Entries by Stephen Kiely

Aldermore provides block bridging facility to Manchester-based specialist lender

Aldermore bank has provided a multi-million pound block bridging facility to SDKA Ltd, which will provide the funding they need to continue to accelerate their growth plans. Established in 2016, SDKA is a principle, specialist lender offering short-term bridge finance secured against residential, mixed-use and commercial properties in England and Wales. SDKA is based in […]

West One Bridging business performance up by a third on last year

West One Loans, one of the UK’s largest non-bank lenders, has published its short-term lending results for the first half of 2021 – revealing an exceptionally strong performance from its bridging product and industry-leading turnaround times. The specialist bridging lender, which has remained open for business throughout the COVID crisis, said a total of £2.3bn […]

PayPlan supports calls for bailiff reform and enforcement review

Free debt advice provider, PayPlan, has welcomed calls for bailiff reform as part of new proposals to raise standards across the enforcement industry. PayPlan supports proposals for a new Enforcement Conduct Authority (ECA). This recommendation is outlined within a new report produced by the Centre of Social Justice – with input from the debt advice […]

Build To Rent Investment Breaks All Time Record In Q1 2021

Build to rent investment in the UK hit an all-time high in the first quarter of 2021 and analysis of the data by sector specialists, Ascend Properties, shows that this level of investment now sits 335% higher than it did back in 2012 – undeniable proof that build to rent is truly seen as the […]

Fleet Mortgages announce acquisition by Starling Bank

Fleet Mortgages, the buy-to-let specialist lender, has today announced the acquisition of the business by Starling Bank in a £50 million cash and share deal. This is the first acquisition by the bank and means Starling will become the sole funder of future originations for Fleet Mortgages, allowing Fleet to build on its already successful […]

NewDay launches Bip the UK’s first digital only credit card

NewDay, a leading UK provider of accessible credit, has launched Bip – the first completely cardless consumer credit proposition in the UK. Bip has been designed around the customer, offering a fully digital credit experience that is simple to use, fully transparent on costs and with the customer in complete control. With no physical card, […]

Bailiffs and charities join forces to fight post-pandemic ‘tidal wave’ of debt

Bold plans to strengthen protections for households facing a post-pandemic tidal wave of debt have been brokered by a leading think-tank. In a ground-breaking move, organisations representing enforcement firms and charities devoted to helping hard-up families have worked together to ensure people caught in a Covid debt crisis do not face unfair treatment at the […]

Markedly Lower Year-On-Year Increase in Credit Card Spend Suggests Consumers Are Adjusting to ‘New Normal’

Global analytics software provider FICO today released its analysis of UK card trends for May 2021, which suggests that some consumers are practicing pragmatic financial management, as well as continuing to make use of savings accrued during the pandemic. There are, however, warning signs of the financial pressure growing for those already in debt. Whilst […]