Brightstar Financial has joined the Mortgage Market Alliance (MMA). The award-winning specialist distributor, which is celebrating its tenth anniversary this year, has teams of experts to help brokers identify the best solution for their specialist cases. Brightstar Financial covers all areas of specialist property finance, including residential mortgages, later life lending, buy to let mortgages, […]
MT Finance’s newly launched regulated bridging offering has completed its quickest deal so far, a 10 day, £1.659m loan in partnership with Crystal Specialist Finance (CSF). The applicant had exchanged on a £4m purchase of a detached seven bedroom property in the South East, however the initial lender withdrew funding terms without notice meaning the […]
Mastercard and NatWest Group today announced an expansion of their payments partnership by agreeing to convert all the Banking Group’s retail and business debit cards to Mastercard. The agreement includes all NatWest Group brands: NatWest, Royal Bank of Scotland, Ulster Bank and Coutts, totalling 16 million cards. The deal represents a significant broadening of the […]
Charles Hodge has been appointed by luxury asset backed lender, Suros Capital, as business development director to build relationships with intermediaries and businesses involved in providing procurement services for high net worth individuals and families. Charlie has had a long and successful career in the high end hospitality and concierge sectors. He was the founder […]
First Mile Ltd, provider of pay-as-you-go waste & recycling services to UK businesses, has been supported with £4m in refinance & working capital funding by leading alternative finance provider for mid-sized SMEs, ThinCats. First Mile was established in 2004 to revolutionise business sustainability, starting with waste and recycling, to “eradicate waste and make the world […]
Banks are being squeezed and challenged like never before and the ongoing impact of the pandemic will add further complexity, according to the latest Bishopsgate Financial Change Perspective 2021 report, launched today. Based on the views of industry leaders at the forefront of change, including COOs, CIOs, and Heads of Change from over 25 prominent […]
The government-backed initiative from British Business Bank helps businesses who have been adversely impacted by the coronavirus pandemic by covering interest and fees for the first 12 months of the loan. Amor Homes encountered disruption to the building works of the high-spec properties at the start of the pandemic. Whilst the site remained open throughout […]
United Trust Bank (UTB) has appointed Oliver Hobday as underwriter in its asset finance credit team in preparation of further business growth in 2021. Oliver’s appointment supports UTB’s plans to offer higher value facilities of up to £2m and he will be working closely with a number of UTB’s key broker partners. Oliver joins UTB […]
Automation has seen a lot of growth in recent years. As technology improves and computers get smaller, the abilities of machines are quickly racing to meet those of humans, and this is changing the way that modern businesses work. Of course, though, many of the best ideas in the field of automation are actually based […]
New data from Euler Hermes insurers confirms predictions that 2021 is likely to bring a flood of corporate insolvencies throughout the world’s largest economies. Half of the countries listed will record a new high since the 2009 financial crisis. Insolvencies in the US will rise 57% on 2019, reflecting the largest rise. Overall, the UK will be […]
