Gatehouse Bank has today cut the rental rates on its entire buy-to-let (BTL) range, offering the largest reductions to international residents. As part of the latest changes, the most significant rate reduction of 0.70% has brought the five year fixed term for international residents (individual and corporate) down to 3.99%. The two year fixed rental […]
New research released today reveals that a massive 9 in 10 (93%) Brits feel undereducated when it comes to personal finance with half (47%) believing it is their bank’s duty to help them make better financial decisions. UK consumers are open to help from banks despite a quarter (24%) of them believing they have been […]
Almost two thirds (64%) of small and medium-sized businesses want to improve their environmental sustainability, according to Lloyds Bank Commercial Banking’s Business Barometer. Nearly half (44%) say becoming more environmentally sustainable is important to them, while a further fifth (20%) say doing so is very important. Moreover, 63% say they have already taken steps to […]
Secure Trust Bank Commercial Finance has achieved a significant milestone of over £100m of funding advanced across the Midlands in the 18 months since opening its regional office in Birmingham. The Midlands team has enjoyed rapid growth since regional managing director David Parsons opened the office in 2018 with support from head of portfolio Mike […]
In a report published today, S&P Global Ratings considers whether the new decade will bring new hope for UK bank ratings. It would be natural for credit investors to consider taking a rosier view, in light of recent political developments and the ending of a decade in which the news on UK banks was relentlessly […]
Specialist SME lender Shawbrook Bank has provided funding support as part of a recapitalisation with a solution made up of working capital, asset finance and cashflow loan for Medica Packaging to expand its facilities and meet its ambitious growth plans. Based in Crewe, Medica Packaging specialises in the design and manufacture of cartons, patient leaflets […]
The growing use of class actions and the replacement of LIBOR are expected to be key issues to look out for in banking litigation in 2020, says RPC, the City-headquartered law firm. There are approximately £25tr in outstanding contracts referencing GBP LIBOR*. Many of these contracts were never drafted with a provision to allow their […]
Hickory’s Smokehouse has received a £13m funding package from leading alternative lender ThinCats to help accelerate its active roll out of restaurants. The first Hickory’s Smokehouse opened in Chester in 2010 following founder Neil McDonnell’s extensive research into the American BBQ and smokehouse sector. The team behind Hickory’s has been operating in Chester for 20 […]
Metro Bank opens its 72nd store on Friday 10 and Saturday 11 January in Wolverhampton. To mark the occasion, Metro Bank is inviting businesses, residents and four-legged friends to the two-day grand opening party. The fun will kick off at 8am on Friday 10 January, with entertainment including stilt walkers, a DJ, free manicures and […]
B-North, the Manchester-based firm building an SME lending bank for the UK, has secured in excess of £2m of fund raising from new and existing investors through equity crowdfunding platform Crowdcube and Growthfunders, adding to the £4.2m it has raised in previous rounds. The news follows the announcement in December that B-North has selected Newcastle […]
