
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...
July 1st, 2022

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...
July 1st, 2022

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...
July 1st, 2022

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...
July 1st, 2022

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...
June 28th, 2022

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...
June 28th, 2022

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...
June 24th, 2022

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...
June 23rd, 2022

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....
June 23rd, 2022

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...
June 23rd, 2022

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...
June 22nd, 2022

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...
June 21st, 2022

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...
June 21st, 2022

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...
June 21st, 2022

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...
June 21st, 2022

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...
June 21st, 2022

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...
June 21st, 2022

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...
June 21st, 2022

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...
June 21st, 2022

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...
June 17th, 2022

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...
June 17th, 2022

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...
June 16th, 2022

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...
June 16th, 2022

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...
June 15th, 2022

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...
June 14th, 2022

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...
June 13th, 2022

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...
June 13th, 2022

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...
June 13th, 2022

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...
June 10th, 2022

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,...
June 9th, 2022

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...
June 9th, 2022

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,...
June 8th, 2022

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...
June 8th, 2022

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...
June 8th, 2022

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...
June 8th, 2022

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....
June 8th, 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....
June 7th, 2022

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...
June 7th, 2022

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...
June 6th, 2022

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...
June 1st, 2022

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...
June 1st, 2022

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),...
May 31st, 2022

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...
May 31st, 2022

“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...
May 31st, 2022

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...
May 31st, 2022

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...
May 30th, 2022

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...
May 30th, 2022

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...
May 27th, 2022

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,...
May 27th, 2022

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...
May 27th, 2022

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...
May 27th, 2022

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...
May 26th, 2022

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...
May 25th, 2022

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...
May 25th, 2022

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...
May 24th, 2022

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,...
May 24th, 2022

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...
May 24th, 2022

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...
May 24th, 2022

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...
May 23rd, 2022

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...
May 23rd, 2022

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...
May 19th, 2022

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...
May 19th, 2022

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,...
May 18th, 2022

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...
May 18th, 2022

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...
May 18th, 2022

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...
May 18th, 2022

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...
May 18th, 2022

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...
May 18th, 2022

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...
May 16th, 2022

‘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...
May 16th, 2022

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...
May 16th, 2022

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...
May 16th, 2022

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...
May 13th, 2022

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...
May 13th, 2022

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...
May 11th, 2022

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...
May 11th, 2022

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...
May 10th, 2022

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...
May 9th, 2022

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...
May 6th, 2022

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...
May 6th, 2022

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...
May 6th, 2022

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...
May 6th, 2022

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...
May 5th, 2022

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,...
May 5th, 2022

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...
May 5th, 2022

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...
May 5th, 2022

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...
May 5th, 2022

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...
May 4th, 2022

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...
May 4th, 2022

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...
May 4th, 2022

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...
May 3rd, 2022

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...
May 3rd, 2022

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...
May 3rd, 2022

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...
April 29th, 2022

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,...
April 29th, 2022

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...
April 29th, 2022

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...
April 28th, 2022

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...
April 27th, 2022

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...
April 27th, 2022

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...
April 26th, 2022

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...
April 25th, 2022

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...
April 21st, 2022

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...
April 20th, 2022

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...
April 20th, 2022

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...
April 19th, 2022

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...
April 14th, 2022

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...
April 14th, 2022

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...
April 13th, 2022

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...
April 12th, 2022

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....
April 12th, 2022

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...
April 12th, 2022

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...
April 11th, 2022

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...
April 11th, 2022

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...
April 8th, 2022

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...
April 8th, 2022

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:...
April 8th, 2022

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...
April 7th, 2022

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...
April 7th, 2022

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...
April 6th, 2022

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...
April 6th, 2022

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...
April 5th, 2022

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...
April 4th, 2022

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...
April 4th, 2022

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...
April 4th, 2022

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...
March 31st, 2022

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...
March 31st, 2022

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...
March 30th, 2022

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....
March 30th, 2022

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...
March 30th, 2022

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...
March 29th, 2022

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...
March 29th, 2022

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...
March 29th, 2022

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...
March 29th, 2022

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...
March 29th, 2022

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...
March 29th, 2022

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...
March 28th, 2022

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...
March 28th, 2022

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...
March 24th, 2022

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 –...
March 23rd, 2022

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...
March 23rd, 2022

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...
March 23rd, 2022

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...
March 23rd, 2022

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...
March 22nd, 2022

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...
March 22nd, 2022

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...
March 22nd, 2022

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...
March 18th, 2022

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...
March 18th, 2022

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...
March 17th, 2022

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...
March 17th, 2022

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...
March 15th, 2022

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....
March 15th, 2022

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...
March 14th, 2022

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...
March 11th, 2022

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...
March 11th, 2022

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...
March 11th, 2022

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...
March 11th, 2022

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...
March 11th, 2022

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...
March 10th, 2022

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...
March 10th, 2022

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...
March 9th, 2022

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...
March 9th, 2022

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...
March 8th, 2022

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...
March 7th, 2022

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...
March 7th, 2022

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...
March 7th, 2022

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...
March 4th, 2022

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...
March 2nd, 2022

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...
March 2nd, 2022

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...
March 1st, 2022

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...
March 1st, 2022

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...
March 1st, 2022

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...
March 1st, 2022

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...
March 1st, 2022

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...
March 1st, 2022

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...
February 25th, 2022

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...
February 25th, 2022

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...
February 24th, 2022

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...
February 23rd, 2022

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...
February 22nd, 2022

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,...
February 22nd, 2022

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...
February 21st, 2022

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...
February 21st, 2022

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...
February 21st, 2022

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...
February 21st, 2022

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...
February 18th, 2022

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...
February 17th, 2022

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...
February 17th, 2022

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...
February 16th, 2022

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...
February 16th, 2022

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...
February 15th, 2022

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...
February 15th, 2022

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...
February 15th, 2022

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...
February 15th, 2022

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...
February 15th, 2022

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...
February 14th, 2022

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...
February 14th, 2022

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...
February 14th, 2022

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....
February 14th, 2022

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...
February 10th, 2022

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...
February 9th, 2022

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...
February 9th, 2022

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...
February 9th, 2022

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...
February 8th, 2022

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...
February 8th, 2022

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...
February 3rd, 2022

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...
February 3rd, 2022

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...
February 3rd, 2022

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....
February 3rd, 2022

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...
February 3rd, 2022

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...
February 1st, 2022

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...
February 1st, 2022

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,...
January 31st, 2022

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...
January 31st, 2022

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...
January 28th, 2022

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...
January 28th, 2022

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...
January 28th, 2022

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...
January 28th, 2022

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...
January 27th, 2022

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...
January 27th, 2022

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...
January 27th, 2022

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...
January 26th, 2022

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...
January 25th, 2022

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...
January 25th, 2022

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...
January 21st, 2022

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...
January 21st, 2022

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...
January 21st, 2022

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...
January 21st, 2022

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,...
January 21st, 2022

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...
January 20th, 2022

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...
January 19th, 2022

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...
January 18th, 2022

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...
January 18th, 2022

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...
January 14th, 2022

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...
January 13th, 2022

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...
January 11th, 2022

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...
January 11th, 2022

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...
January 11th, 2022

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,...
January 10th, 2022

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...
January 7th, 2022

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...
January 6th, 2022

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...
January 6th, 2022

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...
January 6th, 2022

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...
January 5th, 2022

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...
January 4th, 2022

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...
January 4th, 2022

‘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...
December 24th, 2021

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,...
December 22nd, 2021

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...
December 22nd, 2021

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,...
December 21st, 2021

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...
December 20th, 2021

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...
December 20th, 2021

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...
December 17th, 2021

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...
December 17th, 2021

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...
December 16th, 2021

‘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...
December 16th, 2021

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...
December 15th, 2021

‘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...
December 14th, 2021

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...
December 10th, 2021

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...
December 9th, 2021

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...
December 9th, 2021

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...
December 9th, 2021

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...
December 9th, 2021

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...
December 8th, 2021

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...
December 7th, 2021

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...
December 7th, 2021

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...
December 7th, 2021

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...
December 7th, 2021

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...
December 6th, 2021

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,...
December 6th, 2021

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,...
December 6th, 2021

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...
December 3rd, 2021

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...
December 2nd, 2021

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...
December 2nd, 2021

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...
December 1st, 2021

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...
November 29th, 2021

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,...
November 29th, 2021

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...
November 26th, 2021

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...
November 26th, 2021
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...
November 26th, 2021

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...
November 25th, 2021

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...
November 25th, 2021

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...
November 25th, 2021

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...
November 24th, 2021

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...
November 23rd, 2021

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...
November 23rd, 2021

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...
November 22nd, 2021

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...
November 17th, 2021

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...
November 16th, 2021

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...
November 16th, 2021

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...
November 16th, 2021

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,...
November 15th, 2021

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...
November 12th, 2021

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...
November 11th, 2021

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...
November 11th, 2021

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...
November 9th, 2021

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...
November 9th, 2021

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...
November 9th, 2021

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...
November 5th, 2021

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...
November 5th, 2021

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...
November 5th, 2021

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...
November 3rd, 2021

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,...
November 2nd, 2021

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...
November 1st, 2021

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...
October 29th, 2021

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...
October 29th, 2021

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...
October 28th, 2021

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’...
October 28th, 2021

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...
October 27th, 2021

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...
October 27th, 2021

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...
October 27th, 2021

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,...
October 27th, 2021

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...
October 26th, 2021

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...
October 25th, 2021

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...
October 22nd, 2021

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...
October 22nd, 2021

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...
October 22nd, 2021

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...
October 19th, 2021

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...
October 19th, 2021

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...
October 15th, 2021

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...
October 14th, 2021

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...
October 14th, 2021

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...
October 14th, 2021

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...
October 13th, 2021

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...
October 13th, 2021

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...
October 13th, 2021

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...
October 12th, 2021

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...
October 12th, 2021

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...
October 11th, 2021

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...
October 11th, 2021

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...
October 11th, 2021

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...
October 11th, 2021

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...
October 8th, 2021

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...
October 6th, 2021

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...
October 6th, 2021

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...
October 6th, 2021

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...
October 5th, 2021

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...
October 5th, 2021

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...
October 4th, 2021

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...
October 1st, 2021

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...
September 30th, 2021

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...
September 30th, 2021

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...
September 29th, 2021

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...
September 29th, 2021

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...
September 29th, 2021
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...
September 28th, 2021

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...
September 28th, 2021

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...
September 28th, 2021

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...
September 28th, 2021

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...
September 28th, 2021

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...
September 24th, 2021

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...
September 24th, 2021

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...
September 23rd, 2021

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...
September 23rd, 2021

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...
September 23rd, 2021

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...
September 22nd, 2021

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....
September 21st, 2021

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...
September 20th, 2021

£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...
September 20th, 2021

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...
September 17th, 2021

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...
September 17th, 2021

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...
September 16th, 2021

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...
September 15th, 2021

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...
September 15th, 2021

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...
September 13th, 2021

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...
September 11th, 2021

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...
September 11th, 2021

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....
September 8th, 2021

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...
September 8th, 2021

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...
September 3rd, 2021

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...
September 3rd, 2021

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...
September 3rd, 2021

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...
September 3rd, 2021

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...
August 31st, 2021
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...
August 31st, 2021

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...
August 31st, 2021

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...
August 25th, 2021

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...
August 24th, 2021

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...
August 24th, 2021

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...
August 23rd, 2021

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...
August 23rd, 2021

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,...
August 18th, 2021

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...
August 17th, 2021

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...
August 16th, 2021

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...
August 16th, 2021

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...
August 13th, 2021

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...
August 12th, 2021

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...
August 10th, 2021

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...
August 5th, 2021

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...
August 4th, 2021

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...
August 4th, 2021

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...
August 3rd, 2021
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...
August 3rd, 2021

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...
July 30th, 2021

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...
July 30th, 2021

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...
July 30th, 2021

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...
July 28th, 2021

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...
July 26th, 2021

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...
July 21st, 2021

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...
July 21st, 2021

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...
July 21st, 2021

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...
July 21st, 2021

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...
July 20th, 2021

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...
July 20th, 2021

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...
July 20th, 2021

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...
July 19th, 2021

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...
July 16th, 2021

CHL Mortgages expands distribution panel with MAB
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has further expanded its distribution with the addition of Mortgage Advice Bureau (MAB)....
July 16th, 2021

Double-digit house price rises in May are the highest since the financial crisis
Average house prices were up 10% in a year to May. This is the highest annual price growth in almost 14 years – since just before the onset of the...
July 14th, 2021

MCI expands panel with the addition of Glenhawk
MCI Mortgage Club has added bridging lender Glenhawk to its panel giving its members even more choice for clients seeking short-term property finance. Glenhawk...
July 14th, 2021

Financial Ombudsman Service – HP Motor Accounted for Just 3.3% of Complaints
The Financial Ombudsman Service (FoS) recently published its annual complaints data for the 2020/21 financial year (April 2020-March 2021; their report...
July 13th, 2021

Foundation Home Loans launches Limited Edition 2.99% Five-Year Fixed Rate Portfolio Landlord special
Foundation Home Loans, the intermediary-only specialist lender, has today launched a new Limited Edition five-year, fixed-rate buy-to-let product specifically...
July 13th, 2021

BuildLoan and Loughborough launch two cost-based self-build products
Working together BuildLoan and Loughborough Building Society have created two competitive cost-based self-build mortgage products offering a choice of advance...
July 13th, 2021

Sales team boost at LendingMetrics
Intelligent decisioning technology provider LendingMetrics has made two new sales appointments to match growing demand. The company behind the...
July 12th, 2021

Conveyancing Association seeks Government legislation to deliver leasehold reform
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today urged the Government to move ‘further and faster’ in...
July 12th, 2021

Brunel Mortgages selects OMS as preferred tech provider
Brunel Mortgages has selected One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, as its preferred tech...
July 12th, 2021

Majority of buy-to-let landlords put their trust in brokers to find the best loan, according to Hodge research
New research by Hodge has found nearly three-quarters of portfolio buy-to-let landlords prefer to access finance through a broker, rather than go directly to...
July 9th, 2021

Gen Z and Millennials Increasingly Positive About Shrugging off COVID-19’s Impact on Household Finances
Despite bearing much of the negative economic impact of the pandemic, Gen Z and Millennials are becoming less concerned about the long-term impact of COVID-19...
July 7th, 2021

Consumer finance new business grew by 116% in May 2021
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 116% in May 2021 compared with the...
July 5th, 2021

Consumer car finance market up by 327% in May
New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of...
July 5th, 2021

ULS technology recruits Chief Technology Officer
Ed Mardell joins ULS technology as Chief Technology Officer leading its continued investment in making buying, selling and owning a home better. Ed has worked...
July 5th, 2021

CHL Mortgages extends distribution panel
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has extended its distribution panel with the addition of SimplyBiz Mortgages. Established in...
July 5th, 2021

AS Financial opts for OMS
One Mortgage System (OMS), the seamless single-input enquiry to completion mortgage processing platform for brokers, has been adopted as its preferred tech...
July 5th, 2021

Study reveals resilience of alternative finance sector and growing contribution to business funding
The Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School, University of Cambridge, today published its 2nd Global Alternative...
July 2nd, 2021

Together re-introduces its lowest ever residential and BTL mortgage rates
Specialist lender Together has lowered its residential and buy-to-let mortgage rates to support more borrowers as the stamp duty holiday is phased out. The...
July 1st, 2021

Chartered Banker Institute and HSBC UK join forces to support responsible and sustainable banking
The Chartered Banker Institute (the Institute) and HSBC UK are working together to develop the knowledge and expertise of the bank’s commercial banking team...
July 1st, 2021

Just Mortgages recruits 37 new brokers in June
Leading broker firm, Just Mortgages, is experiencing exponential growth with the recruitment of almost forty new brokers in June 2021. 19 brokers have...
July 1st, 2021

CHL Mortgages appointed by Tenet
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has been appointed by Tenet to its lending panel. CHL’s product range caters for...
July 1st, 2021

Mortgage Lending on the Rise Again According To Latest Bank of England Statistics
“The extension of the stamp duty holiday is a likely factor behind the increase in net mortgage borrowing, which bounced back to £6.6bn in May, up from...
June 30th, 2021

Sensée Creates 500 New Work-from-Home Contact Centre Roles
Sensée, the work-from-home specialist, is creating 500 new permanent and temporary positions to meet the growing demand for homeworking staff. The vacancies...
June 30th, 2021

Credit Kudos appoints Open Banking specialist Manoj Peiris as Head of Legal
Credit Kudos has announced the appointment of Manoj Peiris as its new Head of Legal as it seeks to further enhance its proposition for partners, from fintechs...
June 30th, 2021

Pandemic Heavily Disrupts Young People’s Financial Lives
While statistically less at a health risk, the heavy impact of the pandemic on young people’s financial lives continues to be laid bare, according to the...
June 30th, 2021

New QR-code based open banking app offers low-cost digital payment solution for SMEs
A new QR-code payment and invoicing app has been launched to offer an easy an affordable way for small businesses and sole traders to receive digital payments...
June 30th, 2021

BoE comment: Property market at full tilt
Following the Bank of England releasing the latest housing stats finding that mortgage approvals increased slightly in May, Jonathan Sealey, CEO at specialist...
June 29th, 2021

Bank of England credit data mask serious debt problems, says StepChange
StepChange Debt Charity says that today’s Money & Credit data from the Bank of England showing a return to net borrowing by UK households should give...
June 29th, 2021

Specialist lenders used for more adverse credit cases than H2 2020 and receive top scores for criteria from brokers
Research from Smart Money People has found that specialist mortgage lenders received the highest percentage of positive feedback from brokers about their...
June 29th, 2021

Property sales slow gently rather than screeching to a halt, but buyer fatigue could apply the brakes
102,100 homes sold in May (not seasonally adjusted), down around 10,000 from April and around 71,000 since March. It’s still more than double the previous...
June 23rd, 2021

Paradigm add Saffron for Intermediaries to lender panel
Paradigm Mortgage Services, the mortgage services proposition, has today added Saffron for Intermediaries to its lender panel. From today, Paradigm member...
June 23rd, 2021

Rental incomes climb by as much as 68% since the last financial downturn
Research from Build to Rent specialists, Ascend Properties, has revealed which areas of the English rental market have performed the strongest since the...
June 22nd, 2021

50% more people are taking out a RIO mortgage for home improvements
Customer application data for Retirement Interest Only (RIO) mortgages with Hodge has revealed a 50% increase in the number of people who are looking to use...
June 21st, 2021

Build to Rent pipeline already expected to boost sector value by £10.9bn in 2021
Research from Build to Rent specialists, Ascend Properties, has revealed how the sector is poised to gain further momentum due to the number of units currently...
June 17th, 2021
House prices fall in April, but it’s not necessarily the beginning of the end (ONS)
Average house prices fell 1.9% between March and April, although they were still up 8.9 in a year. The average house price fell back around £5,000 from March,...
June 17th, 2021

CHL Mortgages and Dynamo to join forces again
CHL Mortgages, the intermediary-only specialist buy-to-let lender has been appointed by Dynamo for Intermediaries following their return to lending earlier...
June 16th, 2021

A new report reveals half of UK parents struggle to talk to their children about money
The concept of money and saving is a crucial part of being financially independent and responsible. Blacktower Financial Management surveyed 1,500 UK parents...
June 14th, 2021

West One Loans welcomes Nick Jones as Sales Director
The UK’s leading non-bank lender, West One Loans, continues with exciting 2021 growth plans by welcoming one of the industry’s foremost sales and...
June 14th, 2021

Zephyr Homeloans launches exclusive 80% LTV mortgage through its packager channel
Specialist buy-to-let (BTL) lender Zephyr Homeloans has made 80% loan-to-value (LTV) mortgages available exclusively through its packager channel. Rates for...
June 14th, 2021

Overall broker satisfaction with mortgage lenders has improved by 2.5% since 2020 according to Smart Money People’s Mortgage Lender Benchmark
New research out today from Smart Money People has found that broker satisfaction with mortgage lenders has increased by 2.5% from 77.8% to 80.3% in the last...
June 10th, 2021

Paradigm announce new Director of Mortgages
Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of Richard Howes as its new Director of Mortgages. Richard,...
June 10th, 2021

The Right DA Club welcomes Bob Scott as its new Managing Director.
Bob Scott has been appointed as the Directly Authorised club’s new Managing Director, where Bob will lead The Right Mortgage owned DA proposition. Reflecting...
June 9th, 2021

Consumer car finance market boost in April as showrooms re-open
New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of...
June 7th, 2021

Consumer finance new business grew by 147% in April 2021
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 147% in April 2021 compared with the...
June 7th, 2021

Foundation Home Loans announces sales team personnel changes
Foundation Home Loans, the intermediary-only specialist lender, has today announced a number of personnel changes within its sales team and a series of...
June 3rd, 2021

PayPoint calls for COVID stimulus schemes to be financially inclusive
Following confirmation that adults in Northern Ireland will be able to apply for a £100 pre-paid card to spend at high streets across the country at the end...
June 3rd, 2021

Delays and higher house prices see homebuyers fall out of love with the stamp duty holiday
Research by estate and lettings agent, Barrows and Forrester, has revealed that the shine is starting to come off the stamp duty holiday for disgruntled...
June 2nd, 2021

Mortgage demand remains strong as stamp duty holiday deadline draws near
Applications for mortgages in May 2021 are up 8% on 2019 levels, a pre-pandemic year, with just one month to go until the stamp duty holiday extension is...
June 2nd, 2021

CHL Mortgages appointed to Legal & General Mortgage Club Panel
CHL Mortgages, the intermediary-only specialist buy-to-let lender continues to expand its distribution by taking a major step in its phased return to the...
June 1st, 2021

Countrywide Surveying Services successfully attains ISO27001 recertification
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has successfully been re-certified as ISO27001...
May 28th, 2021

Paradigm’s John Coffield announces retirement
John Coffield, Head of Mortgages at Paradigm Mortgage Services, has today announced he will be stepping down from his position and retiring at the end of...
May 27th, 2021

Robert Owen, United Trust Bank’s Managing Director – Mortgages & Bridging, announces his retirement at the end of the year
Robert Owen, Managing Director of United Trust Bank’s (UTB) Mortgages & Bridging Division, has announced that he will be stepping back from his...
May 27th, 2021

‘Mortgagez’ storms the market with brand new, state of the art mortgage platform
The online mortgage broker market has existed as a relatively confusing and fragmented environment for many years with very little to differentiate between the...
May 25th, 2021

The Money Stats – May 2021 – Wider Economic Recovery Tempered By Significant Proportion of Households in Financial Distress
Encouraging indications of economic recovery continue to be tempered by new reports further detailing the heavy effects of the pandemic on a significant...
May 25th, 2021

Men have borrowed their way through the pandemic: FCA
Before the crisis, men were more likely to hold credit cards or loans than women (87% of men and 83% of women). However, women were more likely to hold retail...
May 24th, 2021

Impact Specialist Finance appointed Sesame Bankhall Group new master broker panel
Impact Specialist Finance has been reappointed to the Sesame Bankhall Group approved specialist lending panel of master brokers after an extensive review of...
May 24th, 2021

CHL Mortgages adds New Leaf to its select distribution panel
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has added New Leaf to its select distribution panel. The arrangement will allow advisers...
May 24th, 2021

Stamp duty holiday may not be the only driver – Comment on the HMRC Property transactions for April
Following the HMRC property transaction figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “The numbers today tell quite...
May 21st, 2021

Over half of Britons maintaining use of cash as lockdown lifts
New research from Diebold Nixdorf has found that over 50% of the public are still using cash on a weekly basis, reinforcing the importance of access to cash as...
May 20th, 2021

Broker satisfaction with mortgage lenders’ app to offer times has increased by 6.5% since H2 2020
New research from Smart Money People, the leading financial services customer review and insight website, has found that broker satisfaction with how quickly...
May 20th, 2021

Rates and fees lowered as Landbay upgrades broker portal
Landbay has reduced rates and fees across its core buy-to-let product range and completed a significant upgrade to its broker portal. Some of Landbay’s rates...
May 19th, 2021

Probate platform Exizent partners with Experian to transform and digitise asset discovery
Legal technology firm Exizent has announced a partnership with Experian to automate the asset discovery process involved in probate. The milestone partnership...
May 18th, 2021

FCA sends thousands of staff on cyber and financial crime training courses
The Financial Conduct Authority (FCA) has sent 4,430 of its employees on compulsory cyber and information security courses over the past two financial years...
May 18th, 2021

Stonebridge announces 2020-21 financial results
Stonebridge, the national mortgage and insurance network, has today announced results for its 2020-21 financial year having achieved record yearly lending...
May 17th, 2021

Rightmove House Price Index – industry reaction to yet another record report
The latest Rightmove House Price Index shows that: – New records continue to be set as the average price of property coming to market this month jumps by...
May 17th, 2021

PIMFA welcomes FCA proposals to enhance consumer protections but warns against unintended consequences
PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, has given a cautious welcome to the...
May 14th, 2021

FCA consultation on a new consumer duty is a vital opportunity to improve outcomes for consumers
The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the FCA’s new consultation on a consumer duty as a vital...
May 14th, 2021

StepChange welcomes FCA’s stronger consumer protections
The FCA has today issued a consultation on a proposed new ‘Consumer Duty,’ designed to ensure consumers of FCA regulated products receive a higher level of...
May 14th, 2021

Comment: FCA Consultation paper on the new consumer principle
Commenting on the FCA Consultation paper on the new consumer principle that was announced today, Caroline Siarkiewicz, Chief Executive Officer of the Money and...
May 14th, 2021

Conveyancing Association welcomes inclusion of Leasehold Reform in Queen’s Speech
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today welcomed the inclusion of a new Leasehold Reform (Ground...
May 13th, 2021

MyCredit from Incuto, Powered by TransUnion, Offers New Financial Education Tool to Credit Union Members
Fintech for social good incuto today announces the launch of MyCredit, a new financial education tool enabling members of credit unions and community-based...
May 12th, 2021

Centre for Responsible Banking – supporting a responsible and sustainable banking profession
Today, we are delighted to announce the launch of our Centre for Responsible Banking, supporting our key aim to build a responsible and sustainable banking...
May 11th, 2021

OMS partners with Nivo to deliver facial recognition ID verification service
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform, has partnered with Nivo, a secure mobile messaging platform to...
May 11th, 2021

Consumer finance new business grew by 7% in March 2021
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew in March 2021 by 7% compared with the...
May 10th, 2021

Leeds Building Society added to Active Savings platform taking total partner providers to the highest ever number
Leeds Building Society joins the Active Savings platform offering a 12-month fixed-term account paying 0.40% – applications are open until 16 May 2021....
May 6th, 2021

Conveyancing Association appoints new Non-Executive Chair
The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today announced the appointment of a new Non-Executive Chair....
May 6th, 2021

Just Mortgages gives brokers the option to work from home
Leading national broker firm, Just Mortgages is launching a new work from home option for experienced brokers. The option is available for those who have at...
May 5th, 2021

Breathing Space can’t hold back the tide of post-pandemic debt – comments
Today’s introduction of the Debt Respite Scheme (Breathing Space) is welcome, but sees an increasingly complex debt landscape ahead needing further support...
May 4th, 2021

CHL Mortgages announces their return to lending
CHL Mortgages has announced their return to lending as an intermediary-only specialist buy-to-let lender. CHL Mortgages has appointed Matt Kimber as Managing...
May 4th, 2021

Just Mortgages’ lending surges by 59% to £3.5bn
Leading broker firm Just Mortgages has recorded incredible annual growth in 2020, with lending figures increasing by 59% to £3.5bn and profits up by 20%....
April 30th, 2021

We welcome the launch of Breathing Space
From 4 May 2021 people in England and Wales seeking debt advice may be entitled to a 60-day pause on interest, fees and new enforcement action under the...
April 30th, 2021

Financial Wellness Group launches the Financial Wellness Group Foundation
Financial Wellness Group has set up the Financial Wellness Group Foundation – which has the mission of improving financial wellbeing in the UK through...
April 29th, 2021

MCI adds Newbury Building Society to panel
MCI Mortgage Club continues to expand its panel of lenders with the welcome addition of Newbury Building Society. Newbury offers a wide mortgage range from...
April 29th, 2021

Debt falls by almost one third since first lockdown
Average outstanding unsecured credit balances have dropped by 32% over the past year of enforced COVID-19 lockdowns, according to new analysis from Experian....
April 28th, 2021

BankHubs launch to provide communities with vital cash and banking services from their local Post Office
Two ‘BankHubs’ have opened today as part of the Communities Access to Cash Pilots (CACP) initiative. The new centres in Rochford and Cambuslang will...
April 28th, 2021

First Glimmers of ‘Post-Covid’ Financial Lives Emerge
With Covid-19 restrictions continuing to be lifted, the first glimmers of what ‘post-Covid’ financial life may look like for UK households have started to...
April 27th, 2021

Danielle Wilson joins the Right Mortgage and Protection Network
The Right Mortgage and Protection Network bolster Marketing Department and welcome Danielle Wilson as Network’s recruitment wave continues. Danielle led the...
April 26th, 2021

OMS adopted by Dragon Network & Finance
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been adopted by The Dragon Network and Dragon...
April 22nd, 2021

Just Mortgages’ self-employed division expands by 20%
Just Mortgages’ self-employed division has grown by an incredible 60 brokers in the first three months of 2021. At the end of 2020, the self-employed broker...
April 21st, 2021

Commentary: 95% mortgage scheme
A swift and aggressive return of the economy will be predicated on confidence and the willingness of consumers to spend the money that many have accumulated...
April 20th, 2021

Comment on launch of Government’s 95% mortgage guarantee scheme
Commenting on the government-backed 95% LTV mortgage guarantee scheme, Adam Forshaw, managing director of conveyancing firm O’Neil Patient, said: “In...
April 20th, 2021

‘World Class Service’ the Experience of Used Car Buyers During the Pandemic
In a year dominated by the COVID-19 pandemic and its lockdown conditions, car sales fell back. However, while new car registrations fell 29.4% in 2020, used...
April 19th, 2021

Zephyr Homeloans increases conveyancer panel for limited companies and landlords
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has increased its limited company conveyancer panel to eight firms. The change...
April 15th, 2021

StepChange Statistics Yearbook 2020
StepChange Debt Charity’s Statistics Yearbook 2020, published today, reveals some noteworthy shifts in client trends and characteristics in 2020 compared...
April 14th, 2021

Sprout Mortgage Names Laura C. LaRaia to EVP, GC, Chief Compliance Officer
Sprout Mortgage, the innovative force in non-QM residential lending, announced today the appointment of Laura C. LaRaia to Executive Vice President, General...
April 13th, 2021

Consumer car finance new business volumes fell by 27% in February 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...
April 9th, 2021

Consumer finance new business fell by 26% in February 2021
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in February 2021 by 26% compared with...
April 9th, 2021

Millions facing ‘financial long covid’ need urgent support
A year on from the start of the pandemic, new research from StepChange Debt Charity reveals nearly a quarter (23%) of the 1.6m people who’ve accessed credit...
April 8th, 2021

Foundation Home Loans cuts standard and HMO pricing, and launches new short-term let products and a five-year limited company special
Foundation Home Loans, the intermediary-only specialist lender, has today cut rates across its standard and HMO ranges, and has launched a new Limited Edition...
April 7th, 2021

Just Mortgages provides brokers with wellbeing support
Just Mortgages has put in place measures to support both employed and self-employed brokers with their mental health throughout the pandemic and beyond. April...
April 7th, 2021

An Unprecedented Year for Dealer & Customer Support
On March 23rd last year, the Prime Minister announced the UK’s first lockdown and it came into force three days later. Over the last year, MotoNovo...
April 1st, 2021

MCI adds Newcastle Intermediaries to lender panel
Newcastle Intermediaries has joined MCI Club’s growing lender panel offering even more choice to the club’s members. As the intermediary arm of Newcastle...
April 1st, 2021

Kate Glover named equity release supervision and development manager at The Right Mortgage
The Right Mortgage and Protection Network has welcomed the latest addition to their growing equity release specialist division. The Later Life Lending Network,...
March 31st, 2021

The Money Stats – March 2021 – Household Financial Crunch Continues Despite Extended Supports
Evidence continues to emerge demonstrating the scale of the crunch on household finances and its likely consequences as the UK emerges from the pandemic,...
March 30th, 2021

Credit card borrowing falls a fifth, a new record, despite more lockdown pick-me-ups
We repaid £1.2 billion of consumer debt in February. It’s below the average since March last year of £1.8 billion. However, our borrowing has still fallen...
March 29th, 2021

BoE Comment: “Housing market has weathered the storm”
Commenting on the Bank of England Money and Credit figures for February, Jonathan Sealey CEO of specialist short term lender Hope Capital, said: “A year on...
March 29th, 2021

Comment on the BoE Money & Credit figures for February
Following the BoE Money & Credit figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “The housing market, fuelled by...
March 29th, 2021

BoE Comment: Housing market “impressive juggernaut”
Following the latest Bank of England statistics, John Phillips, national operations director, Just Mortgages and Spicerhaart said: “The housing market is an...
March 29th, 2021

Britons worry finances will not recover as households count cost of Covid one year on
One in five adults in Britain (20 percent), equating to an estimated 10.2 million people, say they are worried their finances will not fully recover from the...
March 29th, 2021

ONS: house prices fall for the first time in nine months
Average house prices in January fell from £250,000 to £249,309. Prices were still up 7.5% in a year – but this was down from 8% in December. The lowest...
March 24th, 2021

Busiest February on record for property, as buyers rush for defunct deadline
122,840 properties sold in February – the highest February figure since it was first measured this way in 2005. Seasonally adjusted property sales were...
March 23rd, 2021

Comment: Housing figures highlight a property market that is in rude health
Following the HMRC property transaction figures released today Jonathan Sealey, CEO at specialist lender Hope Capital, said: “On the day that we mark one...
March 23rd, 2021

Council tax hike will cause a quarter of homeowners to struggle financially
Research by Newcastle-based property developer, StripeHomes, has found that the vast majority of homeowners believe Government plans to increase council tax...
March 23rd, 2021

F4B Network connects with OMS
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been integrated across its proposition by the...
March 23rd, 2021

UK Consumers Increasingly Optimistic About Their Finances as Vaccination Programme Heralds an End to Lockdown
Recent research from global information and insights provider TransUnion has revealed a further increase in optimism around household finances in the UK. More...
March 23rd, 2021

Financial Wellness Group extends its partnership with Personal Group to launch new financial wellbeing products
Financial Wellness Group has extended its partnership with benefits and insurance provider, Personal Group, to give employees greater access to expert...
March 22nd, 2021

People ‘still in the dark’ when it comes to credit reports
A lack of understanding around credit ratings has been exposed, with new consumer insights revealing low levels of engagement and knowledge about how credit...
March 22nd, 2021

Money and Pensions Service to launch single consumer service driving financial wellbeing
People across the UK will be empowered to manage their financial wellbeing with greater confidence and clarity throughout their lifetimes, when a holistic new...
March 19th, 2021

Covid-19 has created a more ‘money savvy’ generation – research reveals
Toluna’s ‘Understanding the 2021 Consumer’ Global Barometer Study is a bi-weekly index that taps into a community panel of 30+ million members providing...
March 16th, 2021

83% of tenants would pay more in rent for a property that better suited their needs
UK rental properties don’t meet the needs of modern-day tenants, with the vast majority (83%) stating they would pay more for a property that did. That’s...
March 16th, 2021

First ever digital financial advice and mortgage broker app launched by Multiply AI and Mojo
Multiply AI, the UK’s first fully-automated financial adviser app, today announced it has partnered with digital mortgage broker Mojo to provide the first...
March 16th, 2021

MCI Club designs innovative package for brokers
The MCI Club has launched an innovative payment and processing package for all existing and new members of the mortgage club. This package, which will be...
March 16th, 2021

Consumer car finance new business volumes fell by 35% in January 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...
March 15th, 2021

Consumer finance new business fell by 34% in January 2021
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in January 2021 by 34% compared with the...
March 15th, 2021

Industry reaction to latest Rightmove House Price Index
The latest index shows that: – Greatest excess of demand over supply over the past ten years, pushing up the average price of property coming to market...
March 15th, 2021

40% of those getting into problem debt with Buy Now Pay Later loans are under 30
New analysis by free debt advice provider Financial Wellness Group, shows that people using Buy Now Pay Later (BNPL) loans are getting into problem debt...
March 11th, 2021

MCI expands reach with secured loans referral deal
MCI Mortgage Club can now offer its members a secured loan referral service through a partnership with Fluent Money. This is MCI’s first foray into the...
March 11th, 2021

Robertsons strengthens conveyancing team with Senior Associate Solicitor appointment
Cardiff law firm Robertsons Solicitors has appointed Helen Barry as Senior Associate Solicitor of its Residential Conveyancing department. With over 20 years...
March 10th, 2021

More mortgages agreed for early 2021 than any time since the financial crisis
Mortgage commitments (agreed for the coming months) were £87.7 billion at the end of 2020. This was 24.2% more than a year earlier and the most since before...
March 9th, 2021

OMS partners with Paradigm
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has partnered with leading mortgage and protection...
March 9th, 2021

Buy-to-let boom continues as new landlords look to invest – latest Knowledge Bank Tracker results reveal
New research from criteria search specialist Knowledge Bank shows interest from new investors in the buy-to-let market is growing. The analysis of brokers’...
March 9th, 2021

Fintern launches consumer lending driven by AI and Open Banking
The UK consumer lending market is worth £160bn, yet over 15 million people in the UK are denied access to affordable loans. These people are resorting to...
March 8th, 2021

The housing market, more than a sum of its parts – Comment on the UK Finance Q4 household lending update
Following the UK Finance household lending update this morning, Richard Pike, Phoebus Software sales and marketing director, says “The housing market, like...
March 5th, 2021

Comment on today’s Budget announcement
Alex Hammond, Director of the Mortgage Market Alliance, says: “Headlines of a mortgage guarantee scheme are likely to entice potential buyers to the market,...
March 4th, 2021

Another six months of support – but millions will struggle far beyond October
The Money Advice Trust has welcomed six month extensions of various forms of financial support in today’s Budget – including furlough, the Universal Credit...
March 3rd, 2021

SmartSearch comment on HMRC taskforce – Must avoid becoming busy fools
Commenting on the £100m investment in the HMRC taskforce announced by the Chancellor in today’s Budget, John Dobson, CEO at AML specialists SmartSearch,...
March 3rd, 2021

Budget: 95% Government-backed mortgage guarantee scheme
Comment on the 95% Government-backed mortgage guarantee scheme, Andy Scaife, CEO of O’Neill Patient, said: “We are very supportive of the Government’s...
March 3rd, 2021

Budget comment – Government misses a trick on stamp duty
Commenting on the Budget, Rob Clifford, who is CEO of Stonebridge Group, said: “The news about the stamp duty extension was widely trailed in the media last...
March 3rd, 2021

Two in ten Brits would favour a cashless society
The argument for a cashless society has been around for a while, but the rapid rise of the Coronavirus crisis has intensified the debate again amid concerns...
March 3rd, 2021

Majority of Brits treat themselves during lockdown
COVID-19 has prompted a sharp increase in one-off purchases, with more than half of Brits (53%) splashing out on an item worth over £200 that they wouldn’t...
March 2nd, 2021

Dealer Pulse 2021 – from MotoNovo Finance
Dealers recognise that their overall approach to business is reactive led by the ‘here and now’. Arguably a weakness, this short-term approach served many...
March 2nd, 2021

Nationwide shows house prices rebounded in February
Concerning the latest Nationwide House Price Index, Matthew Cooper, Founder & Managing Director of Yes Homebuyers, commented: “We’ve seen the property...
March 2nd, 2021

HNW mortgage broker Enness welcomes new Chairman
Enness Global Mortgages, the mortgage broker of choice for global ultra-high-net-worth individuals, is pleased to announce Nigel Le Quesne as Non-Executive...
March 2nd, 2021

The Money and Pensions Service announces appointment of new non-executive director
The Money and Pensions Service (MaPS) has announced the appointment to its Board of a new non-executive director, Alex Heath. Joining the MaPS Board from 1...
March 1st, 2021

79% of homebuyers are hoping for a stamp duty holiday extension, 71% want it scrapped altogether
The current stamp duty holiday has helped to turbocharge homebuyer demand since it was introduced in July of last year, suspending the tax paid on the first...
March 1st, 2021

Scottish FinTech Exizent announces three new big name clients
Glasgow-based legal technology firm Exizent is going from strength to strength following the confirmation that Countrywide Tax and Trust Corporation,...
February 26th, 2021

Air Group release latest half-year ‘Temperature Check’ of Equity Release Provider service levels
Air Group, the leading later life services platform, has today announced its second half-year equity release provider ‘Temperature Check’ report focusing...
February 26th, 2021

Foundation Home Loans announce price cuts of up to 0.5% across its residential range and up to 0.2% on buy-to-let
Foundation Home Loans, the intermediary-only specialist lender, has today cut rates across a number of products within both its residential and buy-to-let...
February 25th, 2021

Amigo Holdings PLC (LSE:AMGO) Announces 3rd Quarter Results
Amigo Holdings PLC, (Amigo), the leading provider of guarantor loans in the UK, announces results for the nine-month period ended 31 December 2020. Commenting...
February 25th, 2021

Just Mortgages recruiting for latest academy
Following the success of Just Mortgages’ first academy of 2021, the next crop of budding brokers are set to begin training on 19th April. The first academy...
February 25th, 2021

Response to FCA fair treatment guidance
Commenting in relation to today’s launch of the FCA guidance, Helen Lord, director, Vulnerability Registration Service said: “The Vulnerability...
February 24th, 2021

Comment: Momentum in housing market continuing to build
Following the release of the latest housing figures which shows property transactions completed in January were the highest in a decade, John Phillips,...
February 23rd, 2021

FCA’s guidance on fair treatment of vulnerable customers: Money and Pensions Service comment
The Money and Pensions Service welcomes the Financial Conduct Authority’s publication of guidance for firms on the fair treatment of vulnerable customers...
February 23rd, 2021

StepChange responds to FCA’s New Vulnerability Guidance
The Financial Conduct Authority (FCA) have today confirmed their new guidance on the treatment of vulnerable customers. Commenting on the update, Peter Tutton,...
February 23rd, 2021

Looking at the bigger picture – Comment on the HMRC property transactions
Following the HMRC figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “If ever there was a case for ‘looking at the...
February 23rd, 2021

Dealer Finance Must Fight to Win Hearts & Minds
The motor industry has had a problematic relationship with the consumer media when it comes to used car dealer finance. Perceptions from the press have long...
February 23rd, 2021

Brokers fear severe capacity issue in future lending as consequence of Government loans
The volume of Government loans granted to help SMEs through the COVID-19 crisis will be having a potentially devastating impact on the availability of...
February 22nd, 2021

The Money and Pensions Service announces three senior appointments
The Money and Pensions Service has announced three senior appointments including a new Chief Finance Officer and new Pensions Dashboards Programme Director....
February 22nd, 2021

The Conveyancing Task Force
A number of leading organisations in the conveyancing profession have agreed to work together as The Conveyancing Task Force to discuss, and where possible...
February 22nd, 2021

StepChange responds to 6-month extension of £20 Universal Credit uplift
It has been reported that the Chancellor Rishi Sunak will, subject to approval from the Prime Minister, extend the £20 uplift to Universal Credit for a...
February 22nd, 2021

Coutts and Adam & Company annual results
Significant year-on-year balance growth driven by increases across deposits, lending and investments. Deposits – increased £3.8bn (13%) Lending –...
February 19th, 2021

Sprout names president Michael Strauss as CEO
Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced that effective immediately Michael Strauss has been named to the...
February 17th, 2021

Specialist Mortgage Group announce sale of Pink Pig Loans to management team
Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, has today announced the sale of Group firm, Pink Pig Loans, back...
February 16th, 2021

The industry must prepare home buyers for stamp duty holiday disappointment, says O’Neill Patient
O’Neill Patient LLP (ONP) is calling on the industry to work together during this extremely busy time as the end of the stamp duty holiday looms ever closer....
February 16th, 2021

Phoebus Software sets £10,000 target for 2021 nominated charity, FareShare
Phoebus Software Limited (PSL) has revealed the results of its annual vote which determines its nominated charity for the year ahead. In 2021, staff at PSL...
February 16th, 2021

Covid causes 41% drop in property sales despite stamp duty holiday boost
Property market analysis by estate agent comparison site, GetAgent.co.uk, has revealed that residential transactions across England and Wales fell by -41% in...
February 15th, 2021

WSO2 2021 Open Banking Predictions
2021 will be characterised by volatility and uncertainty as financial institutions navigate the economic and social impacts of COVID-19. The pandemic has...
February 15th, 2021

Why the Woolard Review could be a real game-changer in getting the credit market to work for all consumers
Christopher Woolard’s review of change and innovation and the unsecured credit market dropped into the world on 2 February. It is in part a...
February 12th, 2021

The Investment Community Backs MotoNovo’s Approach to the Pandemic
In August last year, the FT reflected that the Coronavirus pandemic posed a significant challenge to the financial services industry. Above all, it noted;...
February 12th, 2021
KickStart Money response to the Financial Conduct Authority’s Financial Lives survey report
In response to the Financial Conduct Authority’s Financial Lives survey report released today, Jane Goodland, Co-Chair of KickStart Money said: “The...
February 12th, 2021

Consumer car finance new business volumes fell by 12% in December 2020
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...
February 11th, 2021

Consumer finance new business fell by 18% in December 2020
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in December 2020 by 18% compared with...
February 11th, 2021

StepChange reacts to FCA’s Financial Lives Survey findings
Today, the Financial Conduct Authority has released the results from its latest Financial Lives Survey showing that the ongoing Covid-19 pandemic has left a...
February 11th, 2021

Rebuilding Financial Wellbeing
New research funded by the Money and Pensions Service (MaPS) shows that 7 in 10 employees enrolled in a workplace payroll scheme save every month and are 18%...
February 11th, 2021

Dudley Building Society joins MCI Mortgage Club
The latest lender to join MCI Mortgage Club’s panel is Dudley Building Society, which is known for its manual approach to underwriting. Dudley offers a wide...
February 10th, 2021

Countrywide Surveying Services promotes Rebecca Freeman to Director of Field Operations
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced the promotion of Rebecca Freeman to...
February 10th, 2021

New build house prices boom by as much as 48% since 2015, out performing the regular market across the UK
The latest research from new build snagging company, HouseScan, has revealed where new build homebuyers have enjoyed the largest return on their investment in...
February 10th, 2021

Dawsons Property and TDS Raise the Bar in the Tenancy Deposit Experience
As a recent winner in the 2021 Best Estate Agency Guide and the only South West Wales agent to be included in countries top 5% of agents, Dawsons Property has...
February 9th, 2021

StepChange Welcomes Work & Pensions Committee Recommendations on £20 Uplift
StepChange Debt Charity is pleased to see that, after holding evidence sessions, the Work & Pensions Select Committee is urging Government to maintain the...
February 9th, 2021

Demand for Properties Outstripping Supply as Housing Market Outpaces 2020 Performance
Figures published in January show clear evidence that the demand for properties in January 2021 has outperformed the same period last year. Demand for homes is...
February 9th, 2021

The way out of debt needs to be simplified now to help those impacted by the pandemic
National debt counselling charity Christians Against Poverty (CAP) is calling for urgent changes to be made to Debt Relief Orders (DROs) so thousands of people...
February 9th, 2021

Half of Brits improve financial planning during pandemic
Research for Indesser, a joint venture between the Cabinet Office and TDX Group, has shown that over half of Brits (53%) have improved their financial tracking...
February 8th, 2021

Digital-only Banks in Consideration by over Half of US Consumers, Juniper Research Finds
A new survey conducted by Juniper Research has found that more than 50% of US consumers wanting to change banks would consider a digital-only bank, with the...
February 8th, 2021

House price affordability at its worst in a decade as property prices hit 10x the average salary
The latest research by lettings and estate agent, Benham and Reeves, has revealed that current affordability across the UK property market is at its worst in...
February 8th, 2021

Blue Motor Finance benefits from substantial new equity investment from Cabot Square Capital
Last week, Cabot Square Capital substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment demonstrates...
February 5th, 2021

Strong growth leads to sharp increase in pretax profits for year to December 2019 at CarMoney
CarMoney, the rapidly expanding Motherwell-based motor finance business, saw a sharp increase in profitability in the year to 31 December 2019 which was driven...
February 3rd, 2021

FLA response to the FCA’s Woolard Review
Commenting on the publication of the Woolard Review into change and innovation in the unsecured credit market, Stephen Haddrill, Director General of the...
February 2nd, 2021

Money and Pensions Service comments on Buy Now Pay Later/ Woolard Review
Commenting on the proposed regulation of Buy Now Pay Later products, and the debt advice and affordable credit recommendations of the Woolard Review into the...
February 2nd, 2021

The Right Mortgage and Protection Network celebrates their sixth birthday
The Right Mortgage and Protection Network marks its 6th year in business by highlighting its appetite for further growth and its continued dedication to its...
February 2nd, 2021

Money Advice Trust welcomes plans to regulate buy-now-pay-later products
The Money Advice Trust has welcomed the recommendations of the Woolard Review and today’s government announcement that buy now, pay later products will be...
February 2nd, 2021

Impact Specialist Finance in self-employed adviser recruitment drive
Impact Specialist Finance has announced plans to expand its mortgage brokerage with a self-employed adviser recruitment drive. Impact Specialist Finance was...
February 2nd, 2021

Chris Wood to join StepChange Debt Charity’s Board of Trustees
StepChange Debt Charity is today pleased to announce the appointment of Chris Wood as a Trustee of the charity from 1 February 2021. Chris has extensive...
February 1st, 2021

The need for higher LTV lending – Comment on the BoE money and credit figures
Following the Band of England’s money and credit figures this morning, Richard Pike, Phoebus Software sales and marketing director, says: “When you...
February 1st, 2021

Air Group announce Jon Tweed as Group Distribution Director
Air Group, the collective of companies covering a range of retirement and later life services, has today announced the appointment of Jon Tweed as its new...
February 1st, 2021

PIMFA calls on Industry, Government and Regulators to work together to create a future advice market that works for all
PIMFA, the trade association for the wealth management and financial advice industry, is today calling on the Industry, Government and Regulators to work...
February 1st, 2021

The Money Stats – January 2021 – Pandemic’s Mounting Financial Impact on UK Households
As 2020 came to a close, the fuller picture of Covid-19’s effect on UK household finances continued to emerge, demonstrating the significant mounting...
January 29th, 2021

More action needed to put an end to misleading debt advice adverts
The Money Advice Trust, the charity that runs National Debtline, has welcomed today’s decision from the Advertising Standards Authority to uphold complaints...
January 28th, 2021

Groundbreaking guidance launched on inclusive design for essential service firms and regulators
The Money Advice Trust and Fair By Design have today launched new, practical guidance for firms and regulators on how to embed inclusive design in product...
January 27th, 2021

39% of buyers plan to pull out if they miss the stamp duty deadline, with 45% willing to pay in full now to skip the market backlog
Research by home buying platform, Yes Homebuyers, has revealed that half of current homebuyers would happily pay the stamp duty owed on their purchase if it...
January 27th, 2021

Pressure grows to deal with online debt advice scammers as ASA upholds complaints
StepChange Debt Charity welcomes the decision by the Advertising Standards Authority to uphold complaints made by the Money and Pensions Service, with the...
January 27th, 2021

MaPS comments on ASA rulings on debt advice ads
On Wednesday 27 January, the Advertising Standards Authority (ASA) will publish two rulings which ban misleading ads by commercial debt advice firms. Both...
January 27th, 2021

Lenders should prepare for spending binge
Data analytics company LendingMetrics is predicting a phenomenal spending rebound by the end of the second quarter 2021, if the brakes are taken off pent-up...
January 26th, 2021

MotoNovo Steps Up its Support to Dealers During Lockdown
MotoNovo Finance has confirmed two initiatives designed to support its dealers through the latest lockdown period; Vehicle Stocking – with immediate effect,...
January 25th, 2021

Comment: Time for the sector to “embrace the technology available” to prevent money laundering
Commenting on the change to AML guidance for the conveyancing sector, John Dobson, CEO at AML specialists SmartSearch said: “The conveyancing sector plays...
January 21st, 2021

Paradigm launch lender search indemnity stance matrix
Paradigm Mortgage Services, the mortgage services proposition, has today announced the launch of a new lender matrix outlining the approach of lenders to...
January 21st, 2021

West One Loans’ Buy-to-let launches with L&G Mortgage Club
West One Loans’ buy-to-let division continues to open up its proposition to more brokers as it launches with Legal & General Mortgage Club today, the...
January 21st, 2021

Will there yet be a bottleneck? – Comment on the latest Property Transactions figures
Following the government report on Property Transactions this morning, Richard Pike, Phoebus Software’s sales and marketing director, says “The good news...
January 21st, 2021

Foundation Home Loans announces significant increase in recruitment
Foundation Home Loans, the intermediary-only specialist lender, has today announced a significant increase in recruitment expanding resources across its...
January 21st, 2021

findandfundmycar.com Celebrates its 3rd Birthday
Launched in 2018, the findandfundmycar.com ecosystem has evolved continuously by listening to dealers and customers and leveraging new and emerging digital...
January 21st, 2021

An upward trajectory – Comment on the ONS HPI for November
Following the latest ONS house price index report this morning, Richard Pike, Phoebus Software sales and marketing director, says “The housing market has...
January 20th, 2021

House prices jump 7.6%! Industry reaction to the latest UK House Price Index
The latest Gov UK House Price Index on sold prices shows that: UK house prices jumped 1.2 in November on the previous month. They also saw a huge 7.6%...
January 20th, 2021

Brits plan to spend less and improve their financial health in 2021, as a nation of savers emerges from the Covid-19 crisis
Research from credit-builder credit card, Vanquis reveals the average Brit wants to save more (27%), spend less (24%), pay off debts (15%) and make a budget...
January 20th, 2021

Average tenant age drops during Covid pandemic
The latest research from the international rental marketplace, Spotahome, has found that the average age of renters across Europe has dropped since the Covid...
January 19th, 2021

Freehold homes go for a 77% property price premium but government reforms could close the gap
Leasehold homes carry a certain stigma amongst UK homebuyers, and understandably so due to a string of scandals hitting the headlines in recent years and also...
January 18th, 2021

MCI appoints Swansea Building Society to its panel
MCI Mortgage Club continues to expand the range of building societies on its panel by adding the regional lender, Swansea Building Society. Swansea Building...
January 18th, 2021

Amy Wilson named new head of general insurance a The Right Mortgage
Amy Wilson has been appointed as The Right Mortgage and Protection Network Head of General Insurance, in which she will continue to lead the network’s...
January 15th, 2021

Countrywide appointed as primary surveying and valuation supplier to Santander
The UK’s largest property services group, Countrywide, has announced that Countrywide Surveying Services has renewed its partnership with Santander through a...
January 14th, 2021

Consumer finance new business fell by 16% in November 2020
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in November 2020 by 16% compared with...
January 13th, 2021

Successful pilot reveals benefits of giving teachers the tools to teach kids about money
A pilot online teacher training programme has been found to make a big impact on the ability of primary teachers to teach their pupils about money. 8 in 10...
January 12th, 2021

Pure Retirement signs new contract with Phoebus Software
Pure Retirement and Phoebus Software Limited have signed a new contract. The equity release specialist has used the Phoebus solution to originate and service...
January 12th, 2021

Two thirds of Brits still don’t trust online banking, despite branch closures forcing many to go digital
Since January 2015, banks and building societies have closed 3,770 branches in the UK, leading to a seismic shift towards online banking. Yet, two thirds (66%)...
January 12th, 2021

Zephyr Homeloans introduces a 24/7, online Self-Serve platform for customers
Zephyr Homeloans, the specialist buy-to-let lender, has introduced an online Self-Serve platform, allowing customers to manage their mortgage account online 24...
January 7th, 2021

Money troubles are more damaging to well-being of the self-employed
Financial distress is more damaging to the well-being of the self-employed than those in employment, finds new research from Trinity Business School. According...
January 6th, 2021

Comment: Housing market set to outperform expectations in 2021
Commenting on the Bank of England Money and Credit figures released today John Phillips, national operations director of broker firm, Just Mortgages, said:...
January 4th, 2021

Fleet Mortgages announce Steve Cox promotion
Fleet Mortgages, the buy-to-let specialist lender, has today announced the promotion of Steve Cox who becomes its new Chief Commercial Officer. Formerly...
January 4th, 2021

Foundation Home Loans accept Search Indemnity to help increase completions
Foundation Home Loans, the intermediary-only specialist lender, has today announced it will now accept ‘No-Search Indemnity Insurance’ for purchase and...
December 23rd, 2020

CISI and Chartered Banker Institute welcome important update to the FCA Register on membership
Two leading financial services professional bodies are delighted that the recently updated FCA Register , which went live on 14th December, now includes...
December 23rd, 2020

Connect for Intermediaries joins the Society of Mortgage Professionals
Connect for Intermediaries, the specialist network, packager and referral partner, has just joined the Society for Mortgage Professionals (SMP) as an associate...
December 21st, 2020

The Money Stats – December 2020 – Household Divide Continues to Widen Sharply
The divide between the ‘haves’ and the ‘have nots’ continues to grow starkly as we move towards the end of a year dominated by the Covid-19 pandemic,...
December 21st, 2020

Money Advice Trust responds to extension of Government Covid-19 business loan schemes
The Money Advice Trust, the charity that runs Business Debtline, has welcomed the Chancellor’s extension of the government-backed Covid-19 business loan...
December 18th, 2020

R3 launches consumer debt advice resource
R3, the insolvency trade body, has launched a new resource for individuals in England and Wales who want to learn more about personal insolvency processes and...
December 18th, 2020

OMS in full platform integration with Oplo
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has completed a full integration with second charge...
December 17th, 2020

West One Buy to Let launches first mortgage club with Dynamo for Intermediaries
West One’s Buy to Let division launches its first mortgage club today, with Dynamo for Intermediaries. The move is a key step in the specialist lender’s...
December 17th, 2020

O’Neill Patient ranked #98 in The Lawyer Top 100
O’Neill Patient LLP (ONP) group is now a top 100 UK law firm, with the highest income per lawyer of any law firm in the country – significantly exceeding...
December 17th, 2020

StepChange clients explain in their own words what being in debt in the pandemic feels like
Today StepChange publishes a report on clients advised by the charity between April and October, revealing striking levels of hardship, and some notable new...
December 16th, 2020

MCI Club reveals consumers feel more secure going direct to lenders
Recent research from over 1,500 consumers, who had purchased a mortgage recently, saw 56% going direct to the lender with 49% citing that they felt more secure...
December 16th, 2020

trufe. Strike Partnership with Leeds United to Help Fans Save
Independent mortgage and commercial funding broker, trufe., has announced a multi-year agreement to become an official Leeds United Business Club partner in a...
December 16th, 2020

How Provident Financial is creating a modern workplace with Re:Call from Teleware
Provident Financial, a leading supplier of personal credit products to the non-standard lending market, has deployed Teleware’s Re:Call app as part of its...
December 15th, 2020

Leeds Building Society launches digital affordability tool
Leeds Building Society is working with leading financial services technology provider, Paylink Solutions, to help mortgage customers who may be facing...
December 14th, 2020

The Nottingham’s £10k BookTrust donation set to bring joy to 1,000 vulnerable children this Christmas
A Nottingham Building Society donation of £10,000 to BookTrust will help bring a smile to the most vulnerable children in our communities over the festive...
December 14th, 2020

Lloyds Banking Group reveals black staff paid nearly 20% less – leading business psychologist Professor Binna Kandola responds
Lloyds Banking Group has today revealed that its black staff are being paid nearly 20% less than their colleagues. It has said the large gap is due to the lack...
December 11th, 2020

FCA Changes – If we don’t take care of our customers, someone else will
This advice and the guidance also on the MSE site that notes; “Unless you can get 0% finance from the dealer, personal loan rates tend to be cheaper than...
December 11th, 2020

Consumers highlight on-going service requirement from brokers
Research has indicated that mortgage borrowers may prefer a wealth-like ongoing service plan from brokers. The Mortgage Insights 20/21 research, conducted by...
December 10th, 2020

Curo enhances its digital customer experience with PayPoint
With an increasing number of housing association residents seeking digital options for the payment of rent and related housing costs, West of England housing...
December 9th, 2020

4 in 10 self-employed expect Covid income shock to last more than a year
Nearly four in ten (37%) self-employed people surveyed expect it to take more than a year before their income returns to pre-Covid levels, while a tenth...
December 8th, 2020

Consumer car finance new business volumes fall by 3% in October 2020
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...
December 7th, 2020

Consumer finance new business fell by 11% in October 2020
New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business fell in October 2020 by 11% compared with the...
December 7th, 2020

Financial Wellness Group launches its first Impact Report
Financial Wellness Group has released its first Impact Report, reviewing the work undertaken to support customers during both 2020 and the previous year. Debt...
December 7th, 2020

Comment: “Torrent of clients” taking advantage of stamp duty holiday after floodgates opened
Following the UK Finance figures, released this morning, John Phillips, national operations director of broker firm, Just Mortgages said: “Despite massive...
December 4th, 2020

Stamp duty holiday and pent up demand, but what now for 2021? – Comments
Following the UK finance figures this morning, Richard Pike, Phoebus Software sales and marketing director, said: “It is always interesting to look back, and...
December 4th, 2020

Christmas spend down by almost £300 this year
Average Christmas spend has fallen by £268 from this time last year, going from £1,057 (2019%) down to £789 (2020), according to new research from AA...
December 4th, 2020

PayPoint provides fast access to cash for school meal vouchers
Following news that the UK Government has extended the provision of free school meals for the Christmas holidays – and all school breaks until summer...
December 2nd, 2020

The Pandemic is Driving a Growing Financial Divide Within the UK
“The latest Money and Credit statistics from the Bank of England reveal mortgage approvals for home purchases remained strong, with net mortgage borrowing...
December 2nd, 2020

Third year for Paradigm’s ‘Reverse Advent’ charity drive for The Trussell Trust
Paradigm, the Mortgage, Protection & Compliance services proposition, has today announced it will be running its ‘Reverse Advent’ charity drive, in aid...
December 1st, 2020

Comment: BoE figures show “all hands to the pump” in the housing market
Following the news from the Bank of England that households borrowed an additional £4.3 billion secured on their homes in October and the number of approvals...
December 1st, 2020

Nationwide reveals highest house price growth since January 2015
Following the latest Nationwide house price index, Director of Benham and Reeves, Marc von Grundherr, commented: “We’re seeing strong evidence of sustained...
December 1st, 2020

Comments from Aire CEO on today’s Bank of England money and credit statistics
Responding to today’s figures from the Bank of England showing that mortgage approvals for house purchase increased further in October, while consumer credit...
December 1st, 2020

Air Mortgage Club launches Large Case Concierge Service
Air Mortgage Club – the distributor for equity release and later life advisers – has today announced the launch of a new Large Case Concierge Service...
November 30th, 2020

The Money Stats – November 2020 – Pressure Builds On UK Households
Multiple recent figures underline the scale of financial pressures building on UK households throughout 2020 from the economic impact of the Covid-19 pandemic,...
November 30th, 2020

FORS helps van drivers stay safe and efficient ahead of busy delivery season
FORS is encouraging van drivers to ensure safe and efficient driving is front of mind, as the seasonal boom in eCommerce makes roads busier. Black Friday at...
November 27th, 2020

Stonebridge announces new appointments
Stonebridge, the mortgage and insurance network, has announced a number of new appointments to the business during its AR Update Conferences which took place...
November 27th, 2020

Baroness Morgan of Cotes to become strategic adviser to StepChange Debt Charity
StepChange Debt Charity is today delighted to announce that the Rt Hon Baroness Nicky Morgan will take on the role of strategic adviser to the charity’s...
November 26th, 2020

Amigo Holdings PLC: Interim results for the six months ended 30 September 2020
Amigo Holdings PLC (LSE: AMGO)this morning announces its half year results for the six months ended 30 September 2020. Commenting on the results, Gary...
November 26th, 2020

Just Mortgages receives 750 applicants for Broker Academy
Just Mortgages is holding an Academy in January to bring new blood into the mortgage industry. The broker firm has already received over 750 applicants for its...
November 26th, 2020

Comment on Chancellor’s spending review from Chirag Shah
Following the Chancellor’s statement today, Chirag Shah, CEO, Nucleus Commercial Finance said: “We’re pleased to see the Chancellor announcing...
November 25th, 2020

More help for household budgets needed as part of ‘economic emergency’ support
The Money Advice Trust, the charity that runs National Debtline and Business Debtline has responded to the Spending Review, calling for urgent action to...
November 25th, 2020

CPS responds to Government’s Spending Review
Responding to the Chancellor’s Spending Review for 2021-22, Robert Colvile, Director of the CPS, said: “Today’s spending review recognises the...
November 25th, 2020

Paradigm Protect launches Focus guides to individual providers
Paradigm Protect, the directly authorised protection and general insurance (GI) proposition – which is part of Paradigm Mortgage Services – has...
November 25th, 2020

Covid Payment Plans go live as charity urges people who need debt help to explore options
From today, people who have experienced a temporary reduced income due to the pandemic can enter into the new Covid Payment Plan from StepChange Debt Charity....
November 24th, 2020

First signs emerge of a stamp duty holiday fuelled revival in property transactions
The latest research by estate agent comparison site, GetAgent.co.uk, has analysed current market health in the wake of the stamp duty holiday decision and how...
November 23rd, 2020