Starling Bank snaps up buy-to-let lender Fleet Mortgages for £50m

Starling Bank moves into mortgages: Digital challenger snaps up buy-to-let lender Fleet for £50m as part of expansion drive Starling Bank has made its first corporate acquisition, buying Fleet Mortgages  It is part of the bank’s expansion drive as it targets IPO by 2023  Starling has reassured existing Fleet customers that it won’t change the … Read more

Green mortgages: Nationwide latest lender to offer cashback

Homebuyers are increasingly being incentivised to purchase energy efficient properties by some mortgage lenders via cashback offers. Nationwide Building Society has joined NatWest and a number of others in offering cashback and incentives to those buying a property with a high energy efficiency ratings. Nationwide’s ‘green reward’ is offering homebuyers £500 cashback when purchasing a … Read more

The house I’m buying has been ‘down-valued’ by the mortgage lender. What do I do?

I am a first-time buyer, and have just made an offer on my dream property. The seller accepted, and I began my mortgage application. I had already passed the lender’s affordability checks for the size of loan I require. However, I have now hit a bump in the road. A surveyor visited the property to … Read more

Homeowners paying over the odds for home insurance from their mortgage lender

A significant number of homeowners could be overpaying for their home insurance because they bought a policy from their mortgage provider, instead of searching for the best deal. Almost a third of homeowners have taken out an insurance policy through their mortgage provider at the time of their house purchase, according to research by Compare … Read more

Is your Santander branch closing? Lender closing 111 UK banks

Santander has announced it will close 111 branches up and down the country by the end of August this year. The Spanish-owned lender said the ‘majority’ of branches being axed were under three miles from another Santander branch, with the furthest being five miles away. It said that all of the 111 closing branches were … Read more

Third of owners will pay HIGHER mortgage rates to avoid lender scrutiny

Mortgage borrowers hit hardest by the pandemic may find themselves paying out thousands more each year, because they believe the financial fallout has affected their ability to remortgage.   Almost one third of borrowers who have seen their incomes fall due to Covid-19 expect to move onto their lender’s standard variable rate once their initial deal … Read more

Sanjeev Gupta stops repayments to troubled lender Greensill Capital

Sanjeev Gupta stops repayments to troubled lender Greensill Capital amid threat to UK steel jobs By Lucy White For The Daily Mail Published: 21:51 GMT, 4 March 2021 | Updated: 21:51 GMT, 4 March 2021 The business empire headed by steel tycoon Sanjeev Gupta has stopped making payments to troubled lender Greensill Capital as it … Read more

Lender advised by David Cameron Greensill Capital on brink of collapse

Lender advised by David Cameron on the brink of collapse: Crisis of confidence engulfs Greensill Capital By Lucy White For The Daily Mail Published: 22:16 GMT, 2 March 2021 | Updated: 22:44 GMT, 2 March 2021 A controversial lender advised by former Prime Minister David Cameron is fighting for survival after major backers walked away. … Read more

Investors in Barclays can bank on a dividend:  Lender revives payouts

Investors in Barclays can bank on a dividend: Lender revives payouts as boss Jes Staley looks to a big coronavirus recovery By Lucy White For The Daily Mail Published: 21:51 GMT, 18 February 2021 | Updated: 21:51 GMT, 18 February 2021 Barclays became the first major British bank to resume its dividend as the lender’s … Read more

Savings have beaten investing with every High Street lender since 2011

Why you can’t always bank on shares: Savings have beaten investing with every High Street lender since 2011 By Ben Wilkinson for the Daily Mail Published: 22:00 GMT, 2 February 2021 | Updated: 22:00 GMT, 2 February 2021 Savings rates with the big banks are dire, and have been for more than a decade now. … Read more