Despite common perceptions that children typically leave home to spread their wings to new and exciting destinations, research by Nationwide Building Society suggests almost half of homeowners in the UK, simply move down the road. In today’s modern global …
Exciting new mortgage lender launched
White Knights Finance Limited is a new boy on the block that is aiming to buck the current trend of gloom and doom in the UK Mortgage market. From today, White Knights Finance; a lender with a difference, will …
FSA freezes assets of suspected land banking firm
Following a High Court order made on 13 July 2012, the Financial Services Authority can now report that on 13 June 2012 it secured asset freezing orders against a number of companies. These were: Asset L.I. Inc. (trading as …
Bank of England and HM Treasury announce launch of Funding for Lending Scheme
The Bank of England and HM Treasury are today announcing the launch of the Funding for Lending Scheme (FLS). The FLS is designed to boost lending to the real economy. Banks and building societies that increase lending to UK …
Posted in Secured Loans
Tagged Bank of England, FLS, Funding for Lending Scheme, HM Treasury
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We are not ‘risk nutters’ stifling the recovery
Article by Andrew G Haldane, Executive Director, Financial Stability and member of the Financial Policy Committee. As recent events illustrate, restoring trust in our banking system is an urgent priority. To do so will require at least three things. First, …
Posted in Secured Loans
Tagged Andrew G Haldene, Bank of Englans, FPC, secured loans
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Asset finance allowing new businesses to invest
Businesses across the UK are turning to asset finance to allow them to invest in much-needed equipment and vehicles, according to the latest figures from the Finance & Leasing Association, which show year-on-year growth of 11% in May1. Car …
Precise launches Near Prime BTL product to help landlords
In addition to the launch of a new home owner range, Precise Mortgages the specialist intermediary lender has launched a near prime BTL mortgage range that is designed to help landlords who are struggling to get a mortgage from …
Shawbrook builds on its success
Two new highly qualified Regional Business Development Managers will be joining Shawbrook as the bank extends and deepens its regional reach. Tom Clark and Sarah Woolf joined the company in June this year, taking on the responsibility of growing …
Posted in Secured Loans
Tagged Sarah Woolf, secured loans, Shawbrook Bank, Tom Clark
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Paradigm Mortgage Services add Precise Mortgages to panel
Paradigm Mortgage Services, the mortgage services proposition, has today (28th June 2012) added Precise Mortgages to its bridging lender panel. From today, Paradigm’s directly authorised (DA) member firms will be able to access the range of bridging loan deals available …
Posted in Secured Loans
Tagged Alan Cleary, Bob Hunt, Paradigm Mortgage Services, Precise Mortgages
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The evolution of short term lending
Last month seven mortgage networks signed a distribution agreement with Precise Mortgages for short-term lending and we understand more are to follow suit. Prior to this announcement mortgage networks have displayed reticence in associating themselves so publicly with a …