News

Second charge new business continues to grow

Fri 7 Jul 2017

Second charge mortgage new business grew 26% by value and 29% by volume suggest the latest figures by the Finance and Leasing Association (FLA). Consumer finance new business also saw a year-on-year increase of 8% in May. Harry Landy, managing director at Enterprise Finance, said: “Despite the ongoing political and economic uncertainty it’s encouraging to […]


Brokers working more hours than average UK employee

Fri 7 Jul 2017

Nearly half of brokers (47%) in the property and asset finance field work almost 13 hours more than the average UK employee. A survey by United Trust Bank (UTB) has shown that brokers in those fields are often working over 50 hours a week. The Office of National Statistics suggest the average working week for […]


BLG expands team in south west

Thu 6 Jul 2017

Tracey Abbott (pictured) has been appointed regional director at Business Lending Group (BLG). This appointment comes as the development finance lender announced its plans to show commitment to property developers in the West Country, and Abbott is the second regional director for the south west of England. Tracey has gained commercial finance experience with the […]


P2P lender extends European focus

Thu 6 Jul 2017

TWINO, the peer-to-peer lending platform, has begun short-term loans via its Kazakhstan originator. Kazakhstan represents the sixth country listed on the peer-to-peer lender’s platform and the first time a European peer-to-peer lender has expanded to central Asia. The Kazakh loans have a one month duration and a return rate of 11% per annum, and the […]


MarketInvoice records successful month

Wed 5 Jul 2017

MarketInvoice has registered a record month of invoice finance funding since launching in 2011. June was the company’s busiest month funding invoices worth £64.2m, with the total number of invoices funded up 57.2% from £103m in Q2 2016 to £161.9m in Q2 2017. MarketInvoice Pro, the confidential invoice facility, is being held responsible in large […]


Bridging lending increases to £4.2bn

Wed 5 Jul 2017

Gross annual bridging lending increased to £4.2bn in April, the latest West One bridging index has shown. Figures saw a significant rebound in Q4 2016 which meant the bridging market returned to growth at the beginning of 2017. This comes as the ASTL recently reported gross lending figures for their members at £780.2m. The index […]


Kuflink launches new ISA and investment options

Tue 4 Jul 2017

Peer-to-peer platform Kuflink has launched two new investment products and an ISA. The property-backed Innovative Finance ISA can be started with a minimum investment of £100 and under current 2017/18 allowances, up to £20,000 pa can be invested. Terms are 1-year fixed or 3-years fixed, with capital repaid at the end of the term and […]


new appointment

Borro appoints John Allbrook as chief exec

Tue 4 Jul 2017

Borro has appointed John Allbrook as executive chairman and chief executive of Borro. Allbrook was formerly executive chairman of Syscap and has also previously held positions at GE Capital and GoIndustry. Following a full strategic review Borro has withdrawn from the UK property bridging loan market in order to focus on its core luxury asset […]


Specialist lenders partner with MortgageBrain

Fri 30 Jun 2017

A list of specialist lenders have partnered with Mortgage Brain for the distribution of their second charge products on MortgageBrain Classic. Central Trust, Masthaven Bank, Norton Finance, Precise Mortgages, Paragon Personal Finance, Shawbrook Bank, Step One Finance, United Trust Bank and 1stStop Group are those that have partnered. The specialist lenders’ competitive products including fixed […]


Masthaven’s residential offering to focus on speed

Fri 30 Jun 2017

Masthaven Bank’s residential offering will prioritise speed and turnaround times to help house purchasers in competitive markets, its managing director of mortgages Matt Andrews has indicated. The bank already operates in the bridging and second charge markets – and after launching its residential offering today the plan is to have the same focus on getting […]