UK Lending

Warnings of a slowdown in the UK economy are flashing as inflation soars

The UK economy is heading for a slowdown or recession as consumers and businesses grapple with the uncertainty caused by rapid inflation, tax hikes, rising interest rates and the war in Ukraine. Bank of England Governor Andrew Bailey said on Thursday that the BoE is walking a fine line between …

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Buyers forced to take out 30-year mortgages as house prices soar

The numbers show how, with interest rates and mortgage costs rising, people are having to struggle more and more to climb the ladder. Separate figures show couples are now straining more than ever to get up the apartment ladder. Data released by the Financial Conduct Authority shows that the share …

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Bank of England will not slow down despite falling inflation | inflation

The fall in inflation from 10.1% in July to 9.9% last month will not worry Bank of England policymakers at their interest rate-setting meeting next week. Its Monetary Policy Committee (MPC) is on a mission to raise the cost of borrowing to bring inflation down to 2%. The price growth …

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Buy now, pay later, and the lenders are struggling to survive

They have been touted as the next big thing for the retail landscape, freeing shoppers from the burden of interest-bearing credit cards. But now many lenders are buying now and paying later financial problems even before the government announces its plans to regulate. The rapid growth of small, interest-free, Buy …

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Redfin reports that mortgage rate hikes continue to cool home buying and selling

(NASDAQ:RDFN) – A holiday weekend hike in mortgage rates has sucked much of the remaining energy from the housing market, according to a new report report by Redfin (redfin.com), the technology-supported real estate agency. Home visiting activity took a nosedive, and the proportion of sellers cutting their price remained near …

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Outgoing NSTA boss Andy Samuel on the Great Energy Transition

More than five years ago, the (outgoing) CEO of the former Oil and Gas Authority (now the North Sea Transition Authority), Andy Samuel, and I, always over coffee, enjoyed a series of informal talks about the future potential role of the UK continental shelf in The Great Energy Transition . …

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The UK has flagged $1.3 billion in COVID rebound loans as a suspected source of fraud

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Sign up now for FREE unlimited access to Reuters.com to register LONDON, September 2 (Reuters) – The UK government is to release data showing around £1.1 billion in small business loans ($1.27 billion) made under a …

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PRS reform will have “adverse” effects on HMOs, landlords say

The government’s private rental sector (PRS) reform plans will negatively impact multi-use homes (HMOs) and the investment and supply of these properties. According to real estate investment franchise Platinum Property Partners, the proposed Renters Reform Bill does not specifically exclude professional or student HMOs, just as it excludes …

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Wigan-based Unify Credit Union receives a national award for its work tackling loan sharks

Unify Credit Union has been recognized by the England Illegal Money Lending Team (IMLT), which investigates and prosecutes illegal money lenders while providing support to those who have borrowed money from a loan shark. Its new accreditation program recognizes organizations working with IMLT to raise awareness of loan sharks and …

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New specialist bank on Teesside will help boost property sector

The property sector across the UK is expected to receive a £3bn boost as specialist bank GB Bank officially opens in Middlesbrough after receiving its full UK banking licence. The banking license allows the bank to move forward with its ambitious plans. It has committed to lending £3bn over five …

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Breaking news about Russia and the war in Ukraine

25 dead confirmed in Russian attack on train station in central Ukraine According to the Ukrainian newspaper Kyiv Independent, 25 people are now dead after a Russian missile attack on a train station in central Ukraine. The attacks took place on August 24, Ukraine’s Independence Day, before which Ukrainian President …

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China threatens to ‘swarm’ Britain’s Royal Navy: How Xi’s forces are faring | world | news

China will pay a “heavy price” if it invades Taiwan, President Tsai Ing-wen warned on Tuesday. Her message to Beijing — which considers Taiwan part of China — coincided with the anniversary of Taipei repelling Chinese attacks on the Taiwan-controlled islands of Kinmen and Matsu in 1958. More than six …

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Cross River Bank’s PPP lending raises questions

While Cross River Bank Having done a massive amount of work early in the pandemic to help small businesses obtain loans under the Paycheck Protection Program (PPP), there are concerns about borrowers not seeking forgiveness. The bank has taken in around $1 billion in fees for handling US aid. After …

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Live News Updates: Gazprom announces three-day closure of Nord Stream 1 for late August

©Reuters Gazprom said it would shut down the Nord Stream 1 pipeline, which supplies gas to Europe via the Baltic Sea, at the end of August, further disrupting gas flow to Europe as energy prices soar and the continent scrambles for supplies following Russia’s invasion of Ukraine. Russia’s state-owned gas …

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Live News Updates: UK becomes first country to approve Omicron vaccine

Afghanistan has two anniversaries ahead of it. Friday is Independence Day, which commemorates the signing of the 1919 Treaty of Rawalpindi, in which Britain granted Afghanistan autonomy over its foreign policy. However, most will be more concerned with Monday, which marks a year since the Taliban regained control. This week …

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It remains to be seen where housing will sit on the “upcoming policy agenda”.

Nicky Stevenson Tory nominees Liz Truss and Rishi Sunak continued their heated arguments this week over how they would deal with the cost of living crisis if they became prime minister. In a sixth official leadership meeting, Truss and Sunak focused primarily on taxes as they discussed ways to help …

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Do not discount the discount completely

“Even those prospective borrowers who think a fixed-rate mortgage is their only option may well benefit from the flexibility of a discounted mortgage.” This means that taking out a fixed-rate mortgage makes a lot of sense for most common home purchases. This can also apply to landlords looking for greater …

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Hubbub and Virgin Media O2 launch digital lending program to clean up e-waste

Environmental group Hubbub and mobile operator Virgin Media O2 have given five charities a £400,000 share of their Tech Lending Community Fund to support programs that reduce e-waste and provide tablets and data to those in need. The organizations said five organizations across the UK have received grants of between …

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Credit crunch looms for auto lenders

The credit crunch is looming for auto lenders – perhaps most immediately for those lending to the subprime market. For this purpose and as mentioned on Tuesday (2 August) by sites like I’m looking for alpha credit acceptancewhich helps auto dealers offer vehicle financing — including to consumers with less …

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US credit card issuers compete for new business

Credit card lenders have increased their marketing efforts to attract new borrowers, showing confidence in US consumers even as the economy may be headed for recession. According to a Financial Times, the volume of paper and digital mail requests rose for the second straight quarter after rising 47% in the …

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The global commercial lending market is estimated to surpass US$27,406.6 billion over the period 2021-2028, growing at a CAGR of 14.4%

The commercial credit market is expected to grow immensely by 2028 due to the lowest interest rates. The SME sub-segment is expected to be very beneficial. market in Asia Pacific better growth opportunities are forecast for the region up to 2028. NEW YORK, July 29, 2022 /PRNewswire/ — Research Dive …

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​Buy-to-let boom – why now is the ideal time to expand your residential real estate portfolio | insight

Although the stamp duty holiday ended last fall and interest rates have since risen to their highest levels in more than a decade, Buy-to-Let remains an attractive investment for newcomers or seasoned professionals with large portfolios looking to expand. In fact, a recent survey conducted by BVA BDRC shows that …

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Bankruptcy Service Notifies Greensill Bosses About Probe | business news

The Bankruptcy Service has written to Lex Greensill and other former directors of the supply chain finance group that bore his name as it intensifies an investigation that could trigger a formal proceeding to disqualify them as company directors. Sky News has learned that the unit which investigates company failures …

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Alt gets into lending so you can borrow money against your trading card collection

We’ve written about it a few times Old, a platform that helps trading card collectors (think Pokémon, NBA, NFL, etc.) research, buy/sell, and safely store high quality cards. This week, after a few months of silent testing, the company announces a new product: Alt advance. The idea? If you have …

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Molo Talks BTL Loans; Brokers discuss lender empathy on Lenders Live

Francesca Carlesi, co-founder and CEO of Molo, said the digital mortgage lender is now in a “better position” and has “learned our lessons” after temporarily suspending its buy-to-let (BTL) lending earlier this year have “funding questions”. Lending was suspended in April due to “recent changes in capital markets” from where …

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GCP ASSET BACKED INCOME: Trust aims to generate steady income

GCP ASSET BACKED INCOME: Trust’s mission is to provide steady income with occasional special dividends in good times By Rachel Rickard Straus, Financial Mail on Sunday Released: 4:50 p.m. EDT, July 16, 2022 | Updated: 5:20 p.m. EDT, July 16, 2022 The core mission of GCP Asset Backed Income is …

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Plaid adds support for digital asset sharing

payment processing company plaid now supports digital asset exchanges and investment platforms to accommodate the growing number of people using cryptocurrencies. Binance.US, Gemini, Robinhood, and SoFi will be supported on the Plaid network initially, with Blockchain.com, BitGo, and others joining later this year, according to a blog entry Thursday (July …

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Children in low-income countries 16 times more

Children with retinoblastoma eye cancer in a low-income country are 16 times more likely to die within three years of diagnosis than children in high-income countries, according to a new study published in The Lancet Global Health. The research, led by the International Center for Eye Health (ICEH) at the …

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Mansfield BS joins the Board of The Money Group

“We look forward to working with Tom and his team to ensure the consultants in our group have all the products and tools they need to provide the best service to their clients.” The new agreement gives TMG’s direct authorized advisors access to The Mansfield’s range of residential and buy-to-let …

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UK Tax Roundup – June 2022 | Proskauer Rose LLP

Welcome to the June edition of the UK Tax Round Up. This month’s edition features a summary of HMRC’s recent guidance on QAHCs and loan funds, the publication of the new UK-Luxembourg double taxation agreement and the delay in the UK’s implementation of the OECD-related Pillar Two rules on global …

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Demand at UK’s largest pawnbroker hits record high amid cost-of-living crisis | UK cost of living crisis

A record number of people are pawning items to borrow money from Britain’s largest pawnbroker amid an escalating cost of living crisis. H&T Group said in a trading update issued Monday that “loan pledging” — loans secured against a customer’s valuable items such as watches or jewelry — is at …

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More UK households are turning to expensive lenders, says Charity | Borrowing & Debt

Troubled UK households are turning to expensive lenders in growing numbers as the cost of living crisis leaves them unable to pay their bills, anti-poverty charities have warned. It comes as subprime lender Amigo, which has agreed to pay compensation to customers who sold unaffordable loans, announced plans to launch …

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Billions of dollars in new short positions were flattened against UK names

According to technology and data analytics firm S3 Partners, the short selling market is alive and well, with £28.9 billion worth of positions currently active in the UK. June delivered another surge, with a further £2.4bn of shares shorted to offset an overall £2.5bn share price decline as short sellers …

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Britain joins US, Canada and Japan at G7 summit to ban Russian gold imports

New exports of Russian gold will be banned to the UK, US, Canada and Japan after Sunday’s G7 summit in Germany agreed tough new measures aimed at putting pressure on Russian President Vladimir Putin in the conflict with exercise of Ukraine. Gold is a major Russian export worth £12.6 billion …

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Kuflink plans to launch a BTL credit product in June

Kuflink will launch its first-ever buy-to-let (BTL) lending product by the end of June 2022, as the peer-to-peer lending platform prepares to expand its offering even further. Narinder Khattoare, Managing Director of Kuflink, describes the BTL product as “a natural progression” for the company, which specializes in P2P real estate-backed …

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HMRC Updates Crypto Guidance on DeFi and Taxes But will the chosen approach stand the test of time? – Fintech

To print this article, all you need to do is register or log in to Mondaq.com. On February 2nd, 2022, HMRC released a long-awaited update to its Cryptoassets Handbook on the tax treatment of ‘decentralized finance’ (‘DeFi’), an increasingly popular crypto investment space. The update (which can be found HERE) …

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Today in FinTech: Patent pending; Crypto Advisor

In today’s FinTech news, a UK firm has filed a patent protecting its digital wallet technology and a community bank is stealing a compliance chief from Robinhood. Also, APIs are used to collect data from team members as professional racing cars compete against each other. Tintra files for UK patent …

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Global Fintech Lending Market 2022 Industry Outlook, Business Strategies and COVID-19 Impact Analysis 2028 – Female Designers

MarketsandResearch.biz has just published a report on the Global Fintech Lending Market from 2022 to 2028 which provides a comprehensive and in-depth analysis of the current scenario, focusing on critical variables, marketing tactics and the future success of key players. The report provides valuable information such as profit margins and …

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Profits rise in ‘outstanding’ first half for bank

Paragon Banking Group reported “excellent” results for the six months ended March 31 – with profits rising sharply. Underlying earnings rose 27.3% to £105.6 million, while new loans rose 32.2% to nearly £1.5 billion. The bank says it has “strong” pipelines for new business entering its second half. Nigel Terrington, …

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Increase in demand for loans revealed with second burden

Second-charge mortgage specialist SoMo said inquiries from advisors about these loans rose 63% in April information campaign. SoMo’s goal is to ensure mortgage advisors know how second-charge loans can help many of their clients, and research data for April suggests that strategy is paying off. Second mortgages now account for …

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UK’s biggest lenders are no longer ‘too big to fail’, says Bank of England | Bank of England

The UK’s biggest banks are no longer “too big to fail” and could foot the bill for their own failure, the Bank of England said, but found shortcomings at three banks including HSBC and Lloyds. Fourteen years after the financial crisis that threatened to collapse the banking system and led …

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Soldiers fall prey to loan sharks as veterans’ charity calls for urgent action

Exclusive: Messages found on the phones of two men after their sudden deaths suggested they were being followed to repay their comrades. It is feared that the cost of living crisis will aggravate the situation Some soldiers turn to loan sharks to make ends meet ( (Image: Getty Images/iStockphoto) Defense …

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Saudis queue for mortgages as kingdom boosts market

High school teacher Othman Abdel Jabbar never imagined he could own a home in his native Saudi Arabia, where high prices and a lack of mortgage financing meant the resource-rich Gulf state was lagging behind its G20 peers in home ownership. But last month Abdel Jabbar, 36, entered a one-stop …

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Compliance experts claim that there is still a place for ARs in P2P

A compliance expert has claimed that despite the crackdown by the city regulator, there is still a place for Appointed Representatives (ARs). Mark Turner, managing director of Kroll’s financial services compliance and regulation practice, said many ARs follow the rules and operate in line with regulator expectations and will continue …

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JPMorgan Chase’s digital banking experiment in the UK looks promising

About eight months ago JPMorgan Chase (JPM 1.41%), America’s largest bank, has launched a digital consumer bank in the UK. The goal was not only to establish a presence in the UK consumer banking market, but also to pilot a digital banking model that can be scaled to other countries …

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Google’s advertising practices in the UK examined

In today’s headlines from Europe, the Middle East and Africa, the UK’s Competition and Markets Authority is launching its second inquiry into Google’s advertising practices this year. Also, ultra-fast food services are starting to shed jobs, the FCA is trying to streamline the London Stock Exchange’s listing rules and BNPL …

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Should You Invest in Banks Amid Higher Inflation?

British banks have been largely overlooked and unloved by investors in recent years, and perhaps for good reason. Over the past decade, the FTSE All-Share has delivered a total return of 99.6%, while the UK banking sector has returned a paltry 17.5%. Much of this dismal performance can be attributed …

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“My bank said I had to quadruple my mortgage payment or sell my house”

Those who have suddenly struggled to fill the gap have turned to declassifying stocks. In the first three months of this year, 42 percent of equity release clients used the money to pay off a mortgage, according to Key Later Life Finance, a financial planner. This accounted for more than …

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Chancellor outlines further economic support for Ukraine at the G7 meeting in Bonn

Rishi Sunak also discussed how global partners can continue to work together to mitigate the impact of war on the global economy He will also urge G7 colleagues to keep up the momentum and implement the historic agreement on global tax reform – to ensure companies pay their fair share …

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Landbay changes its name to Broker Po…

Specialist buy-to-let fintech lender Landbay has launched its most comprehensive and intuitive brokerage portal amid a bold new brand. The new brand is intended to set Landbay apart from the industry’s traditional image – and the brand line, “Your credit partner” reflects the trusting relationships Landbay has with …

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Digital Lending Platforms Market Size, Share, Trends, Outlook and Forecast to 2029 – SMU Daily Mustang

New Jersey, United States – That Digital Lending Platforms Market The report includes the upcoming challenges and opportunities in the market. It ensures a strengthened market position and a growing product portfolio by providing all the important details about market growth. It reveals some of the key insights and focuses …

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Credit Strategy – CS – Breaking News

88.8% of creditors voted in favor of the new business model, with the company receiving 145,532 votes in favor and 18,401 votes against. The scheme proposes an initial contribution of £97m to be generated from internal resources – with a significant part coming from the reduction of the existing loan …

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Britain pledges military aid to Sweden and Finland as they move closer to joining NATO against Putin’s wishes

The UK on Wednesday signed new security deals with Sweden and Finland aimed at strengthening the two countries’ defenses against Russia on their way to NATO membership. The UK has pledged to defend either country if support is requested in the event of an attack. The agreements are mutual. In …

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A defining moment for the future of crypto asset payments in the UK

Of Joaquin Ayuso de Paul, Head of Nium Crypto Cryptocurrencies are coming under regulatory pressure around the world, but some exciting developments have come out of the UK in recent weeks. The British Treasury announced that it intends to bring stablecoins under the purview of the Financial Conduct Authority (the …

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RBI rate hike came as a surprise because…: Treasury Secretary Nirmala Sitharaman

The minister received an award for her handling of the economy through the pandemic The Reserve Bank of India‘s (RBI) move to raise interest rates is part of a synchronized action by global central banks and came as a surprise only because it came between policy reviews, Finance Minister Nirmala …

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Maersk loses over $717 million to Russia in the first quarter

Macro Snapshot – Fed expects rate hike to fight inflation; French services see strong growth RIYADH: The US Federal Reserve is expected to hike interest rates as it fights inflation levels, while the Reserve Bank of India hiked interest rates by 40 basis points for similar reasons. According to the …

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Butterfield makes senior management appointments

HAMILTON, Bermuda–(BUSINESS WIRE)–The Bank of NT Butterfield & Son Limited (“Butterfield”) (NYSE: NTB | BSX: NTB.BH) today announced the promotion of Michael Schrum to President and Group Chief Risk Officer. Craig Bridgewater has been promoted to Group Chief Financial Officer and joins the Executive Committee. Mr. Schrum, who has served …

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From recession to inflation, how the US Federal Reserve handled crises

The US Federal Reserve has given a clear signal that it will hike interest rates by half a percentage point this week to curb rising inflation and is likely to continue to rise throughout the year. The Fed has long played a crucial role when the world’s largest economy faces …

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Sancus joins the UK team with Clare Tiffany Cuff from Together

Peer-to-peer home loan platform Sancus has continued its hiring spree with the appointment of Clare Tiffany Cuff. Cuff will join the Sancus UK team from May 3rd. She was previously Regional Development Director at specialist lender Together, which she left in December 2020. After leaving Together, she took some time …

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British digital bank Starling is valued at £2.5 billion

British digital bank Starling has doubled its valuation to over £2.5 billion ($3.15 billion), the Financial Times reported on Tuesday (April 26). Starling is reportedly trying to build on the expansion it has experienced during the pandemic and is considering an initial public offering (IPO) within a few years. That …

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Durkan carries out a security review of buildings in the UK in the wake of the Grenfell fire

Irish-owned construction group Durkan Holdings Ltd is investigating houses it has built in the UK for potential safety issues. The UK is revising fire safety laws for flats and houses after a fire that killed 72 people at London’s Grenfell Tower and is asking builders to adapt existing buildings to …

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Investing in Venus (XVS) – Everything you need to know

The DeFi sector has revolutionized finance, making it decentralized and accessible to all, without any kind of bias. This is very beneficial when it comes to things like staking and yield farming, but it can lead to life-changing opportunities when it comes to things like lending. As you know, getting …

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US fintech unicorn Cross River Bank is set to back Revolut’s consumer lending

Alternative Lendingdigital banking A partnership between two highly respected startups on both sides of the Atlantic. Image source: Revolut. Revolut is ramping up its American ambitions with a partnership it says will enable a wave of consumer credit, including credit and personal loans, for its US customers. The partnership is …

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Ukraine War: Russia imposes travel bans on Boris Johnson and other British officials

The diplomatic rift between Russia and the West widened further on Saturday when Moscow barred British Prime Minister Boris Johnson and a dozen other senior British officials from entering the country in response to British sanctions. The ministry’s statement cited “unprecedented hostile actions by the UK government, particularly in the …

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Are Innovative Financial ISAs Worth the Risks?

Innovative financial institutions invest in P2P loans that can pay attractive interest rates This type of debt carries a number of risks, including default, bankruptcy and lack of liquidity For retail investors, there are fewer P2P options than there used to be Innovative Finance Individual Savings Accounts (Ifisas) have their …

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Blend secures £120m raise to give UK property developers extra ‘muscle’

Monday, April 11, 2022 4:33 p.m Property equity firm Blend Network has secured a record £120m boost to lend that extra ‘muscle’ to UK developers. Blend, backed by OakNorth Bank chairman and former Barclays vice chairman Cyrus Ardalan, snagged the sum from a syndicate of six major family offices “Receiving …

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Putin humiliated as terrified soldiers exit TANKS in ‘hasty’ retreat | world | news

After temporarily relocating from the Ukrainian capital to Poland following Russia’s invasion of Ukraine, the European Union is resuming its diplomatic presence in Kyiv, it announced on Friday. EU Ambassador to Ukraine Matti Maasikas “returns to Kyiv to increase EU presence and ensure support from our Ukrainian partners,” the bloc …

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UK shoppers at Westfield Malls get the BNPL option

Customers at more than a dozen stores at Westfields shopping centers in London and Stratford City can now use the Buy Now, Pay Later (BNPL) option when shopping, Bloomberg reported on Wednesday (April 6). Clearpay Finance Solutions, a payment processing provider based in Manchester, England, has entered into a partnership …

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Fintech Freetrade starts in Sweden

British fintech Freetrade announced its upcoming launch in the Swedish retail market. They recently received regulatory approval from financial inspectionsa first step towards possible expansion into other EU countries. free tradea seven-year-old startup with more than 1 million customers, has raised funds through a mix of investors including Left Lane …

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Wirex consumers’ crypto concerns need to be addressed

In this week’s top news from Europe, Middle East and Africa (EMEA), not everyone has been buying cryptocurrencies, but crypto awareness has gone through the roof; and Dutch payments group Adyen unveils a range of embedded financial products. Also, London-based real estate tech startup Goodlord raises £27 million (about US$35.4 …

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British judges withdraw from Hong Kong’s final appeals court | Hong Kong

British judges have withdrawn from the last appeals court in Hong Kong, raising concerns that their continued participation appears to support the current government amid dwindling political liberties and freedom of expression in Chinese territory. Lord Reed, the President of the UK Supreme Court, the country’s highest court, said he …

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Cracknore Investment secures loan for energy-from-waste plant

Plans for a new energy-from-waste plant near Birmingham have moved ahead after developers secured a fresh round of funding. Cracknore Investment has secured a £3m loan agreement with Broadwood Capital, through which it has acquired 20 hectares of vacant industrial land in Hams Hall. The plan is to build a …

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What is cash flow-based lending for MSMEs to cover operating costs?

Lending and finance for MSMEs: Lenders’ increasing focus on cash flow-based lending has emerged amid the Reserve Bank of India’s (RBI) proposal to introduce cash flow-based lending in place of balance sheet-based lending. Credit and financing for MSMEs: The credit gap in the MSME sector is massive, around 20 to …

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NatWest will enter the buy now pay later market this summer

NatWest plans to enter the Buy Now Pay Later (BNPL) market, allowing customers to split their purchases into multiple payoffs starting this summer. BNPL options often appear at online checkouts and can help people avoid paying interest on their borrowing. NatWest said its new offering will give its customers the …

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Online Clothing Rental Services Market Size and Forecast

New Jersey, USA,- The latest report published by Verified Market Research Reports shows that the Online clothing rental market is expected to grow strongly in the coming years. Analysts have studied market drivers, restraints, risks, and opportunities in the global market. The Online Clothing Rental Market report depicts the likely …

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Why top lenders are laying the foundation for purely digital banks

SBI is revamping its mobile application to transform into a full digital bank, which will be called Only Yono. HDFC Bank is working on a similar plan. What does this mean for the future of banking? subjectsDigital Banking | SBI Yono | HDFC bank India currently has no …

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Google Profits From “Predatory” Loan Ads Promising Instant Money | Google

Google is benefiting from ads promoting “instant” cash and loans delivered “faster than pizza,” despite promises to protect users from “deceptive and harmful” financial products. The ads were served to people in the UK searching for terms like ‘quick money now’ and ‘need money help’, directing users to companies offering …

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The Council-backed loan program provides credit for essential home repairs

A RAT-backed low-interest loan program can help local homeowners make important repairs and efficiency improvements to their home. Rises in food and energy bills are hitting wallets even harder this year, so West Devon Borough Council is reminding residents about a local scheme to help with the cost of repairing …

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Rental stock falls below pre-pandemic levels…

New research results from the expert for real estate loans, octane capitalhas shown that stock levels in the rental market have fallen sharply in major UK cities. To generate these results, the rental stock in 21 major UK cities was analyzed and how rental housing availability has changed …

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Investec launches dual representation for mortgages

“Our embedded credit team already gives us the ability to make decisions quickly, and the ability to have dual representation should make us even faster for many clients.” This rule has the potential to reduce the time required for legal reviews by eliminating …

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UFOs and Freezer Disasters Contribute to UK Household Food Waste – Gregg Wallace Shows How

Gregg Wallace wants to help the world get a grip on food waste (Photo: Richard Walker/PA Wire) get food waste under control With UK households wasting an average of eight meals a week (87,000 tonnes of food waste across all households in seven days), TV presenter Gregg Wallace is taking …

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Royal London ‘ready to move on’ after failed LV bid

Royal London is “ready to move on” after the failed bid for LV as it outlines plans to expand into new products to help Britain’s aging population By Lucy White for the Daily Mail Released: 4:56 PM EST, March 4, 2022 | Updated: 4:56 PM EST, March 4, 2022 Royal …

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How Queen Elizabeth came to rescue Snoop Dogg

Coincidentally, Prince William and Prince Harry were huge fans of Snoop Dogg throughout his career. The artist explains that they were behind Her Majesty’s decision to allow him to enter the UK to perform in 1994, despite the murder charges pending against him. “[T]The Queen said her grandchildren loved Snoop …

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Britain imposes sanctions in response to Russian invasion of Ukraine

Friday February 25, 2022 The UK government has announced in addition to the sanctions and export controls imposed on Russia on February 22, 2022. This escalation in sanctions comes in response to Russia’s military advance into Ukraine on multiple fronts. The following is a high-level general summary of these measures, …

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Action to release £880m from dormant assets to boost opportunities across the country

The public consultation will start in the summer to look at good reasons to benefit from an extra £880m Suggestions to encourage investment in youth programs, social enterprise and money management support Youth activities, community projects and other good causes could benefit from an extra £880million after the Government took …

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In fashion! The best P2P lending platforms for your IFISA

Just like everyone has their own taste in clothing or cars, choosing an Innovative Finance ISA (IFISA) comes down to personal preference and risk tolerance. Here are some of the best peer-to-peer lending platforms for your IFISA and what to consider. The highest rate P2P lending platforms display target interest …

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Courtney Cox reveals the moment she realized how ‘weird’ injections made her look

Courtney Cox admits she’s been chasing youth for years. (Getty Images) Courtney Cox has shared her regret at “putting things in my face” as she admitted she’s been “trying to chase youthfulness” for years. The 57-year-old actress opened up about the moment she realized how “weird” her face looked after …

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EMEA Daily: UK crypto less regulated than US

In today’s top news from Europe, the Middle East and Africa, cryptocurrency lenders in the UK are less regulated than in the US, and the European Union accused China of blocking European tech companies from defending their patents in court. In addition, London-based FinTech Nous closed an $8.9 million funding …

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Housing Capital Hotspots – Britain’s Most Valuable P…

A study by specialist property finance firm Octane Capital estimates that homeowners across England have accumulated over £2.547 trillion in equity in their homes and has identified which areas of the property market are the most valuable based on that equity. Octane Capital analyzed the level of home …

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Assetz Capital targets £1 billion in annual lending

Assetz Capital is set to hit £1bn in lending this year and £1.5bn in 2023. An upbeat report from the peer-to-peer lender says the platform is expanding home lending and aims to be responsible for financing a quarter of the UK’s small and medium-sized enterprise (SMEs) built homes over time. …

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British regulators warn banks against using AI in loan applications

UK financial regulators have warned banks looking to use artificial intelligence to approve loan applications that they can only use the technology if they can show it doesn’t compound discrimination against minorities who are already struggling to get credit. According to several people familiar with the talks, watchdogs are increasingly …

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Securities Finance January 2022 snapshot

$836 million in January from securities financing Revenue in January fell 15% year over year Demand for ADR loans declined Taiwan and South Korea lead APAC recovery EMEA and US equity returns continue to fall Global securities financing revenues for January totaled $836 million, down 15% year-on-year. January saw …

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Nationwide extends 5.5x income borrowing to 95% LTV

“We know it can be difficult for some to raise even a 10% down payment, which is why we’re extending Helping Hand to our 95% loan-to-value ratio.” The company’s “helping hand” offering gives first-time buyers the opportunity to borrow more when they take …

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EPCs – the building blocks of data for greener real estate

Mark Blackwell Chief Operating Officer, Core Logic UK Where and how we live understandably plays a critical role in our national quest for net-zero living. Last year the National Housing Federation released a report that calculated for the first time that England’s 25 million households – which produce 58.5 million …

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Aid organizations are demanding the release of cash flows to Afghanistan as the humanitarian crisis worsens

Recent Western efforts to boost cash flows to Afghanistan will do little to deal with the country’s growing humanitarian crisis without broader reforms to get money to ordinary people, aid organizations have warned. the US and the British Treasury Both have issued clarifications in recent days to reassure banks that …

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Planned CBDC in Myanmar raises human rights concerns

Myanmar, which is ruled by the military junta, plans to create a central bank digital currency (CBDC) that will be legal tender alongside the kyat. The repressive ruling military council said it believes a “digital currency will help boost financial activity in Myanmar,” Deputy Information Minister Maj. Gen. Zaw Min …

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Nationwide rush to raise mortgage rates – first lender to do so

Britain’s largest building society Nationwide has become the first lender to announce it will hike mortgage rates after the Bank of England decided to raise interest rates. The announcement came shortly after the central bank announced that its interest rate would rise to 0.5 percent from 0.25 percent in a …

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Excluding Russia from the Swift system would not be surgical

Nuclear weapons are the only real – but unthinkable – nuclear option in a war. Some politicians and pundits nonetheless see Russia’s exclusion from the Swift payments alliance for banks as one in the West’s arsenal. It would fall short for more than definitional reasons. Around 100,000 Russian troops are …

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How the UK Government lost £4.9bn to Covid loan fraud | economic policy

In the closing days of April 2020, bankers and Treasury officials sat in front of laptops in makeshift home offices across the country, negotiating the terms of the government’s fastest-moving pandemic rescue plan. The country was in its sixth week of national lockdown following the Covid outbreak, and the Treasury …

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Equifax announces international expansion of its verification services

Equifax announced international expansion of its verification services based on the company’s multi-year investment in the Equifax Cloud. Verification Exchange, a secure, automated cloud-based service that streamlines the process of verifying employment and income information, is now available in Australia and the UK, shortly after the service’s launch and success …

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Should you leave your partner to avoid a hefty stamp duty bill?

Image source: Getty Images Share this page: Stamp duty Property tax – I will now refer to it simply as ‘stamp duty’ – is the tax levied on the purchase of UK property valued above a certain threshold. Thresholds vary slightly depending on where the property is located in the …

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Get a bigger mortgage if you have a greener home, Halifax says

As banks fear rising energy prices will hit borrowers… Halifax’s big idea to sustain the mortgage boom: bigger loans if you have a greener home By Emma Dunkley, Financial Mail on Sunday Released: 21:50 GMT, 22 January 2022 | Updated: 21:50 GMT, 22 January 2022 Halifax is launching a “green …

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Elderly couple who were illegal moneylenders had to pay back £136,623 or face jail time

An elderly couple who ran an illegal moneylending business have been ordered to pay back £136,623 over the next three months or face 18 months in jail. Alan and Joyce Fromson appeared at Teesside Crown Court on Wednesday after a criminal inquiry found their business – which operated without the …

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What next for UK mortgage rates? – Forbes UK consultant

News today from the Office for National Statistics shows that UK house prices rose 10% in the year to November 2021, up from 9.8% in the year to October. The cost of an average home was £271,000 in November, up from £246,000 compared to 12 months earlier. This price hike …

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The UK is scrutinizing utility payments to protect consumers from high bills

The UK is considering a radical intervention in the electricity market, under which the state would make payments to utilities if wholesale gas prices rise sharply to soften the blow to consumers The proposal, pushed by energy companies, has been called “plausible” and “logical” by government insiders, but concedes that …

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New community lending library for Kennett Valley Primary School

A Calne CARPENTER has set up a community library for Kennet Valley Primary School in Lockeridge, delighting staff and students with his original take on the usual telephone bookshop. The unique new library was installed near the school gates in the playground so that the entire school community including children, …

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US prices are rising at their fastest in 40 years

This article is an on-site version of our newsletter, The Road to Recovery. Sign up here to get the newsletter straight to your inbox three times a week Good evening It was another milestone day for inflation news. Figures released today showed that US prices rose at the fastest rate …

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