Loans

64% of UK consumers borrow

4.3% of adults claim they cannot get by without some form of credit, according...

Prestige introduces 5.6% plan

Prestige Finance has launched a sub-6% plan in response to broker feedback. The new plan,...

New valuable asset lender comes to market

A new alternative lender has launched today, offering individual loans of between £60,000 and...

Tough Mudder challenge for Masthaven boss

Andrew Bloom, managing director of Masthaven Group Ltd, the bridging and second charge lenders,...

Rebrand for Smart Money Loans

Smart Money Loans has rebranded as Smart Money with a new logo and sales...

MSL secures funding line from RBS

Masthaven Secured Loans (MSL) has reported the establishment of its first bank funding line,...

More people applying for credit than last year

39% of adults in the UK applied for at least one form of credit...

Citizens Advice: payday loans lead to “long term nightmare”

One in four people coming to Citizens Advice have a debt problem, the charity...

Report calls for anti-payday loan levy

A one-off levy of £450m on Britain’s £180bn consumer credit industry could create enough...

New hire for Norton Broker Services

Norton Broker Services has recruited Andrew Bonner to join Neil Organ and Lee Schofield...

Strong rise in secured lending

Loans Warehouse's latest secured loans index has reported a month-on-month increase of nearly 19%...

Shawbrook hires STL manager

Shawbrook Bank’s commercial mortgages division has recruited Andy Thurston to the position of short...

Nemo MD steps down

Phil Jones, managing director of Nemo Personal Finance, has stepped down after nine years. The...

Universal Cover criteria extended

British Money, the firm behind the newly-launched protection policy Universal Cover, has extended its...

COMMENT

If you motivate an idiot you just get stupid things done quicker

There's a lot of excitement about artificial intelligence in the mortgage industry right now. Nearly nine in 10 mortgage brokers want technology to play...

AI for brokers: the three lines you should never cross

Most AI advice aimed at advisers is either breathless hype or vague caution. Here is something you can actually act on: a practical way...

Hobson’s Choice: Which root canal treatment would you prefer, Sir?

Now that Andy Pandy from ‘oop norf’ is de facto the Prime Minister elect and will shortly be choosing the colour scheme of No...

Buy-to-let: reality versus a much-peddled narrative

Every few months, it seems, another report emerges suggesting buy-to-let no longer stacks up as an investment proposition. The headlines are often dramatic, the...

A week of progress and reassurance

The past week has brought further reassurance for borrowers. With the Bank of England holding the base rate as expected and inflation remaining steady...

Latest news

Accord trims rates across residential and buy-to-let ranges

Accord Mortgages is reducing rates across its residential and buy-to-let product ranges for the...

RAW Capital Partners records strongest month for lending completions

Specialist lender RAW Capital Partners achieved a record month for loan completions in May,...

Air warns of interest-only mortgage maturity challenge for older borrowers

Thousands of older homeowners approaching the end of their interest-only mortgage terms may be...

Renters face decades-long wait to save a first-time buyer deposit

A third of aspiring homeowners are saving £100 a month or less, leaving many...

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