Editor’s Pick

new appointment

Paragon acquires Premier Asset Finance

Thu 6 Oct 2016

Paragon Bank Asset Finance has added to its business with the acquisition of asset finance brokerage Premier Asset Finance. Premier sources in excess of £100m of lending per annum to a range of SME customers. Headquartered in Edinburgh, Premier has a national presence, and was voted Broker of the Year in Leasing World’s 2015 awards. […]

FCA to strengthen senior management regime

Wed 28 Sep 2016

The Financial Conduct Authority will look to improve the Senior Managers’ and Certification Regime which applies to banks building societies. The regime, which came into force in March, means firms are legally required to assess whether senior managers are fit and proper on an annual basis. The FCA will consult on extending the conduct rules […]

LendInvest launch non-profit development academy

Wed 14 Sep 2016

LendInvest has launched a non-profit academy designed to teach aspiring small-scale developers the skills they need to build more homes. With the UK needing 300,000 new homes every year to meet demand, whilst only 170,000 were completed in 2015, LendInvest said there is a need for entrepreneurial, independent and small-scale developers who can help fill a gap. […]

FLA – second charge business flattening

Thu 8 Sep 2016

Second charge mortgage business is flattening out, Finance & Leasing Association figures indicate. In July the association registered 73 new deals, a 9% drop from last year, while in the three months to July there was a 0% change from the previous year. Despite the drop-off there was still a 19% increase in deals in […]

Second charges becoming home improvement loans

Thu 8 Sep 2016

Second charge mortgages are more commonly being used for home improvements and less for debt consolidation, research from specialist master broker V Loans shows. Between January and August one in three (33%) second charges were used for home improvements, twice as many as a year ago, while 75% of customers used second charge for debt […]

Complete FS adds UTB to second charge panel

Tue 6 Sep 2016

Complete FS, the South Coast specialist distributor, has added United Trust Bank to its second charge lending panel. Complete FS has announced it will charge a £199 administration fee and £100 disbursement fee. Tony Salentino, director of Complete FS, said: “UTB have come to market with some exciting products and we are delighted to strengthen our […]

new appointment

Investec Asset Finance Group agrees £10m block discounting facility with Haydock Finance

Tue 23 Aug 2016

Investec Asset Finance Group  has increased its block discounting facility with Haydock Finance to £10m. The Blackburn-based lender was one of Investec’s first clients when the bank established its specialist block discounting offering in 2013. The first deal, for a £750,000 facility, has been increased several times, with the most recent arrangement taking Investec into […]

BlueZest strikes Gould

Fri 19 Aug 2016

Some of the UK’s most experienced financial and tech sector figures have united to re-shape the mortgage sector with the launch of BlueZest – a lending company with technology at its core. BlueZest, which will launch later in the year, will offer a range of products via their website through an easy-to-use and highly secure […]

PM backs SMEs at Downing Street roundtable

Thu 4 Aug 2016

Theresa May will meet small and medium sized enterprises to discuss how to create a more productive, higher skilled economy. The Prime Minister will say SMEs are the backbone of the British economy, and state that the government will support a more productive, high skill economy open to new technologies and opportunities. Business leaders in […]

Brokers tied on Brexit decision

Mon 20 Jun 2016

When it comes to brokers the ‘Leave’ and ‘Remain’ campaigns are neck and neck as we move into the final three days before the EU Referendum, a poll from United Trust Bank has found. Over 200 finance brokers operating in the fields of bridging, development finance, asset finance and mortgages were polled last week and 45% said […]