Aldermore Bank has today taken the decision to streamline its mortgage product offerings and cap loan to value (LTV) options on residential and buy to let products. This will allow the Bank to focus on supporting its existing customers, during a period of high request volumes, while still being able to support the housing market […]
The Prince’s Trust and NatWest have today announced the launch of a £5m fund to help young entrepreneurs across the UK to keep their businesses afloat during the coronavirus crisis. The Prince’s Trust and NatWest Enterprise Relief Fund is available to entrepreneurs aged 18-30, who can apply for grants and tailored support from today. Grants […]
Banking Competition Remedies Ltd (BCR), the independent body established to implement the £775m Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package, today issues updates regarding both the Capability and Innovation Fund and the Incentivised Switching Scheme. Capability and Innovation Fund (CIF) Updates Nationwide returns £50m grant The Alternative Remedies Package (ARP) that BCR […]
Launched on 23 March, today the Coronavirus Business Interruption Loan Scheme (CBILS) has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access funding. Importantly, access to the scheme has been opened up to those […]
The Office of National Statistics has released its initial results from the new Business Impact of Coronavirus (COVID-19) Survey (BICS), understanding what impact the COVID-19 has had on businesses and employees across the UK. It revealed that 28.5% of employees have seen a decrease in working hours, 46.1% have been encouraged to work from […]
As the impact of COVID-19 on the entire globe became clear, a minority of investors felt uneasy, selling their loans held in P2P lending accounts and IFISAs. Yet just a small proportion of investors sold before the panic subsided. Unlike the recent stock-market sell-off, those selling loans did not have to do so at hugely […]
A demolition contractor has secured the jobs of all 33 of its staff during the coronavirus shutdown with support from Lloyds Bank. Chelmsford-based Northeast Demolition UK Ltd work with large construction firms and housebuilders across South-East, East and South London to clear industrial, commercial and residential sites, demolishing all types of buildings from houses to […]
Aldermore, the specialist bank, today confirms it is now offering the asset finance variant of the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), having been an accredited lender under the former Enterprise Finance Guarantee scheme. CBILS provides Aldermore and other accredited lenders with a government-backed guarantee potentially enabling Aldermore to provide asset finance […]
1pm plc (“1pm”) have announced that they remain open for business and available to support British business through the unprecedented COVID-19 pandemic. With UK SME’s facing a cash flow crisis, the firm is committed to helping ensure they have the right funding in place to trade through these uncertain and challenging times. The Group of […]
Nucleus Commercial Finance today announces the expansion of its asset based lending team in Yorkshire, with the appointment of Riana Azam as regional sales director. Riana brings 14 years’ industry experience and will be central to developing Nucleus’ ABL proposition in this region. Riana joins Nucleus from Metro Bank where she was business development director, […]
