleet Mortgages appoint new BDM for the North West region

Fleet Mortgages, the buy-to-let specialist lender, has today (22nd November 2021) announced the appointment of a new Business Development Manager (BDM) for the...

TransUnion’s Kelli Fielding Appointed to Monevo Board

UK-based fintech Monevo has appointed Kelli Fielding, TransUnion’s managing director of consumer interactive in the UK, to its board, helping to leverage...

Hastings Direct partners with Aryza for their loan origination platform

Aryza Lending Solutions today announced a new partnership with one of the UK’s top financial services companies, Hastings Direct. With its proud history and...

NewDay launches regulated instant access credit account

NewDay, one of the UK’s largest providers of consumer credit, has launched Newpay, an instant access digital credit account designed to help consumers spread...

The great resignation: record numbers move jobs as redundancies remain steady

The number of employees was up 160,000 to 29.3 million in October. Job-to-job moves hit a record high of 979,000 in July-September, largely driven by...

Just Mortgages reaches 400th self-employed broker landmark

Leading broker firm, Just Mortgages has reached a new milestone with the 400th self-employed broker joining its team. This marks an incredibly rapid expansion,...

Talk Money Week: experts want to get parents and children discussing finances

The concept of money and saving is a crucial part of being financially independent and responsible. Blacktower Financial Management surveyed 1,500 UK parents...

67% of consumers fail to research BNPL providers prior to purchasing

The UK’s BNPL market was estimated to be worth £2.7 billion in 2020, leading to consumer credit totalling £246 billion. It’s a rapidly emerging market...

Newly rebranded finova adds Metro Bank to its lender panel

Metro Bank has joined the lending panel of finova Payment & Mortgage Services, previously known as MCI Mortgage Club, which rebranded last month. Club...

More than 2 in 5 young people said that their money worries had increased because of the COVID-19 pandemic, new research shows

Worrying new statistics from a new online survey of over 2,000 16-25 year olds* suggests that young people’s financial health has worsened as a result of the...

West One joins Brilliant Solutions’ panel

West One Loans buy-to-let division has been added to Brilliant Solutions’ growing direct to lender panel, a move which will further boost the lender’s...

JBR Capital Extends Partnership with SCD as Exclusive Vehicle Finance Partner

Leading automotive finance provider, JBR Capital, is pleased to announce a renewed partnership with Supercar Driver as exclusive vehicle finance lender for...

Consumer car finance market fell by 21% in September 2021

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

Consumer finance new business grew by 1% in September 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 1% in September 2021 compared with...

House price rises are a family business: Halifax House Price Index

Average house prices reached a record high in October of £270,027. They increased at their fastest pace since June – up 8.1% in a year. House prices for...

Payment Systems Regulator publishes the final report for its card-acquiring market review

Today, the Payment Systems Regulator (PSR) publishes its final report into its card-acquiring market review. The document sets out the regulator’s...

Just Mortgages teaches students the importance of managing finances

Leading broker firm, Just Mortgages has launched a new nationwide initiative to teach children the importance of financial management. As part of the campaign,...

Financial Wellness Group launches its 2020-21 Impact Report

Financial Wellness Group has released its 2020-21 Impact Report, providing an overview of the support it provided to customers during a full year impacted by...

StepChange reveals September client insights, comments on latest consumer credit data from Bank of England

StepChange Debt Charity today reports that of the 13,000 new clients who took advice from the charity in September, a rising proportion were claiming Universal...

New CEO, Simon Dukes, joins fast-growth ethical lender Fair for You

Responsible lender, Fair for You, will continue its rapid expansion under the helm of new CEO Simon Dukes. The Community Interest Company (CIC) is seizing the...

New members join Money and Pensions Service Advisory Group

Phil Andrew, Chief Executive Officer of StepChange Debt Charity, Joanna Elson CBE, Chief Executive of the Money Advice Trust, Dame Clare Moriarty, CEO of...

eConveyancer strengthens Sales team

eConveyancer has strengthened its Sales team, with the recruitment of Michelle Ward as National Account Manager. Michelle brings with her nearly 15 years’...

Money Advice Trust responds to the Budget

The Money Advice Trust has responded to Today’s budget welcoming the taper rate cut to Universal Credit but has warned of a challenging winter ahead for...

StepChange responds to Budget

StepChange Debt Charity says that today’s Budget is good in parts – but that many lower-income households who accumulated debt during the pandemic are...

Budget comment: No news is good news for the mortgage market

Following the Autumn Budget, John Phillips, national operations director at Just Mortgages said: “As expected, the Budget was light on news for those in the...

Economic Recovery From Pandemic Remains In Transition

The UK’s economic recovery from the pandemic remains in a point of transition, with every sign of a positive measure being equally met by a challenge,...

Buy-now, pay-later debt bubble surpasses £4bn

An estimated eight million (7.7m) Britons have significant outstanding balances with buy-now, pay-later companies, as consumers continue to be drawn in by...

Just Mortgages appoints new head of mortgages and protection

Leading broker firm, Just Mortgages has appointed Ben Allkins as the new head of mortgages and protection for its self-employed division. The newly created...

Reliance Bank joins Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Reliance Bank to its lender panel. From today, Paradigm member firms will have...

Comment on BNPL consultation

Following the announcement of the Government’s BNPL consultation today, Jayadeep Nair, Chief Product and Marketing Officer at Equifax UK said: “In just a...

StepChange reaction to HM Treasury BNPL consultation

StepChange Debt Charity is pleased to see that today’s consultation paper issued by HM Treasury on how to regulate the Buy Now, Pay Later (BNPL) market picks...

Paysafe extends partnership with ZEN.COM to bridge the gap between cash and digital banking

Leading integrated payments platform, Paysafe (NYSE: PSFE), today announces that it has extended its partnership with payments provider ZEN.COM. Paysafe’s...

Dudley Building Society becomes latest lender to join Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Dudley Building Society to its lender panel. Dudley Building Society lends...

SDLT Compass joins Conveyancing Association as Affiliate member

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today announced the appointment of new Affiliate member, SDLT...

Lloyd Davies steps down from Conveyancing Association Operations Director role

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today announced Lloyd Davies has decided to retire from his...

Foundation Home Loans launch new fixed-rate ‘Green ABC+’ mortgages for landlords and owner-occupiers

Foundation Home Loans, the intermediary-only specialist lender, has today launched ‘Green ABC+’ fixed-rate products for both buy-to-let and owner-occupied...

Detached property rent rises outstripped national average increase during Q3 2021, according to The DPS

Rents on detached homes increased twice as fast as the average for all UK properties during Q3 2021, according to The Deposit Protection Service (The DPS). The...

Hanley Economic BS enhances residential mortgage range

Hanley Economic Building Society has launched a two-year 95% LTV fixed rate shared ownership mortgage and a two-year 95% LTV fixed rate mortgage to enhance its...

Finding the right tenant is key concern for landlords, according to Hodge research

Getting the right tenant and a good property manager are the two most important things for buy to let property-owners, according to new research from Hodge...

Young buyers drive mortgage demand as stamp duty holiday ends

Mortgage demand up since 2019 New figures released today from Experian have found that mortgage application volumes are up 17% in September this year, when...

Over half of UK credit providers plan to implement Open Banking in 2021

Over half (55%) of UK credit providers plan to implement Open Banking in 2021, with 93% of those businesses expecting to do so in the next 12 months, according...

Smart Money People’s Mortgage Lender Benchmark H2 2021 returns today

Smart Money People’s Mortgage Lender Benchmark returns today. The seventh edition aims to find out which lenders are providing the best service to mortgage...

Consumer car finance market fell by 10% in August

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

Consumer finance new business grew by 13% in August 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 13% in August 2021 compared with the...

Industry collaboration leads to launch of Mortgage Industry Mental Health Charter

Seven businesses from across the mortgage industry have come together to launch the Mortgage Industry Mental Health Charter (MIMHC), aimed at providing...

Just Mortgages launches mental health support ahead of World Mental Health Day

Leading broker firm, Just Mortgages has launched an industry-first support scheme to help self-employed brokers with their mental wellbeing. The scheme, which...

Rosie Lyon wins Global Young Banker of the Year Award with proposal to help sufferers and survivors of domestic abuse

Bringing true innovation to banking, Rosie Lyon from Allied Irish Bank (AIB) has been named the 2021 Young Banker of the Year during the virtual final of the...

Paradigm Consulting widens scope of ‘Agency’ proposition

Paradigm Consulting, the financial support consultancy, has today announced the expansion of its ‘Agency’ proposition to assist advisory firms with their...

StepChange urges Government to think again on £20 a week cut to Universal Credit

The Government will today withdraw £20 a week in support from Universal Credit claimants in a move StepChange says will have devastating consequences for its...

CHL Mortgages teams up with Mortgage Intelligence

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has teamed up with Mortgage Intelligence to increase its distribution footprint for both ARs...

20% of over 50s like to have separate bank accounts and only a third know everything about their partner’s finances

New research from Hodge has found more than half (56%) of Brits share finances 50/50, compared to nearly a fifth (19%) who like to have all their finances...

77% of us opt to Buy Now, Pay Later – just 16% state it causes them to live beyond their means

Research by leading UK Buy Now Pay Later (BNPL) platform and the first BNPL travel agent, Butter, has revealed that the majority of UK consumers would like to...

PayPoint applauds government’s £500m pledge to UK’s poorest households

After government announced a £500m grant to help vulnerable households in the UK, PayPoint is lauding the decision and now calling on local authorities to...

StepChange responds to new Government’s new £500m support fund

The Government has today announced a new £500m Household Support Fund to help vulnerable individuals and families cope with costs this winter. The fund will...

Foundation Home Loans launch new buy-to-let no-fee and flat-fee limited editions

Foundation Home Loans, the intermediary-only specialist lender, has today launched new buy-to-let limited editions with both no-fee and flat-fee options which...

Principality Building Society partners with protection experts Vita

Principality Building Society has partnered with protection specialists Vita to provide their clients and members with some of the best protection advice...

StepChange comments on Bank of England lending data, and reveals rise in those seeking debt advice in full-time employment

Commenting on today’s Money and Credit data from the Bank of England, which showed net consumer credit borrowing of £0.4 billion in August, StepChange Debt...

aperture launches The Market Map for Banking-as-a-Service Providers

aperture, a strategy consultancy, today launches a new report on the embedded banking market, “Embedded Banking: The Opportunity and the Providers Best...

West One joins MCI’s lender panel

MCI mortgage club has welcomed the bridging and buy-to-let divisions of West One Loans to its growing lender panel. West One’s bridging arm provides an...

Yolt Technology Services (YTS) and Keebo announce strategic partnership to deploy next generation of credit card management

Yolt Technology Services (YTS), one of Europe’s leading open banking providers, has been chosen by Keebo, a new generation UK credit card provider, to deploy...

Pay Growth Much Lower Than Heralded

While many headlines have heralded 2021 yielding significant pay growth for the UK, the reality is much more muted, according to the September 2021 Money...

Pandemic breaks money taboos: COVID is changing the conversation

One in five (22%) people say the pandemic has made them more likely to discuss money problems with their family. One in six (16%) say it has made them more...

Technology award for Lending Metrics

LendingMetrics has scooped Technology Partner of the Year at the 2021 Consumer Credit Awards. The financial technology and data specialist was announced as the...

Just Mortgages set to train 120 new brokers

National broker firm Just Mortgages aims to bring in 120 new brokers into the mortgage industry over the next 12 months. These brokers will be provided with...

West One buy-to-let added to PRIMIS Mortgage Network lender panel

West One Loans has been appointed to the PRIMIS Mortgage Network panel in a move which will boost the lender’s ambition to be the ‘go-to option’ for...

Consumer Credit Awards 2021 Winners Announced

The winners of the Consumer Credit Awards 2021, run by Smart Money People, have been announced. This was a record year for voting, with over 31,000 consumers...

StepChange urges DWP to improve historic Tax Credit overpayment deductions practices that leave 98% struggling

Deductions from Universal Credit used by the Department for Work and Pensions to collect historic tax credit overpayments are leaving households unable to pay...

JLM Mortgage Services integrates OMS

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been integrated across it proposition by...

COVID sees number of “side-hustlers” double

One in four (24%) UK adults now work a second or third job, or run a “side hustle” to boost their earnings. Research from Credit Karma reveals that the...

Recognise Bank enter personal savings market

Recognise Bank, one of the UK’s newest banks, has announced that it is entering the personal savings market with the launch of a range of fixed rate and...

Specialist Mortgage Group celebrates 20th Anniversary

Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, is this month celebrating the 20th Anniversary of the business....

Administrators appointed at Barrow & District Credit Union Limited

James Sleight and Peter Hart of PKF GM have been appointed as Joint Administrators of Barrow & District Credit Union Limited. The Financial Services...

£360million Covid rent debt crisis will escalate unless Universal Credit cut is reversed, StepChange warns

A £360 million wall of rent debt built up during the pandemic combined with cuts to Universal Credit threatens to leave hundreds of thousands of tenants...

SDL Surveying launch Degree Apprenticeship scheme with Nottingham Trent University

National residential surveying and valuations firm, SDL Surveying, has today announced details of its new apprenticeship scheme which is being run in...

Curve Launches Flex

Curve is very proud to announce Curve Flex, a unique rival to Buy Now Pay Later (BNPL). After receiving FCA approval on September 1st, Curve has quietly...

Evolution Money appoint new Chief Digital Officer

Evolution Money, the second-charge lending specialist, has today announced the appointment of a new Chief Digital Officer (CDO). Matt Meecham joins the...

House prices pull back from record highs as market pauses for breath (ONS)

Average house prices were up 8% in a year to July, down from 13.1% a month earlier. The average house price dropped back to £265,668 – it’s still up...

FT poll shows 90% learnt ‘little or nothing’ about finance at school

The Financial Times has launched a new charity endorsed by the former prime minister Gordon Brown, focused on the promotion of financial literacy and inclusion...

The Nottingham’s Beehive Money launches its first ever savings app and exclusively welcomes VIBee members

Beehive Money, part of The Nottingham, has today announced the launch of its first ever app. The building society introduced Beehive Money as its sister brand...

Consumer car finance market falls by 20% in July

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

Consumer finance new business grew by 2% in July 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 2% in July 2021 compared with the...

UK Borrowers 31 Percent More Likely to Open Account Digitally Than in 2020

A new study in the UK by analytics software firm FICO shows that UK consumers today are 31 percent more likely to open an account digitally than a year ago....

New sustainability and ESG finance director within Lloyds Bank’s CIC team

Lloyds Bank Commercial Banking has bolstered its client-focused Sustainability & ESG Finance Team, which supports larger businesses to achieve their...

Paradigm sign equity release referral partnership with HUB Financial Solutions

Paradigm Mortgage Services, the mortgage services proposition, has today announced it has entered into a referral partnership with HUB Financial Solutions to...

CHL Mortgages expands distribution panel with In Partnership

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has expanded its distribution panel with the addition of mortgage, protection and investment...

Nationwide records annual house price growth of 11 per cent for August

Stamp duty relief on properties up to the value of £250,000 is thought to be behind August’s surprise house price upturn said the country’s second...

The Right Mortgage Network launch brand new vulnerability hub

The Right Mortgage and Protection Network have prioritised advisers’ need for awareness and launched a brand-new hub on vulnerability. The Right Mortgage...

Successful lender services duo back together after four years

ONE OF the most successful partnerships in lender services has been rekindled following a major appointment at Scottish law firm, Alston Law. The recruitment...

Comment on the Bank of England money and credit figures for July

Following the BoE figures this morning Richard Pike, Phoebus Software’s sales and marketing director, says “There is evidence from today’s figures that...

Sigma celebrates Pure Planet contract win following vulnerable customer pilot

A business outsourcing specialist has won a new contract to support a 100% renewable energy supplier to manage its most vulnerable or financially challenged...

Retail Sales Drop Alongside ‘Pingdemic’ and Shifts in Spending

“After months of growth, the latest ONS retail statistics show a small 2.5% decrease in retail sales between June and July 2021. The “pingdemic”, where...

Property transactions shows urgency has faded, but desire is still there

Following the latest property transactions data revealing transactions dropped from record highs in June, John Phillips, national operations director, Just...

Difficult Winter Coming For Many UK Households

While the UK economy continues its gradual encouraging pandemic recovery, signs are growing that the coming winter will be deeply financially difficult for...

UK’s first self and custom build mortgage broker platform now launched

BuildLoan, the UK’s leading distributor of self and custom build funding solutions for the intermediary market, has announced the launch of its...

The Finance Planning Group launches with Proportunity

Mortgage and protection network, The Finance Planning Group, has this week teamed up with Proportunity. The Finance Planning Group uses the latest technology...

Challenger banks take the top spot for customer service, but good CX isn’t all about digital

With Monzo, First Direct and Starling Bank taking the top spot for customer service, according to the latest survey from the Competition and Markets Authority,...

CHL Mortgages widens intermediary distribution panel with TBMC

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has bolstered its distribution panel with the addition of The Business Mortgage Company...

OSB Group PLC renews contract with Phoebus Software

OSB Group (OSB) and Phoebus Software Limited (PSL) have signed a new 5-year contract. The specialist lender has been a client of PSL since 2013 and the new...

Allica Bank adds Freeths to legal panel to boost lending speed

Allica Bank has partnered with national, commercial law firm, Freeths LLP, as it continues to drive lending speed and improve transparency for brokers and SME...

Countrywide Surveying Services appoints Surveyor Development Manager

Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced the appointment of Ashley Miskin as...

FICO UK Credit Market Report June 2021: Consumer Credit Card Spending Above 2019 Levels

Global analytics software provider FICO today released its analysis of UK card trends for June 2021. Maintaining the pattern for the year so far, average spend...

OMS signs tech agreement with The Lending Channel

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has signed an agreement with The Lending Channel to...

W1TTY Taps Oracle to Provide a Better Digital Banking Experience to Customers

W1TTY, a smart finance innovator set to launch this autumn, aims to offer customers a clear choice in how they manage their money with hyper-personalised...

Pink Pig Loans announce trio of new Directors

Pink Pig Loans, the specialist finance packager and distributor, has today announced the appointment of a trio of new Directors to its Board to support its...

OMS completes full integration with Selina Finance

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has completed a full integration with lender Selina...

Consumer car finance market up by 12% in June

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 grew by 28% in June 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 28% in June 2021 compared with the...

StepChange releases June client trends and comments on new Bank of England money and credit data

StepChange Debt Charity has today released an update on the profile of its clients in June – and emphasises that, while the increase in borrowing recorded in...

The Nottingham grows membership and returns to profitability

The Nottingham today announced its mid-year results for trading in the six months to 30 June 2021 and shared positive progress against its priorities to grow...

A decade of rental data – how the UK market has really fared since 2012 Olympics

Data from MIAC Property Analytics’ Rental Index using its newly developed interactive web platform has given a clear visual picture of UK residential rental...

Financial Uncertainty Set For Foreseeable

A mixed financial picture continues this month, with promising signs of economic recovery tempered by the continuing effects of the pandemic, according to the...

MCI signs Proportunity to its lender panel

Proportunity, the equity loan provider helping people to raise a large enough deposit, is the latest lender to join The MCI mortgage club. MCI continues to...

Property sales hit a blistering new record in June – doubling May’s sales

Property sales hit a new record of 213,120 in June (not seasonally adjusted), more than double the number in May. This is the biggest month for sales since...

Property sales hit a blistering new record in June – doubling May’s sales

Property sales hit a new record of 213,120 in June (not seasonally adjusted), more than double the number in May. This is the biggest month for sales since...

Paradigm Mortgage Services announces new partnership with Molo Finance

Paradigm Mortgage Services, the mortgage services proposition, has today announced a new partnership with digital mortgage lender, Molo Finance. Paradigm...

House prices up by as much as £100,000 in a single year

Research from the national estate agent, Keller Williams UK, has revealed where across the UK homeowners have seen the biggest cash boost in property values in...

Comment from MaPS: FCA taking action against debt packager firms

“The FCA’s review highlights the potential harms consumers face if they are not able to access impartial debt advice. We welcome the FCA’s intervention...

Coalition of consumer groups, charities and industry bodies calls for inclusion of paid for online advertising in Online Safety Bill

A coalition of consumer groups, charities and financial services industry bodies, including Which? UK Finance, Martin Lewis and MoneySavingExpert, the Personal...

Zephyr Homeloans reduces rates across majority of products

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates across the majority of its products. Zephyr’s new rates...

Less than half of us have enough emergency savings – including retirees and higher earners

51% of people don’t have enough emergency savings. Almost half of retirees (46%) don’t have a big enough safety net, along with almost one in four...

StepChange responds to new FCA business plan

In a speech to mark the publication of the Financial Conduct Authority’s (FCA) new business plan for 2021/22, FCA CEO Nikhil Rathi set out the vision for its...