As lenders and brokers, we are only too aware of the looming stamp duty holiday deadline. Since September 2022, buyers of homes priced up to £250,000 have been exempt from paying the duty. This will revert to previous levels from April, when stamp duty will be payable on homes priced above £125,000. The threshold has […]
New analysis of Companies House data published today by Zempler Bank, a digital bank serving start-ups and microbusinesses, shows company formations fell year-on-year by eight per cent in 2024. Zempler, which offers a company formations service, has produced analysis showing that there were 807,000 incorporations in 2024, down from the 844,000 recorded in 2023. This […]
The UK’s automotive industry is inherently global, touching every continent as an export sector. It remains Britain’s largest exporter of goods by value, with many of the products developed here the result of massive investment from overseas businesses. Yet more evidence of that came yesterday with £50 million announced to build a new component manufacturing […]
Hampshire Trust Bank (HTB) has expanded its specialist lending offering to include restricted holiday lets, giving brokers the tools to support clients in a changing and increasingly complex market. This strategic move reflects HTB’s ability to adapt to evolving regulations and market demand, while providing tailored solutions for professional investors. Restricted holiday lets, with their distinct […]
As Blue Monday approaches on January 20, one of the UK’s largest credit insurers, Atradius, reveals a 24% drop in claims from UK retail businesses in December 2024 – excluding the clothing and footwear sectors. New data highlights resilience among UK retailers, even amidst the ongoing cost-of-living crisis and the impact of the Autumn Budget. However, with the post-festive season […]
Conister Bank Limited (“Conister”), part of Manx Financial Group PLC (AIM:MFX), is delighted to announce the launch of a new easy-to-use online deposit system for its UK retail customers. The launch follows the success of its digital distribution channel on the Isle of Man, which now accounts for over 70% of the bank’s lending. The […]
Paragon Bank has announced the selection of Alfa to power a new Commercial Lending Transformation Programme, replacing its legacy systems and streamlining the end-to-end lending process. The strategic initiative will modernise Paragon’s SME lending operations, diversify its product portfolio and enhance the experience for customers and brokers. By choosing Alfa’s accelerated Alfa Start delivery methodology, […]
Aarin Chiekrie, equity analyst, Hargreaves Lansdown:: “Taylor Wimpey remains on solid ground, despite a steep share price decline in the final months of 2024 as the UK Budget, sticky mortgage rates and economic fears weighed on the whole sector. Underlying performance was good, with sales rates having improved over the last year and completions coming […]
The British Business Bank has agreed an ENABLE Build transaction of up to £150m with specialist bank Shawbrook to increase the amount of development finance it provides to UK smaller housebuilders. Shawbrook has surpassed £2bn of lending to UK property developers, creating over 8,000 new homes. The guarantee is expected to further support over £300m […]
Atom bank, the UK’s highest rated bank on Trustpilot, has cut the interest rates across its range of fixed and variable commercial mortgages. Fixed rates have been reduced by up to 0.47%, while variable rates have fallen by up to 0.41%. The rate reductions take effect immediately. As a result of the cuts, variable rates […]
