Consumer car finance market grows by 5% in July

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

Consumer finance new business grows by 4% in July

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

Stonebridge Group outlines strong half-year figures

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

Together Financial Services Full Year Results 2018 19

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

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

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

Drooms strengthens UK sales team with senior appointments

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

Target Group strengthens board with Non-Executive Director appointment

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

Money Group adopts OMS System across all its brands

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

Credit union network uses ADP

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

Woodford sells major stake in Non-Standard Finance to Alchemy

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

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

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

Fleet Mortgages announces additional funding partnership with OWS Capital Management

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

Top tips to help take your finances back-to-school

The school holidays have come to an end and parents may well be reeling over the costs of supplies to kit out their children for the new school term. Indeed,...

Hinckley & Rugby for Intermediaries added to Air Mortgage Club retirement lending panel

Air Mortgage Club – the distributor for equity release and later life advisers – has today added Hinckley & Rugby for Intermediaries to its...

Just Mortgages appoints three new sales directors

Just Mortgages has appointed three new divisional sales directors to support the business’ continued growth. Peter Kendall, Mike Peet and Tony Richards, will...

Glasgow’s CarMoney appoints industry specialist Niall Cameron as its new General Manager

CarMoney, the rapidly-expanding Glasgow-based motor finance business, has significantly strengthened its executive team with the appointment of an established...

The Money Statistics August 2019

Striking Numbers -0.2%: Change in UK Gross Domestic Product in the three months to June 2019 £59,166: Average total debt per UK household in June 2019 0.3%:...

Expert comment from Huntswood – PPI deadline

As the final deadline for PPI is now just hours away, Steven Kitchen, Managing Director, Huntswood said: “With the final few hours in which customers are...

Amigo Holdings PLC Financial Results: Q1 FY20

Amigo Holdings PLC, (Amigo), the leading provider of guarantor loans in the UK, announces results for the three month period ended 30 June 2019. In the quarter...

PPI comment

As the final countdown to the PPI deadline looms tomorrow, Steven Kitchen, Managing Director, Huntswood said: “With the final few hours in which customers...

Air Mortgage Club add Mansfield Building Society to retirement lending panel

Air Mortgage Club – the distributor for equity release and later life advisers – has today added Mansfield Building Society to its retirement lending...

“The most encouraging figures for a while”

Following the latest UK Finance lending update, Richard Pike, Phoebus Software sales and marketing director, said: “These latest figures from UK Finance are...

Vision Blue open new office as they expand into news markets

Vision Blue, the Dublin-based credit technology specialist, is opening a new office in Nottingham as it expands into the personal insolvency and personal money...

Consumer car finance market falls by 3% in June

New figures released today by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 3% in June...

Consumer finance new business falls by 4% in June

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

The Nottingham books in to support National Literacy Trust

The Nottingham Building Society’s latest chapter will see it link up with the National Literacy Trust to support their work with young people and families...

RBS/Natwest IT outage: Infosys Consulting expert comments on way forward

Following news today that RBS, NatWest, Nationwide and Tesco Bank customers were hit with yet another IT outage, leaving them unable to access accounts and pay...

Avetta Launches Marketplace

Avetta, the leading provider of supply chain risk management that connects organizations with qualified and vetted suppliers, contractors and vendors, launched...

Noble Systems to Host 2019 SNUG Conference

Noble Systems, global leader in omnichannel contact centre technology solutions, will host its 2019 Select Noble Users Group (SNUG) Conference next month at...

FCA issues warning about ‘clone firm’ impersonating National Debtline

The Financial Conduct Authority (FCA) has issued a warning about a ‘clone firm’ impersonating the free debt advice service National Debtline using the name...

UK Finance regional trends – London clearly has a huge impact on national figures, so maybe it is not all doom and gloom

Today’s UK Finance Regional Lending Trends show that while last month’s monthly stats revealed mortgage activity was down, when split by region on a...

Hanley Economic BS restructures and bolsters senior leadership team

Hanley Economic Building Society has restructured and bolstered its senior leadership team in a bid to drive positive change through its intermediary and...

Ascent announces solid financial results for 2018/19 against challenging market conditions

Ascent, a leading specialist provider of arrears management and legal services which is part of the Irwin Mitchell Group, today announced another year of solid...

Debt advice apprenticeship submitted for approval

The debt advice sector has developed a first of its kind apprenticeship qualification. The qualification Standard and End Point Assessment have now been...

OFSTED report shows Credit Services Association on right track for apprenticeships excellence

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has successfully passed the first important stage on its...

UK Credit and Collections Conference Full Programme now released with emphasis on Professional Development

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has finalised the programme for its annual flagship event...

Landlords seek u-turns on tax relief and stamp duty to help stimulate activity, Foundation Home Loans research reveals

A majority of landlords believe future Government u-turns on the increase in stamp duty payable on additional property and on the phased-in cuts to mortgage...

Brits’ Top 10 Guilty Pleasure Expenses

BRITS ARE struggling to save for the future due to overspending on guilty pleasures, including holiday travel, owning a car and making home improvements. A...

Comment on the UK Finance lending trends for June

Following the UK Finance figures this morning on the trends in June, Richard Pike, sales and marketing director at Phoebus Software, says: “Given that the...

£100m Account Freezing Orders are largest granted to NCA

The NCA has been granted freezing orders on eight bank accounts containing a total of more than £100 million, which is suspected to have derived from bribery...

Noble Gamification Mobile Named a 2019 Product of the Year

Noble Systems, a global leader in omnichannel contact centre technology solutions, announced that TMC (a global integrated media company) has awarded Noble®...

Student money: how students can save hundreds of pounds this September

In just a few weeks, thousands of students will be starting at university or college. For many young people, this is their first time away from home. Among...

Monevo announces partnership with Usave

MONEVO, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access...

Adam Oldfield joins Phoebus Software as company continues to expand in key strategic areas

Adam Oldfield has joined Phoebus Software Limited (PSL) as head of sales and account management, reporting into Richard Pike, PSL’s sales and marketing...

Paradigm add Beverley Building Society to lender panel

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

Noble Systems to Sponsor the CX Event of the Year

Noble Systems, global leader in omnichannel contact centre technology solutions, is proud to sponsor CXS (Customer Experience Summit) on 11th September 2019 at...

Webio’s Conversational Payments – WebioPay -Wins Innovation Payments Award

Webio the Conversational Middleware Company™ in conjunction with Spreedly has won the 2019 Innovation Lab Award at the PaymentsEd Forum in San Francisco for...

Cabot Credit Management Improves Its Margins And Reduces Its Leverage In Line With Prior Commitments

Cabot Credit Management (Cabot), a market leader in European credit management services, today announced the financial results for six months ending 30 June...

Arrow Global Group: Interim Results statement

Arrow Global Group PLC (the “Company”, and together with its subsidiaries the “Group”), a leading European investor and asset manager in secured and...

Spicerhaart comment on UK Finance Arrears and Possessions

Commenting on the latest UK Finance Arrears and Possession stats which reveal possessions are up 15 per cent, Mark Pilling, managing director at Spicerhaart...

The Moving Hub recruits three national BDM’s and forms specialist in-house legal advice team

The Moving Hub, a leading conveyancing platform and case management system, has recruited three national BDM’s and formed a specialist in-house legal advice...

Increased government spending sees UK outsourcing market rebound in Q2

A rise in government spending saw the UK outsourcing market rebound in Q2 after a quiet first quarter, according to the Arvato UK Outsourcing Index. The...

BrokerSense launches buy-to-let mortgage calculator

BrokerSense, the provider of specialist mortgage calculators for brokers, is today launching the UK’s first buy-to-let mortgage calculator of its kind. The...

TriLine GRC and 1st Stop Group named as finalists in 2019 UK Credit & Collections Technology Awards

TriLine GRC and 1st Stop Group have been named as finalists in the 2019 UK Credit & Collections Technology Awards. The Awards recognise excellence and...

Monevo announces partnership with Usave

MONEVO, Europe’s largest lending marketplace and platform, has announced it has partnered with yet another brand seeking to improve their customers’ access...

Late Rooms and Super Break Collapse – Comment

Commenting on the collapse of Late Rooms and Super Break, Alastair Douglas, CEO of credit experts TotallyMoney said: “If the purchase or deposit was paid...

Motor finance: a changing market

Pressure on motor finance companies looks set to see changes in the months ahead and lenders and dealers must adapt. This is the view from MotoNovo CEO Mark...

Payments Regulator demands Confirmation of Payee Systems by March 31 2020

Following the announcement by the Payment Systems Regulator that the UK’s six biggest banks must implement the Confirmation of Payee System by March 31st...

Hanley Economic BS appoint new Financial Director

Larne Payne has been confirmed as the new financial director for Hanley Economic Building Society. Larne has been with the society for over seven years after...

Consumers Thrown into Hit-or-Miss Credit Card Lottery, Latest Figures Reveal

Regulations say only 51% of people must get the rate shown — while the other 49% may get stung on interest rate, offer duration, and credit limit. Recent...

Three quarters of homeowners unable to correctly define ‘Remortgaging’: What more could lenders be doing?

New research and interactive visual map from online mortgage broker Trussle, reveals that 61% of current and soon to be homeowners in the UK don’t fully...

Avoiding the debt advice scammers

The Financial Conduct Authority has issued a warning to consumers about a “clone” firm impersonating StepChange Debt Charity using the names “Step to...

Half of Brits struggling with debt – top 5 reasons

Almost half of UK adults are currently in debt and believe the rising cost of independent living is to blame. A survey of 1,000 UK adults published in The UK...

Card Controls Could Prevent Budget Shortfall and Curb Bad Habits

Consumers are well-intentioned when building their budget, but even a nominal unplanned expense could leave UK cardholders financially constrained. Many...

First 4 Bridging gains full FCA regulated status

Specialist distributor First 4 Bridging (F4B) has achieved fully regulated status with the Financial Conduct Authority (FCA). The successful navigation of this...

Is this the new normal? Comment on the BoE lending figures for June

Following the BoE figures this morning, Richard Pike, Phoebus Software sales and marketing director, says: “The latest figures from the Bank of England show...

Gift card reward means those who plan for tomorrow can live for today

The Nottingham and funeral plan provider Dignity are providing a breath of fresh air to people who put prepaid funeral plans in place between now and 28...

Elliptic announces further senior hires as it accelerates overall growth

Elliptic, the leading provider of compliance in cryptocurrency, continues its rapid growth with the new appointments of a Vice President of Product and Head of...

Master Private Finance add Vida Homeloans to lender panel

Master Private Finance, the specialist mortgage desk exclusively for mortgage/protection network, JLM Mortgage Services’ member firms, has today announced...

Pound bounces as Boris Johnson appoints new cabinet

This week, Boris Johnson becomes leader of the Conservative party and appoints a new cabinet, with Sajid Javid, Priti Patel and Dominic Raab in top positions....

Consumer county court judgments hold steady

The number of County Court judgments (CCJs) issued against consumers in England and Wales in the first half of 2019 rose just three percent, to 586,765,...

Comment on the UK Finance lending update for June

Following the UK Finance figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “With both UK Finance and HMRC reporting a...

The Money Stats – July 2019 – “Safe As Houses”…What’s Happening in the UK Market?

Striking Numbers 0.5%: Average increase in house prices in the year to June 2019, according to Nationwide 0.80%: Average interest rate on a cash ISA in May...

What will a Boris Johnson premiership mean for Personal Finance?

Finally, after months of deliberation, we finally know that Boris Johnson has been successful in succeeding Theresa May as the next Prime Minister of Great...

Young people pick their banking partners for the future

More than two in five young people (43%) believe that high street banks will continue to process their payments in Britain of 2030 – but they also...

StepChange response to new draft FCA vulnerability guidance to firms

StepChange Debt Charity commends the Financial Conduct Authority for its thorough analysis and new draft practical guidance to firms to help them improve their...

FCA sends ‘clear signal’ for firms to do more on vulnerability

The Financial Conduct Authority has today launched a consultation on proposed new guidance for firms on the fair treatment of vulnerable customers. The...

Bristow & Sutor highlights impact of Independent Advisory Panel

Bristow & Sutor, one of the UK’s leading enforcement agencies, is hailing the impact of the Independent Advisory Panel established to oversee its...

Judgment figures fall in Northern Ireland

Both the number and total value of small claims and High Court judgments in Northern Ireland have decreased in the first half of 2019 compared to the same...

Jersey judgments fall

The number and total value of debt judgments in Jersey fell in the first half of 2019 compared to the same period 2018, according to figures released today...

A change of just £25 per week has a significant impact on over 7 million people in the UK

New research, undertaken by Opinium, on behalf of UK lender Elevate Credit, reveals that nearly half (45%) of sub-prime borrowers, equating to 7.1 million...

Phillips & Cohen Associates and Invenio Financial signal major European debt buying intent with senior appointment

Invenio Financial (Invenio), the debt purchasing subsidiary of Phillips & Cohen Associates, Ltd (PCA), is delighted to announce the appointment of the...

Leap in judgments against consumers

There were 1,160 judgments registered against consumers in Ireland during the first half of 2019 according to figures released today (July 16 2019) by Registry...

HMRC insolvency cash grab a ‘bad deal’ for UK – R3

Government plans, confirmed in today’s draft Finance Bill, are a “bad deal” for UK businesses and the taxpayer, says insolvency and restructuring trade...

Chief Executive of Collections Trade Body elected to Money Advice Group Board

Peter Wallwork, Chief Executive of the Credit Services Association (CSA), has been appointed to the Board of the Money Advice Liaison Group (MALG). His...

Trade body for debt collection industry wins skills development award at best practice awards

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industry, has been recognised with a Skills Development Award by...

Red card: Time to blow the final whistle on the sub-prime card debt trap

Around four million people have a sub-prime credit card (defined as cards with an interest rate APR of 30-70%). New research published by StepChange Debt...

Brits care more about online payment security than convenience

British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and...

Half of Brits struggling with debt – rising cost of home ownership to blame

Almost half of UK adults are currently in debt and believe the rising cost of independent living is to blame. A survey of 1,000 UK adults published in The UK...

Conveyancing Association launch template letter to secure LPE1 information

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today launched a redrafted Leasehold Template letter for firms to...

Kuflink becomes Southampton FC’s Official Peer to Peer Investment Partner

Kuflink today announced a new commercial partnership with Southampton FC. Narinder Khattoare, Kuflink CEO commented: “As an ambitious fintech, we’re...

Leading Debt Recovery Company’s Global Award!

A world-leading debt recovery agency based in North Wales has gone one better – by winning an even more prestigious financial industry award than last year!...

Equiniti ICS gains approval for Government’s G-Cloud 11 framework

Equiniti ICS, the leading provider of case and document management solutions for the public sector, is delighted to announce that it has been approved as a...

The Money Stats – June 2019 – UK Incomes Struggle As Recent Rises Peter Out

Striking Numbers -5.5%: Change in the average real wage since the pre-crash peak in February 2008 £2,653: Average credit card debt per household in April 2019...

The Right Mortgage identified as one of London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2019 report

The Right Mortgage has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain 2019. The report is a celebration of the...

Money and Pensions Service event calling on banking trades to promote customer wellbeing

In a report released today, the Money and Pensions Service (MaPS) is calling on the retail banking sector to consider that: Improving customers’ financial...

John Phillips on UK Finance stats – a shift away from remortgage to purchase was bound to happen sooner or later

John Phillips, national operations director at Just Mortgages and Spicerhaart said: “These latest figures from UK Finance continue the shift we saw from the...

StepChange responds to FCA consultation on mortgage prisoners

StepChange Debt Charity – including StepChange Financial Solutions, the charity’s mortgage arm – today responded to the Financial Conduct...

Government Breathing Space announcement – R3 response

Duncan Swift, President of insolvency and restructuring trade body R3, responds to today’s announcement that the Government is moving ahead with plans to...

Cabot Credit Management Continues to Enhance its High Standards of Customer Service with a New Professional Training Programme

Cabot Credit Management has enhanced its already high standard of customer service by launching a new professional Institute of Customer Service (ICS) training...

Fleet Mortgages appoint two new BDMs

Fleet Mortgages, the buy-to-let specialist lender, has today announced the appointment of two new business development managers (BDMs). Jacqui Simmons joins...

The FCA Motor Finance Review: what should dealers be doing now?

In their recent report on motor finance, the FCA made clear that they would be consulting with the industry on long term changes to the market – and that...

Phillips & Cohen launches upgrade to Estate-Serve digital solution

Phillips & Cohen Associates, Ltd. (PCA), the international deceased account management specialist, servicing creditors in the US, Australia, New Zealand,...

Enforcement industry responds to Treasury plans for debt breathing space

The trade association representing the civil enforcement industry has responded to the Treasury announcement that a debt breathing space will be introduced in...

Breathing Space scheme “a game-changer” for people struggling with debt

The Money Advice Trust has welcomed the final details of the government’s new statutory Breathing Space scheme, published today by HM Treasury. The...

Government’s 60-day Breathing Space Welcomed by Credit Services Association

Peter Wallwork, Chief Executive of the Credit Services Association (CSA), welcomes the announcement by Government to introduce a 60-day breathing space for...

Government Breathing Space announcement – R3 response

Duncan Swift, President of insolvency and restructuring trade body R3, responds to today’s announcement that the Government is moving ahead with plans to...

Poor exchange rates and high fees cost Britons £640m on holidays in Europe last year

New research by credit experts TotallyMoney reveals Brits lost £640m on their holidays in Europe last year due to high transaction fees and poor exchange...

NGDATA enables marketers to design and deliver data-driven, individualised campaigns in minutes, not weeks

NGDATA today announces a new platform that transforms marketers’ ability to tailor campaigns to individual consumers, enabling them to set up data-rich,...

Hanley Economic BS expands intermediary support team

Hanley Economic Building Society has expanded its dedicated intermediary support team with the addition of Kate McKeon as an Intermediary Sales Assistant. The...

CreditEnable a winner in Inaugural ‘Inclusive Fintech 50’ Competition

CreditEnable, the integrated market place that connects SMEs and Banks, has won a place in the inaugural, 2019 ‘Inclusive Fintech 50’ Competition....

Credit card providers slow cuts to interest-free terms

The latest quarterly Moneyfacts UK Credit Card Trends Treasury Report, which studies the UK personal finance market (Unsecured Personal Loans, Credit Cards and...

Newbury Building Society join Equity Release Club retirement lending panel

Newbury Building Society has today become the latest lender to join the Equity Release Club’s retirement lending panel. Members of the Equity Release Club,...

The Moving Hub and Acquaint CRM announce strategic partnership

The Moving Hub, a leading conveyancing platform and case management system, has announced the formation of a strategic partnership with Acquaint CRM. This move...

Increased focus on vulnerability ‘must lead to action’ from energy industry

The Money Advice Trust has today welcomed Ofgem’s new draft Consumer Vulnerability Strategy, which provides a strong focus for the energy industry on how to...

Cybera Survey Finds Retailers Struggling to Balance Customer Experience Demands with Essential IT Security Needs

A new survey by Cybera, the leader in SD-WAN Edge application and security services, has found that retailers are struggling to balance the challenges of...

Lenders need to keep a close eye on borrowers who have spread themselves too thin

The latest Mortgage Lenders and Administrators Statistics from the Bank of England show that arrears are down but the number of high LTVs are up as is high...

Millennial myth busting: what do they really want from lenders?

Millennials, a generation of digital natives that grew up amid the fastest period of technological change in history are, according to new independent...

Just Mortgages offers brokers exclusive digital and social media solution

Just Mortgages is to offer all its employed and self-employed brokers a complete digital and social media solution to help boost lead generation. The new...

BTL product numbers at their highest since October 2007

Moneyfacts UK Mortgage Trends Treasury Report data, not yet published, shows that the number of buy-to-let (BTL) products available, currently 2,396 products,...

Broker Conveyancing announces significant investment in people with ongoing recruitment drive

Broker Conveyancing, the broker-focused conveyancing distributor, has today announced a significant increase in resource investment in the business with...

FCA bans fixed overdraft fees under new banking reforms

This morning the Financial Conduct Authority (FCA) has made the bold decision to stop banks and building societies from charging customers more when they...

Consumer car finance market falls by 2% in April

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

Consumer finance new business holds steady in April

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in April was at a similar level to the same...

Overdraft changes a welcome ‘step in the right direction’

The Financial Conduct Authority (FCA) has today announced changes to the way banks charge for overdrafts. The new rules include stopping banks from charging...

StepChange response to FCA overdraft rules

Today the Financial Conduct Authority has followed through on its commitment to introduce wide-ranging reform of overdrafts. Around half of StepChange clients...

New face at LendingMetrics

A new Project Manager has joined LendingMetrics, the specialist credit risk and collections platform provider. Katey Watkins, who has a background in telecoms...

Gatehouse Bank added to Paradigm provider panel

Paradigm Mortgage Services, the mortgage services proposition, has today (4th June 2019) added Gatehouse Bank to its provider panel. Gatehouse Bank offers a...

Credit Card Confusion: A Recent Survey Unveils Ten Myths That Could Be Leaving You Out of Pocket

TotallyMoney’s annual Financial Awareness Survey asked a nationally representative sample of 2,000 UK adults a range of questions putting their personal...

It is a good time for people to move up, or down, the ladder – Comment on the Bank of England mortgage lending figures

Following the BoE figures this morning, Richard Pike, Phoebus Software sales and marketing director, says “It appears from the Bank of England figures this...

Equity Release Club add Family Building Society to lender panel

Equity Release Club, the distributor for equity release and later life advisers, has today announced that Family Building Society is the latest lender to be...

Energy firms ‘under the spotlight’ to urgently improve support for vulnerable customers

The Money Advice Trust has welcomed calls from The Commission for Customers in Vulnerable Circumstances, launched last year by Energy UK, for immediate action...

Expanding car finance firm welcomes new senior manager

Specialist Motor Finance has announced the appointment of Jim Cowell to the senior role of business development manager with the company. Jim joins...

EU settlement scheme has only 31,000 Scottish applicants

New figures published today by the Home Office show that only 31,400 EU citizens have applied for settled status in Scotland, out of about 200,000 EU citizens...

Open banking: Threat or opportunity?

Redefining banking in a financial services market where your biggest competitor may be Amazon or Google, not a traditional bank. Open banking may not have made...

Fiduciam closes €5.5 million loan in Spain, taking loan volume in Spain to over €10 million in May

Fiduciam, the institutionally funded and pension-fund owned marketplace lender, has just completed on a €5.5million loan in Spain in just three days. This...

The Money Stats May 2019 – Average UK Credit Card Debt Could Take Over Quarter of a Century To Repay

Striking Numbers 26 years and 9 months: Time to pay off average credit card debt making only the minimum payment each month 19.87%: Average credit card...

Generation Z are more likely to want personal advice according to a report from Target Group

Generation Z is the cohort most likely to seek out personal advice when it comes to buying a financial product, according to a new report by Target Group, the...

Comment on the UK Finance lending update for April

Following the UK Finance lending update this morning, Richard Pike, Phoebus Software sales and marketing director, said “The correlation between the gross...

Effectiveness of banking regulation

As the Danske Bank money laundering investigation sees charges brought, Neil Williams of business crime solicitors Rahman Ravelli argues that the effectiveness...

Amigo: Unaudited financial results for the year ended 31 March 2019

Amigo, the leading company in the UK guarantor loans market, today announces its maiden preliminary results for the year ending 31 March 2019. Key points Amigo...

Prudence in the driving seat as buyers under-borrow

Cautious car buyers are no longer “maxing-out” on their borrowing ability, and are increasingly choosing vehicles priced below the amount of the...

Scrapping section 21 could just exacerbate problems in the BTL sector

Mark Pilling, managing director at Spicerhaart Corporate Sales said: “The government announced last week that it will consult on legislation to abolish...

Revamp targets knowledge gaps

OpenBanking and auto-decisioning technology provider LendingMetrics has unveiled a new-look website to fill what it says are giant OpenBanking knowledge gaps....

Global bank uses ‘smart sourcing’ AI to simplify procurement

Globality, Inc. announced today that it has entered into an agreement with HSBC, one of the world’s leading banking and financial services companies, in...

Cradlepoint survey finds retail industry has priorities misplaced since network uptime is critical to achieving AI and IoT success

A new study from Cradlepoint, the global leader in cloud-delivered LTE and 5G Ready wireless network edge solutions, reveals the retail industry is still...

Foundation Home Loans completes third securitisation

Foundation Home Loans, the intermediary-only, specialist lender has today completed its third securitisation under the Twin Bridges platform. Named Twin...

How National Numeracy Day can help tackle problem debt

According to the National Numeracy Day campaign, around half the UK’s adults have poor numeracy skills. Yet evidence suggests becoming a “numbers person”...

Freedom Finance appoints new Chief Customer Officer to drive digital transformation

Fintech platform Freedom Finance appoints Jake Ranson as Chief Customer Officer (CCO) to further drive its digital transformation. Jake joins from Equifax...

Credit myths continue to cause confusion among UK consumers, finds TotallyMoney 2019 Financial Awareness Survey

In their annual Financial Awareness Survey 2019, credit experts TotallyMoney asked a nationally representative sample of 2,000 UK adults a series of questions...

Paradigm announce 2018-19 lender and provider award winners

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

UTB appointed to Connect for Intermediaries’ panel for first charge, second charge and bridging loans

Specialist lender, United Trust Bank (UTB), has been appointed to Connect for Intermediaries’ panel providing a wide range of first and second charge...

Vulnerability requires ‘constant focus’ from creditors

The Money Advice Trust has today welcomed the Treasury Select Committee’s wide-ranging report into consumers’ access to financial services. Joanna Elson...

How to deal with your debts positively – a five point plan

At the start of Mental Health awareness week (13th – 17th May 2019) Ruth Duncan, one of the UK’s leading female insolvency practitioners, has launched...

The Moving Hub launches revolutionary conveyancing proposition into intermediary sector

The Moving Hub has today launched its revolutionary conveyancing proposition into the mortgage intermediary sector with an exclusive promotion with Knowledge...

StepChange commends Treasury Select Committee for keeping up pressure for debt reforms

StepChange Debt Charity is pleased to see the recommendations published today [13 May] in the Treasury Select Committee’s report of its inquiry into...

Consumer car finance market falls by 1% in March

New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer car finance market fell 1%...

Second charge mortgage market reports volumes up by 31% in March

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

Consumer finance new business falls by 2% in March

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

Almost half of British public save less than £50 a month, shows new research

Just under half (48%) of the UK’s adults claimed they are saving less than £50 a month, according to a recent survey of 2,000 members of the British public....

Beyond the FCA report: rules of engagement

There’s no denying it’s is a very interesting time to be involved in the automotive F&I marketplace. Like it or not, the publication of the FCA’s...

FSE Manchester reveals seminar programme alongside Later Life and Specialist Lending Academies

Front Events, organisers of Financial Services Expo (FSE) Manchester, the premier exhibition for the financial services industry in the North of England, has...

National Credit Regulator urges consumers to collect their cards and identity documents from credit providers

The National Credit Regulator (NCR) urges all consumers whose bank cards, SASSA cards and identity documents which were taken by credit providers to collect...

StepChange Responds to FCA’s discussion paper on Intergenerational Differences

StepChange Debt Charity has today responded to the FCA’s latest discussion paper, which explored how industry and regulators should respond to demographic...

Do banks really need to choose between operations and innovation?

It’s no secret that challenger banks and fintech companies are changing the banking industry as we know it. The main issue for today’s banking leaders is...

Global business in bid to bring business etiquette back to the boardroom

Global business Intelligence specialist Creditsafe has announced that it wants to bring business etiquette back to the boardroom and that starts with a group...

BoE comment: John Phillips, Just Mortgages & Spicerhaart

The latest Bank of England stats show that net lending for mortgages increased 24% from £3.3bn in February to £4.1bn in March, while the annual growth rate...

Comment on FCA sandbox announcement – Moneyhub

The Financial Conduct Authority (FCA) has today announced that 29 businesses have been accepted into cohort 5 of the regulatory sandbox to test innovative...

CA issues response to Law Commission’s consultation on Leasehold Home ownership: Exercising the Right to Manage

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (29th April 2019) announced it has responded to the Law...

90% of UK tech firms intend global expansion

Many UK technology firms are planning forays into overseas markets with the intention of hiring the best international talent, according to research from...

Comment on the report from the House of Lords committee on intergenerational fairness regarding stamp duty reform, from John Phillips at Just Mortgages and Spicerhaart

The House of Lords committee on intergenerational fairness has called for the Government to reform stamp duty, saying that it has “seriously distorted the...

Financial Year Nears End on Subdued Note

As an otherwise highly eventful financial year draws towards a close, the picture for the UK’s price, wage and debt statistics remains largely subdued,...

It’s Time to ‘Gamify’ Dealer Finance

“There needs to be a sweeping change in the role of technology both at the point of sale and online, placing consumers in control of their finance experience...

FLA launches new SAF training options to improve industry skills

The Finance & Leasing Association’s (FLA) Specialist Automotive Finance (SAF) programme has been relaunched in partnership with The London Institute of...

Huntswood reactive comment: FCA 19/20 business plan

Sean Kulan, Consumer Credit Sector Lead, said: “Vulnerable customers are often disproportionately affected by high-cost business models, and continued...

Insurance customers increasingly banking on credit to pay premiums

Insurance customers are increasingly banking on credit to pay premiums with nearly one in three planning to use more credit this year, new research from...

Principality latest Building Society to be added to Paradigm lender panel

Principality Building Society has become the latest lender to join the Paradigm Mortgage Services lender panel. From today Paradigm member firms will be able...

UK holidaymakers stand to waste £50+ of Easter break budget on overseas credit card charges

Research carried out by financial advice website Moneycomms.co.uk and commented on by credit experts TotallyMoney reveals that certain credit cards used abroad...

Senior Managers and Certification Regime: FCA reminds firms about the extension of the regime and encourages early preparation

The Financial Conduct Authority (FCA) is today issuing a reminder to FSMA authorised firms that they need to start preparing today, to be ready for the new...

New free guide launches to help people deal with their debts

The Money Advice Trust has today launched its revamped ‘How to deal with debt’ guide for England and Wales. The guide takes people in debt through the...

Petition claims abuse of power by banks

A petition demanding government action against High Street lenders has been started by the director of UK credit reference agency LendingMetrics. The petition...

Gregory Pennington embeds Open Banking solution to automate annual customer review process

Gregory Pennington, one of the UK’s largest and longest established debt management companies, has integrated an Open Banking solution, provided by...

HSBC joins Connect for Intermediaries’ mainstream residential panel

Connect for Intermediaries has appointed HSBC to its mainstream residential panel for its network. HSBC approved the appointment last week and it goes live...

Ten years of Debt Relief Orders

Today sees the tenth anniversary of the introduction of the Debt Relief Order (DRO) – a type of insolvency that is available to people who don’t own their...

Second charge mortgage market reports new business volumes up by 24% in February

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

Consumer finance new business up by 1% in February

New figures released today by the Finance & Leasing Association (FLA) show growth of 1% in consumer finance new business in February 2019, compared with...

Criteria Activity Tracker – Broker searches shift in March

In the week that the Equity Release Council’s Spring 2019 Market Report announced a seventh consecutive annual increase for the sector, the Knowledge Bank...

Corlytics predicts more PPI pain for UK high street banks

Ahead of the payment protection insurance (PPI) complaints deadline on August 29th 2019, Corlytics, a global leading provider of regulatory risk intelligence,...

SFGB comments on the collapse of WageDay Advance

Caroline Siarkiewicz, director and debt advice expert at the Single Financial Guidance Body, commented: “The news of the WageDay Advance collapse will cause...

Brits nearly twice as likely to change electricity provider than bank account provider

If they’re unhappy with service, Brits are most likely to vote with their feet when it comes to their electricity and gas provider (41% say they would...

Securing the future of the UK High Street

UK High Streets have reached a ‘tipping point’. That was the view of a recently published parliamentary inquiry report on UK high streets. The shift to...

CEO reaction: FCA writing off P2P & IFISAs is an unhelpful, knee-jerk reaction

In reaction to the FCA’s warning against IFISAs and investing in “high-risk” vehicles like P2P and mini-bonds, Angus Dent, CEO of P2P business lending...

Fundraising for direct lending could hit EUR 30bn in 2019, survey finds

Direct lenders are still expecting to raise EUR 20bn to EUR 30bn in 2019 in an already saturated market, according to a survey conducted by Debtwire, the fixed...

Record number of people contacting StepChange Debt Charity in 2018

The new StepChange Debt Charity 2018 Statistics Yearbook published today [3 April] reveals the ever-increasing scale of demand for debt help in the UK. The...

Huntswood reactive comment: FCA regulation of CMCs

This morning, it was announced that from today (1 April), the FCA will begin regulating the claims management industry. All claims management companies (CMCs)...

Stephen Sklaroff to leave the FLA after 12 years as Director General ​

Stephen Sklaroff, the Director General of the Finance & Leasing Association (FLA), has decided to leave the FLA later this year, after some twelve years in...

Brokers expect significant rise in the use of credit to buy insurance

New research reveals the insurance intermediary market expects clients to make greater use of credit this year when it comes to buying their cover. The...

SFGB responds to FCA Mortgage Market Report

Teresa Fritz, Proposition Manager at the Single Financial Guidance Body (SFGB), commented: “The new mortgage adviser directory will be a valuable tool for...

Crystal Specialist Finance completes “most difficult case in company history”

Crystal Specialist Finance (CSF) has completed “the most difficult case in company history”, securing a £1.7m mortgage on a new-start Surrey-based nursing...

Top apprenticeship provider DTL backs Fire It Up campaign

A leading apprenticeship provider to the construction and utilities sectors, Develop Training Ltd (DTL), is backing a new campaign promoting apprenticeships to...

The Money Statistics March 2019

Striking Numbers £2,638: Average credit card debt per household in January 2019 1.9%: Increase in Consumer Prices Index in the year to February 2019 £59,409:...

FLA comments on the FCA’s final report on the review of retained provisions of the CCA

FLA comments on the FCA’s final report on the review of retained provisions of the Consumer Credit Act Commenting on the publication of the FCA’s CCA final...

Brits, Personal Finance & Brexit

Brexit analysis by leading data analytics company SEMrush, out today, reveals a surprisingly low number of the UK public have been considering the potential...

Monevo launches cutting edge personal loan API and technology

MONEVO, Europe’s largest personal loan market place and platform, has launched Credit Staq for the UK market; a cutting-edge tech solution which gives...

Response to the latest ONS retail sales figures

Ryan Kemp, director of retail at TransUnion (formerly Callcredit) comments on the latest ONS Retail Sales Index: “The retail industry showed strong growth in...

FCA Findings the Time for Change is Now

“While the FCA and industry stakeholders will be consulting in the weeks ahead following the regulator’s publication of its report on motor finance, the...

Conveyancing Association supports launch of new Freehold Management Enquiries form

Over 14 cross-industry trade and representative bodies, including the Conveyancing Association (CA) – the leading trade body for the conveyancing industry...

FICO Survey: UK Car Buyers Shifting Toward Online Financing

Car buyers in the UK are finding more of their financing online. That data comes from the second annual survey on auto financing conducted by leading analytic...

Digital banking: brave new world or house of cards?

Financial companies are increasingly turning to advanced technology to bolster their key services. Automated fund management is becoming a daily reality for...

Women in FinTech: Fresh Perspectives

The financial services industry is well known for being fast paced, competitive and male-dominated. In Fintech, women are vastly underrepresented, making up...

Broker Conveyancing announces management changes at end of earn-out period

Broker Conveyancing, the broker-focused conveyancing distributor, has today announced a change in its management team following the end of the earn-out period...

Brits don’t feel in control of their finances..

A SHOCKING number of UK adults don’t know how to manage their finances in a responsible manner, according to new research. A survey of 1,000 UK adults,...

The FCA Report – the ‘Spark’ for Positive Change

MotoNovo Finance CEO Mark Standish has issued a positive assessment of the FCA’s findings, following their review of motor finance, announcing; “While in...

Foundation Home Loans appoint new Regional Sales Manager for South Central UK region

Foundation Home Loans, the intermediary-only, specialist lender has today announced the appointment of Paul Flude as its new Regional Sales Manager for the...

PSD2 and consumer credit: how will open banking impact the market for unsecured loans?

15 months after open banking launched in the UK, consumer understanding of what it means remains low. In January this year, research showed that just 9% of...

Single Financial Guidance Body comments on FCA review of debt management firms

Caroline Siarkiewicz, Debt Advice Expert and Director at the Single Financial Guidance Body commented: “The FCA has identified improvement in the quality of...

The Nottingham delivers good progress and performance against strategy in 2018 financial results

The Nottingham today presented its financial results for 2018, in what was another period of good progress and performance in the development of its...

Funding boost for motor lender providing credit lifelines

Following a year which saw the size of its loan book rise to over £100 million, Specialist Motor Finance says it plans to accelerate its growth over the...

Spring Statement announcement

John Phillips, group operations director at Just Mortgages and Spicerhaart said: “The chancellor has just announced in the Spring Statement a £3bn...

SFGB Comment on Increase to FOS Award Limit

Charlotte Jackson, Head of Pensions Guidance Services at the Single Financial Guidance Body commented: “The increase to the Financial Ombudsman Service (FOS)...

Equiniti Credit Services investigates consumer attitudes to lending in new report

Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced service provider, today announces publication of its latest annual...

Brits don’t know how much money is in their bank..

A SHOCKING number of UK adults don’t know how to manage their finances in a responsible manner, according to new research. A survey of 1,000 UK adults,...

Second charge mortgage market reports volumes up by 18% in January

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

Consumer finance new business stable in January

New figures released today by the Finance & Leasing Association (FLA) show consumer finance new business in January was at a similar level to the same...

StepChange comments on FCA’s letter to firms on credit card fees and charges

StepChange Debt Charity is pleased to see the FCA’s letter to firms on credit card fees and charges, and the regulator’s concern about whether firms are...

FCA’s rent-to-own price cap a ‘welcome move’

The Financial Conduct Authority (FCA) has today confirmed it will introduce a price cap on the rent-to-own market from 1 April 2019. Jane Tully, director of...

StepChange comment on FCA rent-to-own price cap

Today the FCA has confirmed its policy on the introduction of the new rent-to-own price cap rules, following consultation. The new rules take effect in April....

Money Advice Trust comments on FCA’s findings on the motor finance sector

The Financial Conduct Authority has today published its report on the motor finance sector after uncovering concerns about the way in which the sector...

‘No more excuses’ for motor finance sector, says BVRLA

The Financial Conduct Authority (FCA) needs to ramp up its work in the motor finance sector, particularly around unfair commission models. Responding to the...

NDGIT at the forefront of European B2B FinTechs

NDGIT GmbH announced today that it quadrupled its license revenues and added 20 new banks as customers in 2018 thanks to its innovative PSD2 and Open Banking...

Credit card balance transfers at 12 month high – comment

Commenting on the latest credit card stats released yesterday by UK Finance, Alastair Douglas, CEO of credit experts TotallyMoney, said: “Even though credit...

The Right Equity Release joins forces with Marsden Building society to service the later life lending market

Marsden Building Society has joined forces with The Right Equity Release to launch a Lifetime Mortgage Service to complement its later lending products. Rob...

Over half of millennials want to use mobile for admin, with only 35% of businesses catching on

Workers haven’t realised the advantages of mobile, with 91% still preferring to use a desktop or laptop for administrative tasks, as revealed by research...

Mental Health Matters at Atradius

Leading trade credit insurer Atradius recognises that employee wellbeing sits at the very heart of the organisation and has recently taken this ethos a step...

The Money Stats February 2019 – Households Remain Under Financial Stress Despite Some Signs of Improvement

Striking Numbers 24 years: How long it would take to save the average first time buyer deposit at the average UK savings rate out of the average UK income...

1st Stop Group joins London Stock Exchange Group’s ELITE

1st Stop Group has joined London Stock Exchange Group’s international business support and capital raising ecosystem, ELITE.   1st Stop Group offers car...

Chartered Banker Institute becomes one of the first UK organisations to endorse the UN Principles for Responsible Banking

The Chartered Banker Institute is proud to announce that it has become one of the first UK organisations to endorse the UN Principles for Responsible Banking....

Together delivers strong quarterly results with the loan book reaching a new high

Together, one of the UK’s leading specialist secured lenders, has announced continued robust growth in its quarterly results to 31 December 2018, as the...

TransUnion First Time Buyer Advice

George Robbins, director of financial services at leading credit reference agency TransUnion (formerly Callcredit), shares advice for first-time buyers:...

The Nottingham introduces table-topping mortgage products

Hot on the heels of revealing its Retirement Interest-Only mortgage offering, The Nottingham for Intermediaries has introduced a range of rate-busting...

CSA renews partnership to host the Credit & Collections Technology Awards as annual conference moves to Newcastle

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is once again hosting the annual Credit & Collections...

eligible bolsters sales team

Eligible, a technology firm automating customer retention for the mortgage industry, have appointed ex-Partner at John Charcol, Hemel Shah, as Sales Director....

Remortgages and first time buyers still propping up the housing market

John Phillips, operations director at Just Mortgages and Spicerhaart, comments on the latest UK Finance Trends in lending report which reveals that the number...

Experian finds UK households could be overpaying by £2,500 a year on their bills

UK consumers can save more than £2,500 a year by taking control of their finances, new analysis from Experian reveals. Families overpaying on their mortgages...

The Nottingham introduces Retirement Interest Only mortgages

The Nottingham has shown its commitment to helping more people with home ownership and their finances by adding Retirement Interest Only mortgages to its...

Stonebridge Group announce new Head of Recruitment

Stonebridge Group, the mortgage and insurance network, has today (15th February 2019) announced the appointment of a new Head of Recruitment. Hayley Stansfield...

Foster carers secure their own future with an esbs mortgage

A Devon couple who have committed themselves to foster caring for the past 10 years say they are absolutely thrilled to have been accepted for a mortgage with...

Connect adds Lenderlink and Fluent Money to panel to expand second charge proposition

Connect for Intermediaries is enhancing its second charge proposition by adding Lenderlink and Fluent for Advisers to its lending panel. Connect already has...

Progress on debt typically spiky not smooth

Early findings from major new research by StepChange Debt Charity, released as part of the charity’s Debt Awareness Week, show what variations in progress...

Comment – European automotive: a slow-motion car crash

Demand for new cars grew in Europe by just 0.5 percent last year despite benign economic conditions. The recent downturn in manufacturing output in Europe has...

Second charge mortgage market reports volumes up by 13% in December

Commenting on the December 2018 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance...

Consumer car finance market up by 1% in December

New figures released today by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer car finance market grew 1%...

Consumer finance new business up by 4% in December

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew in December 2018 by 4% compared with the...

Buy now or wait? It all depends, says leading mortgage provider mortgages.online

House buyers face a difficult choice on whether to move now or wait following yesterday’s interest rate announcement, according to leading mortgage provider...

Foundation Home Loans promote Hendry to Head of National Accounts

Foundation Home Loans, the intermediary-only, specialist lender has today announced the promotion of Grant Hendry to the role of Head of National Accounts....

AccountScore and The Insolvency Panel announce first ever open banking solution for free-to-client debt advisors

AccountScore, together with The Insolvency Panel, today announced the launch of the first ever Open Banking solution for the debt advice and debt solutions...

Single Financial Guidance Body responds to FOS debt collection complaints

In response to the new figures released by the FOS on debt collection complaints, Caroline Siarkiewicz, Director at the Single Financial Guidance Body and debt...

The Right Mortgage & Protection Network celebrates their 4th Birthday

The Right Mortgage & Protection Network is celebrating their 4th Birthday. The Right Mortgage & Protection Network was set up by Martin and Amanda...

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

Two new area directors have joined Just Mortgages’ self-employed division as part of the company’s wider growth plans. Jon Taylor joined yesterday (Feb 4)...

Conveyancing Association launch updated version of Cyberfraud & Fraud Protocol

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (4th February 2019) revealed a revised fourth version of its...

Financial firms face talent crisis ahead of Brexit

The lack of productivity growth has been the biggest source of weakness in the UK economy in the decade since the financial crisis. According to the Bank of...

L&G Mortgage Club’s SmartrCriteria available to The Right Mortgage & Protection Network members

The Right Mortgage & Protection Network are delighted to announce that their members now have free access to the new online mortgage sourcing service,...

Data security is the key to unlocking Open Banking for consumers

Reservations about data security pose the biggest challenge when it comes to increasing consumer adoption of Open Banking, according to a new white paper from...

FCA HCST credit review

“The FCA’s much anticipated review into high-cost short-term credit has been published, and again demonstrates the regulator’s unwavering commitment to...

Chartered Banker Institute responds to FCA Discussion Paper on Climate Change and Green Finance

Today, the Chartered Banker Institute has published its response to the FCA’s recent Discussion Paper on Climate Change and Green Finance . We support the...

UK consumers threaten to thwart banks’ SCA compliance

Lenders, card issuers and payment service providers that need to comply with new fraud rules under PSD2 next year face a challenge from their own customers. In...

Now is ‘not the time for complacency’ despite slowdown in consumer credit growth

The Bank of England has today published its latest monthly Money and Credit report showing consumer credit growth slowed to 6.6 percent in the year to December...

Over Two Thirds of Brits Think Lenders Have Too Much Power Over Borrowers

68 per cent of British people think lenders have too much power over borrowers. The finding comes from new online polling conducted by YouGov for the think...

Success of new breathing space scheme ‘critically dependent’ on including debts owed to government

The government’s new breathing space scheme must protect people from debts owed to public sector organisations to be effective, according to the Money...

Growing levels of personal insolvencies highlight need to improve public understanding

Following today’s release of the 2018 Insolvency Service statistics, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company,...

StepChange responds on Breathing Space

StepChange Debt Charity today responds to HM Treasury’s consultation on debt “Breathing Space” and a new defined statutory debt repayment plan (SDRP)....

Expert comment: Tesco announces job cuts

Professor Dave Spicer, Dean of the Business School at the University of Salford and expert in the retail sector, comments on 9,000 job cuts announced today by...

Do you have a 5-year plan?

BRITS ARE turning over a new leaf in 2019. Following a shambolic year of broken New Year’s resolutions two thirds of Brits are promising to sort out their...

The Money Stats January 2019

Low Savings and Rising Debt Across UK Points to Need for 2019 Financial Resolutions Striking Numbers £58,948: Average total debt per UK household in November...

NGDATA appoints Doug Gross as CEO to support financial services sector growth

NGDATA, the company that helps brands to transform their customer engagement strategy and improve marketing and sales conversions through real-time data...

Phoebus reaches another milestone as balances serviced increase to £50bn in the second half of 2018

Following a strong 2018 performance, Phoebus Software Limited (PSL) has increased its client’s lending and savings balances serviced on the Phoebus solution...

ieDigital named market challenger for digital banking platforms by Ovum

ieDigital, a global provider of financial services technology, has announced its inclusion in the latest Ovum Decision Matrix: Selecting a Digital Banking...

Homeowners spending more than £13,000 on home improvements

Homeowners are looking to borrow more than £13,000 to fund home improvements in 2019, new analysis from Experian reveals. Shoppers visiting Experian were...

Charities Set To Receive A Boost From Glasgow Finance Firms

Glasgow based debt advice firms, Creditfix and Carrington Dean have pledged their support to Shelter and Glasgow Children’s Hospital Charity, with a raft of...

ONS retail figures reveal strong Christmas online sales may compensate for patchy High Street performance

December’s Office for National Statistics (ONS) retail sales estimates, released today, reveal online sales boomed by 13.9% YOY; and 2.9% over November’s...

findandfundmycar.com achieves key milestones twelve months on from launch

In just 12 months, MotoNovo Finance’s aggregation platform, findandfundmycar.com, has gone from entrant to significant player in the aggregation space....

OECD employment rate increases to 68.4% in the third quarter of 2018

The OECD area employment rate – the share of the working-age population with jobs – increased by 0.1 percentage point in the third quarter of 2018, to...

Populist Revolt: Brexit is blocking a wall of consumer frustration

Our populist rebellion, whereby voters feel that their actual needs are not being addressed, is being drowned by the political mess at present. There is a...

FCA crackdown on “rip-off” overdraft fees – TotallyMoney CEO Alastair Douglas comment

Commenting on the FCA’s proposal for an overdraft overhaul and a ban on fixed-fee overdrafts, CEO of credit experts TotallyMoney, Alastair Douglas, said:...

Smart Speech/voice-Based Technology Market Will Reach $ 15.5 Billion by 2029 Forecasts IDTechEx Research

The recent global market report Voice, Speech, Conversation-Based User Interfaces 2019-2029: Technologies, Players, Markets from IDTechEx Research forecasts...

Open Banking 1st Anniversary today – already driving bank and FinTech innovation

Head of UK Banking at Simon-Kucher, Gianluca Corradi, explains how Open Banking is already benefitting customers and delivering innovation January 14, 2019...

Consumer car finance market falls by 1% in November

New figures released today by the Finance & Leasing Association (FLA) show that the point of sale (POS) consumer car finance market fell by 1% in November,...

Consumer finance new business up by 2% in November

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

Paradigm announce Direct Authorisation transition workshop

Paradigm Mortgage Services, the mortgage services proposition, has announced its first free Direct Authorisation (DA) Transition workshop which will take place...

TransUnion launches Open Banking early adopter programme

TransUnion (formerly Callcredit), the global risk and information solutions provider, has launched an Open Banking early adopter programme after receiving...

‘Maximum borrowing’ most searched term as Knowledge Bank reveals brokers’ final criteria searches of 2018

Knowledge Bank’s Criteria Activity Tracker has revealed the top five, most searched criteria by brokers during December with maximum borrowing high on the...

Linedata promises to transform the lending experience with Loansquare’s digital platform

Linedata (Euronext Paris: LIN) announces the acquisition of French start-up Loansquare, whose portal digitalizes relationships between borrowers and lenders....

John Griffith-Jones to chair StepChange Debt Charity

StepChange Debt Charity is today pleased to announce that John Griffith-Jones will chair the charity from 7 January, following the resignation of Sir Hector...

New Single Financial Guidance Body (SFGB) gets down to work

A new body, the SFGB, is here to help people make the most of their money and pensions. From 1 January 2019, the Single Financial Guidance Body (SFGB) brings...

StepChange comments on latest Bank of England figures

StepChange Debt Charity notes that latest Bank of England data shows that the annual growth rate of consumer credit slowed in November 2018, but credit card...

Christmas hangover as Brits feel the financial pressure

As the hangovers of Christmas excesses hit, over one fifth of Brits (22%) say they feel most financially under pressure in January, according to research from...

iwoca adds Barclays and HSBC to Open Banking connections

iwoca, the UK’s fastest growing small business lender, today announces it has connected to Barclays and HSBC banks under Open Banking. This expands the...

Brits live in the red for this long

A shocking number of UK adults would leave it up to three years or more before seeking professional help if they were in debt, new research has revealed. A...

Shoppers looking for fixed-term deals remains strong in December

Interest in fixed-term mortgages has remained strong in December, new analysis from Experian reveals. Today, the BofE announced it had voted to leave Base Rate...

Trees grow on money

Lending to businesses can be rewarding. Fiduciam, the pension-funded lender, has been provided with a Christmas tree grown by the Irish farmer it lent money to...

Computershare Loan Services launches dedicated buy-to-let lender Zephyr Homeloans

Computershare Loan Services has launched Zephyr Homeloans: a dedicated buy-to-let lender that provides a range of mortgage products for professional portfolio...

The Money Statistics December 2018

Striking Numbers 9.96 million: Number of employees auto-enrolled into pension schemes by November 2018 9.2 million: Number of employees not in any pension...

Brits leave it this long before seeking help for debt

A shocking number of UK adults would leave it up to three years or more before seeking professional help if they were in debt, new research has revealed. A...

Debt Cocktail To blame For Scots’ Lifelong Debt

As a new survey reveals 1 in 5 Scots believe they will never be debt free, Scottish Trust Deed explains why there’s more to Scotland’s debt problem than...

Money Advice Service Comment: FCA Statement on High-cost credit, including overdrafts, and Strategic Review of Retail Banking

Caroline Siarkiewicz, Head of Debt Advice at the Money Advice Service comments: “We welcome the FCA’s proposals to make overdrafts simpler and more...

Consumer finance new business up by 10% in October

New figures released today by the Finance & Leasing Association (FLA) show growth of 10% in consumer finance new business in October, compared with the...

FCA takes important steps to making overdrafts fairer, says StepChange

StepChange Debt Charity is pleased that the Financial Conduct Authority has today announced robust measures to ensure that consumers stuck in overdraft debt...

Overdraft shake-up welcome but price cap ‘should remain on the table’

The Financial Conduct Authority (FCA) has today set out proposals to change the way banks charge for overdrafts, along with other measures in its latest update...

ASOS profit warning: Expert comment

Dr Gordon Fletcher, retail expert from the University of Salford Business School comments on falling profits at online retailer ASOS. Dr Fletcher said:...

Shieldpay agrees partnership with Visa to enable secure use of payment cards on peer-to-peer marketplaces

London based fintech Shieldpay has today agreed a partnership with Visa (NYSE: V) to deliver secure card payments across peer to peer marketplaces and...

AToM to change brand from January 2019

AToM, the specialist mortgage broker and distributor has announced that, from January 2019, it will change its operating brand to ‘impact specialist...

Giles Andrews OBE, co-founder of Zopa, to join Dynamic Credit as Chairman of the Supervisory Board

Giles Andrews OBE, co-founder of Zopa, the world’s first marketplace lender, will join Dynamic Credit as Chairman of their Supervisory Board, subject to...

Content Guru Secures FSQS Accreditation

The FSQS accreditation mark is valued by some of the largest purchasers in the financial sector and indicates that an organisation has gone through the process...

The trend for remortgaging, rather than moving up the ladder, is likely to continue

Richard Pike, Phoebus Software sales and marketing director, says “The number of remortgages in October is indicative of the upward trend we have seen over...

iwoca adds Barclays and HSBC to Open Banking connections

iwoca, the UK’s fastest growing small business lender, today announces it has connected to Barclays and HSBC banks under Open Banking. This expands the...

BoE stats: Mortgage lending on the rise despite Brexit

George Robbins, director of financial services at TransUnion (formerly Callcredit) comments on the latest Mortgage Lenders and Administrators Statistics from...

Arrears up for first time in 2 years – Spicerhaart corporate sales warns it could get worse

Mark Pilling, Spicerhaart Corporate Sales managing director, says: “The latest mortgage lenders and administrators statistics reveal that the value of...

Momentum building for Open Banking in 2019

Jake Ranson, Banking & Financial Institutions Expert and CMO at Equifax UK, believes consumers will begin experiencing the full benefits of Open Banking in...

International Bank of Azerbaijan Chooses FICO TONBELLER Solution to Prevent Financial Crime

The International Bank of Azerbaijan will use FICO TONBELLER software to take an integrated approach to fighting money laundering and terrorist financing, it...

Card benefits: an untapped potential for bank to enhance customer satisfaction?

Bank cards often come with embedded insurance and assistance products and services such as purchase protection, roadside assistance or travel insurance. But...

Almost half of UK parents face pester power in the lead-up to Christmas

As the UK prepares for the festive season, research from the Money Advice Service reveals that 45% of parents1 say their children are more likely to pester...

Target Group Comments: FCA publishes findings on long-term mortgage arrears

Terry Baxter, Director of Risk and Compliance at Target Group, said: “The FCA’s findings on how mortgage lenders treat customers who have long-term arrears...

Revealed: The UK’s Most Generous Spouses at Christmas

When it comes to spending on spouses at Christmas, there aren’t really any hard and fast rules. Some couples don’t exchange gifts at all, while others go...

Do not overdo it this festive season – Spend Wisely!

This year has been quiet a difficult one for some people as we have seen the petrol price hikes, VAT increases, interest rate increases, electricity increases...

AI moves beyond human vision

Breakthrough innovation specialist Cambridge Consultants today announced DeepRay™, a ground-breaking Artificial Intelligence (AI) technology that creates...

Secure Trust Bank added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today (4th December 2018) added specialist residential mortgage lender, Secure Trust Bank,...

Experian boosts credit card market transparency with Real Rates

Credit card customers will know exactly what deal they’re getting with Real Rates from Experian. In a transformative change to the way consumers shop for...

Masthaven choose Dock9 as their digital development partner

Dock9 is delighted to announce that Masthaven has chosen Dock9 as digital development partner, following an initial discovery and prototyping project....

OMS partners with The Mortgage Lender on its specialist lending platform

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has boosted its specialist lending offering with...

Comment on Monzo exploring high-cost lending – “desperate attempt at profit drive” by CEO of Squirrel

Mutaz Qubbaj, CEO of money-saving app Squirrel, commented: “The dust hasn’t even settled on the demise of Wonga and it appears another company is sidling...

On the 12th day of Christmas, Knowledge Bank gave to me…

Criteria search system Knowledge Bank will next week launch the 12 Days of Christmas, a campaign which offers fantastic prizes both to new brokers signing up...

New call for evidence provides ‘welcome opportunity’ for much-needed bailiff reform

The Ministry of Justice published its call for evidence following concerns raised by the advice sector over continued problems with bailiffs and bailiff firms,...

Paradigm announce ‘Reverse Advent’ charity drive for The Trussell Trust

Paradigm Mortgage Services, the mortgage services proposition, has today (26th November 2018) announced the launch of a ‘Reverse Advent’ charity drive in...

The UK alternative finance market grew 35 per cent in 2017 – a new report says

The UK alternative finance market grew 35 per cent to £6.2 billion in 2017, as peer-to-peer business lending became an increasingly important part of small...

FCA double whammy crackdown on rent-to-own price caps is welcome, says StepChange

Commenting on today’s announcement from the Financial Conduct Authority on its proposals to introduce a bespoke price cap in the rent-to-own credit market,...

Finance professional role to become analyst instead of relationship manager

It is not relationship management or service orientation, but the analytical ability of a finance professional that is the most important skill to develop. The...

Rent-to-own price cap welcomed by debt charity

The Financial Conduct Authority (FCA) has today set out a proposed price cap on the rent-to-own market and an update on its work on alternatives to high-cost...

Experian unveils new innovative Open Banking services

Experian has launched a new set of advanced Open Banking services. Affordability Check and Tennant Vetting Service are both innovations which will empower...

The Money Statistics November 2018

Striking Numbers -5.6%: Change in the average real wage since pre-crash peak in February 2008 98%: First-time buyer deposit as percentage of average salary, in...

Hanley Economic BS extends Self-Build and Residential offerings into Scotland

Hanley Economic Building Society has extended its Self-Build and Residential mortgage offerings into Scotland with immediate effect. The Self-Build market will...

CA issues response to MHCLG Implementing Leasehold Reform Consultation

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today issued its response to the Ministry for Housing, Communities...

ONS Retail comment from TransUnion – lending, fraud and spending

Ryan Kemp, director of retail at TransUnion (formerly Callcredit) comments on the ONS Retail Sales Index: “In the three months to October, retail sales...

One in five people would prefer branch-based mortgage advice

People looking for mortgage advice in the local area can now get it face-to-face at their Nottingham Building Society (The Nottingham) branch, thanks to tech...

Only 19% of consumers using free debt advice

Research from Arrow Global’s Debt Britain report shows that despite worrying levels of debt, almost half of consumers (46%) said that they didn’t need any...

New research reveals realities of providing debt advice to some of the UK’s most vulnerable people

New research published today from the University of Bristol, in partnership with the Money Advice Trust and the Money and Mental Health Policy Institute,...

Brexit uncertainty is to blame for falling mortgage numbers

John Phillips, group operations director at Just Mortgages and Spicerhaart, says the latest UK Finance figures show that Brexit uncertainty continues hit...

StepChange research shows 4 out of 5 people feel better just three months after advice

To celebrate Talk Money Week (12-18 November), StepChange Debt Charity can reveal new evidence from clients about how taking debt advice is helping them feel...

Consumer car finance market falls by 7% in September

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

Consumer finance new business falls by 1% in September

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

Asset finance market reports new business stable in September

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in...

Borrowers being let down because the mortgage industry is “not fit for purpose”

The mortgage industry is failing to keep up with modern borrowers’ needs, it has been claimed, after a new survey revealed more than half were rejected for...

Hanley Economic BS launches RIO mortgage range

Hanley Economic Building Society has launched a range of retirement interest-only (RIO) mortgages to support borrowers and intermediaries in their later life...

One in five Brits would never inform a partner of their debt situation

Almost one fifth of Brits (19%) would never inform a partner of their debt situation, according to new research by Equifax, the consumer and business insights...

New report to build evidence base for Government’s dormant accounts financial inclusion initiative

The Big Lottery Fund, the UK’s largest community funder, has today published a new report that will help build the evidence base for the Government’s...

Steve Cox joins Fleet Mortgages as Distribution Director

Fleet Mortgages, the buy-to-let and specialist lender, has today (5th November 2018) announced that Steve Cox has joined the business as its new Distribution...

TransUnion Announces Agreement to Sell Noddle Business to Credit Karma

TransUnion, the global risk and information solutions provider, has announced today an agreement to sell its Noddle business, the UK-based free-for-life credit...

Advisers urged to help landlords with potential fallout HMO licensing changes

Advisers have been urged to help those landlords who may be receiving letters from lenders about their mortgages, following the recent changes to the HMO...

FCA’s mortgage market study final report due Spring 2019

The industry should not expect the FCA’s Mortgages Market Study Final Report and recommendations until Spring 2019 at the earliest. That was the view of a...

Government ‘Breathing Space’ plans – comment

Commenting on the news that the Government has launched a consultation on introducing a “breathing space” for indebted individuals, Stuart Frith, President...

TransUnion responds to the Autumn Budget and what it means to lenders

George Robbins, director of financial services at TransUnion (formerly Callcredit) responds to the Autumn Budget: “While the Autumn Budget revealed...

Bankruptcies expected to continue rising

The number of people being declared bankrupt is expected to increase throughout the rest of 2018 in England and Wales, top 20 UK business services firm Wilkins...

Hometrack: ‘House prices falling across 63% of London local authorities’

House prices in nearly two-thirds (63%) of London local authorities have fallen year-on-year but the proportion of markets registering a decline in values is...

‘Welcome action’ on tackling problem debt

The Money Advice Trust has responded to today’s Budget, which it says includes ‘welcome action’ on tackling problem debt, including new details of the...

Today’s budget shows it’s time to get the raincoats ready

Ian Larkin CEO of Target Group reacts to the UK Budget and economic uncertainty: “The Budget today shows that the Chancellor expects GDP growth to be weak....

Money Advice Trust comments on expected No-Interest Loan Scheme and Breathing Space announcements

The Money Advice Trust, the charity that runs National Debtline and Business Debtline has welcomed signs that today’s Budget is expected to include the...

Used car finance and personal loans: latest Bank of England report gives dealers the opportunity to bridge the gap

Changing appetites towards risk in unsecured lending look set to continue, opening up opportunities for used car dealers to tap into a £58bn market...

Disruptive UK comparison website celebrates 2 million visitors

MONEYGURU.COM, based in Macclesfield, is celebrating 2 million visitors; coinciding with the company’s second birthday in September 2018. Moneyguru.com,...

Users of money management tech have double the national average of savings and overall wealth

Analysis of high level anonymised data from Moneyhub, a financial insights platform for individuals and enterprises, finds users have almost double the...

GLAS focus on growth with new CEO appointment and creation of President’s ambassadorial role

The leading independent global loan administration agent and trustee, GLAS, has announced the appointment of a new CEO, Steven Hodgetts, taking over from...

The Money Statistics October 2018

Striking Numbers 93: Number of times per second LINK cash machines used across the UK in September 2018 £58,776: Average total debt per UK household in August...

Rental payment history should be considered in lending decisions say 80% of consumers

Online research from Equifax, the consumer and business insights expert, reveals Brits want lenders to take factors, such as rental payment history, into...

Property gloom hits England & Wales

The LCPAca Residential index provides a comprehensive dataset, tracking residential property prices and transactions within England & Wales, Greater London...

Studio revenue up by 8%

Findel, the online value retailer and education supplies business, gave the following post-close trading update ahead of its interim results announcement of...

The National Credit Regulator issues a public warning about Charis Financial Services

The National Credit Regulator (NCR) has issued a public warning against Charis Financial Services, an unregistered credit provider, conducting business in...

Connect for Intermediaries launches unsecured lending panel

Connect for Intermediaries has launched a new unsecured lending panel for business loans. CEO Liz Syms announced the news at Connect’s 20th Anniversary...

Personal finance ‘paralysis’ costs UK consumers £18.7 billion per year

Personal finance ‘paralysis’ costs UK consumers £18.7 billion per year, according to new research from Freedom Finance. Freedom Finance, the fintech...

Shieldpay awarded Innovate UK grant to transform real estate transactions

Shieldpay, the secure payments provider, today announces it has been awarded an Innovate UK grant. The funding will be used to scale up Shieldpay’s Third...

Poor budgeting leaves people struggling to pay credit card debt

People over the age of 45 who have failed to make debt repayments are three times more likely than under 25s to have a credit card balance not settled in full...

TransUnion commentary on the FLA figures released on Friday

Commenting on the FLA’s consumer finance new business statistics for August 2018, Asia Anwar, account director – lending, TransUnion (formerly...

Second charge mortgage market reports volumes up by 6% in August

Commenting on the August 2018 new business figures for the second charge mortgage market, Geraldine Kilkelly, Head of Research and Chief Economist at the...

Consumer finance new business up by 10% in August

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in August grew by 10% compared with the same...

StepChange debt statistics mid-year update

New statistics published today [4 October] by StepChange Debt Charity lay bare the alarming scale and changing nature of problem debt in the UK. They show that...

Retirement finance specialist, Age Partnership appoints new board member

The UK’s leading retirement finance specialist Age Partnership has appointed David Wing to its board. David’s new position, risk and compliance director,...

StepChange Debt Charity comments on latest Bank of England consumer lending figures

Responding to the latest Bank of England Money and Credit statistical release showing that the annual growth rate of consumer credit slowed in August, to 8.1%,...

StepChange reveals new strategy to double the number of people helped by 2022

StepChange Debt Charity today publishes a new four-year strategy that sets out an ambition to double the number of people it can help by 2022 and, for the...

Labour’s plan to ban credit card betting stands to save consumers £545 million on fees and interest

Commenting on Labour Deputy Leader Tom Watson’s call for a ban on using credit cards to gamble, Alastair Douglas, CEO of Free Credit Report provider and...

The Money Stats September 2018 – Public Sector Improvements Mask Household Debt Concerns

Striking Numbers £19.97: The fall in Debt growth per adult in June £58,658: Average total debt per UK household in July 2018 £32,220: Average student debt...

Fleet Mortgages celebrates 4th birthday

Fleet Mortgages, the buy-to-let and specialist lender, is today celebrating its 4th birthday having launched on this day in 2014. During that period, the...

Interest Rates: 74% decrease in tracker mortgage interest following August rate rise

There was a sharp fall in the number of consumers shopping for tracker mortgages in August following the rise in interest rates, new analysis from Experian has...

Money Advice Trust appoints Vineeta Manchanda and Rebecca Wilkie as new trustees

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has appointed Vineeta Manchanda and Rebecca Wilkie as members of its...

StepChange comment on Help to Save

Following a successful pilot, StepChange Debt Charity is pleased that the Government has today announced that the new Help to Save scheme is now available...

Together delivers strong full year results with continued record lending levels

Together, one of the UK’s leading specialist secured lenders, has announced strong growth and record levels of lending in its results for the year ended 30...

NAO report on problem debt ‘hits the nail on the head’

The Money Advice Trust, the charity that runs National Debtline, has today welcomed the National Audit Office’s (NAO) report into tackling problem debt. The...

Changing Credit Conditions Can Favour Dealer Finance

Consumer confidence is vital to car buying and the recent rise in the UK Base Rate to 0.75% could dent this confidence, given an estimated 80% of car buyers...

StepChange responds to NAO report on how much debt costs the state

StepChange Debt Charity today responds to a new official report showing that problem debt costs the state almost a quarter of a billion pounds every year, for...

Conveyancing Association member firms make shortlist for second annual ESTAS Conveyancing Awards

The ESTAS Group – which highlights the best firms for customer service involved in the home-moving process – has today (5th September 2018) revealed...

Experian to launch “real rates” in the credit card market to boost transparency

Experian is introducing a “real rates” service to the credit card market so consumers will now know exactly what deal they’ll be getting. In a...

‘Smaller but trickier’ debts causing problems for households as demand for debt advice rises

People are increasingly struggling with ‘smaller but trickier’ debts on everyday household bills, according to new figures from National Debtline, run by...

Building society sets out vision for the future with new identity

Building on its strong year-end results, Earl Shilton Building Society is revolutionising its brand identity to attract a wider audience and express the...

StepChange Debt Charity comments on latest Bank of England consumer lending figures

Responding to the latest Bank of England Money and Credit statistical release showing that the annual growth rate of consumer credit slowed in July, to 8.5%,...

Comment on the UK Finance lending update for July

Richard Pike, sales and marketing director at Phoebus Software, says “July is, of course, a traditionally busy month in the property world, and it is...

Money Advice Trust launches revamped CASHflow tool

The Money Advice Trust has today announced the launch of the updated CASHflow resource, an online tool which enables people to self-manage their debts, with...

Trade bodies line up to debate mortgage market at FSE London

Front Events, organisers of Financial Services Expo (FSE) London, the premier exhibition for the financial services industry in London & the South East,...

Financial Ombudsman Service reminds banks to treat fraud victims fairly

The Financial Ombudsman Service has told banks they should take into account the evolution and sophistication of frauds and scams – and not simply assume...

IHS: “Figures should be taken with a pinch of salt”, Moneyhub

Samantha Seaton, CEO of Moneyhub, commented: “A summer of hot weather has helped to boost spending, but the figures should be taken with a pinch of salt....

All in Property Services recruits Ray Hugill

All in Property Services is pleased to announce the recruitment of Ray Hugill as a consultant to our business effective from August 2018. Ray’s role will...

Tenants set to take their first steps to home ownership

Housing association tenants will be given access to the finance they need to get a foothold on the property ladder following the launch of a new £200million...

Paying by card? You’re less likely to remember the amount paid

Accurately remembering how much money you spend depends on whether you pay by card or cash. Research by the University of Cologne and the...

Experian’s Credit Search Barometer reveals latest trends on consumer spending habits

A third of loan searches carried out through Experian’s comparison services are for debt consolidation loans, new analysis has revealed. These type of loans...

Rise in inflation shows pressure on squeezed households remains

The Office for National Statistics has today published its latest UK consumer price inflation figures. The figures show the Consumer Prices Index was at 2.5...

Consumer car finance new business volumes up by 3% in June

New figures released today by the Finance & Leasing Association (FLA) show that point of sale (POS) consumer new car finance business volumes grew by 1% in...

Virgin Money renews AVM partnership with Hometrack

Virgin Money has renewed its licence with property analytics business Hometrack, securing delivery of Automated Valuation Model (AVM) services for the next...

Debt continues to drop as interests rise

In the same month that the Bank of England base rate has risen to 0.75% – the highest level since 2009, debt growth has fallen to its lowest level in over a...

The Money Statistics August 2018

Striking numbers £19.97: The fall in Debt growth per adult in June 0.75%: The new Bank of England base rate £65m: The fall in Public Sector Net Debt per day...

Financial wellbeing of staff could hamper workplace productivity and lead to absenteeism

Mental health is one of the biggest causes of sickness absence in the UK, according to the Office for National Statistics. And a new white paper for employers,...

Open Banking: innovation to solve customer needs as banks wake from slumber

Two years on from the CMA market review which initiated Open Banking, Jake Ranson, banking and financial institution expert and CMO at Equifax Ltd, anticipates...

TSB added to Paradign lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today (9th August 2018) added TSB to its lender panel, the 14th addition in the last 12...

How Do Today’s Companies Achieve Customer Satisfaction

In today’s customer-centric marketplace, customer satisfaction has become the driving force to success. Satisfied customers eventually become loyal, repeat...

1st Stop Group (1SG) announces an increase in its Citibank funding facility to £150m

1SG has announced that one of its funders, Citibank, has agreed to increase its existing facility, doubling the amount available from £75m to £150m. The...

Paradigm add Masthaven Bank to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today (26th July 2018) added Masthaven Bank to its lender panel. From today, Paradigm member...

Treasury Select Committee report places household finances higher on the agenda

The Treasury Select Committee has today published the report of its inquiry into household finances. Joanna Elson OBE, chief executive of the Money Advice...

Households need to prepare now for the ‘new normal’ of higher interest rates

The Bank of England Monetary Policy Committee has today voted to increase interest rates to 0.75 percent, its highest level since 2009. Jane Tully, director of...

Interest rate rise to adds nearly £400 a year to mortgage bills

Homeowners could see their mortgage bills rise by around £400 a year following the Bank of England’s decision to raise interest rates, new analysis from...

Beverley acts to boost returns to savers

Beverley Building Society is today announcing a 0.25% increase across all of its personal savings accounts to help boost savings returns across the region and...

Interest rate rise heaps further pressure on those living in debt

Following the Bank of England’s decision to raise interest rates, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, explains...

StepChange Debt Charity comment on Bank of England interest rate rise

StepChange Debt Charity urges policymakers to keep a close eye on the impact of higher rates on debt servicing costs, as even small changes can tip financially...

FCA, Assessing Credit Worthiness in Consumer Credit policy statement – Financial Technology firm, Certua responds

Following the release of the FCA, Assessing Credit Worthiness in Consumer Credit policy statement, Tom Williams, CEO of technology firm Certua, responds to the...

National Credit Regulator issues a public warning against fake loan scams

[JOHANNEBURG] The National Credit Regulator (NCR) has warned consumers to be wary of fake credit providers who attempt to entrap consumers in loan scams. These...

FLA comment on FCA’s final rules and guidance on assessing creditworthiness in consumer credit

Commenting on the publication of the Financial Conduct Authority’s (FCA) final rules and guidance on assessing creditworthiness in consumer credit, Fiona...

StepChange Debt Charity comments on latest Bank of England consumer credit data and FCA creditworthiness rules

StepChange Debt Charity comments on latest Bank of England consumer credit data and FCA creditworthiness rules. Peter Tutton, Head of Policy at StepChange Debt...

The Right Mortgage & Protection Network bolsters compliance team with two new appointments

Due to its continued growth, The Right Mortgage and Protection Network are delighted to welcome two new members to its expanding compliance team. The...

Rise in insolvencies reflects challenges facing household budgets

The Insolvency Service has today published insolvency statistics showing that total individual insolvencies were 4.4 percent higher in the second quarter of...

More debt advice capacity needed as IVAs reach record levels– TDX Group comments

Following the release of the Q2 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax...

Gatehouse announced as Sutherland Mortgage Services’ first UK client

Sutherland Mortgage Services has announced Gatehouse Bank as its first UK client. The pioneering Sharia-compliant bank offers savings products and finance for...

ONS report reveals stark divide between richer and poorer households when it comes to making ends meet

​A new report from the Office of National Statistics out today shows that, on average, each UK household last year spent or invested £900 more than they...

Paradigm add Masthaven Bank to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today (26th July 2018) added Masthaven Bank to its lender panel. From today, Paradigm member...

StepChange comment on Treasury Select Committee report on household finances

StepChange Debt Charity is pleased to see the Treasury Select Committee, in its report published today following the inquiry into household finances, show a...

Just one hour of financial education works

The Money Charity’s Money Workshops have a significant positive effect on the financial capability of young people, in terms of confidence and perception of...

Beverley BS rewards businesses – and does its bit for much-loved local charity

Beverley Building Society has today increased the rate on its Business Postal and Business Online Accounts. And as well as rewarding businesses with the new,...

FCA’s decision to retain existing definition of vulnerability is ‘the right approach’

The Financial Conduct Authority (FCA) has today announced it is retaining its existing definition of vulnerable consumers in response to its Consumer Approach...

StepChange Debt Charity reaction to FCA consumer approach

Responding to the publication today of the Financial Conduct Authority’s consumer approach, StepChange Debt Charity is pleased to see that the regulator has...

Consumers left clueless about banking options

Online research from Equifax, the consumer and business insights expert, reveals a lack of awareness of banking options among Brits. When presented with a list...

New report reveals employee mindset on financial, physical, mental wellbeing – and how it impacts employers

Employers are not grasping the depth of concern staff feel about their financial, physical and mental health, according to new research from Neyber into the...

Equifax, first CRA to sign Women in Finance Charter

Equifax, the consumer and business insights expert, has become the first credit reference agency (CRA) to sign the Women in Finance Charter. HM Treasury has...

1 in 5 British adults has had an outstanding credit card balance for at least six months

One-in-five (22%) British adults have had an outstanding credit card balance for at least six months, including the 4% of British adults who have had an...

Intuit’s Direct Bank Feed with Lloyds Bank Now Live

Intuit Ltd, a fully owned subsidiary of Intuit Inc (Nasdaq: INTU), and Lloyds Bank (LSE: LLOY), announced today that its direct bank feed is now live. Now,...

Open Banking after first 6 months: “it promises to be biggest improvement for customers since the introduction of the cashpoint“

Thursday 13 July marks six-months since Open Banking was introduced, with the government aiming to dramatically increase competition and ensure a much better...

Equifax partners with consents.online to develop Open Banking solutions

Equifax, the consumer and business insights expert, has formed a strategic alliance with consents.online, a digital consent management and AISP accredited Open...

Consumer finance new business up by 11% in May

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

Fleet Mortgages announce revamp of entire product range

Fleet Mortgages, the buy-to-let and specialist lender, has today (4th July 2018) announced a revamp of its entire product range with new options across its...

Brits cite money saving product recommendations as the biggest incentive to use Open Banking

Six months into Open Banking, online research from Equifax, the consumer and business insights expert, reveals that two fifths (40%) of Brits willing to share...

Hampden & Co added to Paradigm lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today (2nd July 2018) added private bank, Hampden & Co, to its lender panel. From today,...

StepChange Debt Charity comment on latest Bank of England lending statistics

Today’s data from the Bank of England shows that consumer credit growth rates continued to slow in May, but remains rapid relative to 2009-12. Although net...

Shanghai bank approves 9 million credit card applications with FICO

Shanghai Pudong Development Bank (SPDB) Credit Card Center, a credit card lending pioneer in China, has increased its customer base using originations powered...

Money Advice Trust helps more people in 2017 as demand continues to increase

The Money Advice Trust has today published its latest impact report which outlines the impact of its advice services, training and influencing work in 2017....

StepChange Debt Charity comment on FCA retail banking review – overdrafts

StepChange Debt Charity notes that the Financial Conduct Authority today reports that bank overdrafts are significant drivers of profitability on bank personal...

Increase in credit card spending could indicate upcoming rent and mortgage affordability issues

Today’s UK Finance figures show credit card spending has risen considerably in May. This could be an indicator of affordability issues, which could have a...

Oblix Capital joins the ASTL

Oblix Capital, a specialist short term lender, has joined The Association of Short Term Lenders (ASTL) as a new associate member. Membership of the ASTL now...

Experian secures FCA accreditation to supply Open Banking and PSD2 services

The UK’s largest credit reference agency, Experian, can now offer Open Banking and PSD2 (Payment Services Directive 2) services to enable the exchange of...

Creditfix Ranks Among Top 20 Companies To Work For In Scotland

The UK’s biggest personal insolvency practice Creditfix has taken 15th spot in a major employee poll to uncover the best companies to work for. Headquartered...

Why should being vulnerable have to mean being worse off?

In 2017, one in five clients of StepChange Debt Charity had an additional vulnerability (such as illness), on top of their problem debt. New analysis from the...

Bank of England’s warning on 0% credit card deals signals growing concern

Following the Bank of England’s recent letter warning about the growing risks attached to the provision of 0% credit card balance transfer offers, Daoud...

Stonebridge Group records record month for mortgage apps

Stonebridge Group, the mortgage and insurance network, has today (14th June 2018) announced its best ever month for mortgage applications with its advisers...

Nationwide Building Society: The Most Compelling UK Banking Brand

Nationwide Building Society’s reputation rating of 7.3 out of 10 is dovetailed by extremely high recommendation among customers (8.1), making it the UK’s...

Spending on international travel increases but accommodation hits a slump, new research finds

UK consumers look set to spend more on international travel this year than in 2017, the latest findings from Ferratum’s Summer Barometer have found....

Do children know the value of money?

In support of the tenth annual My Money Week (11-17 June 2018) Equifax has partnered with Young Enterprise in order to equip young people to grow-up with the...

NCR and SAPS Raid the Eastern Cape

On Friday, 01 June 2018, the National Credit Regulator (NCR) joined forces with the South African Police Service (SAPS) in an operation aimed at curbing...

Who will be checking just how thorough and impartial Richard Lloyd’s review of FOS will be?

Alarm bells are starting to sound as fears rise over the impartiality of the Financial Ombudsman’s review chief and his ‘perceived closeness’ to the...

Rent in East of England up 27.1% since 2011 compared to 8.8% pay rises

High rents are here to stay so as a direct consequence employers must be prepared to pay much higher wages to staff to enable them to afford these much higher...

CICM welcomes FCA’s focus on unarranged overdrafts in new credit review

The Chartered Institute of Credit Management has welcomed the planned review by the Financial Conduct Authority (FCA) into high cost credit and particularly...

StepChange Debt Charity responds to FCA high cost credit proposals

The FCA today published the outcomes of a review into high cost credit, including overdrafts, doorstep loans, catalogue credit and rent-to-own borrowing. The...

MAS response to the FCA high cost credit review

Responding to the FCA’s review into high cost credit, Money Advice Service Chief Executive, Charles Counsell, said today: “We welcome the FCA’s...

FCA measures on high-cost credit welcome – but further action ‘must remain on the table’

The Financial Conduct Authority (FCA) has today published its high-cost credit review. The review outlines proposals designed to protect people who use...

What will be the consequences of FCA proposals?

The net result of the proposals in the Financial Conduct Authority’s High Cost Credit Review published on 31st May is that fewer people, particularly those...

Paradigm add Melton Building Society to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today (30th May 2018) added The Melton Building Society, and its subsidiary, MBS Lending, to...

Raiffeisen Bank increases digital lending capabilities with FICO platform

Raiffeisen Bank will use new customer onboarding technology from analytic software firm FICO to increase its digital lending capabilities in Romania. FICO...

First crowdfunding project to address housing crisis in UK

Abundance, Britain’s leading peer-to-peer ethical investment platform, today launches a new move into the social and affordable housing sector, building on...

Behind on the basics – three million people in arrears on essential bills in 2017

Analysis by StepChange Debt Charity reveals that two in five clients who received advice in 2017 were behind on at least one of their essential household bills...

FCA robo-advice review comment

Following the FCA’s statement on robo-advice, which required many providers to make ‘significant changes’, Robbie Constance, Head of Financial Services...

Payments community calls on Open Banking to do more to enable access for FinTechs

The Emerging Payments Association (EPA) has written to the Open Banking Implementation Entity (OBIE) calling for the OBIE to amend the terms of the CMA’s...

Landlords grow their buy-to-let portfolio through a seven-day second charge loan

The directors of an investment company, who own nearly 250 properties, are set to grow their portfolio after Together delivered funding secured against part of...

Lender representatives at FSE Manchester question FCA is ‘back tracking on MMR’

Following on from its Mortgages Market Study Interim Report, published earlier this month, a number of lender representatives have questioned whether the...

GMB welcome news of rising wages in London but says there is still a long way to go

News that wages have risen is welcome but there is still a very long way to go to make up the ground lost due to the recession in 2008 and inflation since...

Fast-growing Yorkshire entrepreneur scoops industry award

A Sowerby-Bridge based finance management specialist has won a prestigious regional industry award. Martin Mellor, founder and managing director of Mellor...

Secure Trust Bank partners with Connect for Intermediaries network and packager

Residential lender Secure Trust Bank has joined the panel, not only of Connect for Intermediaries mortgage network but also its packaging arm. Brokers from the...

Business Disability Forum offers 10-point strategy to reducing work-place stress

With 12.5 million work days lost each year as a result of stress, depression and anxiety, the global membership organisation Business Disability Forum is using...

Troubling signs for London’s housing as new build ‘starts’ & sales growth fall

LCP’s latest LCPAca Residential Index reports annual new build sales* falling 13.8% in Prime Central London with quarterly transactions plummeting to 88....

The Right DA Club Launch Compliance Packages

The Right DA Club, the directly authorised arm of The Right Mortgage Ltd, has officially launched its compliance packages for directly authorised firms. The...

Consumer finance new business holds steady in March

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business in March was at a similar level to that...

Stable interest rate provides respite for people living in debt

Following the Bank of England’s (BoE) decision not to raise interest rates today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax...

Glasgow’s CarMoney expands its financing activity into car leasing

CarMoney, the fast-growing Glasgow-based motor finance business which was launched in 2016, is set to expand its financing activity into car leasing as a...

Consumers need satisfactions says trust chairman

The number of debt judgments registered in Jersey rose slightly during the first quarter of 2018, according to figures released today by Registry Trust....

Just Mortgages expands following most successful year ever

Just Mortgages is taking on two new Financial Service Directors (FSDs) following its most successful year to date. These are just two of a raft of appointments...

Paradigm Protect launch new Protection Helpdesk for members

Paradigm Protect, the directly authorised protection proposition, has today launched a new helpdesk specifically focused on answering member queries relating...

MotoNovo – Bank Owned Independent Finance Provider of the Year

At the 4thannual Motor Finance Conference held in Berlin on April 26th, MotoNovo Finance was recognised as leading bank owned independent finance provider in...

Consumers owed up to £18bn as PPI claims undervalued

Banks may be forced to pay a further £18bn to consumers in payment protection insurance (PPI) claims ahead of the August 2019 deadline, following...

StepChange Debt Charity comment on latest Bank lending data

Today’s data from the Bank of England shows a monthly slowdown in the rate of growth in consumer credit lending – but in the first quarter of this year,...

Consumer credit remains ‘worryingly’ high despite slight ease in rate of growth

The Bank of England has today published its latest monthly Money and Credit report showing consumer credit growth was 8.6 percent in the year to March 2018,...

BoE gross mortgage lending figures out today

John Phillips, group operations director at Just Mortgages and Spicerhaart, says, “Overall mortgage approvals were broadly unchanged for March, but within...

Santander renews AVM partnership with Hometrack

Santander has confirmed a three year extension to its valuation and risk services partnership with Hometrack, covering collateral risk management solutions...