Lender and investor news

31/10/2019

LendInvest hires new director of mortgage underwriting and an additional business development manager for the North West of England

LendInvest has hired a new director of mortgage underwriting, and further expanded its regional sales team with a second business development manager for the North West. Gene Clohessy joins the team as director of mortgage underwriting, and will be leading the underwriting team towards its goal of market leading broker engagement, faster underwriting processes, and […]

31/10/2019

CYBG PLC re-brands as Virgin Money UK PLC

CYBG has reached another significant milestone in its integration programme as it changes its name from CYBG PLC to Virgin Money UK PLC. As a result, from today the Group’s shares will trade under the new name Virgin Money UK PLC and the London Stock Exchange symbol will change to VMUK. This follows last week’s […]

30/10/2019

Solving the equity dilemma and funding the intangible economy

Caple helps chip design and supply house EnSilica with access to unsecured lending Alternative SME credit specialist Caple has supported EnSilica, a leading bespoke chip design and supply firm, with a £3.7m fully unsecured loan. This will enable EnSilica to continue its expansion into high-growth sectors including automotive, space and the Internet of Things (IoT). […]

30/10/2019

Mambu to power Recognise, the new bank for SMEs launching in 2020

Ahead of its highly anticipated launch in 2020, new SME banking entrant Recognise has appointed cloud banking provider Mambu Recognise’s appointment of Mambu and its market leading cloud-native solution, will transform and improve banking service levels by enhanced transparency, communication and speed of transactions for SMEs. Recognise, a subsidiary of the City of London Group, […]

30/10/2019

British Business Investments makes £15m Tier 2 capital facility available to PCF Bank

British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a new £15m Tier 2 capital facility to specialist bank, PCF Bank. PCF Bank has a long history as a specialist financier of vehicles, plant and equipment. Established in 1994, and launching banking services in 2017, PCF Bank has helped more […]

30/10/2019

Gatehouse Bank opens up buy-to-let range to first-time buyers

The change comes amid broader improvements to the eligibility criteria for buy-to-let and home purchase plan products Minimum valuation requirement for houses in multiple occupation and multi-unit freehold blocks cut from £75,000 to £55,000 for UK buy-to-let applicants Rent only term increased to 25 years for UK expats and international residents Contractors are among those […]

29/10/2019

Paradigm / LendInvest partnership announcement

Paradigm Mortgage Services has today announced the addition of marketplace for property finance, LendInvest, to its lender panel. From today, Paradigm’s member firms will be able to register with LendInvest and access its range of buy-to-let products available for properties located in England and Wales. LendInvest’s buy-to-let range offers products on standard property types, as […]

29/10/2019

Innovative investment bond launched to boost UK property market

An innovative new investment vehicle to provide funds to support UK property deals – commercial and residential – has been launched by one of the UK’s leading private equity firms in conjunction with a financial technology (fintech) firm. MAVEN Bonds has been designed to provide investors with the chance to diversify their investment portfolio while […]

29/10/2019

AccountScore and Equifax release new Open Banking credit risk index

AccountScore and Equifax have today announced the release of a new credit risk index for the consumer lending sector which allows financial institutions to more effectively understand consumers applying for credit products. The index is based upon the transactional information found within a consumer’s bank account and takes advantages of the opportunities provided by Open […]

29/10/2019

Mastercard launches Accelerate to supercharge fintech success

Mastercard has launched Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly. Offering a simple, single entry-point to the company’s wide portfolio of specialised programs, Mastercard Accelerate gives start-ups and emerging brands support and assistance for every stage of their […]

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LendInvest hires new director of mortgage underwriting and an additional business development manager for the North West of England

CYBG PLC re-brands as Virgin Money UK PLC

Solving the equity dilemma and funding the intangible economy

Mambu to power Recognise, the new bank for SMEs launching in 2020

British Business Investments makes £15m Tier 2 capital facility available to PCF Bank

Gatehouse Bank opens up buy-to-let range to first-time buyers

Paradigm / LendInvest partnership announcement

Innovative investment bond launched to boost UK property market

AccountScore and Equifax release new Open Banking credit risk index

Mastercard launches Accelerate to supercharge fintech success

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