Shawbrook Bank has announced the promotion of Terry Woodley to Head of Specialist Lending within the commercial mortgage business. Woodley’s elevation is an exciting step in Shawbrook Bank’s continued success and growth in the trading business and property …
Tesco adds mortgages to its banking basket
Tesco Bank extends its range of banking services with the launch of mortgages. Tesco Bank mortgages, which will be available from Monday 6 August, combine great rates with competitive fees to suit customers, whether they are remortgaging or buying …
Cheshire Mortgage Corporation reminds industry not to ignore ‘micro mortgages’
Brokers could be missing out on a group of potential borrowers, Cheshire Mortgage Corporation has warned. According to the specialist lender, there is still plenty of opportunity to sell ‘micro mortgages’ to use for almost any purpose. Clients with …
Posted in Mortgages
Tagged Cheshire Mortgage Corporation, Micro mortgages, Nick Jones, secured loans
1 Comment
Small businesses and health sector to benefit from £10 million funding boost
SMEs and academics working in the life sciences industry have been awarded £10 million in funding, ministers have announced. It is hoped the boost in finance will put the selected businesses and institutions on the path to exploring the …
Britons are wasting £17,000 by being LAZY
Being lazy will cost the typical Brit nearly £17,000 over the course of their lifetime a report revealed yesterday. A study found that using the car wash when a bucket and sponge would do, not taking advantage of price …
Shawbrook Bank streamlines secured lending with new system
Shawbrook Bank has launched a pioneering front-end system for secured lending, to make the journey for referrals and its innovative ‘part packs’ more streamlined for intermediary partners. Shawbrook’s new system allows its intermediary partners to securely submit all necessary …
Posted in Secured Loans
Tagged Loans Warehouse, Maeve Ward, Matt Tristram, secured loans, Shawbrook Bank
Leave a comment
Lenders support use of packagers to deliver better quality business
Abbey’s admission that it would pay more for better quality business demonstrates that there is a need for packagers, which has come full circle since the credit crunch, according to Complete FS’s Director, Tony Salentino. He said, “There is …
Posted in Mortgages
Tagged Alan Cleary, Andrew Ferguson, Complete FS, GE Money, Kent Reliance, Mark Snape, Precise Mortgages, Tony Salentino
Leave a comment
Financial Services Bill facing scrutiny in the Lords
The Financial Services Bill – which will set up the new regulatory architecture for financial services and includes powers to allow the new Financial Conduct Authority (FCA) to regulate credit – is now being considered by the House of …
Posted in Regulation
Tagged CCA, Consumer Credit Act, Financial Services Bill, FLA, OFT
Leave a comment
PPI on course to become biggest consumer financial scandal of all time
HSBC has set aside a further £340m to fund payment protection insurance (PPI) compensation claims, bringing total PPI provisions across UK banks to a staggering £10bn. Last week Lloyds increased the amount set aside for PPI claims to £4.3bn, while RBS …
Posted in Regulation
Tagged payment protection insurance, Peter Vicary-Smith, PPI, Which?
Leave a comment
Land Registry reduces fees by 10 per cent
Efficiency savings made over the last five years by Land Registry, the government department responsible for registering land in England and Wales, mean customers will soon benefit from lower fees. Fees will be reduced by an average of ten per …