
Fleet Mortgages cuts rates on all two- and five-year fixes
Fleet Mortgages, the buy-to-let specialist lender, has today announced reduced product rates across its entire range of two-year and five-year fixed-rate...

March 22nd, 2023

Experian announces Access Group partnership boosting employment and income coverage to 77%
Experian has today announced a new partnership with The Access Group that will allow even more UK employees to digitally share their payroll information to get...

March 20th, 2023

NatWest signs deal with OneID to make new digital ID service available to businesses
NatWest Group is making its new Customer Attribute Sharing service available to businesses as an embedded digital ID solution after signing a deal with...

March 20th, 2023

Second-charge mortgage Tracker shows homeowners looking for ways to pay off costlier debts, says Evolution Money
Evolution Money, the second-charge lending specialist, has today revealed the latest results from its quarterly data tracker, which reviews borrower types,...

March 20th, 2023

LPE1 enquiries to benefit from standardised answers following update to Property Data Trust Framework
The Property Data Trust Framework, a set of open and free-to-use data standards developed collaboratively across the property industry by the Home Buying and...

March 20th, 2023

Food supply chain late or failed payment claims up 79% as the sector faces ‘quadruple threat’
One of the UK’s largest trade credit insurers, Atradius, has reported a 79% increase in claims for late and failed payments in the food sector amid national...

March 17th, 2023

Foundation Home Loans launches new Limited Edition BTL products
Foundation Home Loans, the intermediary-only specialist lender, has today announced the launch of two new Limited Edition buy-to-let products in its F1 tier...

March 17th, 2023

Hodge adds Interest Only to its Professional Mortgage
Hodge has added interest only to its Professional Mortgage. It offers those with complex incomes, professional traineeships or in self-employment, such as...

March 17th, 2023

Gen H added to Paradigm lender panel
Paradigm, the mortgage, protection and compliance services proposition, has today added fintech lender, Gen H, to its lender panel. From today, Paradigm member...

March 17th, 2023

Spring Budget: Boost to supply side of economy with further tightening for BoE to consider
‘In theory, today’s Budget argues for a bit more tightening by the Bank of England (BoE) at next week’s meeting. Further support for businesses...

March 16th, 2023

Spring budget provides no news on tackling high-borrowing costs impacting businesses and consumers
“The Chancellor’s ‘Back-to-Work’ budget looks to return the nation to business as usual after the upheaval of the Autumn budget last year, though many...

March 16th, 2023

UK small businesses set to be excluded from anti-fraud legislation – comments from leading civil fraud lawyer
Further to the news that that Ministers are planning to exclude UK small businesses from upcoming anti-fraud legislation. Kate Gee, Counsel at Signature...

March 14th, 2023

Moneyhub data reveals how the cost-of-living crisis is influencing consumer spending
Moneyhub, a market leading Open Finance, Open Data, and payments platform, has released new data which reveals how Britons’ spending habits are changing...

March 14th, 2023

Unemployment rate unchanged at 3.7%
The latest figures released by the ONS this morning show that the UK’s unemployment rate has remained unchanged despite the tough economic landscape,...

March 14th, 2023

89% surge in home seller activity as negative impact of September’s mini budget is reversed
Research from estate and lettings agent, Barrows and Forrester, has revealed that home sellers have been returning the market in force so far in 2023, with the...

March 14th, 2023

Almost half of landlords remain positive on business prospects and economy
Despite the challenges facing the sector, almost half of landlords (46%) remain positive about the future prospects of their buy-to-let business and...

March 13th, 2023

Economic uncertainty keeps four in five small business owners awake at night
Small business concerns over economic uncertainty have sky-rocketed over the last 12 months by almost 50%, according to new research from Novuna Business...

March 10th, 2023

January sales boost consumer credit at start of 2023
The FLA today released its January update on the consumer credit market which showed modest growth overall but a strong start to the year for the retail and...

March 10th, 2023

Second charge mortgage new business volumes grew by 8% in January 2023
Commenting on the latest new business figures for the second charge mortgage market, Geraldine Kilkelly, Director of Research and Chief Economist at the...

March 9th, 2023

Experian testing pilot service that could help new arrivals to the UK build a credit file in just three months
Experian today announced plans to pilot a new service that could help millions of financially excluded people get better access to mainstream financial...

March 9th, 2023

Foundation Home Loans cuts owner-occupier special rates and reintroduces 80% LTV products
Foundation Home Loans, the intermediary-only specialist lender, has today announced further price reductions across its owner-occupier special products and the...

March 9th, 2023

Yapily and Zilch Strike Groundbreaking Partnership to Bring Affordable Credit Solutions to Millions
Open banking platform Yapily and payments technology company Zilch have agreed a groundbreaking partnership that will provide millions of people with better...

March 9th, 2023

Creditinfo partners with VisionFund International to provide analytics and automation solutions
Creditinfo Group, the leading global service provider for credit information and risk management solutions, today announces a multi-market partnership with...

March 7th, 2023

MorganAsh brings new upgrades to MARS vulnerability tool ready for Consumer Duty
With just a few months to go until Consumer Duty comes into force, MorganAsh has announced a raft of new upgrades to its vulnerability tool for advisers. The...

March 7th, 2023

Hodge cuts rates across its mortgage range for the third time in three months
Hodge has made a third rate drop across its range of mortgage products since the start of 2023. Rates on its RIO, 50+ and holiday let mortgages have dropped by...

March 6th, 2023

Ramp Growth secures £4m in seed funding to transform company forecasting
Ramp Growth, the forecasting analytics startup, has closed a £4m seed round led by Albion Capital and Eurazeo. Ramp Growth solves the issue of poor revenue...

March 3rd, 2023

Blair and Hague blasted for dangerous digital ID proposal
Digital identity specialists, ID Crypt Global, have labelled plans to provide the nation with a single universal identity as extremely dangerous, as they...

March 3rd, 2023

Eyes down – Remember to Take Five! Fraud risk to over-65s is revealed as Scam Bingo game launches
Research conducted for UK Finance’s Take Five to Stop Fraud campaign shows that 87 per cent of over-65s say they are confident about spotting the signs of...

March 2nd, 2023

First-time buyers left high and dry by Help to Buy as cost of missing final deadline revealed
Research by the Gradual Homeownership provider, Wayhome, has revealed that first-time buyers in danger of missing the final Help to Buy completion deadline of...

March 1st, 2023

Mansfield Building Society selects Protecht.ERM for an actionable view of risk and resilience
Protecht, a leader in risk and resilience software, today announced that Mansfield Building Society has selected its ERM Marketplace solution to digitalise and...

March 1st, 2023

Comentis launches vulnerability assessment for consumer finance industry
Clinical reg tech provider, Comentis, today announces the launch of its new customer vulnerability assessment for lenders and brokers working in consumer...

March 1st, 2023

Hanley Economic BS launches fixed rate trio
Hanley Economic Building Society has launched a trio of fixed rate products up to 95% LTV. The first product is a two-year fee-free fixed rate mortgage...

March 1st, 2023

Over half of Brits have been targeted by fraud
With millions of Brits being affected by the current energy crisis and rising food costs, fraud is increasing across the UK. In fact, Citizens Advice reported...

March 1st, 2023

Hodge sees a near 16% YOY jump in number of people using 50+ mortgage for debt consolidation
New data from specialist lender Hodge shows a significant increase in the number of its 50+ customers taking out a mortgage for debt consolidation in January...

February 28th, 2023

Just Mortgages partners with BNI to offer brokers new business networking opportunities
Leading national broker firm Just Mortgages has entered into a strategic partnership with BNI, one of the world’s most established business networking groups...

February 28th, 2023

Allianz Trade to acquire remaining stake in Cosec from Banco BPI and renew a distribution agreement
Allianz Trade, the world leader in trade credit insurance, is to acquire a 50% stake in Cosec, the Portuguese leader in trade credit insurance, from Banco BPI,...

February 27th, 2023

Zephyr Homeloans announces reductions across its five-year fixed-rate mortgage product range
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced reductions of 30 basis points (bps) across its five-year fixed-rate mortgage...

February 27th, 2023

New Research Finds Legal Filings Drained American Businesses of Over $54 Billion in 2022
Allentown, PA – 2022 was a rough year for American businesses, plagued by inflation uncertainty, supply chain disruptions, higher operating costs and labor...

February 24th, 2023

TransUnion Launches New Open Banking for Gaming Solution
Global information and insights provider, TransUnion, is leading the way in the gaming sector by unveiling its new Open Banking for Gaming solution. With a...

February 23rd, 2023

Creditinfo hires Jakub Žalio as Director of Global Technology and Solutions
Creditinfo Group, a global service provider for credit information and risk management solutions, today announces the appointment of Jakub Žalio as its new...

February 23rd, 2023

How understanding vulnerability data could help resolve Life cover challenges
A recent report by Swiss Re “Life Cover Payouts – under the microscope” revealed some challenges for new and existing life policies. An increased...

February 23rd, 2023

Pandemic property party over for first-time buyers as numbers slide -10.6% in a year
Research by the Gradual Homeownership provider, Wayhome, has revealed that while the pandemic market boom saw a record increase in the number of first-time...

February 22nd, 2023

Pandemic property party over for first-time buyers as numbers slide -10.6% in a year
Research by the Gradual Homeownership provider, Wayhome, has revealed that while the pandemic market boom saw a record increase in the number of first-time...

February 22nd, 2023

67% of UK property professionals support DITF introduction to the sales sector
A survey of UK property professionals, commissioned by leading identity verification provider Credas Technologies, has revealed that 69% support government...

February 22nd, 2023

Fleet Mortgages bring two-year fixes back to market and add new range of five-year fixes
Fleet Mortgages, the buy-to-let specialist lender, has today brought back its range of two-year fixed-rate products for landlord borrowers, as well as...

February 22nd, 2023

OECD GDP growth still weak at 0.3% in the fourth quarter of 2022
Gross domestic product (GDP) in the OECD rose by 0.3% quarter-on-quarter in the fourth quarter of 2022, down from 0.4% growth in the previous quarter,...

February 21st, 2023

Housing transactions – comment
Following the announcement from HMRC today that the seasonally adjusted estimate of the number of UK residential transactions in December 2022 is 101,920, 1%...

February 21st, 2023

FLA Members provided £148 billion of new business in 2022
New figures released today by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance...

February 21st, 2023

FICO UK Credit Card Market Report: December 2022
Clear evidence of the impact of inflation on household spending is revealed in FICO’s latest report of UK card trends, for December 2022. While retail sales...

February 21st, 2023

Agenda-setting campaign exposes AML loopholes
SmartSearch, the UK’s leading provider of digital compliance, has published an agenda-setting whitepaper to highlight the anti-money laundering shortcomings...

February 21st, 2023

LiveMore launches its first 2-year fixed rate mortgage
LiveMore has expanded its product range to include a 2-year fixed rate mortgage available on its Retirement Interest Only Mortgage as well as its Fixed Term...

February 21st, 2023

Lowest February house price rise on record: Rightmove
Average asking prices were up just £14 between January and February – to £362,452 Over the year, asking prices are up 3.9% – down from 6.3% a...

February 20th, 2023

Second charge mortgage new business volumes fell by 3% in December 2022
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

February 17th, 2023

Foundation Home Loans cuts buy-to-let and owner occupier rates and introduces new discount products
Foundation Home Loans, the intermediary-only specialist lender, has today announced further price reductions across its owner-occupier and buy-to-let product...

February 17th, 2023

Real wage growth at -4.2% across the UK
The latest research by tax specialists, RIFT Tax Refunds, has revealed that real wage growth currently sits at 4.2% across the UK, with just four other G10...

February 17th, 2023

EY comments on ONS retail sales for Jan
“Although retail sales volumes marginally increased by 0.5% month-on-month in January, largely due to promotional activity, when looking at the bigger...

February 17th, 2023

One in three small businesses will struggle after March, when the energy price cap ends
New analysis reveals that a third of small businesses may not have enough cash to cover their costs when the government’s energy price cap ends on March...

February 16th, 2023

Majority of landlords plan to increase rent when remortgaging
Almost seven in ten (68%) landlords plan to raise rents if their mortgage rate goes up when they come to remortgage, new data from the Landbay quarterly survey...

February 16th, 2023

Hodge reduces rates on its Professional Mortgage again
Hodge has today reduced rates across its 2-year fixed Professional Mortgage products. The specialist lender first launched its Professional Mortgage product in...

February 16th, 2023

Building society borrowing back in vogue as gross lending climbs 39% since the pandemic
The latest market analysis by specialist property lending experts, Octane Capital, has revealed that building societies seem to be back in vogue amongst UK...

February 15th, 2023

Property investors drive bridging loan activity, but chain-breaks remain a significant factor behind borrowing
The latest market analysis by bridging finance specialists, Apex Bridging, has shown that the total sums lent via bridging loans dipped by -22.5% during the...

February 15th, 2023

Hope Capital roll out two new products
Specialist short-term lender, Hope Capital has officially launched two brand-new products, Bridge 2 Let and Term 2 Rent. The Bridge 2 Let product targets...

February 13th, 2023

ONS GDP economist reaction
Following the ONS GDP figures, published today, Tommaso Aquilante, Associate Director of Economic Research at Dun and Bradstreet said: “Growing by 4%, the UK...

February 10th, 2023

UK Economy avoids a recession in 2022 by the thinnest of margins
GDP falls 0.5% in December. This follows GDP growth of 0.1% in November. Q4 GDP was flat, UK avoids recession for 2022. Cold weather and the postponement of...

February 10th, 2023

Credit card rates dip; personal loans keep rising
Total credit card borrowing dropped in December as consumers repaid £0.5 billion of net credit card debt and this perhaps drove a more competitive pricing...

February 10th, 2023

Tandem Bank joins Knowledge Bank
Tandem Bank today became the latest lender to announce it is live on the Knowledge Bank system, making its criteria available on the UK’s biggest criteria...

February 10th, 2023

A third of households to demonstrate financial resilience in 2023
Some 10 million households will demonstrate financial resilience this year, with spending power concentrated in London, the South-East and city locations...

February 8th, 2023

Landlords showing “resilience” as majority do not intend to sell any properties
Seven out of 10 buy-to-let landlords do not intend to sell any of their properties in the next 12 months, latest data from the Landbay quarterly survey has...

February 8th, 2023

TransUnion UK appoints Neil Bentley as General Counsel
Global information and insights provider TransUnion has appointed Neil Bentley as general counsel in the UK, leading legal, risk and compliance, as part of the...

February 8th, 2023

The most sought after nations for fake identity documents revealed as average cost comes in at £1,500
The latest research by digital identity specialists, ID Crypt Global, has revealed the alarming ease at which a fake ID can be acquired, as well as the cost of...

February 8th, 2023

Code regulator ramps up requirements to stop scams
The Lending Standards Board (LSB) has stepped in and made further updates to the Contingent Reimbursement Model Code (CRM Code) in a bid to stamp out...

February 8th, 2023

Commentary on business landing drop
Given the expectation of a 3.8% contraction in bank-to-business lending this year, one of the steepest declines in recent history, Tim Vine, Head of...

February 7th, 2023

Foundation Home Loans announce price reductions on owner-occupied and buy-to-let specials
Foundation Home Loans, the intermediary-only specialist lender, has today announced price reductions on its owner-occupier and buy-to-let mortgage products. In...

February 7th, 2023

Construction sector boomed by 18% in 2022 with further growth predicted this year
Analysis by peer to peer real estate investment platform, easyMoney, has shown that at £97.6bn (2022) the UK construction sector is by far the largest in...

February 6th, 2023

Experian partners with Zopa Bank
Experian Boost data will now be included in Zopa Bank’s credit card decisioning process – giving customers better rates and offering them reduced APR for a...

February 6th, 2023

Freedom Finance adds 22 products to digital lending marketplace
Freedom Finance, one of the UK’s leading digital lending marketplaces, is delighted to announce the continued development of its platform with more products...

February 6th, 2023

PSR responds to TSC’s report on APP scams reimbursement
We have been consulting on proposals to make reimbursement of APP scams mandatory and have received a wide range of views from industry, consumer groups and...

February 6th, 2023

PIMFA calls for Financial Conduct Authority to have greater role in protecting public from fraud
PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, welcomes the news today that...

February 3rd, 2023

Bank plays it safe, but things are looking up
Rates rise 0.5% to 4.0%. The MPC voted 7-2 in favour of the rise, with 2 members voting in favour of keeping rates at 3.5%. Market expects rates to peak at...

February 3rd, 2023

UK Interest Rates have risen to 4%
This morning, the Bank of England has announced that they will be raising the UK’s interest rates to 4%, Tommaso Aquilante, Associate Director of Economic...

February 3rd, 2023

Will the headlines knock confidence further? – Comment on the interest rate rise from the Bank of England
Commenting on the latest MPC’s decision to raise the BoE base rate to 4%, Adam Oldfield, chief revenue officer at Phoebus Software, says “Today’s...

February 2nd, 2023

MPC comment from John Phillips at Just Mortgages
Following the Bank of England’s decision to raise interest rates for a tenth successive time from 3.5% to 4%, we have a comment from national broker firm,...

February 2nd, 2023

Fleet Mortgages cuts rates on all seven-year fixes
Fleet Mortgages, the buy-to-let specialist lender, has today announced price cuts on all its seven-year fixed-rate products. Priced in line with recent swap...

February 2nd, 2023

Freedom Finance deepens partnership with lender Koyo
Freedom Finance, one of the UK’s leading digital marketplaces, is delighted to announce that it has extended its relationship with Koyo – a key partner...

February 2nd, 2023

TransUnion Announces Investment in Bud to Drive Innovation and Growth in Open Banking
TransUnion, a global insights and information company, has announced a strategic investment in Bud Financial Limited (Bud), a leader in Open Banking and data...

February 1st, 2023

Hodge launches Mixed Use product for experienced property investors
Hodge has launched a new Mixed Use Finance product to support experienced commercial investors wanting to buy property where the majority is residential but...

January 31st, 2023

Four AI Predictions for 2023: From the Great Correction to Practical AI
There’s no way to sugarcoat it: 2022 was a rough year for businesses. Tech companies are now learning to solve for new challenges, their once limitless...

January 31st, 2023

Commentary on Bank of England Money and Credit announcement
“With the UK economy steering ever closer to a recession, you’d be forgiven for thinking that consumer borrowing would follow the downward trend, however,...

January 31st, 2023

Rates fall on Landbay’s HMO/MUFB range by up to 60bps
Landbay is reducing rates by up to 60 basis points across its range of buy-to-let mortgages for houses in multiple occupation (HMO) and multi-unit freehold...

January 31st, 2023

Foot Anstey’s Fraud Team celebrate Court of Appeal success in £70M conspiracy claim
The Fraud Team at national law firm Foot Anstey LLP has advised a former non-executive director of the auction house Bonhams on the successful dismissal of a...

January 30th, 2023

LiveMore secures up to £250m funding facility from Citi
LiveMore Capital has secured a credit facility of up to £250m from Citi taking total funding raised by the lender since inception to nearly £600m. Set up in...

January 30th, 2023

Latest Fraud Figures Point To Continuing Threat of Advance Fee Fraud
“The latest fraud figures from the Office for National Statistics for the year to September 2022 show that bank and credit account fraud decreased by 14% to...

January 30th, 2023

Data Privacy Day: Don’t put all your eggs in one basket
Privacy Day is of extra importance this year because of a dramatic increase in attacks designed to get around measures that make account log-ins more secure,...

January 30th, 2023

Knowledge Bank launches industry’s first interactive criteria guide
Knowledge Bank, the UK’s largest database of mortgage lending criteria, has launched a bespoke interactive criteria guide for lenders to promote their...

January 26th, 2023

Allica Bank extends funding range to include soft assets as it hits £200m of asset finance lending
Allica Bank, the fintech challenger bank dedicated to supporting UK small and medium businesses, has extended its asset finance proposition to include soft...

January 25th, 2023

Banks’ continuing AML shortfalls risk “eye-watering” fines
A “worrying” number of banks and financial institutions are still risking multi-million pound fines like the £107m penalty issued to Santander at the end...

January 25th, 2023

Four out of 10 buy-to-let landlords intend to buy more property
More than four out of 10 buy-to-let landlords (42%) intend to purchase additional property in the next 12 months, the Landbay quarterly landlord survey has...

January 25th, 2023

SmartSearch comments on former FBI official charged for sanction evasion
Following the news US prosecutors have charged a former top FBI official for allegedly trying to help a Russian oligarch get off a US sanctions list, Martin...

January 25th, 2023

Property sales start to freeze up in December
Property sales (non-seasonally adjusted) were down 1% during 2022, and down 3% between November and December, to 108,960. Sales have been steady, and remain...

January 24th, 2023

Novatus Advisory bolsters leadership team with appointment of two senior hires
Novatus Advisory (Novatus), the risk, regulation and ESG consultancy and technology solution provider, today announced the appointment of two strategic senior...

January 24th, 2023

Comment on HMRC monthly property transactions
Following this morning’s release of the HMRC monthly property transactions, Simon Webb, managing director of capital markets and finance at LiveMore, said:...

January 24th, 2023

Comment: HMRC property transactions
Following this morning’s property transactions announcement from HMRC, Karl Wilkinson, CEO at Access Financial Services said: “This morning’s housing...

January 24th, 2023

Might we see a traditional post-Christmas pick up? – Comment on the HMRC property transactions for December
Following the latest property transaction figures from HMRC, Adam Oldfield, chief revenue officer at Phoebus Software, says “Although no-one will be...

January 24th, 2023

FICO UK Credit Card Market Report: November 2022
FICO’s latest report of UK card trends — for November 2022 — suggests that consumers managed their credit card debt to keep lines of credit open for the...

January 24th, 2023

Rental yields up in majority of regions, reveals Fleet Mortgages’ Q4 2022 Rental Barometer
Fleet Mortgages, the buy-to-let specialist lender, has today (23rd January 2023) released the latest iteration of its Buy-to-Let Rental Barometer covering Q4...

January 24th, 2023

High cost of living forces one in six over-50s to cash in on homes
One in six of the UK’s over-50s are so impacted by the cost-of-living crisis they will need to either sell or release equity from their homes to give them...

January 24th, 2023

Zephyr Homeloans announces tracker mortgage product range
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a range of tracker mortgage products. The lender said that it is offering:...

January 20th, 2023

Reaction: Dun and Bradstreet on UK inflation drops
As today’s inflation rate announcement shows a fall of 10.5% in the year to December from 10.7% in November, Tommaso Aquilante, Associate Director of...

January 19th, 2023

Inflation slowing, with fuel prices driving hopes for future easing
Prices continued to rise in December, with CPI up 0.4% in the month, however annualised inflation slowed to 10.5% from 10.7% in November. The slowing rate of...

January 18th, 2023

New FICO and Corinium Report Finds Financial Services Firms Lack Responsible AI Strategies Despite Surging Demand for AI Solutions
Today, global analytics software platform provider FICO released its third annual State of Responsible AI in Financial Services report, developed in...

January 18th, 2023

“Fall in inflation rates welcome news but SMEs remain under huge pressure”
“A fall in inflation rates is welcome news but it’s important to recognise that small business owners will remain under huge pressure from soaring interest...

January 18th, 2023

SecurityHQ Expands Operations in Middle East
SecurityHQ, a Leading Global Managed Security Services Provider (MSSP), has increased its presence in the Middle East with an expansion of its Global Security...

January 18th, 2023

Hampshire Trust Bank returns with market-leading service and launches new ERC Lite and ERC Plus products
Now that Hampshire Trust Bank’s (HTB) service levels are back within SLA, it is launching two new specialist five-year fixed rate residential and...

January 18th, 2023

BioCatch Celebrates 2022 with ARR Growth, Technology Innovation, High Customer Satisfaction
New York and Tel Aviv – BioCatch, the pioneer of behavioural biometric intelligence and a global leader in fraud detection, today announced strong...

January 17th, 2023

TransUnion Supports Mortgage Magic in Launching Credit Report Integration
Global information and insights company TransUnion is supporting Mortgage Magic in launching credit report integration to make it even easier for brokers to...

January 17th, 2023

Fleet Mortgages cut rates on all fixed-rate products
Fleet Mortgages, the buy-to-let specialist lender, has today announced price cuts to its entire range of fixed-rate products. From today, advisers can access...

January 17th, 2023

Together appoints Martin Souter as Commercial Credit and Risk Director
Specialist lender Together has today announced the appointment of financial services expert Martin Souter as its Commercial Credit and Risk Director. Martin...

January 17th, 2023

AML fines issued to estate agents on the up
The latest industry analysis by Credas Technologies, the leading identity verification checks provider, has shown that the average Anti-Money Laundering (AML)...

January 17th, 2023

Hanley Economic BS kicks-starts 2023 with quadruple product launch
Hanley Economic Building Society has kick-started its 2023 lending campaign with the launch of four new products. The new products include an 80% LTV BTL...

January 16th, 2023

Rightmove: asking prices bounce back, but New Year optimism may not last
Average asking prices were up 0.9% in January – or £3,301 – to £362,438. They’re still down £8,720 from October’s peak. On January 5, the number of...

January 16th, 2023

Digital compliance specialists SmartSearch certified as a Great Place To Work
SmartSearch has been certified as a Great Place To Work. The highly sought-after accreditation is determined by independent surveys with employees and in-depth...

January 16th, 2023

New report reveals ongoing and serious failings toward vulnerable people across all sectors
A new report released today by the not-for-profit Vulnerability Registration Service reveals a shocking picture of how despite interventions by regulators and...

January 13th, 2023

TAB announced as latest lender on Knowledge Bank’s Criteria Sourcing System
Knowledge Bank has today announced that specialist lender TAB has joined the UK’s biggest criteria sourcing system. Knowledge Bank users can now source TAB...

January 12th, 2023

Vulnerable people more likely to have been pressured to take out credit for someone else
New research has revealed that 1.6 million people who have identified themselves as vulnerable were pressured into taking out credit or services for someone...

January 12th, 2023

Learning the Lessons of the Last Crisis: “Economic Victims” of a Recession Bounce Back to Financial Good Faster
Moving away from the pandemic was meant to usher in a return to normality for most, but this was another Christmas when consumers across the country once again...

January 12th, 2023

Second charge mortgage new business volumes grew by 9% in November 2022
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

January 12th, 2023

Experian launches CreditLock to give Brits an extra layer of protection against identity fraud
Experian has today launched CreditLock, a new feature that will enable customers to lock their Experian Credit Report at the touch of a button. The launch...

January 12th, 2023

Hodge reduces rates across its entire residential mortgage range
Hodge is today announcing reduced rates across its entire range of holiday let, 50+, RIOand professional mortgage products by up to 0.40%. This is the third...

January 11th, 2023

Vulnerable people more likely to have been pressured to take out credit for someone else
New research has revealed that 1.6 million people who have identified themselves as vulnerable were pressured into taking out credit or services for someone...

January 11th, 2023

Business Data 2023 Predictions
As the global economy continues to face significant challenges, including recession, experts at Dun & Bradstreet, a leading global provider of business...

January 11th, 2023

Landbay lowers rates on two-year fixes and reduces ICR
Buy-to-let specialist lender Landbay is lowering the rates on two-year fixed rate mortgages and reducing its income cover ratio (ICR) requirements for basic...

January 11th, 2023

UK Businesses Spend £600K Annually To Repel Cyber Attacks, as More Become Affected by Data Breaches
New research from global information and insights company, TransUnion, shows that individual organisations are fighting off more than 500 cyber attacks each...

January 10th, 2023

Mizuho Bank Luxemburg upgrades anti-financial crime compliance risk management with Napier
Mizuho Trust and Banking (Luxembourg) S.A , the Luxembourg subsidiary of Japan’s Mizuho Trust & Banking division (part of Mizuho Financial Group) , is...

January 10th, 2023

Where are the most successful new businesses opening in the UK?
Research from CMC Markets has revealed Reading as the UK city opening the most successful new businesses in the last five years, with just 0.13% going into...

January 10th, 2023

Fleet Mortgages lends over £1.2 billion in 2022
Fleet Mortgages, the buy-to-let specialist lender, has today announced it completed over £1.2bn of new lending completions during the 2022 calendar year....

January 9th, 2023

Allianz Trade x Santander CIB x Two New B2B BNPL partnership
Allianz Trade, Santander CIB & Two partnered to develop a new B2B BNPL solution dedicated to large multinational corporates. • A unique and pioneering...

January 9th, 2023

Halifax HPI: Miserable December as the rot sets in
In December, prices were down 1.5% in a month to an average of £281,272. This is the fourth consecutive month of falls. Annual price rises slowed again, to...

January 6th, 2023

Key demonstrates good vulnerability assessments with MorganAsh to lead later life sector on vulnerability
Key Later Life Finance, the UK’s largest equity release advice firm, has seen positive results from its vulnerability assessments, with the help of MARS from...

January 5th, 2023

Russian oligarchs face $95 billion black hole thanks to sanctions
A $95 billion “black hole” in oligarch wealth shows strict sanctions on Russia are working, a leading anti-money laundering (AML) expert has argued. New...

January 5th, 2023

Private housing delivery driving construction output recovery as sector returns to pre-pandemic levels
Market analysis by Alliance Fund, the end to end real estate fund, has found that total construction output has almost returned to pre-pandemic levels, but the...

January 5th, 2023

FICO Round Table Discusses Approaches to Sharp Rise in Scams and Authorised Push Payment Fraud
In 2021, UK losses to authorised push payment (APP) scams reached £583.2 million. This 39 percent year-on-year increase in losses shows how inventive and...

January 5th, 2023

Property transaction fall throughs hit five year high
The latest industry index on property fall throughs by property purchasing specialist, House Buyer Bureau, has revealed that there has been a sharp increase in...

January 5th, 2023

Mortgage lending up in 2022, but have we reached the peak?
The latest mortgage market analysis by specialist property lending experts, Octane Capital, estimates that £77.5bn in residential loans was lent to...

January 4th, 2023

Prime London property demand falls but appetite for super-prime keeps getting stronger
The latest Prime Central London Buyer Demand Index by London lettings and estate agent, Benham and Reeves, has found that demand is down across the prime...

January 4th, 2023

Custom Credit chooses LendingMetrics’ ADP
Custom Credit is set to use LendingMetrics’ Auto Decision Platform (ADP) to speed up decisioning and take its clients’ borrowing experience to the next...

January 3rd, 2023

TransUnion Supports Fiinu Bank in Offering Consumers Greater Choice with New Plugin Overdraft Solution
Global information and insights company TransUnion is supporting Fiinu Bank to help enable its innovative overdraft solution, using TransUnion Open Banking...

December 21st, 2022

Central Trust enhances AVM policy
Central Trust, the first and second charge lender, has today introduced the use of Automated Valuation Model (AVM) technology to its Consumer Buy-to-let...

December 20th, 2022

FICO October credit report
FICO’s latest report of UK card trends — for October 2022 — illustrates the push and pull of personal finances as consumers attempt to manage existing...

December 20th, 2022

2023 market outlook for the new-build sector
With 2022 coming to a close, the UK finds itself under somewhat of a financial dark cloud. Some are calling it a recession, most believe it to be the obvious...

December 20th, 2022

Inflation to hit the UK hardest, with half of business leaders expecting inflation to get worse in the next 12 months
UK businesses expect to be hit the hardest by inflation, according to new research from Taulia. Nearly half (48%) of UK businesses expect inflation to get...

December 20th, 2022

Comments on today’s ONS retail sales figures for November
“Retail sales volumes fell by 0.4% in November, despite Black Friday and the start of the 2022 World Cup which should have provided a boost to pre-Christmas...

December 20th, 2022

Suspected Digital Fraud in UK Sees 40% Spike Around Black Friday
The average number of suspected digital fraud attempts for transactions from the UK on any given day surrounding Black Friday was 40% higher than the average...

December 15th, 2022

New report reveals ongoing and serious failings toward vulnerable people across all sectors
A new report released today by the not-for-profit Vulnerability Registration Service reveals a shocking picture of how despite interventions by regulators and...

December 15th, 2022

Online Banking Commission completes cross-sector review into the impact of online banking on those experiencing economic abuse, outlines recommendations for change
Domestic abuse charity Refuge alongside their long-term corporate partner, The Co-operative Bank, have published a new report which concludes a year-long...

December 15th, 2022

Survey: UK Consumers Accept More Identity Checks after Losses of £15.3m across Christmas ’21
There was a reported £15.3 million lost to fraud in the UK between November 2021 and January 2022, and with just a few days until Christmas Day, panic mode...

December 15th, 2022

TransUnion Is Ranked as One of the UK’s Most Inclusive Employers
TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has been ranked in The Inclusive Top 50 UK...

December 15th, 2022

Cybersecurity the biggest investment for UK finance leaders in 2023
Improving cybersecurity is the top priority for UK finance leaders in 2023, according to a new survey released today, as many start to submit their New...

December 15th, 2022

Consistent approach to vulnerability data needed as regulators flex muscles
The FCA is beginning to “flex its muscles” with notices issued to firms needing more data on vulnerability – a Consumer Duty expert has warned. The...

December 15th, 2022

FCA research: Festive shoppers at rising risk of loan fee scams as fraudsters pile on the pressure at Christmas
With Christmas fast approaching, the FCA launches its latest ScamSmart campaign aimed at giving consumers the knowledge and tools to avoid loan fee fraud. The...

December 14th, 2022

Credas Shortcuts Tenant Screening
Data from CIFAS, the fraud prevention database, states a marked increase in both identity fraud and false applications in the UK with increases of 34% and 45%...

December 14th, 2022

‘Second-charge Mortgage Tracker continues to reflect the cost of living crisis’
Evolution Money, the second-charge lending specialist, has today revealed the latest results from its quarterly data tracker, which reviews borrower types,...

December 14th, 2022

Hodge reduces rates across selected products
Hodge is today announcing reduced rates across its holiday let, 50+ and recently launched Professional mortgages. This is the second time the specialist lender...

December 13th, 2022

Cost of borrowing warning: personal loans soar to highest rates since 2013 and credit cards since 1998
Analysis of the latest Bank of England data on average quoted household rates from Freedom Finance, one of the UK’s leading digital lending marketplaces,...

December 13th, 2022

PayPlan awarded Partner Recognition for their work to stop loan sharks
We’re proud to be the first national debt advice provider to achieve partner recognition status for our work in raising awareness about loan sharks and...

December 13th, 2022
Tenants worse off as rents increase by up to 15% since last Christmas
The latest insight into the UK rental market from Ocasa, reveals that tenants in London have endured bigger rent price increases than anywhere else in the UK...

December 12th, 2022

Berkeley Group – battening down the hatches
Berkeley Group has today announced its half year results for the six months ended 31 October 2022. Profit before tax down 2% to £284.8 million. Sales since...

December 9th, 2022

PSR takes steps towards greater transparency on APP scam data across banks and building societies
Today, the Payment Systems Regulator (PSR) outlines the technical process that banks and building societies will have to follow as part of its new reporting...

December 8th, 2022

Half of New First-Time-Buyer Mortgages Have Terms Over 30-years, Up From A Quarter Ten Years Ago
Half of all first-time buyers in the UK, and over a quarter of home movers who took out a mortgage in the third quarter of this year opted for a term of more...

December 8th, 2022

Food consumed a huge wedge of our budget – leaving us vulnerable
In 2020/21 the average household spent £39.71 per person per week on all food and drink eaten both at home and out and about, This is down 17.8% in a year –...

December 8th, 2022

FICO Wins Machine Learning Award for Scams Detection Model
Global analytics software provider FICO won the Machine Learning in Credit and Collections Award at the 2022 Credit & Collections Technology Awards, held...

December 8th, 2022

Cost of living triggers dangerous era of ‘Financial STOICism’
A quarter (24%) of GB adults admit they are making bad financial decisions they know will negatively affect their ability to access financial products in the...

December 8th, 2022

RICS: Buyers hibernate as market freezes
Buyer demand fell for a seventh month in a row in November: not as fast as in October, but it’s still a significant drop. The number of agreed sales has...

December 8th, 2022

Praetura Commercial Finance Group surpasses £100m loan book and targets growth after record year
Praetura Commercial Finance Group (PCFG), the North-West based asset-based lending business, has grown its loan book to over £100m+ as the demand for funding...

December 8th, 2022

Allica sees £65M of instant decision-in-principles one month after launching new automated tool
Allica Bank has seen £65m of instant commercial mortgage decision-in-principle applications since launching its new automated application tool at the start of...

December 8th, 2022

Almost a fifth of rental properties let within two weeks as high demand continues to drive up rental values
Market analysis from Ocasa, the specialist rental platform, reveals that, in Britain’s fastest-moving rental markets, up to 30% of homes are snapped up by...

December 7th, 2022

Experian recognised with Government Trust Framework Certification
Experian has today been recognised for its market leading identity verification technology and solutions, achieving certification through the Government’s...

December 7th, 2022

Alpian, Switzerland’s first private digital bank, selects Napier Continuum for financial crime compliance
Geneva – Alpian, Switzerland’s first digital private bank, and Napier, global provider of advanced financial crime compliance solutions, announce their...

December 6th, 2022

Buy-to-let mortgage payments increase by 286% in one year
The latest mortgage market analysis by specialist property lending experts, Octane Capital, reveals that buy-to-let landlords are facing a tougher time...

December 6th, 2022

LiveMore launches capital and interest mortgage
LiveMore Capital is expanding its product range with the launch of its first ever Capital & Interest (C&I) mortgage for borrowers aged 50 to 85. The...

December 6th, 2022

The Right Mortgage & Protection Network have reinforced their support offering surrounding Consumer Duty responsibilities
The Right Mortgage & Protection Network have launched further support for members following the ongoing demands of the FCA’s Consumer Duty requirements....

December 5th, 2022

FICO Survey: UK Consumers Will Choose Banks Based on Fraud Protection
Global analytics software company FICO has revealed the findings from its latest fraud survey with consumers showing that strong fraud protection can be a...

December 5th, 2022

New data reveals how Britain will adjust to Christmas amidst the cost-of-living crisis
For the majority of Brits, Christmas might look a little bit different this year in light of the cost-of-living crisis and deepening recession. Due to the...

December 5th, 2022

Mazuma Mobile UK wide survey forecasts continued decline in economy
MORE than nine out of 10 people say they are worried about the cost of living crisis, according to a large-scale nationwide survey undertaken by Mazuma Mobile....

December 2nd, 2022
ABA Statement on FDIC’s Quarterly Banking Profile
Washington, DC – “The FDIC’s latest Quarterly Banking Profile for the third quarter shows that the banking sector remains strong even as banks of...

December 2nd, 2022

Phoebus Software partners with Jade ThirdEye for AML solutions
Phoebus Software Limited (PSL) has added Jade ThirdEye to its strategic partner programme to offer its clients an anti-money laundering (AML) and financial...

December 1st, 2022

Fleet Mortgages make further rate cuts across all fixed-rate mortgages
Fleet Mortgages, the buy-to-let specialist lender, has today announced further rate cuts across its entire fixed-rate mortgage range for both 65% and 75% LTV....

November 30th, 2022

Atom cuts rates across mortgage range to help borrowers
Atom bank, the UK’s first app-based bank, is today decreasing the rates across a number of its mortgage products, with selected five-year products now...

November 30th, 2022

Capitalise and Experian launch Credit Review Service to support small businesses through the changing economic landscape
Capitalise has today announced the latest development in its partnership with Experian, as it launches a new business service to help thousands of UK SMEs take...

November 29th, 2022

Commentary on BoE Money and Credit announcement
“A cocktail of tightening monetary and fiscal policy, mixed with ongoing inflationary pressures, has put the UK economy on ice, as consumers shy away from...

November 29th, 2022

Landmark court ruling gives huge hope to cryptocurrency fraud and hacking victims
A victim of cryptocurrency fraud can now obtain information about the perpetrators from exchanges located abroad, after a landmark case that could have huge...

November 29th, 2022

Napier breaks into Japanese market through new partnership with governance, risk, and compliance firm, GRCS
Napier, the financial crime compliance specialist, has announced that its end-to-end financial crime risk management platform, Napier Continuum, is available...

November 29th, 2022

BOE Money and Credit data – comment
“The ‘effective’ interest rate, which is the actual interest rate paid, has risen every month in 2022. For newly drawn mortgages the effective interest...

November 29th, 2022

41% fewer mortgage products under the tree for homebuyers this Christmas
The latest mortgage market analysis by specialist property lending experts, Octane Capital, has revealed that those looking to scour the market for a mortgage...

November 29th, 2022

Survey reveals the UK’s money-laundering hotspots
If you’re a Russian kleptocrat who wants to launder money through the UK to help finance Putin’s war in Ukraine, do it in Northern Ireland. New data has...

November 28th, 2022

Mercantile Trust accepts automated bridging valuations up to 75% LTV
Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has introduced Automated Valuation Models (AVMs) into its bridging loan process....

November 28th, 2022

Tuscan Capital appoints Jade Lidiard as underwriter
Tuscan Capital, the short-term property finance specialist, has today announced that Jade Lidiard has joined the lender as Underwriter. Jade joins Tuscan...

November 28th, 2022

FICO Achieves Top 5 Ranking in the 2023 Chartis RiskTech100® Annual Report
Global analytics software provider FICO announced it moved up a spot from sixth place to top five for the first-time in the Chartis Research RiskTech100®...

November 28th, 2022

One in ten have been a victim of financial abuse: what can you do?
The police recorded 910,980 domestic abuse-related crimes in the year to March 2022 – up 7.7% in a year. 85% of domestic partner abuse is non-violent, and of...

November 28th, 2022

Biggest weekend for online shopping beckons scammers
During the weekend between Black Friday and Cyber Monday, fraudsters are targeting online shoppers by offering bogus discounts and deals, spoofing websites of...

November 28th, 2022

Police to text 70,000 victims in UK’s biggest anti-fraud operation – comments from expert fraud lawyer
Further to the news that the Police have begun texting 70,000 victims of a major banking scam in the UK’s biggest anti-fraud operation, Nicola McKinney,...

November 25th, 2022

AYLIEN makes waves with trailblazing financial services innovation
Dublin, Ireland – AYLIEN, the award-winning news intelligence startup has today unveiled a pioneering breakthrough in financial services risk management...

November 24th, 2022

Homebuyer feeding frenzy starts to slow as less homes selling within two weeks of reaching the market
Research by estate and lettings agent, Barrows and Forrester, has revealed that the frantic market conditions of the pandemic property market boom have started...

November 24th, 2022

Fleet Mortgages announce rate cuts across all five- and seven-year fixes
Fleet Mortgages, the buy-to-let specialist lender, has today announced rate cuts across all five- and seven-year fixed-rate mortgages for both 65% and 75% LTV....

November 24th, 2022

Black Friday weekend set to be bleaker this year amid cost-of-living storm
£8.7 billion is expected to be spent during the Black Friday weekend (Fri-Mon). That represents a 0.8% increase in sales but volumes are expected to be lower....

November 24th, 2022

Mortgage approvals forecast to dip by 13% for residential property purchases
The latest mortgage market analysis by specialist property lending experts, Octane Capital, has revealed that the level of mortgage approvals seen across the...

November 23rd, 2022

1 in 10 Data Breaches Affect Finance Sector, ICO Data Reveals
As National Computer Security Day approaches on 30th November, latest ICO data reveals the finance, insurance and credit sector is one of the top offenders for...

November 23rd, 2022

EY UK Future Consumer Index: Consumers cut back spending for Christmas as cost-of-living crisis intensifies
As Black Friday approaches, the latest EY Future Consumer Index finds that nearly half of UK consumers (43%) expect to spend less over the festive season...

November 23rd, 2022

Creditinfo hires Sipartech veteran Bertrand de Leusse as CFO
Creditinfo Group, the credit bureau, today announced it has appointed Bertrand de Leusse as Chief Financial Officer (CFO). De Leusse joins Creditinfo to...

November 23rd, 2022

FLA response to FCA proposals for the credit information market
Commenting on the Financial Conduct Authority’s proposals on the operation of the credit information market, Fiona Hoyle, Director of Consumer and Mortgage...

November 23rd, 2022

Estate agent AML checks up by 31% already in 2022
Research by Credas Technologies, the leading identity verification checks provider, reveals that anti-money laundering registrations in the real estate sector...

November 22nd, 2022

Atom re-introduces competitive Prime and Near Prime mortgage products
Atom bank, the UK’s first app-based bank, is today (22 November 2022) re-introducing a suite of Near Prime and Prime mortgage products with competitive...

November 22nd, 2022

Scotland gets the income and expenditure treatment, powered by IE HUB
IE HUB and Money Advice Scotland have entered into an agreement to deliver a Scotland-centric version of IE HUB’s free-to-use income and expenditure tool....

November 22nd, 2022

Over half of Brits have been targeted by fraud
The number of people searching online for ‘Fraud prevention’ has increased 22% this month. With a 17% increase in fraudulent activity year on year,...

November 22nd, 2022

FICO UK Credit Card Market Report: September 2022
FICO’s latest report of UK card trends — for September 2022 — provides clear signs of consumer indebtedness as the cost of living crisis impacts...

November 21st, 2022

Hunt wields the scalpel, not the axe
The Autumn Statement was a sensible and measured response to the fiscal challenges facing the country, the Centre for Policy Studies (CPS) said today. While it...

November 18th, 2022

Autumn Statement: Credit sector must ensure lending takes care of vulnerable borrowers
“The Chancellor opened his Autumn Statement saying that inflation is the enemy of stability, and backed this up with a range of fiscal measures designed to...

November 18th, 2022

Reaction to Autumn Budget statement from Tommaso Aquilante
“Over recent months, inflationary pressures have become widespread, pushing central banks to rise interest rates to levels unseen for more than a decade,...

November 17th, 2022

Zephyr Homeloans launches new five-year fixed rate mortgage product
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced a new five-year fixed mortgage product. The lender said it’s offering...

November 17th, 2022

FSB Scotland: Inflation figures yet another body blow for small firms
Responding to the news that the rate of inflation has risen to 11.1% this month, up from 10.1% last month, the Federation of Small Businesses’ (FSB) Scotland...

November 16th, 2022

Experts dub 3% interest rate “Operation Protect the Housing Market”
The Bank of England (BoE) announced on November 3rd that it is further raising the base interest rate from 2.25% to 3%. This means more bad news for mortgage...

November 16th, 2022

New-build sales set to freeze but developers achieve their highest prices in the winter months
Market analysis by Unlatch, the new homes sales progression and aftercare platform for developers and housebuilders, has found that while Britain’s property...

November 16th, 2022

House prices up 9.5% in a year but slowdown has started
UK average house prices increased by 9.5% over the year to September 2022. This is down from 13.1% in August 2022 and 15.2% in the year to July. UK house...

November 16th, 2022

Together re-launches its two year fixed-term personal and commercial ranges
Together has today re-launched its two year fixed rate personal and commercial finance products to help more clients realise their property ambitions. The...

November 16th, 2022

Inflation rockets to 11.1%
The Consumer Prices Index (CPI) rose by 11.1% in the 12 months to October 2022, up from 10.1% in September. Major contributors included food and non-alcoholic...

November 16th, 2022

Comments on rise in inflation
“The spiralling cost of energy and food are the main components of the high inflation we have today. What appears to be a foregone conclusion, judging by the...

November 16th, 2022

Atom bank renews contract with Phoebus Software
Atom bank and Phoebus Software Limited (PSL) have signed a new three-year contract. The digital bank, that revolutionised the mortgage market by pioneering the...

November 16th, 2022

Record quarter as lender Bergen Finance gains momentum in maiden year
Secured lender Bergen Finance, which launched last December, is celebrating a record quarter on the back of a strong first half of the year – having lent...

November 15th, 2022

Criminals sell cars at 99% discount
New research commissioned by Direct Line Motor Insurance reveals thieves typically secure at most five per cent of the value of a stolen car, despite the huge...

November 15th, 2022

This week’s Autumn Statement: why letting the rich foot even more of the bill is a risky balancing act
The top 100 taxpayers in the UK – a minuscule proportion (0.0003%) of all taxpayers – pay a staggering £3.831 billion a year in income and capital gains...

November 15th, 2022

Norton Broker Services secures fast regulated re-bridge loan with complex exit
Norton Broker Services and Spring Finance have worked together to complete a regulated re-bridge loan, moving quickly to overcome a complex exit strategy and...

November 14th, 2022

A real economic conundrum for the UK – comment
Following the ONS GDP figures this morning, Richard Pike, Phoebus Software chief sales and marketing officer, says “Although on the face of it, today’s...

November 11th, 2022

UK economy shrinks in third quarter – “annus horribilis begins”
UK economy shrank 0.2% in the third quarter and 0.6% in September. Bank holiday to mark the Queen’s funeral contributed to fall in economic output....

November 11th, 2022

Mercantile Trust completes its first ever Northern Ireland bridging loan
Mercantile Trust, the specialist bridging, buy-to-let and commercial lender, has completed its first bridging case in Northern Ireland. The case was introduced...

November 10th, 2022

Comment on economic inactivity statistics
The ONS today announced that the number of working-age adults who are out of the labour market (known as “economically inactive”) because of...

November 10th, 2022

Second charge mortgage new business volumes grew by 29% in September 2022
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

November 10th, 2022

Lisa Osofsky to step down as SFO director
“Under Lisa Osofsky, the SFO has had some successes, particularly regarding the agency’s use of deferred prosecution agreements as an alternative to...

November 10th, 2022

OCBC Bank and NTU Singapore embark on a S$5 million research collaboration
Singapore – OCBC Bank and Nanyang Technological University Singapore (NTU Singapore) today announced that they have embarked on a S$5 million research...

November 10th, 2022

TransUnion Affirms Commitment To Learning and Development With The 5% Club
TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, is proud to affirm its pledge to support...

November 9th, 2022

Property market grinding to a halt as transaction levels fall by almost a quarter
The latest research by property purchasing specialist, House Buyer Bureau, has revealed that the UK property market is grinding to a halt, with the average...

November 9th, 2022

Estate agency only sector to see increase in average AML fine issued
Research by Credas Technologies, the leading identity verification checks provider, reveals that the average Anti-Money Laundering (AML) fine handed to the...

November 9th, 2022

Brits least likely in Europe to think about their credit score, and most likely to turn to higher cost forms of credit
Millions of people in the UK admit they never think about their credit score, despite many saying they are expecting to borrow more money from their bank or...

November 8th, 2022

Cop27 climate goals won’t be met without data science and digital skills, says BCS CEO
Global leaders must put data scientists and broader digital skills at the centre of their climate change ambitions, the professional body for information...

November 7th, 2022

Buy-to-lets in high demand areas cost up to 7.7% more on average – but are they worth it in the long run?
The latest market analysis by mortgage experts, Revolution Brokers, has revealed that landlords looking to reduce void periods by investing in a buy-to-let...

November 7th, 2022

Stonebridge enhances Compliance Operating Model
Stonebridge, the national mortgage and insurance network, has today launched a further enhancement to its Compliance Operating Model which it says will mean...

November 7th, 2022

Commercial real estate sector forecast to dip following post-pandemic boost
The latest research by Alliance Fund, the end to end real estate fund, estimates that the UK’s commercial property sector will see transaction levels dip by...

November 7th, 2022

Chawatama joins Knowledge Bank
Knowledge Bank has appointed Shane Chawatama as sales director, to spearhead the fintech firm’s excitinggrowth plans. Chawatama joins the digital criteria...

November 7th, 2022

The Bank of England increases interest rates to a record high
“High energy and food prices, and tight labour markets have led the Bank of England to maintain a hawkish posture, increasing rates by 0.75bps in November,...

November 4th, 2022

Rates hit 3% as Bank issues recession and inflation warning
The Bank of England Monetary Policy Committee has raised rates 0.75 percentage points to 3%. It’s the biggest rise for 33 years, taking rates to their...

November 3rd, 2022

MPC decision – Rates increased to 3% but rate of future rises may be slower
0.75% increase, taking rates to 3%, biggest single increase since 1989. Inflation is expected to remain at around 11% in Q4, slightly lower than previously...

November 3rd, 2022

OECD inflation rises to 10.5% in September 2022, with inflation pressures broadening beyond food and energy in most countries
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) rose to 10.5% in September 2022, from 10.3% in August. Double-digit inflation...

November 3rd, 2022

BoE base rate: comments on impact to lower and middle income households
“In the face of double-digit inflation, a looming recession, and interest rates at a 40-year high, today people are facing a nail-biting wait to find out...

November 3rd, 2022

IQ-EQ employs leading AI compliance capabilities with Napier
Napier, provider of leading anti-financial crime compliance solutions, announced that investor services group IQ-EQ is upgrading its screening capabilities to...

November 3rd, 2022

The Rishi Effect Yet to Reassure Britons, With 80% of UK Adults Still Lacking Financial Confidence, After New PM’s First Week
As Rishi Sunak completes his first seven days in office, new research has revealed that only one-in-five British people feel more confident about their...

November 2nd, 2022

Property market embraces Open Banking
With 60% of UK consumers now aware of the benefits of Open Banking, it continues to advance the way we share sensitive financial information in a safe and...

November 2nd, 2022

Hanley Economic BS launches trio of five-year fixes
Hanley Economic Building Society has launched a trio of five-year fixed rate products up to 95% LTV. The first of these is a five-year fixed rate product with...

November 1st, 2022

Money Mule And Crypto Schemes Now Top Money Laundering Threats, According to New Research from Feedzai
San Mateo, Calif., London, United Kingdom and Lisbon, Portugal – Money mule schemes, multi-customer cross-wallet activity and the use of crypto exchanges are...

November 1st, 2022

House prices fall in October: the market is either braking or breaking
House prices are up 7.2% in the year to October – down from 9.5% in September. Prices fell 0.9% in a month – the first monthly fall since July last year...

November 1st, 2022

Central Trust and Mercantile Trust revise lending criteria
Central Trust and Mercantile Trust, the intermediary lending brands of the Norfolk Capital Group of Companies, have announced changes to their lending...

November 1st, 2022

Mini-budget crushes mortgage demand: Bank of England
Mortgage approvals for new purchases dropped significantly to 66,800 – from 74,400 in August. The effective interest rate on mortgages rose 29 basis...

October 31st, 2022

A proactive approach now is vital – comment on the BoE money and credit figures for September
Following the BoE figures this morning, Richard Pike, Phoebus Software chief sales and marketing officer, says “This is the first sign that housing is being...

October 31st, 2022

BoE Money and Credit comment
Commenting on the Bank of England Money and Credit data https://www.bankofengland.co.uk/statistics/money-and-credit/2022/september-2022, Simon Webb, managing...

October 31st, 2022

Expert commentary on BoE Money and Credit announcement – October 2022
“In the face of double-digit inflation, a looming recession, and the biggest interest rate rise for 33 years, today people are facing a nail-biting wait to...

October 31st, 2022

Demand for financial tools to tackle cost of living skyrockets — but Brits still unaware of open banking
The overwhelming majority of UK consumers and businesses have turned to financial tools and applications to cope with the cost-of-living crisis, according to...

October 31st, 2022

Advance Fee Fraud Sees Tenfold Increase as Scams Get More Sophisticated
“The latest quarterly figures from the Office for National Statistics show that fraud, overall, returned to pre-pandemic levels at the end of June 2022....

October 28th, 2022

Sekura and Provenir Partner to Fortify Fraud Protection for the Financial Services Industry via Mobile Intelligence
Parsippany, NJ — Provenir, a global leader in AI-powered risk decisioning software, today announced it has entered into a global partnership with Sekura...

October 28th, 2022

Napier introduces advanced financial crime risk management platform, Napier Continuum
Napier, provider of leading anti-money laundering and compliance technology, today launched a new advanced financial crime risk management platform that offers...

October 26th, 2022

Public are warned to stay alert to fraud as the majority of people look for opportunities to make money as a result of the rise in the cost of living
UK Finance’s Take Five to Stop Fraud campaign is warning people to be alert to potential fraud, as more than half of the public (56 per cent) said that they...

October 26th, 2022

A global recession is coming in 2023: deVere CEO
A global recession is coming in 2023 and you should act now to protect your investments, warns the CEO of one of the world’s largest independent financial...

October 25th, 2022

Utimaco shines a light on automotive security this Cybersecurity Awareness Month
Aachen, Germany – Utimaco, a leading global provider of IT security solutions, is placing a strategic focus on cybersecurity in the automotive industry,...

October 25th, 2022

Budget range inflation hits 17%: unreliable prices hit families
The prices of supermarket budget ranges are up 17% in the year to September – slightly more than the 15% rise in the official price of food. This is a huge...

October 25th, 2022

Struggling to keep the lights on: ONS impact of cost-of-living crisis
The ONS measured whether people were struggling with energy bills, rent or mortgage – and whether they were behind with payments. 45% of us found it...

October 25th, 2022

Lack of trust in tech leaves firms open to money laundering
A “worrying” mistrust in technology is making some regulated firms vulnerable to financial crime, an anti-money laundering expert has warned. Multi-sector...

October 25th, 2022

Credit Suisse fined €238 million by France for breaking money laundering laws – comment
Credit Suisse has agreed to pay France €238 million to settle claims that the bank broke laws on money laundering by luring clients to Switzerland. Richard...

October 24th, 2022

Rishi Sunak’s relief rally won’t last
The UK’s new Prime Minister Rishi Sunak will enjoy a honeymoon period and a relief rally in the markets, but it won’t last very long, warns the CEO of one...

October 24th, 2022

Landbay launches five-year fixed rate products with variable fees
Landbay has launched a range of five-year fixed rate buy-to-let products with variable fee options which will help cater for challenging rental calculations....

October 24th, 2022

Will SDLT changes survive the next fiscal update? – comment
“Once again the housing market defies expectations, even in this volatile economic environment the non-seasonally adjusted figures remain the same as in...

October 21st, 2022

HMRC property transaction data comment from LiveMore
Following the latest release of the HMRC monthly property transaction...

October 21st, 2022

Just Mortgages comment on this morning’s HMRC Housing Transaction stats
“It’s important to recognise that a year-on-year comparison is still something of an anomaly due to the stamp duty holidays creating transaction peaks so...

October 21st, 2022

TransUnion Launches New Eligibility for Retail Ecommerce Solution
TransUnion, a global information and insights company, has unveiled its new Eligibility for Retail Ecommerce solution that offers retailers a view on customer...

October 20th, 2022

Liz Truss resigns – statement from Simon Webb at LiveMore Capital
“The resignation of Liz Truss throws the country into further turmoil just as the markets were starting to settle down. The term “we need a grown up in...

October 20th, 2022

Creditinfo launches ESG data platform
Reykjavík / London – Creditinfo Group, the leading global service provider for credit information and risk management solutions, has today announced the...

October 20th, 2022

Regulated firms are learning the compliance lesson
The new round of fines dished out to 68 estate agents by HMRC for breaches of anti-money laundering rules might make it appear that many regulated firms are...

October 20th, 2022

Rental yields steady but landlords likely to ‘bide time’ on purchasing – Fleet Mortgages Q3 Rental Barometer
Fleet Mortgages, the buy-to-let specialist lender, has today released the latest iteration of its Buy-to-Let Rental Barometer covering Q3 2022 rental yields...

October 19th, 2022

Inflation gorges on grocery price hikes, and eats savings alive – but there’s hope
CPI inflation rose back into double figures again in September – 10.1%. This month’s inflation tends to be the basis of rises in benefits – as well as...

October 19th, 2022

Inflation comment from LiveMore
“The slight drop in inflation last month has been reversed with September’s double digit print and inflation remaining at a 40-year high. “One of the...

October 19th, 2022

Experian and NewDay partner
Experian Boost data will now be included in NewDay’s credit card decisioning process – enabling Boost users to receive more competitive rates at a time...

October 18th, 2022

Credit myths: 79% of Brits admit to falling victim to financial fiction
With more Brits enquiring about applying for credit1 over the past 12 months, a new study by car finance experts, Zuto aims to debunk some of the most common...

October 17th, 2022

Sidetrade takes home two industry awards
Global AI-powered Order-to-Cash platform, Sidetrade, has taken home two industry-leading awards in recent weeks at the Irish Credit Team Awards and the Cloud...

October 17th, 2022

Will markets steady enough for lenders to reprice and reintroduce? – Jeremy Hunt’s statement – comment
“Jeremy Hunt’s speech is a huge U-turn for the government and basically puts us back to the position we were in before the mini budget. It is positive that...

October 17th, 2022

Expert comment: Chancellor’s focus on reducing the debt to GDP ratio should aid pound’s recovery
“The Chancellor’s announcement this morning is a boost for the pound’s recovery, which is largely down to the Government’s proposed...

October 17th, 2022

Firms turn to tech and data to solve Consumer Duty woes as 38% admit limited knowledge of new legislation
Firms are overwhelmingly turning to technology in order to surface data and insights that solve the challenge set by the FCA’s new Consumer Duty according to...

October 17th, 2022

Criteria index reveals changing borrower circumstances
As the UK mortgage sector struggles with the uncertainty of future rate rises, tax changes and the cost-of-living crisis, broker’s criteria searches reveal a...

October 17th, 2022

Digitalisation and Artificial Intelligence: 5 Keys to Success
Machine learning, language processing, robotics – the artificial intelligence toolbox offers a range of smart instruments that enable machines to act...

October 14th, 2022

Estate agents buckle under compliance pressure – comments on AML fines for agents
Following the news that HMRC has fined 68 estate agents more than £500,000 for AML breaches, Martin Cheek, managing director of SmartSearch said: “Once...

October 13th, 2022

UK Finance calls for urgent action from all sectors as fraud continues to threaten the UK
UK Finance today releases its latest fraud report covering the first half of 2022. This report shows that while the end of the pandemic has seen a fall in...

October 13th, 2022

UK Finance warns consumers to be cautious of fraudulent investment opportunities
As the rising cost of living becomes a concern in many households, UK Finance’s Take Five to Stop Fraud campaign is today warning consumers to watch out for...

October 13th, 2022

Shocking report reveals huge money-laundering loophole
An anti-money laundering expert is backing calls for reform of the UK’s company registration system after a shocking report this week revealed that thousands...

October 13th, 2022

BuildLoan increases its range of exclusive self and custom-build products
Specialist self and custom-build mortgage distributor BuildLoan today announces a new range of products funded by Hinckley & Rugby Building Society. The...

October 12th, 2022

Countrywide Surveying Services renews Lead Valuer and Panel Manager agreement with Leeds BS
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced the renewal of its partnership with...

October 12th, 2022

Finance Industry Experts Explore Next-Gen Lending and Credit Inclusion at TransUnion Summit
Global information and insights company TransUnion recently hosted its UK Summit, bringing together leading names from banking, fintech and more, to discuss...

October 12th, 2022

Homebuyer and sellers undeterred by current market uncertainty
The latest gauge of property market sentiment by London lettings and estate agent, Benham and Reeves, has found that despite the turbulence of the last few...

October 12th, 2022

Jaywing grows consulting team with Dr Steve Finlay, credit risk and machine learning expert
Risk and Data Consultancy, Jaywing, has appointed credit risk and machine learning expert, Doctor Steve Finlay, as lead consultant to strengthen the...

October 11th, 2022

Fluro secures £200m to fund new lending
Fluro, the UK consumer lender previously known as Lending Works, today announced a landmark £200 million financing partnership with BNP Paribas. Established...

October 11th, 2022

Fleet Mortgages relaunch five- and seven-year fixes, new Trackers plus new Green Mortgage options
Fleet Mortgages, the buy-to-let specialist lender, has today announced the relaunch of its five- and seven-year fixes, plus new Trackers and Green Mortgage...

October 11th, 2022

SmartSearch announces appointment of new VP of enterprise sales
SmartSearch, the leading UK provider of anti-money laundering (AML) software has appointed Zowie Lees-Howell as their new vice president of enterprise sales....

October 11th, 2022

How to support vulnerable customers this winter + H&T Pawnbrokers case study
MaxContact has revealed the challenges faced by vulnerable customers seeking support from customer service teams. According to the Financial Conduct Authority...

October 7th, 2022

Halifax HPI: Prices fall even before September’s chaos
In September, house prices were up 9.9% in year. It’s the first time that annual rises have been in single digits since January. Prices were down 0.1% in a...

October 7th, 2022

Napier AI appoints industry leader as global head of corporate development
Napier, a global end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced the appointment...

October 6th, 2022

Norton Home Loans recruits roving Underwriter
Norton Home Loans has recruited Mandy Westby to become a roving Underwriter, working with brokers to help identify solutions for their hard to place cases....

October 6th, 2022

Scottish Building Society adopts ADP
LendingMetrics, the company behind the intelligent decisioning platform ADP is delighted to announce that it has been appointed by Scottish Building Society to...

October 3rd, 2022

Homebuyer demand levels drop in Q3
The latest Homebuyer Hotspots Demand Index by estate agent comparison site, GetAgent.co.uk, has revealed that buyer demand levels were on the decline in the...

October 3rd, 2022

Stronger protection for victims of APP Fraud
It has been reported that banks and building societies will have stronger incentives to prevent scams happening in the first place, as well as having to...

October 3rd, 2022

Mortgages bounce back: Bank of England
Mortgage approvals for new purchases rebounded to 74,300 – up from 63,700 in July. It reverses a downward trend we’ve seen for several months. The...

September 30th, 2022

Expert commentary on BoE Money and Credit announcement
“The aftershocks from last week’s fiscal policy reforms continue to reverberate across the country. A pound in disarray, followed by strong rhetoric from...

September 30th, 2022

Fintech Paylink Solutions launches new website to coincide with release of next generation Embark affordability software
It’s an exciting time for fintech Paylink Solutions, who has recently launched not only the next generation of its market-proven affordability software, but...

September 30th, 2022

Foundation Home Loans launches new buy-to-let range including improved two-year discounts
Foundation Home Loans, the intermediary-only specialist lender, has today announced a new range of buy-to-let mortgages. The lender has reduced its F1 75%...

September 30th, 2022

Knowledge Bank introduces daily updates and live product banners to help brokers navigate current mortgage turmoil
The UK’s largest criteria search system, Knowledge Bank is once again stepping in to help brokers navigate the rapidly changing mortgage market as it...

September 30th, 2022

Redwood Bank launches fixed rate mortgages
A specialist business bank has launched its first fixed rate mortgages to support its business customers through the current challenging economic conditions....

September 29th, 2022

Call for urgent Universal Credit reform as one in five reliant on savings to pay bills
Urgent reform of Universal Credit (UC) is needed to provide support to vulnerable households, according to responsible lender Creditspring, as nearly a third...

September 29th, 2022

Judging Panel of International Industry Experts Announced For 2023 FICO Decisions Awards
FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards, which honor businesses achieving outstanding results using analytics...

September 29th, 2022

PSR sets out proposals to give greater protection against APP scams
On 29 September, the PSR published its latest consultation that will usher in greater protections from Authorised Push Payment (APP) scam losses and will see...

September 29th, 2022

Allica Bank breaks into profitability
SME fintech lender Allica has reached profitability in close to record time according to CEO Richard Davies, who has announced the bank has been profitable on...

September 29th, 2022

Equifax names new UK Chief Commercial Officer
Equifax, leading global data, analytics, and technology company, is today announcing the appointment of David Wilson, as Chief Commercial Officer of Equifax...

September 28th, 2022

Experian Fraud Score aims to boost fraud prevention in the UK
Experian has announced the launch of Experian Fraud Score, a next generation fraud prevention solution which will help businesses of all shapes and sizes to...

September 28th, 2022

Physical ID is stopping us from ditching our wallets for good
A third of shoppers (33%) would be flattered if asked for ID when purchasing age-restricted products, a new study has found. A poll of 2,007 adults showed that...

September 27th, 2022

Channel adopts AI driven SME risk decisioning
Channel Digital Holdings (Channel) has announced a global strategic partnership with AdviceRobo to accelerate the use of Artificial Intelligence (AI) within...

September 27th, 2022

Foundation Home Loans reappraises residential mortgage credit tiers
Foundation Home Loans, the intermediary-only specialist lender, has today announced the reappraisal of its residential mortgage credit tiers, including the...

September 27th, 2022

Feedzai named in IDC MarketScape for Responsible Artificial Intelligence in financial crime management
Lisbon, Portugal & London, UK – Feedzai, the world’s first RiskOps platform for financial risk management, announced that it has been named as a leader...

September 27th, 2022

Feedzai Appoints David Henshall to its Board of Directors
San Mateo, Calif. & Lisbon, Portugal – Feedzai, the world’s first RiskOps platform for financial risk management, today announced the appointment of...

September 27th, 2022

Redwood Bank continues relationship with Jaywing through the uptake of Echelon
Established Jaywing client and specialist lender, Redwood Bank, will use Echelon, Jaywing’s SAAS risk technology framework, to process credit...

September 26th, 2022

IE Hub Joins Forces with StepChange and C&R Software to Support Consumers in Financial Hardship
A transformational new partnership between industry leaders will deliver an innovative and low-friction approach to empowering consumers in problem debt....

September 26th, 2022

Budget response: more needs to be done as demand for credit is up
“We’ve seen considerable growth in demand for credit over the last year, with card enquiries up 48% from August 2021 to August 2022, which indicates...

September 26th, 2022

Monevo Launches Credit Cards on UK Platform, Powered by TransUnion
Monevo has announced the launch of credit card products on its UK platform, to help improve access to credit for UK consumers. The leading personal credit...

September 26th, 2022

CPS welcomes Government’s plan for growth
The Centre for Policy Studies (CPS) has welcomed the Government’s new growth plan, announced to Parliament this morning. While acknowledging the daunting...

September 23rd, 2022

A focus on vulnerability: comment on Bank of England interest rate decision
Following the Bank of England’s decision to raise interest rates for the seventh successive time from 1.75% to 2.25%. Andrew Gething, managing director of...

September 22nd, 2022

Bank of England caught between a rock and a hard place
Bank of England tightens monetary screws, increasing the base rate by 0.5 percentage points. Rates now the highest since December 2008. The committee voted 5-4...

September 22nd, 2022

One thing the Chancellor can’t fix – Comment on the MPC interest rate decision
“This was probably the worst kept secret this week, that and the expected cut to stamp duty tomorrow. While we were expecting it this rise, although not...

September 22nd, 2022

Regulated firms giving a “green light” to Russians
Almost one in five (17 per cent) regulated firms admit to not checking new customers against sanctions or Politically Exposed Person (PEP) lists, a new survey...

September 22nd, 2022

Financial compliance platform Napier announces new CEO
Napier, a global end-to-end intelligent compliance platform and provider of advanced financial crime risk management solutions, has announced that its current...

September 22nd, 2022

Hope Capital launches new collection and introduces reduced fixed rates
Specialist short-term lender, Hope Capital, has taken on board the feedback received from brokers and borrowers and streamlined its overall proposition to...

September 21st, 2022

SmartSearch comments on arrest of Europe’s biggest money launderer
As Europol announce the arrest of one of Europe’s biggest money launderers, we have a comment from Martin Cheek, managing director of SmartSearch, a leading...

September 16th, 2022

How a Mini-Budget could boost financial resilience – and how it risks leaving us worse off
The Mini-Budget is expected on Friday 23 September. Sarah Coles, senior personal finance analyst, Hargreaves Lansdown said: “We’ll see a major change of...

September 16th, 2022

Saudi Credit Bureau (SIMAH) Enables Millions More Consumers to Access Bank Loans After Introducing FICO Score
The Saudi Credit Bureau (SIMAH), a leader in credit bureau information management in the Middle East and North Africa (MENA), has administered the successful...

September 15th, 2022

Regulated firms waste hours on manual identity checks
Regulated firms using manual methods of verification to onboard new individual customers are wasting hours of business time in the process, new data shows. And...

September 15th, 2022

Banking and Insurance Ratings Added to Fossil Free Funds
Berkeley, CA – As You Sow today released new Fossil Free Finance and Insurance ratings that score mutual funds and ETFs based on their investments in...

September 15th, 2022

3x Y-o-Y increase in ARR, new Credit Analysis™ features, and AI-powered bank statement automation enables businesses to approve more customers
San Fransisco – Inscribe, the award-winning fraud detection and document automation platform, today announced that it has released new features to help...

September 15th, 2022

DDoS attacks on financial sector surge during war in Ukraine, new FCA data reveals
Picus Security, the pioneer of Breach and Attack Simulation (BAS) technology, today released cyber incident data obtained from the UK’s Financial Conduct...

September 14th, 2022

Petrol price drop puts the brakes on runaway inflation
CPI inflation fell to 9.9% in August – down from 10.1% in July. Petrol price drop applies the brakes on accelerating inflation. Groceries still feeding...

September 14th, 2022

Comment: ONS inflation rate
Following the latest ONS data on the rate of inflation, Personal Finance Expert, Laura Howard of Forbes Advisor, says: “The annual rate of inflation may have...

September 14th, 2022

No time for celebration despite unexpected ease in inflation
Annualised inflation (as measured by CPI) slowed marginally in August to 9.9%, down from 10.1% in July. That reflects a moderation in the price of motor fuels,...

September 14th, 2022

Inflation comment from LiveMore
“Rather unexpectedly, CPI inflation fell by 0.2% in August, down to 9.9%. Now that the energy price cap has been reduced by the new government to £2,500...

September 14th, 2022

PKO Bank Polski Embraces Technology-First Branch Transformation with Diebold Nixdorf
Warsaw, Poland and Hudson, Ohio – PKO Bank Polski has partnered with Diebold Nixdorf (NYSE: DBD), a world leader in automating, digitizing and...

September 14th, 2022

Fleet Mortgages launch new Green mortgages and reintroduce 65% LTV range
Fleet Mortgages, the buy-to-let specialist lender, has today (13th September 2022) announced the launch of new buy-to-let Green Mortgages and the...

September 13th, 2022

Zephyr Homeloans funds £13m landlord refinance involving 58 properties
Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced it has funded a £13m portfolio landlord refinance – one of the largest to...

September 13th, 2022

Shaping the BoE’s interest rate decisions – comment
Following the GDP announcement this morning, Richard Pike, chief sales and marketing officer at Phoebus Software says “We have seen a 0.2% uplift in GDP in...

September 12th, 2022

European Financial Institutions Face ‘Frightening’ Open Banking Risks, Konsentus Warns
Konsentus, a leading global SaaS company enabling safe and secure data exchange, has issued an urgent warning about the serious risks facing European financial...

September 9th, 2022

Jaywing partners with world leader in economic forecasting, Oxford Economics
Risk and data science consultancy, Jaywing, has launched a new collaboration with leading global advisory firm, Oxford Economics. The partnership aims to...

September 9th, 2022

Burges Salmon appoints new senior technology and data specialist
Burges Salmon is pleased to announce the appointment of Martin Cuell as a Consultant in its Technology practice. Prior to this, Martin led the Technology...

September 7th, 2022

Home improvements and debt consolidation drop as the reasons for taking out a RIO mortgage in 2022
New data from specialist lender Hodge has discovered the reasons its customers take out a RIO mortgage have changed significantly in the past 12 months. When...

September 6th, 2022

Why has bridging loan borrowing increased by 22% in the past year?
Market analysis by mortgage broker, Henry Dannell, reveals that the total value of bridging loan lending in the UK has increased by 22% in the past year alone,...

September 6th, 2022

UK Leads Europe in Card Fraud Loss Reduction with £49 Million Drop in 2021
The 2021 European Fraud Map produced by global analytics firm FICO, with data from Euromonitor International and UK Finance, shows the United Kingdom and the...

September 6th, 2022

Foundation Home Loans launches Special Edition Green BTL two-year discounts
Foundation Home Loans, the intermediary-only specialist lender, has today extended its ABC+ Green mortgage range with the addition of a set of Special Edition...

September 6th, 2022

Regulated firms running gauntlet with hard copy identification
Almost two thirds of regulated firms believe hard copy documents provide reassurance a customer is genuine, latest anti-money laundering data has revealed....

September 2nd, 2022

MotoNovo Hit an All Time High in Motorcycle Financing
While the broader market for new motorcycles, excluding mopeds, fell by 11.9%, MotoNovo Finance delivered a record month of lending for motorcycles. It has...

September 1st, 2022

Access FS launches its latest academy to bring mortgage brokers into the industry
Mortgage and protection broker, Access Financial Services (Access FS), is launching its next academy on the 12th September. Access FS is increasing the number...

August 31st, 2022

Overcoming the Risk of Relying on Email for Law Firms
Reliance on email is a standard business practice in order to effectively communicate both internally and externally. This has proven to be of utmost...

August 26th, 2022

Comment on HMRC property transactions
Following the latest release of the HMRC monthly property transaction figures, Karl Wilkinson, CEO of Access FS said: “Whilst the year-on-year numbers may be...

August 23rd, 2022

Common sense must prevail – comment on the HMRC property transactions
Following the property transaction figures from HMRC today, Richard Pike, chief sales and marketing officer at Phoebus Software, says “Looking at the...

August 23rd, 2022

Regulated firms planning a big technology switch
More than 80 per cent of regulated firms in the legal, property and finance and banking sectors are considering a switch to electronic verification of their...

August 23rd, 2022

Key and MorganAsh collaborate to lead the Later Life Lending sector on vulnerability
Key has agreed to work collaboratively with MorganAsh on a pilot scheme to use its new adviser tool to support later life lending advisers in identifying,...

August 22nd, 2022

Funding Xchange warns Lenders that returning to their Pre-Crisis Lending Assessments will leave them Exposed
In the latest quarterly FXE Lending Monitor, Funding Xchange, the leading provider of digital SME lending solutions, identifies the risk of returning to...

August 19th, 2022

Retail sales up 0.3% in July
Retail sales up 0.3% in July, following a fall of 0.2% in June. In the three months to July, sales volumes fell by 1.2% when compared with the previous three...

August 19th, 2022

UK Fraudsters Focusing on Financial Services and Insurance Industries
Quarterly fraud analysis from global information and insights provider TransUnion found that the rate of suspected digital fraud attempts coming from the UK...

August 19th, 2022

Latest UK Finance Figures Point To Rising Credit Card Spend
“The latest figures from UK Finance illustrate the impact the cost of living crisis is having on UK consumers, with credit card spend up 33.1% and...

August 18th, 2022

Industry reaction from Dun & Bradstreet on UK inflation hitting 10.1%
Following today’s news that inflation passed 10% and hit a new 40-year high last month, Tommaso Aquilante, Associate Director of Economic Research at Dun...

August 17th, 2022

Confidence falls significantly as costs rise and inflation bites
The Savanta Business Confidence Index saw a significant decline this quarter from 49 in Q1 2022 to 41 in Q2 2022 due to several issues: supply chain...

August 17th, 2022

First-time buyer deposit climbs 41% in the last decade
The latest market analysis by estate and lettings agent, Barrows and Forrester, has revealed that even after adjusting for inflation, the average British...

August 17th, 2022

JBR Capital hails record month, loaning £27 million in July to fellow automotive enthusiasts
Leading automotive finance provider, JBR Capital, continues to accelerate throughout 2022 as the company marks a record month-long period since its...

August 17th, 2022

Mortgage transactions fall 33% since first interest rates hike in December of last year
Industry analysis by specialist property lending experts, Octane Capital, has revealed that since the Bank of England began to increase interest rates in...

August 17th, 2022

Home sellers sitting tight as stock levels drop -12.5% so far in 2022
The latest data release by estate agent comparison site, GetAgent.co.uk, has revealed which postcodes are currently ranking as the nation’s home selling...

August 16th, 2022

Wage woes today and joyless jobs market tomorrow
After inflation, real pay (including bonuses) fell by 2.5% and regular pay, excluding bonuses, was down 3%. It’s another record drop in real regular pay....

August 16th, 2022

Mortgage transactions to fall by -6% as interest rate hikes put strangle hold on borrowing
Market analysis by mortgage broker, Henry Dannell, reveals that mortgage activity is forecast to fall by -6% in 2022 as the market feels the brunt of interest...

August 16th, 2022

Trustfolio partners with Equifax to offer debt advisers instant access to bank transaction data
Trustfolio Ltd, the ‘debt-tech’ collective behind the Debt Adviser Support Portal and other digital tools for creditors and third parties designed to...

August 16th, 2022

Feedzai together with Lloyds Banking Group recognized as a Aite-Novarica Group 2022 Fraud Impact Award Winner
San Mateo, Calif. & Lisbon, Portugal – Feedzai, the world’s first RiskOps platform for financial risk management has been named Best Transaction Fraud...

August 16th, 2022

Recognise Bank agrees £2.6m Buy-to-Let deal
Recognise Bank has agreed a £2.6 million refinance package for Caldew Court, a 35-unit mixed residential development in Carlisle, consisting of 15 two-storey...

August 15th, 2022

Proactive behaviour will certainly give early sight of potential problem cases – comment
“Today’s GDP figures really do highlight the volatility of the economy and create many questions. A reduction on the previous three months isn’t a huge...

August 12th, 2022

Broad based weakness sees the UK economy grind to a halt in Q2 2022
GDP fell by 0.1% for three months ending 30 June 2022. Follows growth of 0.8% in Q1 2022. UK GDP is now 0.6% above its pre-coronavirus level in Q4 2019....

August 12th, 2022

How Financial Organisations can Stay Protected from Financial Data Breaches
Email is a crucial function of business communication, which many organisations strongly rely upon. But as the pandemic brought a new world of remote and...

August 12th, 2022

New home completions reach pre-pandemic levels
Housebuilders completed 40,289 new homes in the second quarter of 2022 – a 16 per cent year-on-year increase, according to the National House Building...

August 11th, 2022

New inflation research – comment
“A stronger US dollar will not be enough to rein in inflation in the US. Policies to liberalise trade and thus lower the cost of trade have been considered...

August 11th, 2022

The Right Mortgage & Protection Network relaunch their ASU product
The Right Mortgage & Protection Network have recently relaunched their new look ASU proposition following the pandemic. As part of this proposition, they...

August 10th, 2022

The Holy Grail for Lending
Ask any mortgage or credit provider to name their top ten customer origination challenges and you’ll find these answers featuring prominently: Conversion...

August 10th, 2022

Data breaches costing UK £4bn per year – driven by increase in identity fraud
Credas Technologies has revealed that identity theft is the driving factor behind more than 28 million data breaches across the UK since 2013, breaches that...

August 10th, 2022

Partnership will protect boat sales from money launderers
Boat sales in the UK will be protected from money-laundering criminals after a major technology deal has been secured for brokers and agents. The Association...

August 10th, 2022

Credit card rates hit highest level since 1998
With credit card borrowing growing at its fastest pace since 2005, analysis from Freedom Finance, one of the UK’s leading digital lending marketplaces, finds...

August 9th, 2022

Later-life borrowers are getting younger – average age of Hodge 50+ mortgage customer drops significantly in past five years
New data from specialist lender Hodge has found the average age of its 50+ mortgage customer has dropped by eight years since 2017. Analysing data from the...

August 8th, 2022

Industry reaction on UK falling into recession
As the Bank of England has hiked interest rates to 1.75%, the most in 27 years and warns that the UK will enter recession this year, Tommaso Aquilante,...

August 5th, 2022

New BoE paper on operational resilience of critical third parties vital to prevent growing cyber risks – comment
With the Bank of England (BoE) publishing its discussion paper on regulatory standards foroperational resilience of critical third parties, David Feltes,...

August 4th, 2022

Second charge mortgage new business volumes grew by 24% in June 2022
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

August 4th, 2022

Acquis Equipment Leasing Index: UK companies hold steady despite economic onslaught
In a harsh economic environment, UK businesses are on aggregate holding firm on last year’s position and signing a comparable number of new deals to lease...

August 4th, 2022

Foundation Home Loans launches buy-to-let ‘Summer Special’
Foundation Home Loans, the intermediary-only specialist lender, has today (Thursday 4 August) announced the launch of a ‘Summer Special’ which sees a 40bps...

August 4th, 2022

SmartSearch technology keeps crypto car sales safe
Europe’s biggest cryptocurrency automotive marketplace has combined with the UK’s leading anti-money laundering (AML) software provider to offer the...

August 4th, 2022

Hampshire Trust Bank increases maximum loan size across Specialist Buy to Let ranges
Hampshire Trust Bank (HTB) has enhanced its specialist buy-to-let offering, which includes Limited Company, HMOs and Semi-Commercial, by increasing its maximum...

August 3rd, 2022

Dean Clark joins the Right Mortgage and Protection
The Right Mortgage and Protection Network continue their strong recruitment plans following a sustained period of growth. Dean joins the Network’s compliance...

August 3rd, 2022

eConveyancer strengthens partnership with L&C
eConveyancer has strengthened its partnership with L&C Mortgages, launching a new software integration with the firm, using the award-winning platform to...

August 2nd, 2022

Experian partners with DQ Global to help tackle the rise of UK financial crime
A desire to reduce the risk of financial crime (FinCrime) is behind an exciting new partnership between Experian and, leading CRM data quality experts, DQ...

August 2nd, 2022

Armis joins UK Finance to bolster financial sector cyber resilience
Armis, the leading unified asset intelligence platform, today announced it has joined the premier industry body for financial services in the UK, UK Finance,...

August 2nd, 2022

Bank of England June Net Lending Commen
Following the announcement from the Bank of England on 29th July 2022 that net mortgage lending fell to £5.3bn in June from £8bn in May. John Phillips,...

July 29th, 2022

Comment on the Bank of England money and credit results for June
“The drop in mortgage borrowing by some £2.7 billion heralds the move towards the slower time for house purchases during the summer months. “However,...

July 29th, 2022

Rising house prices and thinly stretched finances – comment
Following the figures from the BoE this morning, Richard Pike, Phoebus Software sales and marketing director, says “There is no doubt that things are getting...

July 29th, 2022

UK average rents increased more than 8% over last year
UK rents rose by 2.47% (£849 to £870) during Q2 2022, the largest quarterly increase during the fifteen years that The Deposit Protection Service (The DPS)...

July 29th, 2022

Half of UK Consumers Reduce Discretionary Spending Amidst Cost of Living Pressures, Although Financial Resilience Remains Strong
Half of UK consumers have cut back spending to cope with the cost of living crisis, although financial resilience appears robust, according to figures revealed...

July 28th, 2022

Foundation Home Loans launch new Limited Edition residential fee assisted products
Foundation Home Loans, the intermediary-only specialist lender, has today launched two new fee assisted Limited Edition residential products. Available as part...

July 28th, 2022

UK inflation 68% higher than official numbers
Truflation, a FinTech delivering accurate, real-time inflation figures, has launched its UK index showing CPIH inflation running at 13.8%. This is 68.3% higher...

July 28th, 2022

Loughborough Building Society launches First Homes Mortgage
Loughborough Building Society has launched a mortgage to support homebuyers using the Government’s First Homes Scheme. The scheme is designed to make it...

July 28th, 2022

Central Trust launches fmily let and let-to-buy product ranges
Central Trust, the first and second charge mortgage lender, has today (27 July 2022) launched a Family Let and Let to Buy range. The family let range will be...

July 27th, 2022

How Enterprises are Prioritising Digital Resiliency
Today’s enterprises have faced a higher pace of change over the last few years, as existing digital transformation strategies were catalysed by the...

July 27th, 2022

Backing British business pays as Redwood Bank announces first profit
An award-winning bank has reaped the rewards of continuing to lend to British businesses throughout the pandemic by reporting its first profit. When other...

July 26th, 2022

Finance and banking firms failing to detect criminal “ghosts”
Almost half (45 per cent) of finance and banking firms are failing to carry out crucial “ghost-buster” checks on new business clients, newly released data...

July 26th, 2022

Latest ONS Figures Points to Rising Digital Fraud
“The latest figures from the Office for National Statistics confirm that fraud levels remain persistently high. The data shows a 25% increase compared with...

July 25th, 2022

Today’s ONS retail sales figures for June – comment
“Despite the long Jubilee bank holiday weekend at the start of June, today’s ONS retail sales data shows that consumers are feeling the pinch from the...

July 22nd, 2022

Bloomberg Enhances Communications Compliance with Insightful Technology’s Soteria Capture and Surveillance Suite
NEW YORK – Bloomberg today announced a strategic investment in, and a commercial collaboration with, London-based Insightful Technology, the owners and...

July 21st, 2022

Tuscan Capital enhances fast track bridge process with introduction of free AVMS
Tuscan Capital, the short-term property finance specialist, has announced the addition of a free AVM option to its new Fast Track process, aimed at saving...

July 21st, 2022

Foundation Home Loans welcomes applications with new buy-to-let limited edition product
Foundation Home Loans, the intermediary-only specialist lender, has today launched a new buy-to-let limited edition product. Available as part of its F1...

July 21st, 2022

FICO and Israel’s Open-Finance.ai Partner to Transform Decision-Making Speed and Precision in Credit and Insurance
Global analytics software provider FICO announced today a partnership agreement with Israel’s Open-Finance.ai, a risk, finance and compliance software...

July 21st, 2022

Over Half of European Businesses Believe Data Will Become More Important Than Business Relationships, Study Finds
In the wake of the pandemic, which disrupted and digitised business operations like never before, ways of working have changed dramatically. Research...

July 21st, 2022

Landbay launches 10-year fixed rate mortgage
Landbay is extending its buy-to-let range for intermediaries and their landlord clients with the launch of its first 10-year fixed rate mortgage range. To...

July 21st, 2022

Over two thirds of property professionals remain confident about their business over the next 12 months
A webinar poll undertaken by Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, found that over two...

July 20th, 2022

Al Rajhi Bank Malaysia partners with Feedzai to provide avant-garde security for its digital bank
Feedzai, the world’s first RiskOps platform for financial risk management, and Al Rajhi Bank Malaysia (ARBM) have announced a partnership which will see...

July 20th, 2022

TransUnion Appoints Dominic Goslett as Chief Revenue Officer in the UK
TransUnion, a global information and insights provider, has appointed Dominic Goslett as chief revenue officer in the UK, where he will be leading the...

July 19th, 2022

Cost of borrowing jumps again for major consumer credit products – latest Bank of England data
The latest Bank of England household interest rate figures reveal the cost of borrowing continued to increase in June across consumer credit products following...

July 19th, 2022

FICO and Network International Build on Partnership to Help Middle East and Africa Lenders Expand Digital Economy
Global analytics software provider FICO and Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), announced...

July 18th, 2022

Landbay and Phoenix Group announce new funding partnership
Specialist buy-to-let lender, Landbay, and the UK’s largest long-term savings and retirement business, Phoenix Group, have formed a strategic partnership to...

July 18th, 2022

Debt demand booms but banks tighten purse strings: Bank of England
Demand for lending on credit cards and loans rose between April and June, and demand for cards is expected to do so again through the summer, as rising prices...

July 15th, 2022

Fleet Mortgages’ Q2 Rental Barometer reveals steady yields across England & Wales
Fleet Mortgages, the buy-to-let specialist lender, has today released the latest iteration of its Buy-to-Let Rental Barometer covering Q2 2022 rental yields...

July 15th, 2022

OMS integrates with Click2Check
One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has integrated with Click2Check’s online solution...

July 13th, 2022

Recognise Bank implements RiskNarrative to Transform Customer Onboarding
Recognise Bank, the fintech powered business lender and savings provider, has partnered with TruNarrative, a LexisNexis® Risk Solutions company, to completely...

July 12th, 2022

FICO UK Credit Card Market Report May 2022
FICO’s report of May 2022 UK card trends suggests that whilst cost-of-living pressures are definitely starting to have an impact, cardholders are also taking...

July 12th, 2022

MorganAsh announces new partnership with Infinian
MorganAsh, the specialist data supplier allowing firms in the financial services sector to manage consumer vulnerability and meet regulatory requirements,...

July 12th, 2022

Gap between the average cost of a first home and first-time buyer borrowing eligibility means market is unaffordable for majority of Brits
Research by Stipendium, the platform that simplifies life’s complex events, has revealed the tough task facing the nation’s first-time buyers, when it...

July 11th, 2022

Second charge mortgage new business volumes grew by 43% in May 2022
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

July 6th, 2022

Renewables lender Propensio Finance Secures £50m of new funding
High street bank NatWest has led a substantial debt funding round into Propensio Finance, adding significant firepower to the company’s mission of providing...

July 6th, 2022

Credit Building Score Mastercard® by DND Finance the First Shariah-certified Credit Card in the UK
DND Finance is proud to announce that the Score Mastercard®, the only secured credit card available in the UK, is also the only Shariah-certified credit card...

July 6th, 2022

Hodge announces residential mortgage re-entry
Hodge has re-entered the residential mortgage market for its 50+, RIO and holiday let mortgages, after a short break from new business. Having experienced...

July 4th, 2022

Has Confirmation of Payee Reduced APP Fraud?
Originally announced in October 2018 but not made mandatory at major banking groups until June 2020, Confirmation of Payee (CoP) took a considerable amount of...

July 1st, 2022

No wonder that kleptocrats continue to wash dirty money in the UK – Comment on the Foreign Affairs Select Committee’s ‘damning report’
Following the news today of the Foreign Affairs Select Committee’s damning report on the UK’s continuing failure to tackle Russian kleptocrats laundering...

July 1st, 2022

CHL Mortgages launches Buy-To-Let refurbishment range
CHL Mortgages has introduced a buy-to-let refurbishment product range which is designed to help landlords improve the energy rating of their rental stock...

July 1st, 2022

Money-laundering loopholes missed by property firms
Up to 70 per cent of property firms surveyed for an anti-money laundering campaign have not changed their approach to onboarding new customers since sanctions...

July 1st, 2022

MotoNovo Increases Vehicle Finance Lending for SMEs
MotoNovo’s growth in lending to SMEs is in stark contrast to the broader picture reported by the Federation of Small Business (FSB), which has said recently...

June 29th, 2022

UK Finance Annual Fraud Report
UK Finance has released its Annual Fraud Report, reinforcing that we must not accept APP scams as an endemic part of life. We must move resolutely away from...

June 29th, 2022

Money-laundering loopholes missed by financial firms
More than a third (34 per cent) of finance and banking firms surveyed for an anti-money laundering campaign have not changed their approach to onboarding new...

June 29th, 2022

Hargreaves Lansdown’s first move into Open Banking
Hargreaves Lansdown has selected Ecospend, the UK’s leading Open Banking provider, to provide a “pay by bank” service for its clients. Ecospend’s...

June 28th, 2022

Loans 2 Go reflects on 5 years of success with ADP
A new video outlining how the lender Loans 2 Go has harnessed the benefits of using Auto Decision Platform (ADP) has been released by LendingMetrics. The...

June 28th, 2022

TransUnion Helps Millions Check Credit Health With Lloyds Bank
TransUnion, a global information and insights company, is empowering customers of Lloyds Bank to look after their credit health with free access to their...

June 24th, 2022

FICO UK Credit Card Market Report April 2022
FICO’s report of April 2022 UK card trends shows some early signs of the impact of the widely reported cost-of-living pressures. The monthly report based on...

June 24th, 2022

Establishing industry regulator key to unlocking synthetic data’s potential – Capco comments
With the FCA’s consultation on ‘Synthetic data to support financial services innovation’ now closed, Stephen Brown, Managing Principle at Capco, points...

June 23rd, 2022

Six years on since the Brexit referendum – why Brexit is playing a significant role in the country’s economic downturn
“The happenstance between the UK’s departure from the EU and the Covid-19 pandemic makes it difficult to disentangle the effects of these two events on...

June 23rd, 2022

StepChange comment on inflation data
With the Office for National Statistics confirming that annual consumer price inflation reached 9.1% in May, up from 9% in April, with its analysis showing...

June 22nd, 2022

Akbank Uses FICO Prescriptive Analytics to Grow Credit Card Approvals 45% And Limits By 60%
Akbank, one of the largest retail banks in Turkey, has improved the way it makes offers to consumers for new credit cards and credit limit increases by...

June 22nd, 2022

Foundation Home Loans expands eligible professions, increases maximum loan amount and offers 90% LTV on Professionals mortgage range
Foundation Home Loans, the intermediary-only specialist lender, has today widened its criteria for its Professionals mortgage range which offers enhanced...

June 21st, 2022

Leeds Building Society to offer a Decision in Principle in less than 11 seconds
Mortgage brokers making an application with Leeds Building Society can now be offered a Decision in Principle in less than 11 seconds thanks to a new...

June 21st, 2022

Taking an AI approach to finance fraud
Fraud is a million-pound problem with one in fifteen people falling victim every year, making it one of the most common crimes in the UK. To combat financial...

June 21st, 2022

Experian expands employment and income verification services to cover 50% of UK employees
Global information services company, Experian, is expanding its automated employment and income verification services to broaden UK employees’ access to...

June 21st, 2022

Second charge mortgage new business volumes grew by 48% in April 2022
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

June 21st, 2022

BofE interest rates – Economist reacts
“News of rising interest rates was expected; the economic outlook has deteriorated fast over the recent months. The news contributes to clouding business...

June 17th, 2022

MaPS comment on FCA call to lenders in face of rising cost of living
“With the rising cost of living, we recognise that this is a concerning time for many households. It is normal to experience worries about money, but it’s...

June 17th, 2022

LiveMore comment on BOE base rate rise
“The Bank of England said in the past that when base rate starts to rise it would be gradual but five consecutive increases brings into stark reality the...

June 17th, 2022

StepChange comments on rate rise and FCA cost of living reminder to firms
In the light of today’s Bank of England interest rate rise to 1.25%, StepChange Debt Charity says that, although only 15% of new clients who have sought debt...

June 17th, 2022

Comments on today’s Bank of England interest rate decision
“While today’s rate rise feels high compared to the post-2008 environment, we must remember that it is still very low by historical averages. This...

June 17th, 2022

As Interest Rates and the Forecast of Defaults Rise Dealer Finance Remains Accessible & Competitive
After many years of a low-interest, low inflation economy, which will be new for many consumer and dealer personnel, MotoNovo Finance Managing Director Karl...

June 16th, 2022

Interest Rates Comments
“It is widely expected that interest rates will rise again on Thursday, and the fallout has been talked about extensively. “There is little doubt that...

June 16th, 2022

Shire Leasing adopt ‘no code’ automated decisioning with LendingMetrics’ ADP
LendingMetrics, the multi-award-winning financial technology and data specialist, are pleased to announce their appointment by commercial lender Shire Leasing...

June 15th, 2022

Challenger Bank unveils new lending rates ahead of five-year anniversary
A Hertfordshire-based Challenger Bank has further demonstrated its commitment to helping British businesses to succeed by reducing its lending rates. The Bank,...

June 15th, 2022

As Interest Rates and the Forecast of Defaults Rise Dealer Finance Remains Accessible & Competitive
After many years of a low-interest, low inflation economy, which will be new for many consumer and dealer personnel, MotoNovo Finance Managing Director Karl...

June 14th, 2022

Industry reaction on the news that GDP is falling faster than experts predicted
Following today’s news that recession fears grow as the UK economy shrinks 0.3% in April, Tommaso Aquilante, UK Lead Economist at Dun & Bradstreet said:...

June 14th, 2022

Equifax named Open Banking partner for Paylink Solutions
Equifax, one of the UK’s big three credit reference agencies, is today unveiling a new partnership with fintech Paylink Solutions to automate its digital...

June 9th, 2022

Credit worthiness creeps into brokers’ top five criteria searches latest Knowledge Bank tracker results reveal
New research from criteria search specialist Knowledge Bank shows a potentially worrying development in borrowers’ credit worthiness as the search for...

June 9th, 2022

Paradigm partner with Unity FCS to help firms combat financial crime
Paradigm Mortgage Services, the mortgage services proposition, has today announced a new partnership with Unity Financial Crime Services (FCS) to help its...

June 9th, 2022

United Trust Bank Bridging enhances their ‘Heavy Refurbishment’ product range and brings together ‘non-regulated’ team to streamline applications
United Trust Bank (UTB) has further improved its ‘Heavy Refurbishment’ offering as it continues to expand and enhance its product range to support both...

June 8th, 2022

Almost half (48%) of UK risk experts have regulatory concerns about the year ahead
Kroll, the leading provider of data, technology and insights related to risk, governance and growth, has found that over a quarter (26%) of UK risk experts...

June 8th, 2022

Trust Payments partners with Feedzai to strengthen risk management offerings
London, UK, and Amsterdam, Netherlands – Trust Payments, the disruptive leader in fintech specialising in frictionless payments and value-added services,...

June 8th, 2022

Study finds businesses failing to meet ESG goals, despite growing profits
Dun & Bradstreet Holdings, Inc. (“Dun & Bradstreet”) (NYSE:DNB), a leading global provider of business decisioning data and analytics announced...

June 7th, 2022

Monument launches digital buy-to-let loan calculator
Monument, the challenger bank and specialist buy-to-let lender, has launched a digital buy-to-let loan calculator to allow mortgage intermediaries to check...

June 7th, 2022

Mortgage warning sign for housing market, and credit card borrowing booms again: Bank of England
Net mortgage borrowing fell from £6.4 billion to £4.1 billion in April – below the pre-pandemic 12-month average. Mortgage approvals for moves in the next...

June 1st, 2022

Yolt collaborates with October to ease and speed up loan application processes
Yolt, Europe’s leading independent and data driven open banking provider, announces today a collaboration with October, Europe’s leading SME lending...

May 31st, 2022

BoE Money and Credit figures: “Not an easy time to be making financial decisions”
“Whichever way you look at it, it’s not an easy time to be making financial decisions. Prices are rising, interest rates are rising, and a recession looks...

May 31st, 2022

LendingMetrics launches new SaaS innovation DeeJoop
The problem of ‘double counting’ consumer credit files when using data from more than one bureau has been solved thanks to the introduction of a new...

May 31st, 2022

From Wed 1 June Klarna will share data with credit reference agencies – response
On Wednesday 1 June, Klarna will start sharing data with credit reference agencies. Payl8r MD Samantha Fogerty said: “For years we’ve been calling for...

May 30th, 2022

FICO UK Credit Card Market Report March 2022
Today, leading applied analytics company FICO released its analysis of UK card trends for March 2022. It appears that repayments remain a priority for credit...

May 30th, 2022

Alpha Asset Finance and fintech leaders Nivo join forces to fight fraud with a fully branded mobile app
Alpha Asset Finance is partnering with fintech innovators Nivo to supercharge their application process and combat rising fraud in the specialist finance...

May 30th, 2022

First-time buyer levels up almost 100% in the past decade
Market analysis by Stipendium, the platform that simplifies life’s complex events, reveals that, despite soaring house prices, the number of first-time...

May 30th, 2022

Fleet Mortgages appoints new Marketing & Events Manager
Fleet Mortgages, the buy-to-let specialist lender, has today announced the appointment of a new Marketing & Events Manager. Sarah Todd joins the lender...

May 30th, 2022

Hanley Intermediaries launches fee-free five-year fixed rate shared ownership mortgage
Hanley Intermediaries has launched a fee-free 3.75% five-year fixed rate shared ownership mortgage up to 95% loan to value (LTV). The product will allow...

May 30th, 2022

PIMFA calls for FCA to be given power to direct Ofcom to remove fraudulent content in Online Safety Bill
PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, has called for the Financial...

May 27th, 2022

Zephyr brings back seven-year fixed mortgage deals
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reintroduced a seven-year fixed deal into its mortgage product range. The...

May 26th, 2022

HubSpot Director on GDPRs 4th anniversary: “GDPR is no longer fit for purpose”
“The sophistication of data capture has finally outpaced its watchguard and GDPR is no longer fit for purpose. Regulation has always favoured the big; so...

May 25th, 2022

Emma Peach joins Connected Data
Data driven technology company Connected Data is pleased to announce that Emma Peach has joined the team as General Counsel and Data Protection Officer. Emma...

May 24th, 2022

UK Finance interest-only mortgage comment
“Although the amount of new interest-only mortgages taken out in 2021 is small at 3% of total lending (32,000 loans), there is still a place for this type of...

May 24th, 2022

Payl8r responds to news that Klarna has agreed to share consumer spending data with credit reference agencies from June 2022
Klarna will soon be sharing data with credit reference agencies Payl8r MD Samantha Fogerty said: “For years we’ve been calling for greater regulation...

May 23rd, 2022

Together prices inaugural 2second charge only RMBS
Together Financial Services Limited (“Together” or the “Group”), one of the UK’s leading mortgage and specialist loan providers,...

May 23rd, 2022

Every little helps in the fight against criminals: UK Finance’s Take Five to Stop Fraud campaign promoted in Tesco stores
New scam warnings have appeared in Tesco stores across the country as the supermarket has teamed up with UK Finance’s Take Five to Stop Fraud campaign. With...

May 19th, 2022

Evolution Money introduces new digital journey to cut processing and completion times
Evolution Money, the second-charge lending specialist, has now launched its new digital journey for customers and adviser introducers, utilising new technology...

May 19th, 2022

Leading AML firm appoints new COO
Leading anti-money laundering (AML) firm SmartSearch has appointed Collette Allen as chief operating officer. Collette’s career at SmartSearch is an...

May 18th, 2022

GDPR reforms must protect the UK’s data adequacy arrangement with the EU, warns IT body
Proposed changes to Britain’s GDPR rules, announced in the recent Queen’s speech, must not put the flow of data between the EU and the UK at risk,...

May 17th, 2022

Evolution Money appoint new Head of ESG
Evolution Money, the second-charge lending specialist, has today announced the appointment of Sue Harrison as its new Head of Environment, Social &...

May 16th, 2022

Landbay reveals new brand with launch of next generation broker portal
Committed to making buy-to-let lending better for brokers, Landbay has launched its most comprehensive and intuitive broker portal – and revealed a bold...

May 16th, 2022

Second charge mortgage new business volumes grew by 42% in March 2022
Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

May 16th, 2022

Angola’s first licensed credit bureau in partnership with Creditinfo to provide millions with access to finance
Creditinfo Group, the leading global service provider for credit information and risk management solutions, today announces plans to open Angola’s first...

May 12th, 2022

Rising interest rates to impact brokers’ searches – latest Knowledge Bank tracker results reveal
The current rising interest rate environment looks set to impact mortgage availability and criteria searching Knowledge Bank’s latest criteria tracker...

May 12th, 2022

TransUnion Appoints New UK Chief Operating Officer
Laura Barley has been appointed as chief operating officer (COO) for TransUnion in the UK, meaning that its executive team is now an even split of men and...

May 11th, 2022

Amanda Rendle Joins TransUnion’s UK Board as Non-Executive Director
Global information and insights provider TransUnion has appointed Amanda Rendle to its UK board as a non-executive director. Amanda brings experience in...

May 6th, 2022

BoE rate rise comment
Following the Bank of England decision to raise interest rates to their highest level since 2009, John Phillips, national operations director at Just Mortgages...

May 6th, 2022

Synectics Solutions’ national police unit partnership bolstering the fight against fraud and organised crime
Synectics Solutions, Britain’s leader in using data to detect and prevent fraud and wider economic crime, has partnered with the National Vehicle Crime...

May 5th, 2022

BoE Money and Credit Figures: Commentary
“With inflation running at a 30-year high, the Bank of England is all but certain to raise interest rates on Thursday to an expected 1%. In principle, this...

May 4th, 2022

Band of England Money and Credit comment
Reporting on the Band of England Money and Credit data out this morning – https://www.bankofengland.co.uk/statistics/money-and-credit/2022/march-2022...

May 4th, 2022

BoE comment: Highest net borrowing shows desire for properties
Following the latest Bank of England Money and Credit stats which found net borrowing of mortgage debt by individuals amounted to £7.0 billion in March, a...

May 4th, 2022

iwoca SME Expert Index: One in three brokers say lending market has returned to pre-pandemic levels
The small business lending market has already returned to pre-pandemic levels of activity, according to nearly a third of brokers (30%) surveyed in iwoca’s...

May 4th, 2022

NetReveal risk scoring enhanced by new alliance with Dun & Bradstreet
BAE Systems Digital Intelligence, a leading global provider of anti-money laundering (AML) and counter-fraud solutions, today announced a new alliance with Dun...

May 3rd, 2022

Acquis Data Services launches industry-wide asset finance register to aid lending decisions and help tackle fraud
Acquis Data Services has today announced its intention to launch Acquis Lumia, a register of asset finance borrowing which will provide a clear view of a...

May 3rd, 2022

Latest ONS Figures Point To Rising Digital Fraud
Commenting on the recent ONS fraud statistics, Josh Gunnell, director of fraud & ID at TransUnion in the UK, said: “The latest figures from the Office...

April 29th, 2022

Updates to scam prevention Code made to protect more customers
The Lending Standards Board (LSB) has today published a series of updates to the Contingent Reimbursement Model Code (the CRM Code) to further strengthen what...

April 29th, 2022

AML Platform Produces ID Check Every 5 Seconds
Credas Technologies has set a new record in volume. Its estate agency customers are now carrying out an AML check every five seconds via its platform....

April 28th, 2022

New analysis: one in three adults struggle to access credit – with millions more at risk
Just over one in three UK adults may struggle to access credit from mainstream lenders, according to fresh data from PwC and TotallyMoney, the free credit app...

April 28th, 2022

Taking Open Banking connectivity to a deeper level
This year started with a considerable bang for Open Banking. The Open Banking Implementation Entity (OBIE) announced there are now more than five million users...

April 27th, 2022

MorganAsh launches new client vulnerability rating tool to help mortgage brokers comply with new FCA regulations
MorganAsh, a leading support services provider to the financial sector, has launched a ground-breaking, consumer vulnerability assessment tool. By providing an...

April 26th, 2022

Backlog of UK medical treatments likely to sustain growth but increase risk
Global demand for pharmaceuticals remains strong, but the UK will need to reassess impending risks, according to leading credit insurer, Atradius. Throughout...

April 26th, 2022

OpenBankVision enquiries surge
LendingMetrics has seen enquiries for its OpenBankVision (OBV) platform skyrocket following the acquisition of Credit Kudos by Apple. Requests for information...

April 25th, 2022

Industry reaction from Mohit Paul
Following today’s ONS results revealing that UK retail sales fell in March due to rising living costs, Mohit Paul, Chief Revenue Officer at Extenda...

April 25th, 2022

World Retail Banking Report 2022: Incumbent banks must embrace data-centric capabilities to drive personalized customer experiences
Retail banks are currently lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalized...

April 21st, 2022

Yonder and Yapily team up to help 5 million ‘credit invisibles’ via open banking
Credit card startup Yonder has partnered with open banking platform Yapily to provide consumers access to credit without needing a UK credit score. According...

April 20th, 2022

Four in 10 UK Consumers Say Targeted by Online Fraud
According to TransUnion’s 2022 Global Digital Fraud Trends Report, 42% of UK consumers say they have been targeted by online fraud in the past three months....

April 20th, 2022

Knowledge Bank partners with UTB to create industry-first digital criteria guide
Knowledge Bank, the largest database of mortgage lending criteria, has partnered with specialist lender United Trust Bank (UTB) to create a bespoke digital...

April 20th, 2022

CHL Mortgages launches short-term let proposition
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has entered the short-term let marketplace with the introduction of a new five-year fixed...

April 19th, 2022

Comments on Bank of England Credit Conditions Survey of Q1 2022
“Today’s figures reflect a situation we have seen developing for a few months now, and we are still a long way from the finish line. Significant portions...

April 14th, 2022

Are mortgage approvals set to soar in 2022?
Market analysis from specialist property lending experts, Octane Capital, has revealed that despite a dip in February, mortgage approval levels could climb...

April 14th, 2022

Cost-of-living crisis impacts brokers’ searches
The cost-of-living crisis is impacting borrowers as brokers are searching for ‘defaults’ and ‘missed and late payments’, Knowledge Bank’s latest...

April 14th, 2022

Inflation cranks up to 7%: the horrible cost of the bare necessities
CPI inflation surged again to 7% in March – from 6.2% in February. It’s the highest CPI has been since March 1992 – 30 years ago. What this means for...

April 13th, 2022

People under 35 are more at risk from impersonation scams
People under 35 are more likely than older age groups to have been targeted in an impersonation scam and be swayed to provide personal or financial...

April 13th, 2022

TransUnion Selects Provenir to Deliver AI-Powered Risk Decisioning to Clients
Provenir, a global leader in AI-powered risk decisioning software, today announced it has been selected to join TransUnion’s Strategic Alliance Distribution...

April 12th, 2022

Prospect of further sanctions against Russia underlines importance of ongoing client monitoring
The prospect of further sanctions being imposed on Russia in addition to those recently brought in by the UK, the US and the EU has underlined the importance...

April 12th, 2022

Norton Home Loans extends Max LTV to 80%
Norton Home Loans has extended the maximum LTV on its first charge mortgage range to 80%. The launch of 80% LTV mortgages increases NHL’s maximum available...

April 12th, 2022

West One launches first green second charge mortgage
West One Loans is the first lender to introduce a green second charge mortgage for landlords available on properties with an EPC rating between A-C. This...

April 11th, 2022

Knowledge Bank set for rapid expansion
Leading criteria search platform, Knowledge Bank has brought in a new sales and marketing manager as it kicks off ambitious growth plans for the year. By the...

April 11th, 2022

Countrywide Surveying Services announces two key promotions to senior management team
Countrywide Surveying Services (CSS), one of the leading suppliers of valuation panel management services, has announced two key promotions to its senior...

April 11th, 2022

Credit Score Checking on the Rise as Consumers Tackle Cost of Living Crisis
A new report by global information and insights provider TransUnion has revealed that the number of people regularly checking their credit score has increased...

April 8th, 2022

Average FTB deposit cost soars in the last five years
Stipendium, the platform that simplifies life’s complex events such as home moving, has revealed that the average cost of a mortgage deposit on a first home...

April 7th, 2022

Smart Money People’s Mortgage Lender Benchmark H1 2022 returns today
Smart Money People’s Mortgage Lender Benchmark returns today to find out which lenders are providing the best service to mortgage brokers and their...

April 7th, 2022

AML within the property industry: Why The Two Tier Approach?
Each year there are over 1.5 million homes listed for sale in the UK and the potential sellers of each all require anti-money laundering checks – often...

April 7th, 2022
