Boss of one of Britain’s challenger banks hits out at Treasury for failing to include smaller lenders when it was setting up its lifeline loan scheme By Daily Mail City & Finance Reporter Published: 22:16 BST, 29 May 2020 | Updated: 22:41 BST, 29 May 2020 The boss of one of Britain’s challenger banks has … Read more
FCA launches probe as lenders are accused of cashing in on Covid-19 by fee-gouging to exploit desperate firms By James Salmon for the Daily Mail Published: 23:40 BST, 28 April 2020 | Updated: 23:40 BST, 28 April 2020 Leading banks are being investigated by the City watchdog amid concerns that they have been exploiting firms … Read more
Mortgage lenders axe almost HALF of buy-to-let mortgage options amid ongoing coronavirus lockdown Mortgage lenders have slashed buy-to-let deals in the wake of the coronavirus More than 1,300 buy-to-let mortgage deals have been axed since March This accounts for nearly half of all available deals, with 1,593 now left Learn more about how to help … Read more
Lender’s court bid tips troubled private hospital group NMC Health towards collapse By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:21 BST, 6 April 2020 A major lender to troubled NMC Health has filed to have the company put into administration. Abu Dhabi Commercial Bank (ADCB), which is … Read more
Homeowners who bought with a small deposit and are now nearing the end of their fixed or tracker rate deal could find themselves forced onto a higher interest rate, pushing monthly payments up significantly. Most lenders say they will honour the Government promise to offer homeowners struggling financially due to coronavirus a mortgage payment holiday … Read more
Lenders can ‘take the strain’: Outgoing Bank Governor Mark Carney says coronavirus will not cause a financial crash as bad as the Great Recession By Daily Mail City & Finance Reporter Published: 21:51 GMT, 11 March 2020 | Updated: 21:51 GMT, 11 March 2020 Mark Carney has reassured the country that coronavirus will not cause … Read more
MPs call on lenders to halt all repossessions against mortgage prisoners until help arrives By Will Kirkman For Thisismoney.co.uk Published: 18:26 GMT, 9 March 2020 | Updated: 18:26 GMT, 9 March 2020 MPs have called on firms to cease all repossession proceedings against mortgage prisoners until a working group is established to help them. Members … Read more