Last Friday afternoon we welcomed 300 of the UK’s best specialist finance professionals to the spectacular Madison rooftop venue in London’s St Paul’s. Twenty seven awards were handed out to deserving companies and individuals who have made an outstanding contribution to the industry this year.
Shawbrook Commercial has seen its SLA for application decisions drop from 48 hours to 4 hours following the launch of its digital application service – “E-AIP”. The service is available across the residential investment suite with over 50% of applications across the range arriving via E-AIP. To date, of those brokers who have used E-AIP over […]
Shawbrook Bank has hired a lending manager in Mark Palmer and made several other appointments. Palmer worked as a mortgage adviser and then supervisor at Yorkshire Building Society and is responsible for overseeing cases with repeat Shawbrook clients. Also joining is Mark Valmont as a quality control officer and Amanda Howe and Ella-Louise Smith as […]
The 8% surcharge on bank profits is set to leave the UK’s challenger banks facing a £70m tax bill, a recent report into the sector from accountancy giants KPMG has claimed. In the Summer Budget of 2015 Chancellor George Osborne introduced the new 8% surcharge on the profits of any bank with profits in excess […]
Challenger banks could look to raise prices or tighten criteria on their buy-to-let products as they look to improve profitability following regulatory changes, a report into the challenger bank market by KPMG has warned. The buy-to-let market is a significant contributor towards the overall profitability of challenger banks accounting for approximately 15% of their balance […]