NatWest has today reaffirmed its commitment to supporting UK SMEs by removing the minimum monthly fee from its business account and launching its free ‘Business Builder’ digital coaching programme for start-ups and entrepreneurs. NatWest is now the first high street bank in the UK to offer a business banking account without a monthly fee, and […]
VAS Group has today launched VAS Valuation Management, an independent valuations consultancy business which will provide strategic solutions to European lenders, financial institutions and investment fund managers. The business has been co-founded by Taco Brink, who has over 30 years’ valuation management and review experience. He was recently managing director and head of Situs RERC […]
Kingsway Asset Finance has announced an extension to their commercial loan product portfolio. The Cheshire-based company, who became part of the Praetura Asset Finance ‘PAF’ Group at the beginning of last year, are now offering an expanded version of their commercial loan product, where taking security against domestic property, in addition to the current personal […]
Wesleyan Bank has introduced new security options to enhance its commercial mortgage solution for businesses who wish to acquire or re-finance commercial premises. The specialist finance provider offers loans up to 85% LTV (loan-to-value) on commercial property, for owner-occupied trading premises and for those being purchased as an investment. Under the terms of Wesleyan Bank’s […]
Only weeks after ‘product-less’ lender, Octane Capital, announced it was lowering rates on its larger bridging, developer exit and refurbishment loans by as much as 2% per annum following its annual risk review, it has now reconstructed its entire refurbishment proposition. With immediate effect, Octane will increase the level of works permitted from 50% up […]
The House Crowd, which specialises in peer-to-peer development and bridging loans, has created its Auto-Invest model which offers three varying levels of risk and reward, including target returns of 5%, 6% and 7% over a minimum 12-month term, with the option to compound the returns. The new investment model mitigates the risk of investment for […]
UK-based fintech Paysend has launched the Global Account, its international mobile money account. The Global Account aims to help consumers save up to £2bn in currency conversions when spending money abroad or on overseas websites. Analysis from Paysend reveals that consumers could save up to £1.25bn in fees when spending abroad and up to £996m […]
The percentage of landlords opting for two-year fixed rate buy-to-let mortgage products has reached a 12-month high with more landlords choosing shorter-term products compared to Q4 2018, according to Mortgages for Business. In Q4 2019, the proportion of landlords choosing two-year fixed rates had risen to 26% from just 8% in the previous year. The […]
Together has overhauled its second charge mortgages – introducing new fixed-term products and its lowest ever rate on some secured loans. The lender has introduced cuts to its second charge Prime Plus range, with rates for residential borrowers starting at 5.19% at a maximum 65% loan-to-value (LTV). It announced today that it is introducing new […]
PPS, formerly PrePay Solutions, and subsidiary of Edenred, the everyday companion for people at work, has today been approved to become an issuer and processor of Visa. Through the partnership, PPS will be able to offer its customers, including fintech providers and challenger banks, full access to Visa’s products, including issuing Visa branded cards. Incorporating […]
