British Business Investments has agreed a new facility to Shire (Shire Leasing plc and Shire Securities Ltd) to enable an increased flow of asset finance solutions to UK smaller businesses. The facility, made from the Structured Financial Institutions Solutions variant of the Bank’s Investment Programme amounts to £25m of block discounting funding. It will enable […]
UK companies explore business opportunities with 50 women-led businesses from ten countries – Ghana, Kenya, Mozambique, Nigeria, Rwanda, Zimbabwe, Bangladesh, Mongolia, Nepal and Pakistan – following a trade mission in Manchester. As part of the trade mission, British buyers looking to diversify their supply chains met women entrepreneurs working in the fresh and processed agrifood, […]
Funding 365 has today confirmed a cut in interest rates for its unregulated Residential Bridge and Light Refurbishment products, which are available to all brokers with immediate effect. Both products now feature monthly interest rates from 0.69%pm up to 65% LTV, from 0.74%pm up to 70% LTV and from 0.79%pm up to 75% LTV. Qualifying […]
Buy-to-let lender Landbay has announced rate reductions across its product range, with rates cut by as much as 0.30%. The biggest reductions can be found in Landbay’s popular small HMO/MUFB range, which has seen reductions of up to 0.30%. Rates now start at 5.04% for a small HMO/MUFB five-year fixed rate product, available at up […]
Federal Reserve Chair Jay Powell must make an unequivocal stand for the central bank’s independence as he testifies before Congress this week, warns deVere Group, one of the world’s leading financial advisory organizations. Nigel Green, CEO of deVere Group, says: “Markets and investors need absolute clarity from Powell that the Federal Reserve will not bow […]
Credit and debit card spending grew 1.9 % year-on-year in January – the highest uplift since March 2024, but remaining lower than the latest CPIH inflation rate of 3.2 %. Despite falling consumer confidence in the UK economy, down five percentage points to 21 %, non-essential spending grew 2.7 %, led by the resilient performance […]
Allica Bank today announces rate reductions across three key commercial finance products. Rates for its commercial mortgages, healthcare and asset finance products are all being cut, following earlier reductions in 2024. Allica introducers will see these reductions reflected in owner-occupied mortgages with rates lowered by 0.20% on loans under 60% LTV, while semi-commercial investment and owner-occupied […]
As the Renters Reform Bill begins to reshape the property rental market, new research from OSB Group reveals a changing dynamic between landlords and tenants. Psychological research, in partnership with Innovation Bubble, found that tenants in the UK view property as an extension of their own identity. When this self-identity is challenged, it can drive […]
Award-winning SME lender 365 Finance has expanded into the Republic of Ireland, supporting the growth of Irish businesses and entering the EU marketplace. The funder’s international growth strategy is to leverage the company’s highly automated AI-powered lending platform in other markets. 365 Finance has advanced over £500m to UK-based SMEs since inception in 2014, and […]
The Current Account Switch Service (CASS), which is owned and operated by the UK’s leading payments authority Pay.UK, has welcomed Zempler Bank, the microbusinesses focused digital bank, to the Service. Zempler Bank offers current accounts and credit products for small businesses, start-ups, sole traders and consumers with a focus on easy-to-access, simple-to-use digital products and high-quality service delivered […]
