A new mortgage lender is planning to offer UK borrowers the ability to fix the rate of interest on their mortgage for up to 30 years. Perenna, which raised £7.3million during its latest funding round and plans to launch this summer, wants to bring ‘fixed for life’ mortgages to the UK market. UK borrowers will … Read more
Amigo’s future in hands of its customers as it launches scheme designed to tackle complaints while staving off collapse By Daily Mail City & Finance Reporter Published: 22:20 GMT, 21 December 2020 | Updated: 22:20 GMT, 21 December 2020 Amigo’s future is in the hands of its customers as it launched a scheme designed to … Read more
Vector Capital, specialist lender which provides short-term loans for small businesses, planning to float on stock market on December 29 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 20 December 2020 | Updated: 21:50 GMT, 20 December 2020 A British lender is set to make its debut on the London Stock Exchange. Vector … Read more
DIRECTOR DEALS: Metro Bank boss Daniel Frumkin snaps up 1.85m shares in the lender for £1.1m By Daily Mail City & Finance Reporter Published: 21:50 GMT, 6 November 2020 | Updated: 21:50 GMT, 6 November 2020 The Arsenal-supporting boss of Metro Bank snapped up 1.85m shares in the lender. British-American businessman Daniel Frumkin, 56, who … Read more
Aspiring homeowners struggling to raise a large enough deposit to qualify for a mortgage might find they now have an alternative option – available through Instagram. Generation Home is a brand new mortgage lender, launching earlier this month and marketing its home loans to Britons through social media. While all other UK mortgage lenders require … Read more
Hundreds of thousands of people still on breaks from their mortgages and unsecured debts face a potential ‘lender lottery’ from next month as blanket protections are removed. Banking body UK Finance said financially vulnerable people benefiting from 323,700 payment holidays across mortgages, credit cards and personal loans will be offered help ‘tailored to their individual … Read more
I had my mortgage approved but then learnt I will be made redundant: Do I have to tell the bank even though I’m confident I’ll find another job? By This Is Money Reporter Published: 07:48 BST, 1 October 2020 | Updated: 07:48 BST, 1 October 2020 I am in the middle of buying a home … Read more
Struggling to get a mortgage? Try a broker…or a small lender By Sarah Bridge, Financial Mail on Sunday Published: 21:51 BST, 19 September 2020 | Updated: 21:51 BST, 19 September 2020 It’s mayhem in the mortgage market at the moment due to a paperwork backlog at banks and pent-up demand from the lockdown. Lenders are … Read more
Sub-prime lender Provident Financial slumped to a £32.6million loss in the six months to 30 June, new results show. The group, which runs Vanquis Bank and Moneyfarm, said the loss was better than it had been expecting given the potential impact of Covid-19 on its business. Provident now plans to repay all the cash it … Read more
Doorstep lender Non-Standard Finance teetering ‘on the brink’ of collapse due to pandemic By Lucy White For The Daily Mail Published: 21:51 BST, 25 June 2020 | Updated: 21:51 BST, 25 June 2020 A major doorstep lending group has warned its future hangs in the balance because of the effects of the coronavirus pandemic. Non-Standard … Read more