Together has completed a £2m bridging loan to keep a property investor’s plans on track. The customer was up against a tight deadline to complete the purchase of a Victorian grade II-listed former malt house, which was built in 1864 and had been previously converted into offices. His property investment company had a bridging loan […]
Commercial finance trade body, FIBA, has announced the appointment of specialist lender, The Bridging Group (TBG) to its lender panel. The lender which opened its doors for short term lending business in 2018 has headquarters in Dartford, Kent and lends across mainland UK. Adam Tyler, executive chairman at FIBA, said, “We are delighted to welcome […]
Simply today announced that it is proud to have signed up to the SME Finance Charter, a voluntary agreement that shows how UK lenders plan to support their business customers. Simply’s pledges are below: 1. We’re open for business and ready to lend. 31 months after launch and a year after we started originating on […]
Ahead of 6th November, the organisers of the Finance Professional Show are committed to keeping you up to date with sponsor and exhibitor news, information on what you can expect from the Show and tips to help you make the most of the event. Register to attend the Connect Academy Labs The FP Show is […]
A cultural shift in attitudes to analytics will be essential for businesses to compete in the age of digital transformation, research has revealed. A quarter of the 500 professionals surveyed by MHR Analytics said resistance from senior management was preventing their company from adopting analytics, suggesting that many could be left behind as their forward-thinking […]
A study conducted by the P2P platform Robo.cash has shown that the number of search requests associated with P2P lending in Spain grew from 9,400 in July 2015 to 12,000 in June 2019. A significant increase of the queries in 2017 with a peak in March correlates with the growth of Spanish alternative finance market […]
‘Product-less’ lender, Octane Capital, today announced it has passed £250m of redemptions since launching in 2017, with £125m in 2019 alone. A significant 40% of the redemptions since launch have been by way of sale, with 90% of the loans with a sale as their intended exit managing to achieve it, the rest refinancing. The […]
Morgan McKinley’s Autumn London Employment Monitor offers a snapshot of hiring trends from July through September 2019. After a rollercoaster first half of the year that saw jobs spike, nosedive, level off, and threaten to head back down again, the third quarter (Q3) followed a similar trajectory: job numbers were up by 20% month-on-month in […]
UK Finance has today announced the appointments of Susan Allen, head of retail and business banking, Santander UK, and Charlotte Hogg, CEO, Visa Europe, to its Board. Susan Allen is responsible for the bank’s retail and business banking operations spanning 15 million customers and a nationwide network of branches and customer contact centres. She was […]
London takes the spotlight again this month as risk aversion on the part of vendors leads to a massive drop in supply, according to Home.co.uk’s Asking Price Index for October. Moreover, the capital is not alone; sudden supply drops are apparent in many regions and, nationally, supply is down 17% year-on-year as approximately one in […]
