TransUnion Shares Insights and Expertise to Help Businesses in Navigating Consumer Duty

TransUnion has today unveiled a new advisory paper, “Thriving in the Age of Consumer Duty: Strategies for Success,” to support businesses as they...

Helping Customers Optimise and Secure Digital Transformation

Rewind a couple of years and enterprises were heavily focused on acquiring new tech to drive forward their digitisation plans. Then, when the pandemic struck,...

Dun and Bradstreet comment: UK ad spend remained flat in Q1 2023

This morning the latest AA/WARC Expenditure Report revealed that UK ad spend remained flat in Q1 2023, with year-on-year growth of 0.1 per cent, to reach a...

MorganAsh adds triage service for annuities to MARS vulnerability tool

MorganAsh has added a new triage service to its MARS vulnerability software, to help financial advisers identify when to obtain an annuity quotation for a...

These are property market pockets going against the grain of a cooling market

The latest research from digital property pack provider, Moverly, has revealed that while house prices may be cooling during this period of economic turmoil,...

High demand for Just Mortgages with 52 self-employed broker applications in Q2

Leading national brokerage Just Mortgages has revealed it received 52 applications from brokers to join its successful self-employed division in Q2. Applicants...

Mann Island Finance Lending Hits £1bn

Mann Island Finance’s live lending book has now hit the £1bn milestone. Since its first steps into lending in 2015, the business has lent over £2.3bn to...

FICO Recognized by Chartis as Enterprise Fraud Solutions Category Leader for Fourth Consecutive Year

Global analytics software firm FICO today announced that it has been named a category leader for enterprise fraud solutions for the fourth year in a row in...

Landbay reduces pricing across fixed rate product range

Specialist buy-to-let lender Landbay has had a major price restructure across its fixed rate product range with reductions from 0.30% to 0.70%. Product...

Overall Fraud at Pre-Pandemic Levels But Advance Fee Fraud Growth a Concern

“The latest fraud figures from the Office for National Statistics reveal that overall fraud rates have returned to pre-pandemic levels. This would align with...

Consumer Duty Regulation Could Drive Competitiveness in the Banking Sector

The Financial Conduct Authority’s (FCA) final rules and guidance for a new Consumer Duty will set higher and clearer standards of consumer protection across...

All regions show annual yield increases for second quarter in a row – Fleet Mortgages’ Rental Barometer

Fleet Mortgages, the buy-to-let specialist lender, has today released the latest iteration of its Buy-to-Let Rental Barometer covering Q2 2023 rental yields...

Foundation Home Loans launch new five-year buy-to-let Limited Edition fix

Foundation Home Loans, the intermediary-only specialist lender, has today launched a brand new five-year, Limited Edition fixed-rate product as part of its...

Recognise Bank Launches New Professional-Buy-to-Let Discounted Tracker Products

Recognise Bank, a leading provider of financial solutions for SMEs, is proud to announce the launch of two professional-buy-to-let (PBTL) discounted tracker...

June retail sales – last hurrah?

Retail sales volumes rose an estimated 0.7% in June, following a rise of 0.3% in May. Non-store retailing sales volumes rose by 1.0% in June driven by strong...

Hanley Economic BS makes seven-day FMA commitment

Hanley Economic Building Society has committed to providing its intermediary partners with a minimum of seven days to submit a full mortgage application (FMA)...

Estate agency AML fines on the rise due to difficult market conditions

The latest analysis by Credas Technologies, the leading identity verification checks provider, reveals that the average Anti-Money Laundering (AML) fine issued...

UK Inflation: a turning point?

Month-on-month inflation slowed in June, coming in at 0.1%. However, annualised inflation slowed to 7.9%, from 8.7% in May, the lowest it’s been since March...

Money Advice Trust responds to latest inflation figures

The Office for National Statistics has today published its latest Consumer Prices Index, which shows the rate of inflation fell to 7.9% in the 12 months to...

Inflation comment

Commenting on this morning’s inflation figures, falling to 7.9% in June, Simon Webb, managing director of capital markets and finance at LiveMore, commented:...

MorganAsh adds protection triage service to MARS vulnerability tool

MorganAsh has added a new triage service to its MARS vulnerability software, to help mortgage advisers to identify and assess the protection needs of their...

Placement Students Join Jaywing’s Consultancy Division

Leading risk and data science consultancy, Jaywing, is pleased to announce the addition of two new placement students to its consulting team, Abisola Akinjole...

£55bn worth of new homes started in the last year

Research from Sourced Franchise, the UK’s leading property investment platform, reveals that work was started on £55 billion worth of new-build homes in...

FICO Fraud Report Reveals Global Trends in Application Fraud, Scams and More

Analytics software leader FICO has just released a report from its Global Fraud Consulting team that reveals trends in application fraud, scams and other fraud...

Landbay launches new limited edition range of fixed rate products

Landbay has launched a new limited edition range of 18 standard five-year fixed rate products with rates starting at 5.15%. The specialist buy-to-let lender...

Flow of dirty money into emerging regulated firms is increasing

The flow of dirty money into emerging regulated firms is increasing, with more than a third (36 per cent) reporting a rise in the number of Suspicious Activity...

Second charge mortgage new business volumes fell by 9% in May 2023

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Together achieves second month lending over £100m of bridging loans in 2023

Together today announced lending of more than £106 million in short-term finance across the business – the second time this year that the specialist lender...

UK Finance and Cifas launch lessons to prevent young adults from becoming money mules

Data released today by Cifas and UK Finance reveals that in the first six months of 2023 there were 17,286 cases with intelligence indicating money mule...

New data show UK businesses believe they are resilient

More than a fifth (22%) of UK business leaders now believe their business to be “extremely resilient”– suggesting organisations in the UK have learned to...

Recognise Bank hits record-breaking performance in bridging loan volumes

Recognise Bank, a top financial solutions provider for SMEs, is excited to announce its record-breaking performance in bridging loan volumes for the first...

Landbay launches new two-year trackers for like-for-like remortgage range

Landbay has strengthened its like-for-like remortgage range with the addition of three new two-year tracker products. The new products are suitable for...

Fleet Mortgages launches new five-year 70% LTV fixes

Fleet Mortgages, the buy-to-let specialist lender, has today launched new five-year fixed-rate mortgages, available across its three core product ranges –...

Protecht Launches its Enhanced Vendor Risk Management Module to Empower Businesses Against Third-Party Risks

Protecht today announced the launch of its enhanced Vendor Risk Management module to enable businesses to mitigate risks with third-party vendors. Protecht is...

Mastercard leverages its AI capabilities to fight real-time payment scams

From romance scams to fictious online deals, impersonation scams of all kinds have plagued people and businesses over recent years and shaken the confidence of...

Together hires John Barker as Group Chief Operating Officer

Specialist lender Together has bolstered its executive team by appointing experienced financial services leader John Barker as the Group’s Chief Operating...

Housing affordability at its worst in decades as income to house price ratio more than doubles since the 70s

The latest research by property purchasing specialist, House Buyer Bureau, has revealed that, even when adjusting for inflation, today’s homebuyers have by...

Rising interest rates: comment

“In an effort to slow the rise in the cost of living in the UK, the Bank of England has increased bank rates to the highest level for 15...

Looming debt crisis will lay waste to our finances

One in four of us are spending more than we’re earning (26%), so we risk running up debts. Higher income households are borrowing more as a percentage of...

Comment – Addressing the Rising Trend of Push Payment Fraud Complaints

“Statistics out from the Financial Ombudsman Service today show unequivocally that customers who bank with CRM Code signatories are better protected...

TransUnion and NatWest Strengthen Award-Winning Partnership to Expand Credit Score Service to All Eligible UK Consumers

TransUnion and NatWest Group have expanded their existing partnership to introduce Know Your Credit Score – the first credit information service from a...

Comment: The Bank of England – Money and Credit

The Bank of England released its Money and Credit statistics today revealing a rise net mortgage approvals from 49,000 in April to 50,500 in May.  Remortgages...

StepChange responds to Bank of England Money and Credit stats

The Bank of England’s Money and Credit statistics for May show households withdrew £4.6 billion from banks and building societies across the month –...

Comment on Bank of England Money & Credit data

Commenting on the Bank of England Money & Credit data, Adam Oldfield, chief revenue officer at Phoebus Software, said: “The lending figures for May make...

Paradigm launch new Product Withdrawal Directory for intermediary firms

Paradigm, the mortgage, protection and compliance services proposition, has today announced the launch of a new Lender Product Withdrawals Directory for...

Two thirds of regulated firms worry about an AML breach

The “worrying weight of compliance” is taking its toll on regulated firms in the emerging financial sectors, with more than two thirds saying they are...

Estate agents risk falling foul of UK law as AML interest is lagging

Research by Credas Technologies, the leading identity verification provider, reveals that ‘economic sanctions’ and ‘politically exposed persons’ are...

Reaction to BoE heading to recession

Reacting to the Bloomberg Economics warning that the Bank of England will push the UK into recession by the end of the year, Arun Singh, Global Chief...

Rental demand shows slight decline in Q2 but midlands region is bucking the trend

The latest Rental Demand Index from estate and lettings agent, Barrows and Forrester, has revealed that Dorset is currently the hottest spot in the nation’s...

FICO UK Credit Card Market Report: March/April 2023

The latest data from FICO on UK credit card trends paints a picture of considerable consumer financial volatility as the dual pressures of higher inflation and...

Landbay enhances its range of two-year trackers

Landbay has reduced rates on its two-year tracker buy-to-let mortgages by up to 90 basis points and added new competitive products to the range. The two-year...

May Retail Sales Rise Again According to Latest ONS Figures

“The latest Retail Sales Index from the Office for National Statistics show a further rise of 0.3%, following an increase of 0.5% in April. This growth...

Losses from Online Payment Fraud to Exceed $362 Billion Globally Over Next 5 Years, as eCommerce Growth in Emerging Markets Accelerates Fraud

A new study from Juniper Research, the foremost experts in payment markets, forecasts that merchant losses from online payment fraud will exceed $362 billion...

Experian launches 4D Credit to help lenders better support small businesses thrive and survive

Experian has today announced the launch of 4D Credit – a new suite of services designed to help lenders better manage their commercial lending portfolio...

May retail sales

Retail sales volumes rose an estimated 0.3% in May, following a rise of 0.5% in April. Non-store retailing sales volumes rose by 2.7% in May driven by strong...

EY comments on today’s ONS retail sales figures for May

“While UK retail sales continued to see marginal growth in May, with a month-on-month rise of 0.3%, it was the lowest level of growth seen in the last six...

Two-year buy-to-let fixed rates are growing in popularity

Fixed rates remain the most popular option for buy-to-let remortgage borrowers but the gap between a two-year or five-year preference is closing. These...

Financial stability on the brink, according to Knowledge Bank’s data

The latest monthly criteria index from Knowledge Bank highlights the pressing financial difficulties for many in the UK, with inflation still above target at...

Seven million mortgage holders struggling to keep up with household bills and credit commitments

New polling from StepChange Debt Charity has revealed 45% of mortgage holders, equivalent to 6.9m UK adults, have found it difficult to keep up with bills and...

Comment: Bank of England has raised interest rates by 0.5%

“In hiking interest rates by 50pbs, the Bank of England is likely to have been influenced by the fact that in May core inflation has reached its highest...

Commentary on the impact of Bank of England base rate increase

“Yesterday’s inflation figures showed that the Bank of England’s policy has yet to reap the desired results, with core inflation climbing in May to 7.1%....

Rise in interest rates

“Yet another interest rates rise won’t come as much of a surprise with inflation remaining at 8.7%. But after almost 15 years of relatively low rates, the...

Dun & Bradstreet launches D&B.AI Labs

Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, today announced the launch of D&B.AI Labs....

Comment: Bank chiefs urge Sunak to share cost of Fraud with Big Tech

“No-one should be out of pocket because of criminal activity. Evidence shows scams impact victims’ mental health, leaving long-lasting feelings of...

Comment on inflation

“This stall in annual consumer price inflation, remaining at 8.7% in May, means there is still a long way to go to reach the government’s 2% target. “We...

Comment on the ONS CPI

“To see inflation stagnate is not what we wanted, but the most worrying figure is core inflation, which actually rose in May.  So, we’re under no illusion...

Stubborn inflation underscores scale of pressure facing households

The Office for National Statistics has today published its latest Consumer Prices Index, which shows the rate of inflation stood at 8.7% in the 12 months to...

Embedded lender Fluro selects data intelligence platform Bud to supercharge its decisioning in lending

Bud Financial, the AI-based data intelligence platform, has been selected by embedded consumer lender Fluro to power its lending decision-making through open...

Foundation Home Loans launch new owner-occupied and buy-to-let Specials

Foundation Home Loans, the intermediary-only specialist lender, has today added new Special products to both its owner-occupied and buy-to-let offering. In its...

TransUnion Wins Credit Information Provider of the Year and Best Partnership With Lloyds Banking Group

TransUnion has been named Credit Information Provider of the Year in the UK for the third year running at the prestigious Credit Awards. In addition, the...

Freedom Finance launches refreshed proposition amid vibrant second charge market

In the attached press release, Freedom Finance, one of the UK’s largest second charge distributors, is delighted to launch a refreshed proposition to support...

Experian launches new service to prevent ‘Money Mule’ account fraud

Experian today announces a new service which will help banks and building societies identify and close ‘money mule’ accounts which are used to house...

Cynergy Bank launches loan to help landlords with green transition

Cynergy Bank is providing funding for residential landlords to support them in making vital changes to their rental property portfolios to assist with the...

Insurer data reveals payment defaults in the automotive sector up by 50%

The UK’s second-largest trade credit insurer, Atradius, has revealed the number of claims it received in the automotive sector in Q1 of 2023 has increased by...

Complacency on compliance is a costly mistake for regulated firms, warns AML expert

Regulated firms must heed the warning – complacency on compliance is a dangerous path that wastes valuable time and money, according to a leading digital...

Knowledge Bank turns on Consumer Duty ‘flag’ for brokers doing criteria searches

Knowledge Bank, the UK’s largest and most comprehensive database of lending criteria, today turns on a specialist ‘flag’ to alert brokers when they have...

Second charge mortgage new business volumes fell by 22% in April 2023

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Trustfolio Secures Certification to ISO 27001, the International Standard for Information Security Management

‘Debt-tech’ firm, Trustfolio, is delighted to announce that it has achieved certification to ISO 27001, the world-leading International Standard for...

The good, the bad and the ugly in jobs figures

The number of people in work hit a record high in February-April and inactivity rates fell again. Estimated employees for May bounced back to 30 million, up...

Landbay launches new range of like-for-like buy-to-let remortgages

Specialist buy-to-let lender Landbay has introduced a suite of two-year fixed rate like-for-like remortgage products with a lower Interest Cover Ratio (ICR)...

Rising Interest Rates Fuel Demand for FICO AI-Powered Optimization

Banks across Europe are challenged by rising interest rates, which make it difficult to balance profitability and customer experience. Many are turning to the...

UK’s largest protector of deposits also unveils online, interactive Annual Rent Index report

Despite increased speculation about landlords’ intentions in the UK property market, a recent survey by The Deposit Protection Service reveals that the...

Consumer credit rates stable in May amid volatility

Rates on consumer credit products either remained steady in May or registered small declines, according to analysis of the latest Bank of England data from...

Fighting authorised push payment fraud: a new reimbursement requirement

The Payment Systems Regulator (PSR) recently published a new reimbursement requirement for Authorised Push Payment (APP) fraud within the Faster Payments...

Protecht ERM strengthened by new business continuity features

Protecht, a leader in risk and resilience software, today announced that it has introduced enhanced business continuity features to help organisations enable...

Knowledge Bank puts on specialist criteria clinic on how consumer duty will affect self-build homes

Knowledge Bank has responded to demand to put on a specialist one-off Criteria Clinic on how Consumer Duty will affect borrowers choosing to build their own...

Comment: Economist responds to UK G7 performance

“The OECD forecasts depict a struggling UK economy for 2023, with growth now predicted to be the second worst in the G7. However, in times of great...

MorganAsh adds nurse support services to MARS vulnerability tool

Vulnerability specialist MorganAsh has added a new nurse support service to the MorganAsh Resilience System (MARS), to assist advisers in providing help to...

Growing concerns over AML as UK consumers ramp up searches for info

Research by Credas Technologies, the leading identity verification provider, reveals that UK consumers are increasingly concerned about the issue of money...

FCA appoints Napier’s Bastiman to new expert group

Global AML specialist Napier has announced the appointment of its chief data scientist, Dr Janet Bastiman, to the Financial Conduct Authority (FCA)’s newly...

FIBA joins forces with Hodge as its new lender partner

Hodge is joining the Finance Intermediary and Broker Association (FIBA) as its new lending partner. The long-term commercial lending funder joins the trade...

Bank of America and Apple Executives join Chargebacks911 to drive rapid expansion

TAMPA, USA – Chargebacks911 and Fi911, the global leader in chargeback management technology, announced Tuesday the appointment of payments industry leaders...

Happy RIO-versary!

Thursday June 8th marks the fifth birthday of Hodge’s Retirement Interest Only (RIO) mortgage, one of the very first to market. Specialist lender Hodge is...

Fleet Mortgages launches back to market with two- and five-year fixes up to 75% LTV

Fleet Mortgages, the buy-to-let specialist lender, has today launched a range of two- and five-year fixed-rate mortgages in its three core ranges – standard,...

43% of UK exporters expect an increase in the risk of non-payment in 2023 (up from 27% last year), landmark survey shows

Allianz Trade today releases the second edition of its Global Survey. The world’s leading trade credit insurer surveyed nearly 3,000 exporters from France,...

‘Antiquated technology’ leaves banks unequipped to deal with fraud – comments

Further to the news that 78 per cent of financial firms worldwide are concerned about their ability to respond to emerging fraud threats quickly and...

PCI Security Standards Council welcomes PCI Pal® CISO, Geoff Forsyth, to its Board of Advisors

PCI Pal® (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, is pleased to announce that its Chief Information...

Bank of England Money & Credit – comment

“Today’s Bank of England figures reveal that consumer appetite for borrowing has begun to slow against a backdrop of higher interest rates and squeezed...

Price fall may be a drop in the ocean once mortgage rate rises kick in

House prices fell 0.1% in May – April had seen a small rise after seven consecutive months of falls. On an annual basis, house prices are down 3.4% in the...

London businesses are poised to lead the UK economy out of its slowdown – comment

“It’s a pleasant surprise to see an uptick in confidence in the UK’s business capital, after what feels like a plethora of “Black Swan” economic...

Together improves AVM criteria for personal finance customers

Specialist lender Together has enhanced its Automated Valuation Model (AVM) criteria on its personal finance product range. The move will allow for more...

Cost of living remains biggest driver of problem debt, says StepChange Debt Charity

StepChange’s latest client data for April 2023, published today, has revealed over a quarter of new clients (27%) cite the cost of living as their main...

JMT Finance launches bridging finance proposition

JMT Finance, the privately owned and funded commercial property lender, has extended its lending proposition into the bridging finance sector. The lender has...

Foundation Home Loans refreshes full product ranges and increases maximum LTV to 80% in buy-to-let and 85% in owner-occupied

Foundation Home Loans, the intermediary-only specialist lender, has today refreshed all products within its core buy-to-let and owner-occupied ranges for both...

Hanley Economic BS launches two-year fee-free shared ownership fix

Hanley Economic Building Society has announced the launch of a fee-free two-year fixed rate shared ownership mortgage available up to 95% loan-to-value (LTV)...

IDVerse, Formerly Known as OCR Labs, Partners with Experian for Digital Identity Verification

Experian, the world’s leading global information services company, has chosen identity verification solution provider, IDVerse, to support its customer’s...

Zoopla: rate rise risks cast shadow over sunny outlook

House prices are up 1.9% in a year, according to the Zoopla house price index for May. In London, they’re down 0.2% in a year. Overall prices have fallen...

TransUnion, Monevo and Incuto Come Together To Expand Consumer Access to Credit

Global information and insights company TransUnion is working with personal credit platform Monevo and incuto – a fintech for social good – to offer UK...

The changing face of financial vulnerability revealed

TDX Group, an Equifax company and leading provider of debt management solutions, urges lenders and those who serve customers facing financial difficulty, to...

Goodlord Group & Credas announce right-to-rent checks partnership

Letting agents will now be able to conduct digital right-to-rent checks on British and Irish citizens using identity verification technology (IDVT). This is...

EY comments on today’s ONS retail sales figures for April

“After a period of unusually poor spring weather, both retail sales and volumes rose in April, however overall inflation continues to impact figures. The...

Number of DAMLs down year on year

Research by Credas Technologies, the leading identity verification provider, has found that while there has been an annual reduction of 21% in the number of...

Consumer Duty Is Not Just a Job For Compliance

The Financial Conduct Authority (FCA) has issued its latest warning to financial services firms to be ready for the 31 July deadline for the new Consumer Duty....

SmartSearch appoints new strategic alliances manager for UK and international markets

SmartSearch, the leading UK provider of digital compliance solutions, has appointed Ian Wright as its new strategic alliances manager. In his role, Ian will...

GDPR 5th Anniversary – commentary

“Over the past five years, GDPR has spurred on businesses to get up-to-speed with best practice data management. Done right, business not only go beyond...

GDPR – the benchmark for a global privacy framework

With the 5th anniversary of GDPR looming, this regulation continues to be a game-changer, setting the precedent for privacy and data laws around the world. In...

Today’s inflation headline figures masks some worrying dynamics – comments from economist

Following today’s ONS inflation figures, Tommaso Aquilante, Associate Director of Economic Research at Dun & Bradstreet said: “April’s inflation...

Put your financial stress on paws

New data from Experian finds that the average Briton will wait until they have debt totalling £7,835 before seeking help, with one fifth of the nation (20%)...

Sticky inflation could mean higher interest rates

Commenting on the latest Office for National Statistics (ONS) consumer price inflation figures, Julian Jessop, Economics Fellow at free market think tank the...

Annualised inflation eases, but no time to celebrate

Month-on-month inflation gathered pace in April, coming in at 1.2%, the highest it’s been since October 2022. However, annualised inflation slowed to 8.7%,...

Power price cuts dial down inflation, but pressure on wallets rises

CPI inflation fell to 8.7% in April. It had been in double-figures since September last year. However, inflation actually rose 1.2% between March and April....

Good news, at last! – comment on the latest inflation figures

“We’re waking up to good news, at last.  Inflation falling into single figures is the news that we’ve all been hoping to hear and perhaps the start of...

Comments on latest inflation figures

With the fall in inflation to 8.7% in April from 10.1% in March, Simon Webb, managing director of capital markets and finance at LiveMore, commented: “High...

MorganAsh enhances vulnerability management by integrating Inbest benefits calculator

MorganAsh has embedded the Inbest benefits calculator directly within the MorganAsh Resilience System (MARS), to ease and simplify the process of checking...

FCA proposals to align rules for fund managers and discretionary investment managers pose material threat, says PIMFA

PIMFA, the trade association for the wealth management, investment services and financial advice sector, has raised serious concerns about the Financial...

21% annual increase in Suspicious Activity Reports

With a view to help property professionals stay on top of their Anti-Money Laundering (AML) obligations, Credas Technologies, the leading identity verification...

Dock Stops Over USD$50m a Month in Fraud for its Customers Using FICO Technology

Dock, a global technological platform for financial services, is using FICO fraud prevention technologies to stop more than USD$50 million a month in...

Inflation set to step down – but this is no rapid decent

Inflation is expected to have fallen back into single figures in April. However, higher food prices are expected to put a brake on falls in inflation, in the...

FCA says it wants the UK to become ‘hostile environment’ for fraudsters at PIMFA’s Financial Crime Conference

The Financial Conduct Authority (FCA) in a collaboration with industry, plans to make greater strives in ensuring the UK is a hostile environment for...

FICO Repeats Leader Status in 2023 Forrester AI Decisioning Platforms Wave

Global analytics software firm FICO announced today that its industry-leading FICO® Platform received top placement in “The Forrester Wave™: AI...

Build new ‘Regional Investment Bank’ to boost company growth and jobs outside London

Establishing a Regional Investment Bank could support regional economic hubs outside of London and the South East, by giving them better access to public and...

MorganAsh results identify engagement as biggest area of consumer vulnerability

The capability of consumers to engage has been identified as the largest area of vulnerability, according to the latest results from the MorganAsh Resilience...

How AI can revolutionise the fight against chargebacks fraud

Merchants face a difficult second half of 2023 as fraudulent chargeback claims are predicted to make up a staggering 60% of all claims, according to a study...

Six in ten IFAs concerned 100% mortgages could create a repayment crisis

With the recent return of the 100% mortgage, new research from global research and insights agency Opinium reveals that nearly two thirds of IFAs (66%) who...

Four in Five Financial Services Brands are Failing Online Trust Signals

Analysis by the UK’s first financial services digital marketing agency, Balance, found that guidance based on Google’s EEAT guidelines and the FCA’s...

The AML experts leading the way in digital compliance with automation and configurability

Anti money-laundering (AML) experts are bringing in a new age of digital compliance with their advanced automation and configurability capabilities. Their use...

AGL’s Personalised Digital Collections Boost Payments By 40 Percent Using FICO Technology

Leading Australian integrated essential service provider AGL has partnered with FICO to deliver a next-generation self-service digital collections experience...

The Envelop Network adds Bank of Ireland to lending panel

The Envelop Network has announced the addition of Bank of Ireland to its lending panel. This panel addition will provide Envelop Network members with access to...

FICO Welcomes UK’s 17% Drop in APP Fraud and Highlights Influence of Confirmation of Payee and Tailored Communications

UK Finance’s annual fraud report showed a year-on-year drop of 17 percent in Authorized Push Payment (APP) Fraud. While the efforts of Confirmation of Payee...

Tymit uses LendingMetrics’ ADP

Instalment-only credit card provider Tymit has adopted LendingMetrics’ Auto Decision Platform (ADP) to speed decisioning. The fintech, which partners...

Interest rates – reaction from economist

“While the UK economy has proven more resilient than expected, inflation is far from tamed. And with both wage and core inflation now at around 6%, the Bank...

MPC decision – Bailey’s economic porridge could be “just right”

0.25% increase, taking rates to 4.5%, the twelfth rate rise in a row taking the base rate to the highest it’s been since 2008. MPC voted 7 to 2 in favour of...

BoE raise interest rates to 4.5% – commentary

“The Bank of England’s MPC today hiked UK interest rates yet again to 4.5%, a rise of 0.25% and lifting UK interest rates to their highest level since...

Comments on Bank of England base rate rise

“The 0.25% increase in the Bank of England base rate to 4.5% was not unexpected and the money markets have priced this in. The last time the rate was this...

Will this rate rise make potential buyers pause?

“Although it’s not what anyone wanted to hear, today’s increase in base rate is as predicted.  The trouble is that the fight to bring down inflation...

Bank Base rate comment

Following the Bank of England’s decision to raise interest rates from 4.25% to 4.50%, John Phillips, national operations director at Just Mortgages said:...

Interest rate rise will take a “heavy toll” on households

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has responded to the Bank of England’s Monetary Policy Committee’s...

Comments on BoE MPC decision

“Although the UK economy is showing its fair share of positive indicators, the stubborn nature of inflation is clearly still too much of a worry for the Bank...

Commentary on the impact of Bank of England base rate increase

“The Bank of England has continued its run of remarkably consistent base rate rises with another quarter per cent increase today. While this consistency may...

Interest rates up: commentary

“Among those hit the hardest are homeowners with variable-rate mortgages, who will once again see their repayments surge. This comes as an estimated 700,000...

Bank Base Rate comment

“As with recent increases to Bank Base Rate, there was more than a hint of inevitability about this decision given how high inflation remains and other wider...

UK Finance Fraud Stats – Prevention is still crucial in tackling APP fraud

“Whilst we are pleased to see that efforts to prevent scams have resulted in a decline in the overall rate of APP scams, scammers still pose a...

Over £1.2 billion stolen through fraud in 2022, with nearly 80 per cent of APP fraud cases starting online

UK Finance today releases its Annual Fraud Report, detailing the amount of money stolen by criminals through financial fraud in 2022. Over £1.2 billion was...

Landlord understanding of EPC requirements increases as 80% say they have already carried out work, according to latest BVA BDRC research

80% of landlords have already carried out some remedial works to properties in response to the new energy efficiency requirements, and in anticipation of...

Credit card rates continue upward momentum but personal loans stabilise

Credit card rates continue to increase to multi-decade highs despite other forms of consumer credit beginning to cool, according to analysis of the latest Bank...

Comment on UK Finance’s Annual Fraud Report 2023

Following the announcement today by UK Finance’s Annual Fraud Report 2023, we have a comment from digital compliance expert SmartSearch. UK Finance is the...

Don’t Raise Interest Rates, says Shadow Monetary Policy Committee

The ‘sharp reduction’ in the money supply suggests that inflation will come under control without further action The IEA’s Shadow Monetary Policy...

Fleet Mortgages cuts rates on two-year fixes and launches new seven-year Green product

Fleet Mortgages, the buy-to-let specialist lender, has today announced reduced rates across its two-year fixed-rate products and the launch of a new Green...

Firms must adopt a perpetual KYC model to meet rising fraud threat

Regulated firms need to make the switch to a perpetual Know Your Customer (pKYC) model to stay alive to the rising threat of financial crime, a compliance...

Anti-Ransomware Day

“Ransomware remains a persistent threat to all organisations, with the ability to stop business operations, cause reputational damage, and have real-world...

Comment on the government’s 76-page Fraud Strategy

Following the announcement today by Prime Minister Rishi Sunak of the Government’s 76-page Fraud Strategy, Martin Cheek, managing director of SmartSearch and...

Bank of England Money & Credit – comment

“According to the Bank of England’s Money and Credit report, consumer credit rose in March as consumers stepped up borrowing, in part to meet increasing...

Government fraud strategy is a step in the right direction but does not go far enough – comment

“While the measures outlined by the government in their new fraud strategy are a step in the right direction, more must be done if the UK is to fight the...

Allica Bank announces record rate reductions across variable and fixed rate commercial mortgages

Allica Bank has announced a raft of record rate reductions across its commercial mortgage product range. The significant rate cuts come in light of a...

Protecht launches EMEA Partner Programme

Protecht today announced that it has introduced its new Protecht EMEA Partner Programme, which will enable customers across all industry sectors to maximise...

Hodge announces further rate reductions across its Professional Mortgage range

Hodge is announcing further reductions on rates across its Professional Mortgage range from tomorrow. It is the third time the specialist lender has dropped...

Foundation Home Loans reduce owner-occupied rates by up to 0.70% and buy-to-let products by 0.35%

Foundation Home Loans, the intermediary-only specialist lender, has today announced rate reductions of up to 0.70% across its core owner-occupied range and up...

TransUnion Is Named as One of UK’s Best Workplaces

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has officially been named amongst the top 50...

Tymit uses LendingMetrics’ ADP

Instalment-only credit card provider Tymit has adopted LendingMetrics’ Auto Decision Platform (ADP) to speed decisioning. The fintech, which partners...

Boodil Launches Pay by Portal Solution, Enabling Businesses to Benefit from Open Banking Payments

Boodil rolls out its Pay by Portal solution to a number of merchants, allowing businesses to realise the benefits of open banking payments. Boodil, a...

Recognise Bank Appoints VAS Panel to speed up SME lending applications

Digital SME lender and savings provider, Recognise Bank has appointed VAS Panel in a move which is designed to significantly speed up valuation turnaround...

Napier Responds to Growth in French Market with New Appointment

Global AML technology specialist Napier has appointed French native Charles Duport in a move designed to better serve its existing and new customers in France,...

OnbeGuard: Leveraging Behavioral Biometrics To Stop Fraud Before It Happens

Onbe, a leading disbursements financial technology company, today announces the launch of OnbeGuard, the latest enhancement to Onbe’s suite of fraud...

Comentis launches Vulnerability Support Framework for all FCA-regulated firms

Clinical reg tech provider, Comentis, today announces the launch of its Vulnerability Support Framework. Available to all professionals regulated by the FCA,...

Beware the pitfalls as cost-of-living payments hit bank accounts

8 million families receiving Universal Credit will get a £301 cost-of-living payment, with the first arriving today. It’s the first of three payments that...

StepChange appoints Alex Pitcher as new Chief Risk Officer

StepChange is pleased to announce the appointment of Alex Pitcher as new Chief Risk Officer, who will join the charity in June. Alex is currently leading...

Values and volumes remain disconnected as retail sales fall faster than expected

Retail sales volumes fell an estimated 0.9% in March, following a 1.1% rise in February. Sales values (excluding motor fuel) fell 0.6%, with volumes excluding...

Phishing, Smishing and Vishing Are the Top Types of Fraud

New data published by global information and insights provider, TransUnion, shows that over four in 10 (43%) UK consumers who said they have been targeted by...

Zephyr Homeloans announces reductions across tracker mortgage product range

Zephyr Homeloans, the specialist buy-to-let (BTL) mortgage provider, has announced reductions of 40 basis points (bps) across its tracker mortgage product...

Armalytix Launches New Tools to Help Firms Avoid Fraud & Punishment

Armalytix, a cutting-edge fintech company that streamlines financial insights for financial crime and risk checks to the professional, financial services and...

TransUnion Appoints Mark Molyneux as UK Strategy and Planning Director

TransUnion has appointed Mark Molyneux as its new strategy and planning director for the UK and Europe. As part of the UK executive team, Mark will be...

House price slide accelerates – but there’s still hope for a soft landing

House prices fell for the third consecutive month – with prices down 0.3% between January and February. Average house prices were up 5.5% in the year to...

Stubborn inflation tops 10%

Inflation (CPI) eased slightly to 10.1% in the 12 months to March 2023. CPI rose 0.8% in the month. Inflation has eased slightly due to cheaper motor fuels....

Comment on inflation

“Inflation has been in double digit figures since last September and it is still stubbornly there but a fall, even if only by 0.3%, is better than nothing....

30% of homeowners struggling with increased mortgage costs

Research from estate and lettings agent, Barrows and Forrester, has revealed that the majority of UK homeowners have seen the monthly cost of their mortgage...

Hodge increases maximum lending amount from £5m to £10m across its Development Finance range

Hodge is doubling the maximum lending amount per single transaction  across its existing range of Development Finance products from £5 million to £10...

Central Trust introduces one-year first and second-charge fixed rate

Central Trust, the first and second charge lender, has added a new one-year residential fixed rate option to its product offering. It is available for first...

Knoma partners with Fuse to automate credit decisioning – unlocking accessible education for millions across the UK

Education lender, Knoma, has selected Fuse by Pave as its Open Banking partner, to enable it to improve decision-making on applications from borrowers seeking...

Foundation Home Loans reduces BTL and owner-occupier rates by up to 0.75%

Foundation Home Loans, the intermediary-only specialist lender, has today announced rate reductions of up to 0.75% on selected Buy to Let specials and 0.60% on...

Mortgage lending transactions hit lowest level in almost three years

The latest market analysis by specialist property lending experts, Octane Capital, has shown that since the Bank of England began to increase interest rates in...

£4.94bn lent via bridging sector in 2022

The latest market analysis by bridging finance specialists, Apex Bridging, has shown that £4.94bn was lent via bridging loan completions in 2022, a 17.6%...

SmartSearch adds TransUnion to complete credit bureau trident

SmartSearch has further strengthened the market-leading reliability of its digital anti-money laundering solution by adding global information and insights...

80% LTV for medium & heavy refurbishment projects now available at Hope Capital

Specialist short-term lender, Hope Capital has announced it has rejuvenated its residential refurbishment offering by now providing up to 80% LTV to its...

Together and Positive Lending join forces to provide £500k second charge

Together and Positive Lending funded a £500,000 second charge mortgage for a self-employed client to buy a neighbour’s plot of land. The customer, a...

Hampshire Trust Bank launches Special Edition 5.99% 5-year fixed buy-to-let product

Hampshire Trust Bank (HTB) has launched a new Special Edition 5.99% five-year fixed rate product for loans between £100,000 to £1m. The product has a 5%...

Credit card and personal loan rates all drop in Q1

Average rates on credit cards, £5k and £10k personal loans all declined through Q1 2023, the first time all three products have posted a quarterly drop since...

Support for low deposit schemes is vital following the end of Help to Buy, says Just Mortgages

The sector must continue to get behind shared ownership and other low deposit schemes to help first-time buyers start their home ownership journeys, national...

Clever Mortgages sees mortgage rates drop, despite Bank of England rate increases

Clever Mortgages, who arrange mortgages for all types of customers, be that with a poor or excellent credit score, has advised homeowners and potential...

Creditfix ends debt packager referrals fees but calls for greater safeguarding measures for debt advice

Creditfix will no longer accept referrals from third party debt packager firms from 1 May 2023 in a move to protect customers and ensure best advice. As the...

One in five of us have experienced identity fraud

Research by digital identity security specialists, ID Crypt Global, reveals that an overwhelming majority of the UK public are concerned about the growing use...

Equifax partners with credit provider Spear Technologies to boost access to finance

Equifax UK has announced today a new partnership with Spear Technology, (parent company to The Yes Catalogue, New Is Nice & Flava), a market leader in the...

Lease GAP Insurance Launched – The Right Product for the Growing Personal Lease Market

“GAP products are not all the same. Dealers and their customers need to be aware that the distinctive nature of Personal Leasing, notably the cost of...

Landbay releases new Special Edition five-year fixed rates – with an ERC twist

Specialist buy-to-let lender Landbay has launched a new set of Special Edition five-year fixed rate mortgage products with rates starting at 4.99%. The new...

Quantuma advises the shareholders of Tay River Holdings on its sale to AJ Gallagher’s Pen Underwriting

Business advisory firm Quantuma has advised the shareholders of London-based Tay River Holdings, and its five specialist Managing General Agents (MGAs) on...

Second charge mortgage new business volumes fell by 10% in February 2023

Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at...

Paradigm member firms secure access to LendInvest residential range

Paradigm, the mortgage, protection and compliance services proposition, has today announced its member firms now have access to LendInvest’s new range of...

Landbay’s green five-year fixed rate products are back

Buy-to-let specialist lender Landbay has brought back its green five-year fixed rate range as well as launching two new mortgages and reducing rates on others....

Mortgage Approval Rates Bounce Back, According to the Latest Bank of England Statistics

“The latest Money and Credit statistics from the Bank of England show that mortgage approval rates have increased for the first time since August 2022, in a...

FICO-sponsored Corinium research finds 43% of Financial Services Organizations say they struggle with AI governance structures to meet regulatory requirements

The new white paper published by the UK government to guide the use of AI for responsible innovation places a welcome focus on responsible AI. The five...

FLA response to 2023 Green Finance Strategy

Commenting on the publication of the Government’s 2023 Green Finance Strategy, Stephen Haddrill, Director General of the FLA said: “Considering that this...

UK firms should prepare for new law as employee fraud increases 10% and amount stolen increases five-fold to over £227m

As the Economic Crime and Corporate Transparency Bill makes its way through the House of Lords, a new corporate criminal offence of ‘failure to prevent...

Bank of England Money & Credit – comment

“Today’s Bank of England Money and Credit data shows that despite the winter blues consumer borrowing rose for the second month this year. This rise came...

Outdated processes heighten risk of AML breaches

Regulated firms who continue to rely on manual methods of verification are risking the financial and reputational costs which accompany breaches of anti-money...

Foundation Home Loans refresh core buy-to-let product range and introduce new owner-occupied products

Foundation Home Loans, the intermediary-only specialist lender, has today announced a complete refresh of its core buy-to-let and owner-occupied product...

Allica Bank launches five-year interest-only commercial mortgages supported by the Recovery Loan Scheme as it looks to help more businesses get back to growth

Allica Bank, the business bank dedicated to the needs of established businesses, has extended its owner-occupier commercial mortgage offering to include...

Rental demand up in Q1 of this year, as Cornwall sees highest demand from tenants

The latest Rental Demand Index from estate and lettings agent, Barrows and Forrester, has revealed that Cornwall is currently the hottest spot in the...

Hope Capital announce rates to be fixed on loans above £500k until at least the end of April

Following the Bank of England announcing it has once again raised interest rates, specialist short-term lender, Hope Capital, has announced it will be holding...

Few levers available to Bank than to increase rates

“Once it was revealed this week that inflation had risen to 10.4% in February, followed by the Fed’s decision to raise rates yesterday in the US, it seemed...

B2B credit decisioning tool Fuse offers lenders clearer insights and 97% accuracy in affordability tests

Business credit decisioning tool Fuse by Pave offers lenders 97% accuracy in affordability tests, clearer insights into consumer affordability, reduced rate of...

Central Trust enhances residential criteria

Central Trust, the first and second charge lender, has revamped its residential mortgage range, introducing four new plans and enhancing its lending criteria....

FICO UK Credit Card Market Report: January 2023

New data from FICO on UK card trends appears to reflect the contrasting picture of the economy. January saw inflation slightly pegged back compared to the end...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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%...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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:...

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...

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...

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...

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...

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...

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:...

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...

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...

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...

“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...

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...

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...

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...

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...

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...

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...

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)...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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%...

‘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,...

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...

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,...

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...

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...

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...

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...

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...

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 –...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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....

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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®...

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...

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...

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,...

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...

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...

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....

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....

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...

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...

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...

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...

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...

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...

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...

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....

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,...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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....

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...

HMRC property transaction data comment from LiveMore

Following the latest release of the HMRC monthly property transaction...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....

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...

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...

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...

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....

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...

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...

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...

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...

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...

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...

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%...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...