A Hertfordshire-based challenger bank has further demonstrated its commitment to helping British businesses to succeed by reducing its lending rates. The Bank, which is this year celebrating its five-year anniversary, has unveiled improved interest rates starting from 3.49% plus base rate for secured residential property lending and 4.49% plus base rate for secured commercial property […]
Following the latest increase of the Bank of England Base Rate to 1.25%, Recognise Bank has raised the interest rate of its Business Easy Access Savings Account to match. The popular account will now pay small business savers 1.25% AER from the middle of next week, an increase that will benefit both new and existing customers. […]
Central Trust, the first and second charge lender, has today (20 June 2022) extended the availability of its Consumer Buy-to-let (CBTL) mortgage proposition by making it available to borrowers in Northern Ireland. CBTL mortgages are regulated by the FCA. They are suitable for landlords who originally purchased the property with absolutely no intention to rent […]
Pepper Money has repriced its range of affordable housing, residential and buy-to-let mortgages in response to rising swap rates. The specialist lender has increased rates across its residential fixed rate range by an average of 0.64% in line with the rising rate environment. Full details of the product range are available at pepper.money. Brokers who […]
Cashplus Bank, the leading fintech bank for UK small businesses, today becomes the first UK bank to launch a Mastercard-powered Digital Health Check tool for SMEs. The Digital Health Check, which will be available to the public for free, provides a multi-response questionnaire intended to evaluate their capability to seize opportunities in business world that […]
United Trust Bank (UTB) has further improved its ‘Heavy Refurbishment’ offering as it continues to expand and enhance its product range to support both experienced property professionals as well as those just beginning their property development journey. The product changes are immediately available with slightly differing criteria depending upon the borrower’s level of experience. Heavy refurbishment […]
Virgin Money has launched a new £200m fund to support farmers in their transition to net zero, by offering lower cost loans that can be used to invest in changes which reduce on-farm emissions. The Agri E Fund is the first fund offered in the UK dedicated to supporting farmers with the investment and carbon […]
Time Finance is pleased to announce the launch of their new asset finance solution ‘Fast Track’ which helps both new start and established firms to acquire the equipment needed to drive their operations forward. In response to an increased demand for finance from both established UK SMEs and aspiring business owners as many prepare for […]
A new digital based solution, Early Pay, designed to incentivise the businesses to pay SMEs before an invoice is due and encourage stronger supply chain relations and reduce cashflow anxiety, has been launched by UK Fintech, Saltare. Early Pay will also offer business and departments the opportunity to boost ESG policies and adhere to […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reintroduced a seven-year fixed deal into its mortgage product range. The lender said it is offering 3.79% on a seven-year, fixed rate, standard buy-to-let mortgage at 65% LTV for properties with an A to C rated energy performance certificate (EPC), and 3.89% on standard […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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