David Cameron texted Rishi Sunak lobbying him to grant hundreds of millions of taxpayer-funded loans to stricken financial firm Greensill before it went bust The former prime minister is said to have texted the Chancellor’s private mobile Mr Sunak ignored most of the messages and instead referred him to officials Labour called for an inquiry … Read more
Amigo Loans heading for crunch court decision that could tip lender into administration, leaving 700,000 borrowers without compensation By Emma Dunkley, Financial Mail On Sunday Published: 21:50 GMT, 20 March 2021 | Updated: 22:47 GMT, 20 March 2021 Amigo Loans is heading for a crunch court decision that could tip the lender into administration, leaving … Read more
The Countess of Carnarvon is fresh from her daily al fresco yoga session in Highclere’s sweeping gardens. ‘I’ve just been inverted!’ she cries, emerging pink-cheeked and ruffled from the bushes, clutching a yoga mat and surrounded by dogs. She’s flustered, but it’s little surprise. This morning she’s already had to deal with a carpet restorer … Read more
Thousands of Britons are complaining to the Financial Ombudsman Service about being mis-sold unaffordable guarantor loans, new figures reveal, as Payment Protection Insurance was finally dethroned as the most complained about financial product. Complaints about PPI numbered 6,679, meaning it was not the most complained about product in a three-month period for the first time … Read more
Wagamama owner The Restaurant Group adds another £500m in loans and reveals it’s burning through £5.5m of cash each month as branches remain shut TRG said the loans would give it ‘enhanced liquidity and long-term financing’ The firm’s brands also include Chiquito, Garfunkel’s, and Brunning & Price Hospitality venues are expected to fully reopen no … Read more
A mortgage guarantee scheme to help thousands of young people onto the property ladder with small deposits is set to feature in next week’s Budget. Chancellor Rishi Sunak plans to incentivise lenders to provide mortgages to first time buyers, and current homeowners, with just 5 per cent deposits to buy properties worth up to £600,000. … Read more
More than 1.4million businesses are given more time to repay Covid ‘bounce back’ loans over fears of economic catastrophe Chancellor Rishi Sunak is expected to announce a ‘pay as you grow’ scheme Almost £4.5billion has been loaned under the Government scheme so far New measures will allow businesses to extend loan terms from six to … Read more
More than 1.4million businesses are given more time to repay Covid ‘bounce back’ loans over fears of economic catastrophe Chancellor Rishi Sunak is expected to announce a ‘pay as you grow’ scheme Almost £4.5billion has been loaned under the Government scheme so far New measures will allow businesses to extend loan terms from six to … Read more
Amigo Loans plots new scheme to pay off customers in last ditch bid to stay afloat By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 January 2021 | Updated: 21:51 GMT, 25 January 2021 Amigo Loans has launched a last-ditch attempt to stay afloat following a wave of customer complaints. The controversial guarantor … Read more
Banks raid accounts to claw back Covid loans: Cash seized from hundreds of businesses in scramble to stop fraud on bounce back scheme HSBC, Barclays, NatWest and Lloyds Banking Group have all begun freezing business accounts linked to suspected fraud They have seized sums of up to £50,000 from the accounts of hundreds of customers … Read more