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

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

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

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

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

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

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

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

Rising Interest Rate, Inflation Forecast and FCA Calls for Care

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

Just Mortgages launches panel management partnership with eConveyancer

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

Comments on today’s ONS retail sales figures for May

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

Paradigm Protect add LV= GI product range to panel

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

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

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

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

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

New current account to improve financial inclusion for East Midlands communities

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

Comment on Treasury announcement of intention to regulate BNPL

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

PSR sets out the details for its work on card fees

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

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

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

BNPL regulation plans not enough – comment

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

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

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

Consumer finance new business grew by 21% in April 2022

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

Firms still failing to capture information on vulnerable customers – comment

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

Countrywide Surveying Services gains ISO27001 approval for 10th consecutive year

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

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

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

Money Advice Trust comments on interest rate rise and FCA intervention

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

HM Treasury agrees to reform the Consumer Credit Act

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

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

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

Crystal Specialist Finance expands team

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

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

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

Two years of turmoil forces a change of plans

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

Mat leave propels new mothers into debt

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

Impact Specialist Finance added to Paradigm

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

Payl8r grows as rival Klarna cuts 10% of staff

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

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

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

OMS in API integration with Pepper Money for second charge business

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

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

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

MotoNovo Appoint New Head of Partnerships & Transformation

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

CHL Mortgages added to finova lending panel

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

400th surveyor graduates from Countrywide Surveying Services training academy

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

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

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

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

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

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

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

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

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

Motor finance solutions for deployed service personnel

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

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

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

BoE Mortgage and Credit Card data: comment

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

Cost of living pressures continue to drive new clients to StepChange

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

“Ominous signs” as borrowing levels continue to rise

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

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

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

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

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

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

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

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

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

Money Advice Trust welcomes scale of cost of living support

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

StepChange reaction to Chancellor’s cost of living support package

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

Comment on the Chancellor’s cost of living announcement

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

TransUnion Celebrates Completion of Challenge90 with Colleague Wellbeing Festival

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

Monthly mortgage repayments now cost a third of earnings

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

Cost of living crisis: Industry reaction

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

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

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

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

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

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

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

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

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

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

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

Comments on today’s ONS retail sales figures for April

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

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

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

Will the Bojo mortgage fill the Help to Buy hole?

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

Yooz Announces Company Veteran Laurent Charpentier as CEO

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

Agency Models Will Drive Change in Used Car Retailing

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

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

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

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

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

StepChange comments on inflation: “a driver of debt”

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

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

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

Paradigm appoint new Senior Relationship Manager

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

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

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

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

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

Consumer finance new business grew by 19% in March 2022

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

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

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

RICS: Caution creeps into the property market

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

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

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

New guide highlights need for empathy in borrower customer care

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

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

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

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

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

One in ten with variable rate mortgages face rate rise stress

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

Comments on the Bank of England base rate

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

Money Advice Trust responds to Bank of England interest rate rise

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

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

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

MotoNovo Recognises Dealer at its Extra Mile Awards

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

Central Trust enhances residential and CBTL mortgage proposition

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

Just Mortgages brings in fifty new brokers in Q1

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

NewDay and John Lewis in Financial Services Partnership

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

Estate agents are confident about the future

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

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

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

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

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

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

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

tell.money successfully completes £2m growth funding round

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

Impact Specialist Finance partners with Movin Legal

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

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

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

Low Unemployment Rare Bright Spot in Cost of Living Crisis

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

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

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

Credit Demand Grows Alongside Booming Buy Now, Pay Later Market

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

Paysafe enables eCash payments for US auto loans with Exeter Finance

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

Lately in red: how borrowing has changed during the pandemic

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

LiveMore expands product range with four-tier structure

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

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

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

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

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

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

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

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

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

Hampshire Trust Bank makes experienced vehicle finance hire

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

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

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

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

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

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

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

Households “buckling under the strain” of rising costs

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

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

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

West One appoints new national account manager

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

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

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

MotoNovo Launches a New Motor Retailing Women’s Network

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

CHL Mortgages launches new large HMO and MUFB range

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

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

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

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

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

StepChange responds to new FCA strategy

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

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

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

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

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

New analysis shows mainstream lenders surrendering victims to loan sharks

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

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

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

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

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

Mortgage Industry Mental Health Charter targets 200+ signatories.

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

Digital bank Zopa hits profitability

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

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

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

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

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

CHL strengthens BDM team

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

Breadth of lending vital to a thriving economy

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

Just Mortgages set for 1,500 staff

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

Foundation Home Loans launches expanded solicitor panel for specialist property cases

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

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

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

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

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

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

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

The Consumer Rights Act as a Sales Tool

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

Coadjute joins The Conveyancing Association as Affiliate member

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

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

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

Foundation Home Loans promote Hendry and Whitear to Director level

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

Knowledge Bank adds Proportunity criteria

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

Stonebridge reveals strong growth

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

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

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

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

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

Pink Pig Loans rebrands to Truffle Specialist Finance

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

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

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

A greater impetus to secure a favourable rate – comment

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

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

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

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

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

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

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

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

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

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

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

Enra Specialist Finance to be acquired by Elliott Advisors

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

Just Mortgages appoints new divisional sales director

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

SCA regulations: A call to action for the payments industry

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

MSS Group announces acquisition of significant shareholding in the Connect network

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

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

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

Consumer finance new business grew by 51% in January 2022

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

Helen Lord invited to join the prestigious DataIQ 100 power list

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

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

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

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

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

As Retail Footfall Returns MotoNovo Delivers Record Activity

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

Tembo latest addition to Proportunity brokers

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

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

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

TotallyMoney hires Head of Data in credit personalisation drive

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

Remortgage renaissance ahead of rate rise

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

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

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

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

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

Just Mortgages to host shared ownership event

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

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

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

Just Mortgages trains brokers to provide business protection advice

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

Norton Home Loans added to New Leaf lender panel

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

Mortgage interest payments down -22% versus 30 years ago

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

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

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

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

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

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

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

Shawbrook Hires Arthur Leung As Chief Product Officer

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

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

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

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

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

CarTrawler Partners with Condor as their Online Car Rental Provider

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

Together loan book reaches £4.4bn

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

Strathkelvin Credit Union announces Quantuma as Administrators

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

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

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

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

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

Paradigm appoint new Senior Relationship Manager

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

Foundation Home Loans announce two National Sales Managers

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

MotoNovo Champions the Broader Opportunities for Apprenticeships Right Across Motor Retailing

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

Just Mortgages hires new development directors

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

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

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

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

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

Foundation Home Loans appoints Managing Directors

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

Homeowners less reliant on mortgages compared to five years ago

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

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

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

Real estate consultancy gears up for growth after record year

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

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

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

First 4 Bridging appoints Head of Intermediary Relations

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

Affinity Mortgages added to broker panel at Proportunity

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

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

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

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

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

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

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

StepChange responds on FCA BNPL interventions

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

Commentary on the ONS monthly and quarterly GDP results

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

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

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

TotallyMoney appoints Rebecca Shears as Chief Marketing Officer

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

MotoRate Continues to Drive Dealer Success

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

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

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

New Year, New Partnership

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

CHL Mortgages added to Brilliant Solutions’ lending panel

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

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

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

Bank Base Rate decision comment

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

2022 to deliver more specialist mortgage business than ever before

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

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

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

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

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

One in five Britons plans to buy a property in 2022

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

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

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

Comment on Equity Release Council report

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

Comments: BNPL Firm Klarna Launches Physical Card in the UK

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

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

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

Moneypenny launches Microsoft Teams call integration

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

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

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

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

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

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

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

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

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

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

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

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

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

West One added to Paradigm lender panel

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

Key Group appoints national account manager

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

Shoppers wrapped up their Christmas shopping a little earlier this year

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

Consumer finance comment on ONS retail figures

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

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

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

FCA: High street giants losing their grip on current accounts

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

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

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

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

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

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

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

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

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

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

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

Consumer finance new business grew by 33% in November 2021

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

Pandemic decline in housebuilder liquidations

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

Just Mortgages restructures to accommodate 100% expansion

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

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

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

OMS announces inaugural third-party system integration with Submissions Brain

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

Impact Specialist Finance exclusive products now on MortgageBrain

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

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

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

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

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

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

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

Just Mortgages doubles number of area directors

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

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

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

Hodge releases “Tired of Retirement” whitepaper

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

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

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

‘Bank of Mum and Dad back open for business’

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

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

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

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

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

Buy Now Pay Later Xmas spending

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

Consumers expect to take on additional debt over Christmas period

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

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

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

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

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

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

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

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

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

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

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

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

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

‘Fear of rejection’ stalks millions of UK borrowers

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

Black Friday blowout risks credit crisis

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

Consumer finance new business grew by 11% in October 2021

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

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

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

Just Mortgages launches golden hello scheme for self-employed advisers

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

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

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

Paradigm add Harpenden Building Society to lender panel

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

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

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

Why women worry: 5 steps to rebuild resilience

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

Conveyancing Association Annual Conference sets out process improvements

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

96% of brokers expect to write more limited company business in 2022

A webinar poll conducted by CHL Mortgages, the intermediary-only specialist buy-to-let lender, suggested that an overwhelming 96% of brokers expect to write...

Industry delight at Government decision to promote Peer-to-Peer Islamic Finance alternatives

Her Majesty’s Revenue and Customs (HMRC) has made a welcome announcement as part of their ‘Building a trusted, modern tax administration system’, a...

Kensington Mortgages links with Proportunity to help those with small deposits

Kensington Mortgages and Proportunity will now work together to help first time buyers to get on the housing ladder.  Specialist mortgage lender, Kensington,...

The Bounce Back Loan Scheme: an update

Following the release of the National Audit Office’s report on the Bounce Back Loan Scheme, Phil McGilvray, Managing Director of Debt Services at Equifax UK,...

Pink Pig Loans appoints Head of Residential Mortgages and Protection

Pink Pig Loans, the specialist finance packager and distributor, has today (3 December 2021) announced the appointment of Kate Pedley as its new Head of...

West One makes exciting new additions to its BTL team

West One Loans buy-to-let division has added four new underwriters and one completions case manager as it continues to expand to meet strong demand for...

Borrower Wellbeing App Launches Get Debt Fit Campaign

Following the launch of the ilumoni app in September 2021, ilumoni is on a mission to help UK borrowers #BorrowWell through their new #GetDebtFit...

UK Moneyman selects OMS as tech partner

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has been selected by mortgage advisory firm UK...

New firm launches to shake up insurance and property finance

Key members of the London Belgravia Group have set up their own insurance and financial advisory firm, J3 Advisory. Jack Bristow, Johnny Leadsom and James...

he Money Stats – November 2021 – Prices and Labour Supply Bring Heavy Pressure on UK Household Budgets

UK household budgets continue to be heavily pressured from all sides, with both international and national factors adding unexpected challenges into the mix,...

New study highlights progress in fintech regulation in Sub-Saharan Africa

The Cambridge Centre for Alternative Finance (CCAF) at the Cambridge Judge Business School today published the report of findings from its “Fintech...

Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas

New research has found that the number of people with debt in the UK has increased by ten percentage points in just six months (64% to 74%), with variable...

Access to affordable borrowing options vital as UK reliant on credit in run up to Christmas

New research has found that the number of people with debt in the UK has increased by ten percentage points in just six months (64% to 74%), with variable...

Fleet Mortgages announce promotions within senior team

Fleet Mortgages, the buy-to-let specialist lender, has today announced a series of changes and promotions within its senior management team. Sunny Lo, Chief...

Over 1/3 of finance professionals considered themselves vulnerable in last 12 months

A recent Chartered Body Alliance global survey has revealed some stark realities regarding the treatment of customers in vulnerable circumstances, including...

Record number attending Just Mortgages latest academy

Just Mortgages’ academy is welcoming a record number of attendees into its industry leading training programme. 18 trainees are going to learn the ropes of...

Monthly government property transactions: Residential transactions show dramatic fall from September

‘As expected, there was a huge decrease in property transactions in October, falling by 50 per cent as people rushed to take advantage of the stamp duty...

Property sales plummet, as the market heads for hibernation

Property sales (not seasonally adjusted) plummeted to 85,090 in October – down 48.4% from September, and down 30.1% from a year earlier. This is the slowest...

Financial Wellness Group sees a fourfold increase in customers seeking debt advice who have Buy Now Pay Later debts

New figures from Financial Wellness Group show that the number of customers seeking debt advice who have outstanding Buy Now Pay Later (BNPL) loans amongst...

Fleet Mortgages appoint new BDM for the North West region

Fleet Mortgages, the buy-to-let specialist lender, has today (22nd November 2021) announced the appointment of a new Business Development Manager (BDM) for the...

TransUnion’s Kelli Fielding Appointed to Monevo Board

UK-based fintech Monevo has appointed Kelli Fielding, TransUnion’s managing director of consumer interactive in the UK, to its board, helping to leverage...

Hastings Direct partners with Aryza for their loan origination platform

Aryza Lending Solutions today announced a new partnership with one of the UK’s top financial services companies, Hastings Direct. With its proud history and...

NewDay launches regulated instant access credit account

NewDay, one of the UK’s largest providers of consumer credit, has launched Newpay, an instant access digital credit account designed to help consumers spread...

The great resignation: record numbers move jobs as redundancies remain steady

The number of employees was up 160,000 to 29.3 million in October. Job-to-job moves hit a record high of 979,000 in July-September, largely driven by...

Just Mortgages reaches 400th self-employed broker landmark

Leading broker firm, Just Mortgages has reached a new milestone with the 400th self-employed broker joining its team. This marks an incredibly rapid expansion,...

Talk Money Week: experts want to get parents and children discussing finances

The concept of money and saving is a crucial part of being financially independent and responsible. Blacktower Financial Management surveyed 1,500 UK parents...

67% of consumers fail to research BNPL providers prior to purchasing

The UK’s BNPL market was estimated to be worth £2.7 billion in 2020, leading to consumer credit totalling £246 billion. It’s a rapidly emerging market...

Newly rebranded finova adds Metro Bank to its lender panel

Metro Bank has joined the lending panel of finova Payment & Mortgage Services, previously known as MCI Mortgage Club, which rebranded last month. Club...

More than 2 in 5 young people said that their money worries had increased because of the COVID-19 pandemic, new research shows

Worrying new statistics from a new online survey of over 2,000 16-25 year olds* suggests that young people’s financial health has worsened as a result of the...

West One joins Brilliant Solutions’ panel

West One Loans buy-to-let division has been added to Brilliant Solutions’ growing direct to lender panel, a move which will further boost the lender’s...

JBR Capital Extends Partnership with SCD as Exclusive Vehicle Finance Partner

Leading automotive finance provider, JBR Capital, is pleased to announce a renewed partnership with Supercar Driver as exclusive vehicle finance lender for...

Consumer car finance market fell by 21% in September 2021

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

Consumer finance new business grew by 1% in September 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 1% in September 2021 compared with...

House price rises are a family business: Halifax House Price Index

Average house prices reached a record high in October of £270,027. They increased at their fastest pace since June – up 8.1% in a year. House prices for...

Payment Systems Regulator publishes the final report for its card-acquiring market review

Today, the Payment Systems Regulator (PSR) publishes its final report into its card-acquiring market review. The document sets out the regulator’s...

Just Mortgages teaches students the importance of managing finances

Leading broker firm, Just Mortgages has launched a new nationwide initiative to teach children the importance of financial management. As part of the campaign,...

Financial Wellness Group launches its 2020-21 Impact Report

Financial Wellness Group has released its 2020-21 Impact Report, providing an overview of the support it provided to customers during a full year impacted by...

StepChange reveals September client insights, comments on latest consumer credit data from Bank of England

StepChange Debt Charity today reports that of the 13,000 new clients who took advice from the charity in September, a rising proportion were claiming Universal...

New CEO, Simon Dukes, joins fast-growth ethical lender Fair for You

Responsible lender, Fair for You, will continue its rapid expansion under the helm of new CEO Simon Dukes. The Community Interest Company (CIC) is seizing the...

New members join Money and Pensions Service Advisory Group

Phil Andrew, Chief Executive Officer of StepChange Debt Charity, Joanna Elson CBE, Chief Executive of the Money Advice Trust, Dame Clare Moriarty, CEO of...

eConveyancer strengthens Sales team

eConveyancer has strengthened its Sales team, with the recruitment of Michelle Ward as National Account Manager. Michelle brings with her nearly 15 years’...

Money Advice Trust responds to the Budget

The Money Advice Trust has responded to Today’s budget welcoming the taper rate cut to Universal Credit but has warned of a challenging winter ahead for...

StepChange responds to Budget

StepChange Debt Charity says that today’s Budget is good in parts – but that many lower-income households who accumulated debt during the pandemic are...

Budget comment: No news is good news for the mortgage market

Following the Autumn Budget, John Phillips, national operations director at Just Mortgages said: “As expected, the Budget was light on news for those in the...

Economic Recovery From Pandemic Remains In Transition

The UK’s economic recovery from the pandemic remains in a point of transition, with every sign of a positive measure being equally met by a challenge,...

Buy-now, pay-later debt bubble surpasses £4bn

An estimated eight million (7.7m) Britons have significant outstanding balances with buy-now, pay-later companies, as consumers continue to be drawn in by...

Just Mortgages appoints new head of mortgages and protection

Leading broker firm, Just Mortgages has appointed Ben Allkins as the new head of mortgages and protection for its self-employed division. The newly created...

Reliance Bank joins Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Reliance Bank to its lender panel. From today, Paradigm member firms will have...

Comment on BNPL consultation

Following the announcement of the Government’s BNPL consultation today, Jayadeep Nair, Chief Product and Marketing Officer at Equifax UK said: “In just a...

StepChange reaction to HM Treasury BNPL consultation

StepChange Debt Charity is pleased to see that today’s consultation paper issued by HM Treasury on how to regulate the Buy Now, Pay Later (BNPL) market picks...

Paysafe extends partnership with ZEN.COM to bridge the gap between cash and digital banking

Leading integrated payments platform, Paysafe (NYSE: PSFE), today announces that it has extended its partnership with payments provider ZEN.COM. Paysafe’s...

Dudley Building Society becomes latest lender to join Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added Dudley Building Society to its lender panel. Dudley Building Society lends...

SDLT Compass joins Conveyancing Association as Affiliate member

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today announced the appointment of new Affiliate member, SDLT...

Lloyd Davies steps down from Conveyancing Association Operations Director role

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today announced Lloyd Davies has decided to retire from his...

Foundation Home Loans launch new fixed-rate ‘Green ABC+’ mortgages for landlords and owner-occupiers

Foundation Home Loans, the intermediary-only specialist lender, has today launched ‘Green ABC+’ fixed-rate products for both buy-to-let and owner-occupied...

Detached property rent rises outstripped national average increase during Q3 2021, according to The DPS

Rents on detached homes increased twice as fast as the average for all UK properties during Q3 2021, according to The Deposit Protection Service (The DPS). The...

Hanley Economic BS enhances residential mortgage range

Hanley Economic Building Society has launched a two-year 95% LTV fixed rate shared ownership mortgage and a two-year 95% LTV fixed rate mortgage to enhance its...

Finding the right tenant is key concern for landlords, according to Hodge research

Getting the right tenant and a good property manager are the two most important things for buy to let property-owners, according to new research from Hodge...

Young buyers drive mortgage demand as stamp duty holiday ends

Mortgage demand up since 2019 New figures released today from Experian have found that mortgage application volumes are up 17% in September this year, when...

Over half of UK credit providers plan to implement Open Banking in 2021

Over half (55%) of UK credit providers plan to implement Open Banking in 2021, with 93% of those businesses expecting to do so in the next 12 months, according...

Smart Money People’s Mortgage Lender Benchmark H2 2021 returns today

Smart Money People’s Mortgage Lender Benchmark returns today. The seventh edition aims to find out which lenders are providing the best service to mortgage...

Consumer car finance market fell by 10% in August

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

Consumer finance new business grew by 13% in August 2021

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 13% in August 2021 compared with the...

Industry collaboration leads to launch of Mortgage Industry Mental Health Charter

Seven businesses from across the mortgage industry have come together to launch the Mortgage Industry Mental Health Charter (MIMHC), aimed at providing...

Just Mortgages launches mental health support ahead of World Mental Health Day

Leading broker firm, Just Mortgages has launched an industry-first support scheme to help self-employed brokers with their mental wellbeing. The scheme, which...

Rosie Lyon wins Global Young Banker of the Year Award with proposal to help sufferers and survivors of domestic abuse

Bringing true innovation to banking, Rosie Lyon from Allied Irish Bank (AIB) has been named the 2021 Young Banker of the Year during the virtual final of the...

Paradigm Consulting widens scope of ‘Agency’ proposition

Paradigm Consulting, the financial support consultancy, has today announced the expansion of its ‘Agency’ proposition to assist advisory firms with their...

StepChange urges Government to think again on £20 a week cut to Universal Credit

The Government will today withdraw £20 a week in support from Universal Credit claimants in a move StepChange says will have devastating consequences for its...

CHL Mortgages teams up with Mortgage Intelligence

CHL Mortgages, the intermediary-only specialist buy-to-let lender, has teamed up with Mortgage Intelligence to increase its distribution footprint for both ARs...

20% of over 50s like to have separate bank accounts and only a third know everything about their partner’s finances

New research from Hodge has found more than half (56%) of Brits share finances 50/50, compared to nearly a fifth (19%) who like to have all their finances...

77% of us opt to Buy Now, Pay Later – just 16% state it causes them to live beyond their means

Research by leading UK Buy Now Pay Later (BNPL) platform and the first BNPL travel agent, Butter, has revealed that the majority of UK consumers would like to...

PayPoint applauds government’s £500m pledge to UK’s poorest households

After government announced a £500m grant to help vulnerable households in the UK, PayPoint is lauding the decision and now calling on local authorities to...

StepChange responds to new Government’s new £500m support fund

The Government has today announced a new £500m Household Support Fund to help vulnerable individuals and families cope with costs this winter. The fund will...

Foundation Home Loans launch new buy-to-let no-fee and flat-fee limited editions

Foundation Home Loans, the intermediary-only specialist lender, has today launched new buy-to-let limited editions with both no-fee and flat-fee options which...

Principality Building Society partners with protection experts Vita

Principality Building Society has partnered with protection specialists Vita to provide their clients and members with some of the best protection advice...

StepChange comments on Bank of England lending data, and reveals rise in those seeking debt advice in full-time employment

Commenting on today’s Money and Credit data from the Bank of England, which showed net consumer credit borrowing of £0.4 billion in August, StepChange Debt...

aperture launches The Market Map for Banking-as-a-Service Providers

aperture, a strategy consultancy, today launches a new report on the embedded banking market, “Embedded Banking: The Opportunity and the Providers Best...

West One joins MCI’s lender panel

MCI mortgage club has welcomed the bridging and buy-to-let divisions of West One Loans to its growing lender panel. West One’s bridging arm provides an...

Yolt Technology Services (YTS) and Keebo announce strategic partnership to deploy next generation of credit card management

Yolt Technology Services (YTS), one of Europe’s leading open banking providers, has been chosen by Keebo, a new generation UK credit card provider, to deploy...

Pay Growth Much Lower Than Heralded

While many headlines have heralded 2021 yielding significant pay growth for the UK, the reality is much more muted, according to the September 2021 Money...

Pandemic breaks money taboos: COVID is changing the conversation

One in five (22%) people say the pandemic has made them more likely to discuss money problems with their family. One in six (16%) say it has made them more...

Technology award for Lending Metrics

LendingMetrics has scooped Technology Partner of the Year at the 2021 Consumer Credit Awards. The financial technology and data specialist was announced as the...

Just Mortgages set to train 120 new brokers

National broker firm Just Mortgages aims to bring in 120 new brokers into the mortgage industry over the next 12 months. These brokers will be provided with...

West One buy-to-let added to PRIMIS Mortgage Network lender panel

West One Loans has been appointed to the PRIMIS Mortgage Network panel in a move which will boost the lender’s ambition to be the ‘go-to option’ for...

Consumer Credit Awards 2021 Winners Announced

The winners of the Consumer Credit Awards 2021, run by Smart Money People, have been announced. This was a record year for voting, with over 31,000 consumers...

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

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

JLM Mortgage Services integrates OMS

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

COVID sees number of “side-hustlers” double

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

Recognise Bank enter personal savings market

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

Specialist Mortgage Group celebrates 20th Anniversary

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

Administrators appointed at Barrow & District Credit Union Limited

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

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

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

SDL Surveying launch Degree Apprenticeship scheme with Nottingham Trent University

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

Curve Launches Flex

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

Evolution Money appoint new Chief Digital Officer

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

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

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

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

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

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

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

Consumer car finance market falls by 20% in July

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

Consumer finance new business grew by 2% in July 2021

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

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

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

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

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

Paradigm sign equity release referral partnership with HUB Financial Solutions

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

CHL Mortgages expands distribution panel with In Partnership

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

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

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

The Right Mortgage Network launch brand new vulnerability hub

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

Successful lender services duo back together after four years

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

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

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

Sigma celebrates Pure Planet contract win following vulnerable customer pilot

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

Retail Sales Drop Alongside ‘Pingdemic’ and Shifts in Spending

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

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

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

Difficult Winter Coming For Many UK Households

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

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

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

The Finance Planning Group launches with Proportunity

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

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

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

CHL Mortgages widens intermediary distribution panel with TBMC

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

OSB Group PLC renews contract with Phoebus Software

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

Allica Bank adds Freeths to legal panel to boost lending speed

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

Countrywide Surveying Services appoints Surveyor Development Manager

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

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

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

OMS signs tech agreement with The Lending Channel

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

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

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

Pink Pig Loans announce trio of new Directors

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

OMS completes full integration with Selina Finance

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

Consumer car finance market up by 12% in June

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

Consumer finance new business grew by 28% in June 2021

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

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

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

The Nottingham grows membership and returns to profitability

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

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

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

Financial Uncertainty Set For Foreseeable

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

MCI signs Proportunity to its lender panel

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

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

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

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

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

Paradigm Mortgage Services announces new partnership with Molo Finance

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

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

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

Comment from MaPS: FCA taking action against debt packager firms

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

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

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

Zephyr Homeloans reduces rates across majority of products

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

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

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

StepChange responds to new FCA business plan

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

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...