StepChange urges DWP to improve historic Tax Credit overpayment deductions practices that leave 98% struggling

Deductions from Universal Credit used by the Department for Work and Pensions to collect historic tax credit overpayments are leaving households unable to pay...

JLM Mortgage Services integrates OMS

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been integrated across it proposition by...

COVID sees number of “side-hustlers” double

One in four (24%) UK adults now work a second or third job, or run a “side hustle” to boost their earnings. Research from Credit Karma reveals that the...

Recognise Bank enter personal savings market

Recognise Bank, one of the UK’s newest banks, has announced that it is entering the personal savings market with the launch of a range of fixed rate and...

Specialist Mortgage Group celebrates 20th Anniversary

Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, is this month celebrating the 20th Anniversary of the business....

Administrators appointed at Barrow & District Credit Union Limited

James Sleight and Peter Hart of PKF GM have been appointed as Joint Administrators of Barrow & District Credit Union Limited. The Financial Services...

£360million Covid rent debt crisis will escalate unless Universal Credit cut is reversed, StepChange warns

A £360 million wall of rent debt built up during the pandemic combined with cuts to Universal Credit threatens to leave hundreds of thousands of tenants...

SDL Surveying launch Degree Apprenticeship scheme with Nottingham Trent University

National residential surveying and valuations firm, SDL Surveying, has today announced details of its new apprenticeship scheme which is being run in...

Curve Launches Flex

Curve is very proud to announce Curve Flex, a unique rival to Buy Now Pay Later (BNPL). After receiving FCA approval on September 1st, Curve has quietly...

Evolution Money appoint new Chief Digital Officer

Evolution Money, the second-charge lending specialist, has today announced the appointment of a new Chief Digital Officer (CDO). Matt Meecham joins the...

House prices pull back from record highs as market pauses for breath (ONS)

Average house prices were up 8% in a year to July, down from 13.1% a month earlier. The average house price dropped back to £265,668 – it’s still up...

FT poll shows 90% learnt ‘little or nothing’ about finance at school

The Financial Times has launched a new charity endorsed by the former prime minister Gordon Brown, focused on the promotion of financial literacy and inclusion...

The Nottingham’s Beehive Money launches its first ever savings app and exclusively welcomes VIBee members

Beehive Money, part of The Nottingham, has today announced the launch of its first ever app. The building society introduced Beehive Money as its sister brand...

Consumer car finance market falls by 20% in July

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

Consumer finance new business grew by 2% in July 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 2% in July 2021 compared with the...

UK Borrowers 31 Percent More Likely to Open Account Digitally Than in 2020

A new study in the UK by analytics software firm FICO shows that UK consumers today are 31 percent more likely to open an account digitally than a year ago....

New sustainability and ESG finance director within Lloyds Bank’s CIC team

Lloyds Bank Commercial Banking has bolstered its client-focused Sustainability & ESG Finance Team, which supports larger businesses to achieve their...

Paradigm sign equity release referral partnership with HUB Financial Solutions

Paradigm Mortgage Services, the mortgage services proposition, has today announced it has entered into a referral partnership with HUB Financial Solutions to...

CHL Mortgages expands distribution panel with In Partnership

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has expanded its distribution panel with the addition of mortgage, protection and investment...

Nationwide records annual house price growth of 11 per cent for August

Stamp duty relief on properties up to the value of £250,000 is thought to be behind August’s surprise house price upturn said the country’s second...

The Right Mortgage Network launch brand new vulnerability hub

The Right Mortgage and Protection Network have prioritised advisers’ need for awareness and launched a brand-new hub on vulnerability. The Right Mortgage...

Successful lender services duo back together after four years

ONE OF the most successful partnerships in lender services has been rekindled following a major appointment at Scottish law firm, Alston Law. The recruitment...

Comment on the Bank of England money and credit figures for July

Following the BoE figures this morning Richard Pike, Phoebus Software’s sales and marketing director, says “There is evidence from today’s figures that...

Sigma celebrates Pure Planet contract win following vulnerable customer pilot

A business outsourcing specialist has won a new contract to support a 100% renewable energy supplier to manage its most vulnerable or financially challenged...

Retail Sales Drop Alongside ‘Pingdemic’ and Shifts in Spending

“After months of growth, the latest ONS retail statistics show a small 2.5% decrease in retail sales between June and July 2021. The “pingdemic”, where...

Property transactions shows urgency has faded, but desire is still there

Following the latest property transactions data revealing transactions dropped from record highs in June, John Phillips, national operations director, Just...

Difficult Winter Coming For Many UK Households

While the UK economy continues its gradual encouraging pandemic recovery, signs are growing that the coming winter will be deeply financially difficult for...

UK’s first self and custom build mortgage broker platform now launched

BuildLoan, the UK’s leading distributor of self and custom build funding solutions for the intermediary market, has announced the launch of its...

The Finance Planning Group launches with Proportunity

Mortgage and protection network, The Finance Planning Group, has this week teamed up with Proportunity. The Finance Planning Group uses the latest technology...

Challenger banks take the top spot for customer service, but good CX isn’t all about digital

With Monzo, First Direct and Starling Bank taking the top spot for customer service, according to the latest survey from the Competition and Markets Authority,...

CHL Mortgages widens intermediary distribution panel with TBMC

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has bolstered its distribution panel with the addition of The Business Mortgage Company...

OSB Group PLC renews contract with Phoebus Software

OSB Group (OSB) and Phoebus Software Limited (PSL) have signed a new 5-year contract. The specialist lender has been a client of PSL since 2013 and the new...

Allica Bank adds Freeths to legal panel to boost lending speed

Allica Bank has partnered with national, commercial law firm, Freeths LLP, as it continues to drive lending speed and improve transparency for brokers and SME...

Countrywide Surveying Services appoints Surveyor Development Manager

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

FICO UK Credit Market Report June 2021: Consumer Credit Card Spending Above 2019 Levels

Global analytics software provider FICO today released its analysis of UK card trends for June 2021. Maintaining the pattern for the year so far, average spend...

OMS signs tech agreement with The Lending Channel

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has signed an agreement with The Lending Channel to...

W1TTY Taps Oracle to Provide a Better Digital Banking Experience to Customers

W1TTY, a smart finance innovator set to launch this autumn, aims to offer customers a clear choice in how they manage their money with hyper-personalised...

Pink Pig Loans announce trio of new Directors

Pink Pig Loans, the specialist finance packager and distributor, has today announced the appointment of a trio of new Directors to its Board to support its...

OMS completes full integration with Selina Finance

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

Consumer car finance market up by 12% in June

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

Consumer finance new business grew by 28% in June 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 28% in June 2021 compared with the...

StepChange releases June client trends and comments on new Bank of England money and credit data

StepChange Debt Charity has today released an update on the profile of its clients in June – and emphasises that, while the increase in borrowing recorded in...

The Nottingham grows membership and returns to profitability

The Nottingham today announced its mid-year results for trading in the six months to 30 June 2021 and shared positive progress against its priorities to grow...

A decade of rental data – how the UK market has really fared since 2012 Olympics

Data from MIAC Property Analytics’ Rental Index using its newly developed interactive web platform has given a clear visual picture of UK residential rental...

Financial Uncertainty Set For Foreseeable

A mixed financial picture continues this month, with promising signs of economic recovery tempered by the continuing effects of the pandemic, according to the...

MCI signs Proportunity to its lender panel

Proportunity, the equity loan provider helping people to raise a large enough deposit, is the latest lender to join The MCI mortgage club. MCI continues to...

Property sales hit a blistering new record in June – doubling May’s sales

Property sales hit a new record of 213,120 in June (not seasonally adjusted), more than double the number in May. This is the biggest month for sales since...

Property sales hit a blistering new record in June – doubling May’s sales

Property sales hit a new record of 213,120 in June (not seasonally adjusted), more than double the number in May. This is the biggest month for sales since...

Paradigm Mortgage Services announces new partnership with Molo Finance

Paradigm Mortgage Services, the mortgage services proposition, has today announced a new partnership with digital mortgage lender, Molo Finance. Paradigm...

House prices up by as much as £100,000 in a single year

Research from the national estate agent, Keller Williams UK, has revealed where across the UK homeowners have seen the biggest cash boost in property values in...

Comment from MaPS: FCA taking action against debt packager firms

“The FCA’s review highlights the potential harms consumers face if they are not able to access impartial debt advice. We welcome the FCA’s intervention...

Coalition of consumer groups, charities and industry bodies calls for inclusion of paid for online advertising in Online Safety Bill

A coalition of consumer groups, charities and financial services industry bodies, including Which? UK Finance, Martin Lewis and MoneySavingExpert, the Personal...

Zephyr Homeloans reduces rates across majority of products

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates across the majority of its products. Zephyr’s new rates...

Less than half of us have enough emergency savings – including retirees and higher earners

51% of people don’t have enough emergency savings. Almost half of retirees (46%) don’t have a big enough safety net, along with almost one in four...

StepChange responds to new FCA business plan

In a speech to mark the publication of the Financial Conduct Authority’s (FCA) new business plan for 2021/22, FCA CEO Nikhil Rathi set out the vision for its...

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)....

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...

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...

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...

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...

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...

Sales team boost at LendingMetrics

Intelligent decisioning technology provider LendingMetrics has made two new sales appointments to match growing demand. The company behind the...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

‘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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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....

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...

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...

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...

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%....

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...

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

‘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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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’...

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...

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...

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,...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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,...

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...

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,...

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...

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...

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...

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....

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...

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...

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 –...

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...

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...

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....

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...

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...

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...

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...

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;...

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...

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...

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...

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...

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%...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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%...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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%)...

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...

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...

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:...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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

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

Stonebridge announces new appointments

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

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

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

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

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

Just Mortgages receives 750 applicants for Broker Academy

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

Comment on Chancellor’s spending review from Chirag Shah

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

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

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

CPS responds to Government’s Spending Review

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

Paradigm Protect launches Focus guides to individual providers

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

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

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

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

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

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

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

Chartered Banker Institute welcomes new Board members

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

Amigo Holdings PLC – Appointment of Non-Executive Director

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

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

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

Connect appoints Umbrella Protect

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

StepChange responds to FCA’s updated support for mortgage borrowers

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

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

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

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

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

Money and Pensions Service responds to challenging financial wellbeing recommendations

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

Leek United added to Paradigm lender panel

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

Rent fears prompts plea for landlord flexibility

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

MotoNovo Release Online Reservation Tool to Help Dealers Through Lockdown

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

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

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

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

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

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

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

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

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

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

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

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

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

MCI appoints Buckinghamshire Building Society

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

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

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

Consumer finance new business fell by 5% in September 2020

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

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

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

StepChange reacts to FCA’s further consumer credit support

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

Conveyancing firm ONP comments on second lockdown announcement

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

House sales surge in September

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

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

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

Hope Capital comments on Bank of England Money and Credit stats

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

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

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

Used Car Buyer Perceptions – Independent Dealers Lead the Way

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

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

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

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

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

Personal leasing demand helps offset market decline

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

Comment: HSBC could start charging for basic banking services

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

HomeFact celebrates its first anniversary

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

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

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

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

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

Money Advice Trust responds to launch of review into water affordability

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

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

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

Paradigm adds LiveMore Capital to lender panel

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

Dealer Finance is Helping to Drive Used Car Sales

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

Jaywing expands financial services offering with two new senior hires

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

Comments: “Fantastic time to be a broker”

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

Industry reaction to the latest UK House Price Index

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

Savers becoming less materialistic as result of the pandemic

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

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

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

Opportunity for credit providers as homemovers soar

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

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

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

Money Advice Trust responds to Ofgem’s new consumer protections

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

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

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

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

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

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

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

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

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

Zephyr Homeloans joins Brilliant Solutions’ Mortgage Club

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

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

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

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

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

Joanna Elson awarded CBE for services to people in financial difficulty

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

Consumer finance new business fell by 11% in August 2020

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

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

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

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

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

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

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

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

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

Industry reaction to the Halifax House Price Index

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

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

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

New Solution Lends Its First Million to UK Customers

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

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

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

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

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

Meteoric uplift in homebuyer demand during Q3

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

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

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

Covid-19 impact on credit extension

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

Venio expands offering nationwide across the Philippines increasing market reach

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

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

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

Help for first-time buyers in Scotland extended

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

Tech-focused challenger business outlines bold launch plan

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

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

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

TransUnion and Leeds United Team Up to Teach Teens About Finance

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

Hungarian twin town locations fetch the highest house prices in Britain

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

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

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

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

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

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

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

Debt charity responds to Bank of England borrowing figures

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

StepChange comments on August’s Bank of England data

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

Comment on Bank of England Money and Credit figures

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

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

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

The Right Mortgage strengthens support team with multiple new hires

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

Jon Tweed joins Air Group as consultant

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

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

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

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

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

Stonebridge launches new Performance Dashboards on Revolution system

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

OMS extends support and development teams

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

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

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

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

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

Ninety-three percent struggle to afford essentials after Government collections

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

Four in ten Brits counting the cost of COVID-19

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

heycar Expands Partnership Drive With Regit

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

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

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

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

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

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

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

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

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

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

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

SimplyBiz Mortgages welcomes Zephyr Homeloans to lender panel

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

The Opportunity of Embracing FCA Mandated Pricing Changes

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

FLA comment on the FCA’s latest mortgage guidance

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

StepChange Responds to FCA Mortgage Advice update

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

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

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

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

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

Paradigm launch annual testing facility as part of CPD Academy

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

Zephyr Homeloans joins IMLA

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

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

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

Consumer finance new business fell by 9% in July 2020

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

Mark Stokes joins United Trust Bank as Chief Commercial Officer

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

Home ownership aspirations further out of reach

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

The Moving Hub lands award for Best Technology Based Conveyancing Firm

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

Phoebus Software and Yabber Global sign exclusive strategic partnership agreement

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

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

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

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

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

Foundation Home Loans enhances its Residential Range including rate cuts

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

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

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

Fair Finance automates using ADP

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

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

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

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

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

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

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

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

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

Stonebridge sees record £1bn of mortgage applications in July

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

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

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

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

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

UK private sector recovery ahead of global trend

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

Cardtronics takes over management of Triodos Bank’s ATM network

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

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

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

Second lockdown more likely than Brexit to affect the market

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

Viva Wallet brings Apple Pay to Customers

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

Air Mortgage Club and LiveMore announce successful launch

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

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

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

New research reveals remote working has changed the millennial forever

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

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

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

Personal insolvency rate to soar in Q4 2020 – comments

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

Consumer finance new business fell by 17% in June 2020

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

StepChange responds to FCA’s Repeat Borrowing Findings

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

CPS strongly welcomes new White Paper on planning

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

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

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

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

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

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

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

NatWest Group and Paylink develop affordability tool for payment holiday conclusion

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

Oplo. The relaunch of 1st Stop Group.

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

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

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

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

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

Comment: FCA’s new guidance on vulnerable customers

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

Consumer eligibility for credit showing signs of improvement

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

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

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

FCA ‘right to challenge firms’ to improve on vulnerability

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

FCA announce to ban motor finance discretionary commission models – comment

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

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

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

Foundation Home Loans completes fifth securitisation

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

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

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

FLA comment on launch of the Comprehensive Spending Review

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

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

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

StepChange and Generation Rent urge Government to protect renters from eviction

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

Zephyr Homeloans joins Openwork’s mortgage panel

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

Success at Landwood Continues with Leading Health Care Provider

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

PropertyPal Mortgages speeds up processing times with eKeeper

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

Amigo Holdings Plc: FY20 Results and Appointment of Chairman

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

Debt charity welcomes May launch for Breathing Space scheme

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

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

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

Comment: FCA support for consumer credit and our concerns

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Stonebridge investment continues as further updates to Revolution system are released

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

MotoRate – 21st Century Dealer Finance

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

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

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

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

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

FLA comment on the Chancellor’s Economic Update

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

CPS responds to Chancellor’s statement

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

Stamp Duty: comment

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

New ‘MotoRate’ Product Set to Help Redefine Dealer Finance

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

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

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

Consumer finance new business falls by 56% in May 2020

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

Consumer car finance market falls by 78% in May 2020

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

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

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

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

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

Love Energy Savings’ New Smart Platform Drives Record Conversions

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

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

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

MotoNovo Announce CBILS Support

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

The Progressive Building Society joins Knowledge Bank

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

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

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

MCI Club rebrand puts technology at the forefront

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

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

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

Castle Trust rebrands as Castle Trust Bank

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

SDL Surveying reveals positive results for May

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

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

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

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

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

Paradigm Mortgage Services announces annual results

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

MCI Club enhances onboarding with Knowledge Bank integration

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

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

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

Castle Trust granted full banking licence

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

Stonebridge continues to increase adviser numbers

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

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

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

StepChange backs cross-Party call for Debt Management Bill

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

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

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

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

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

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

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

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

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

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

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

Consumer finance new business falls by 64% in April 2020

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

Consumer car finance market falls by 94% in April 2020

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

Fintech vs traditional banking

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

Trust in finance

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

Comment on the UK Finance review

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

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

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

Ipswich Building Society opens up lending to Paradigm members

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

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

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

FCA Mortgage Payment Holiday Extension

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

Comment on extension of mortgage payment holidays

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

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

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

Conveyancing Association issues sector-specific guidance for conveyancing firms

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

Motor dealerships reopening is a welcome move

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

Paradigm announce 2019-20 Lender and Provider Award Winners

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

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

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

Melanie Spencer to run MCI Club as Phil Whitehouse steps down

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

Banks ramp up tech recruitment in response to COVID-19

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

Mortgage payment holiday extension – comment

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

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

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

Mortgage Payment Holidays extended – comment

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

Paradigm add Paragon to lender panel

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

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

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

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

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

Positive Demand Signs for Click & Collect

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

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

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

Revealed: how lockdown has impacted people on debt solutions

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

Knowledge Bank launches Tenet tie-up

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

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

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

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

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

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

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

Protecting Mental Health as UK Lockdown Continues

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

SDL Surveying to start physical inspections immediately

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

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

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

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

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

Commenting on the Chancellor’s extension to furlough scheme

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

MCI Club partners with Safe & Secure for GI referrals

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

Coronavirus LTV restrictions dominate April broker searches

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

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

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

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

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

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

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

Consumer finance new business falls by 16% in March 2020

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

Consumer car finance market falls by 27% in March 2020

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

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

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

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

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

FLA comment on the 97% drop in new car registrations

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

BoE Money and Credit stats – insights

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

StepChange streamlines referrals to make getting debt advice easier

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

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

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

Knowledge Bank responds to broker challenge for SVR list

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

Comment on the BoE mortgage lending figures for March

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

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

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

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

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

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

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

Car Buying Still Top of Mind for Customers

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

MotoNovo Extends Finance Acceptances to 60 Days

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

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

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

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

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

MCI Club expands ethical range with Reliance Bank tie-up

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

FCA motor finance: comment

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

Signs of Improvement in UK Household Finances

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

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

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

StepChange welcomes IVA coronavirus flexibility

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

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

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

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

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

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

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

MCI Club extends into lifetime mortgages with OneFamily partnership

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

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

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

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

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

Paradigm Protect launch webinar series for member firms

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

Consumer finance new business grows by 6% in February 2020

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

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

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

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

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

OMS integrates Iress’ Lender Connect software

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

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

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

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

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

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

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

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

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

StepChange welcomes FCA emergency financial relief proposals

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

Employers must remember duty of care during outbreak

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

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

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

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

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

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

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

Paradigm add lender AVM levels to Coronavirus support page

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

Foundation Home Loans – update and comment

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

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

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

Maintaining a Productive and Healthy Workforce During Coronavirus

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

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

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

Conveyancing market stakeholders produce industry guidance for firms during Coronavirus crisis

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

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

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

Paradigm launch Coronavirus support page for advisers

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

Computershare Loan Services UK – Coronvirus statement

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

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

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

Vision Blue announce new brand and enhanced products

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

The Financial Adviser Event moves to new September date

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

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

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

Air Group announce postponement of National Later Life Adviser Conference

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

Employees now working from home working longer hours than before

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

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

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

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

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

StepChange reaction to Chancellor’s wage support statement

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

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

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

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

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

Latest commentary from the Mortgage Market Alliance

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

Central banks take centre stage

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

Foundation Home Loans refresh entire BTL product range

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

StepChange responds to today’s Budget

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

Foundation Home Loans announce packager agreement with Y3S Bridging & Commercial

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

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

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

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

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

FLA launches Diversity and Inclusion information hub

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

Response to statement by James Benamor

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

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

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

Together bolsters its broker team with two key hires

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

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

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

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

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

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

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

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

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

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

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

Together Financial Services Limited – Q2 Results

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

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

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

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

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

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

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

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

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

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

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

Just Mortgages appoints new Financial Services Director

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

Foundation Home Loans announce new partnership with The Mortgage Trading Company

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

Comments on the state of the mortgage market

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

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

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

MCI Club offers free Digital Mortgage Broker

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

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

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

UK labour market data – comment

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

UK Finance Mortgage Trends

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

Air Mortgage Club add Chorley Building Society to retirement lending panel

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

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

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

McVey sacked as Housing Minister: comment

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

Consumer car finance market holds steady in 2019

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

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

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

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

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

Comment regarding Government’s new ‘breathing space’ scheme

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

FLA comments on the Government’s new Breathing Space announcement

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

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

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

AmTrust complete Italian capital relief transaction

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

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

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

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

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

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

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

FORS becomes official Supporter of mental health charity Mates in Mind

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