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Thursday, 29 March 2018 |
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The Bank of England has today published its latest monthly Money and Credit report showing a slight jump in growth in consumer credit of 9.4 percent in the year to February 2018, up from 9.3 percent in January. Outstanding balances for consumer credit now stand at over £209.4 billion. |
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Thursday, 29 March 2018 |
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Commenting on today’s Bank of England data Peter Tutton, head of policy at StepChange Debt Charity, said: “Consumer credit lending growth continues apace, and once again credit card lending growth leads the pack. With the prospect of higher interest rates ahead, now is surely the right time for policymakers to look hard at what else they can do to head off a predictable increase in problem debt before it happens. Too many people are carrying the burden of persistent credit card and overdraft debt. We estimate 1.4 million households used high cost credit last year for basic living expenses. This creates a debt spiral and further public policy intervention is needed if we are to solve it.” |
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Thursday, 29 March 2018 |
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Specialist mortgage marketplace lender Landbay today announces it is opening its latest equity funding round to new investors through the Seedrs platform. |
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Thursday, 29 March 2018 |
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Specialist lender Together has been named ‘Best Buy-to-Let Mortgage Provider’ at the Property Wire Awards – for the second year in a row. |
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Wednesday, 28 March 2018 |
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StepChange Debt Charity estimates that 1.4 million lower income households resorted to high cost credit to meet day to day living costs last year – up from 1.1 million households in 2016. The charity’s new research now identifies three distinct groups of those living on lower incomes in the UK, and how alternatives could be developed to reduce the reliance of each on high cost credit. |
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Wednesday, 28 March 2018 |
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Fleet Mortgages, the buy-to-let and specialist lender, has today announced the internal appointments of two new Business Development Managers (BDMs) covering Central London and the South. |
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Tuesday, 27 March 2018 |
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2017 was Just Mortgages most successful year to date, thanks to a 62% rise in profits and 40% increase in mortgage volumes. |
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Monday, 26 March 2018 |
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Specialist lender Together has expanded its professional sector team by appointing Mel Fourie as its new regional development director. |
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Friday, 23 March 2018 |
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The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (22nd March 2018) announced two new Affiliate members, reallymoving and Redbrick Solutions, have joined with immediate effect after member review at the CA Management Committee Meeting in February. |
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Wednesday, 21 March 2018 |
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New figures released today by the Finance & Leasing Association (FLA) show growth of 12% in consumer finance new business in January, compared with the same month last year. |
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Wednesday, 21 March 2018 |
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The Office for National Statistics has today published its latest UK consumer price inflation figures showing the Consumer Prices Index was at 2.7% in February 2018, down from 3% in January 2018, its lowest level since July 2017. |
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