Company behind Topshop and Dorothy Perkins in talks to raise £30m from lenders By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 14 November 2020 | Updated: 21:51 GMT, 14 November 2020 The company behind Topshop and Dorothy Perkins is in talks to raise £30million from lenders. The extra cash will help bolster Arcadia … Read more
Bank of England asks lenders if they are ready for negative interest rates as part of plan to boost economy Banks should prepare for negative interest rates, says Bank of England Deputy governor Sam Woods has written to financial institutions across the UK The idea of negative interest rates is to encourage banks to increase lending … Read more
Goodbye to Britain’s favourite mortgage? Halifax axes two-year fixes for remortgage customers as lenders continue to pull up the drawbridge Halifax has pulled two-year fixed deals for remortgage customers Experts say the lender wants to retain low-risk customers for longer Banks and building societies continue to limit who they will lend to By Will Kirkman … Read more
Will the first rung of the housing ladder soon be off limits? Fears surface for first-time buyers as lenders pull low-deposit mortgages from the shelves Experts are worried first-time buyers may soon be priced out of the market There are now just 51 deals for buyers with a 10 per cent deposit to choose from Mortgage … Read more
Amigo Loans gets another extension until December from its own lenders on £250m finance deal The new deal will reduce the facility’s size from £300m to £250m Amigo says the waiver extension will help it understand the impact of Covid-19 Amigo must clear thousands of complaints before watchdog’s October deadline By Angelique Ruzicka For Thisismoney.co.uk … Read more
NMC Health secures £192m lifeline from lenders By Daily Mail City & Finance Reporter Published: 22:03 BST, 3 August 2020 | Updated: 22:03 BST, 3 August 2020 NMC Health has secured a £192m lifeline from its lenders. Lifeline: The scandal-hit hospitals provider was forced into administration in April The scandal-hit hospitals provider was forced into … Read more
Boost for first-time buyers as lenders bring back mortgages for borrowers with a 10% deposit By Miles Dilworth For The Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:05 BST, 21 July 2020 Lenders are bringing back mortgages for borrowers with a 10 per cent deposit in a boost for first-time buyers. Nationwide … Read more
Illegal lenders who take advantage of cash-strapped customers should be jailed ‘for five years’, say MPs By Daily Mail City & Finance Reporter Published: 21:51 BST, 20 July 2020 | Updated: 21:51 BST, 20 July 2020 The All Party Parliamentary Group on Alternative Lending fears the coronavirus crisis will prompt a spike in illegal lending … Read more
Switch mortgages early to save: Lenders allow homeowners to move to a better rate four months before end of their current deal By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Lenders are allowing homeowners to move to a better rate up to … Read more
Boss of one of Britain’s challenger banks hits out at Treasury for failing to include smaller lenders when it was setting up its lifeline loan scheme By Daily Mail City & Finance Reporter Published: 22:16 BST, 29 May 2020 | Updated: 22:16 BST, 29 May 2020 The boss of one of Britain’s challenger banks has … Read more