Landbay, one of the UK’s leading buy-to-let lenders, has today launched an innovative buy-to-let calculator that is unique to each specific Landbay product and client. This means intermediaries can advise their clients on the costs of taking out a Landbay buy-to-let mortgage with a greater deal of accuracy. The new innovative calculator is intuitive and […]
On the 24th February 2020, Property peer to peer lender The House Crowd appointed Frank Ofonagoro, Jeremy Woodside and Frank Wessely at business advisory firm Quantuma as joint administrators of the Altrincham-headquartered business, with consent from the FCA. The administration is not expected to have a material impact on investors/lenders. The joint administrators will continue […]
UK engine manufacturing output declines -29.3% in January with just 168,291 units built. Production for domestic and overseas markets falls -27.2% and -30.8% respectively. 13th consecutive month of decline as automotive sector looks towards March budget for support. Mike Hawes, SMMT chief executive, said, “It has been an extremely challenging start to the year for UK […]
Castle Trust Bank has completed a £9.6m development exit loan, structuring a hybrid solution that combines a serviced loan and a bridge. The specialist lender worked together with Sirius Property Finance to complete the transaction which will enable the client to sell a proportion of the properties and retain the rest to let to tenants. […]
Vacancy levels across the UK saw a sharp decline in 2020 with jobs falling 43% year-on-year as the country battled through the coronavirus pandemic. That’s according to new research – ‘A nation in flux: a look at recruitment numbers in a Covid hit economy’ – produced by the world’s largest network of job boards, Broadbean […]
Leumi UK, the London-based subsidiary of Israel’s leading international bank, has provided a £12.8m loan to an investment fund advised by Elevation Advisors LLP on behalf of an international pension fund, to assist with the acquisition of a purpose built 66-bed care home in Leek, Staffordshire. Funding has also been agreed for future acquisitions by […]
Scottish/American national, Gordon has extensive experience with a decade working at Microsoft headquarters in Seattle, Washington. His most recent role at the tech giant was global director of Service Engineering for Microsoft’s Volume Licensing and OEM businesses in which he established IT solutions for global brands and world governments. His expertise in delivery of IT […]
UK car production fell -27.3% in January to 86,052 units, according to the latest figures issued today by the Society of Motor Manufacturers and Traders (SMMT). With a fall of 32,262, this was the worst January performance since 2009, and a 17th consecutive month of decline. Multiple factors, including the ongoing effects of the pandemic, global supply […]
Almost 29,500 Bounce Back Loans have been approved over the past month, bringing the total number of small enterprises to access the scheme to over 1.5 million since it launched in May last year. More than £45.5bn has now been lent through this scheme. These totals include businesses which have opted to ‘top-up’ their Bounce […]
BCR publishes progress updates on Public Commitments from Pool A, B, C and D Capability and Innovation Fund recipients and sets out details for Pool F The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for Pool A, B, C and D recipients, providing a summary of performance against their public commitments […]
29/01/2021
Edition 290 – January/February 2021
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2...
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