Roger Morris has been unveiled as Chetwood Financial’s group distribution director. Morris is one of the most well-known and respected voices in the UK’s mortgage industry. In a career stretching back more than 30 years, he has held a number of senior positions. He co-founded em Financial in 2001, before joining Affirmative Finance as sales […]
With the growing popularity of budgeting challenges on social media, Brits are now increasingly conscious of how much they’re spending, with the term ‘No Spend’ having amassed 36.9 million posts on TikTok alone. But as trends come and go, it’s important for retailers to stay abreast and ensure they’re keeping up with whichever direction consumers […]
Lynx, a leading provider of Artificial Intelligence (AI) software that detects and prevents fraud and financial crimes, today announces the launch of Lynx Mule Account Detection, a real-time mule detection solution for banks and financial institutions to stop trillions of illicit funds flowing through the global financial system each year. Lynx Mule Account Detection streamlines […]
The Society has teamed up with local Leicestershire-based tech provider Provident IT to develop web-based tools offering comprehensive affordability calculations across the Society’s extensive range of residential and buy-to-let mortgages. The calculators were developed in collaboration with selected intermediary partners, ensuring the inclusion of key broker-friendly features and functionalities. They feature an intuitive interface with […]
Access to finance is becoming a critical issue for UK small businesses, with new research finding that more than half (53%) would have to put their plans on hold if they were unable to secure finance. The study by Novuna Business Finance underscores the importance of access to finance for the small business sector at […]
The latest Lloyds Bank Business Barometer has found that overall business confidence fell by 9 points to 41% in June. Despite falling from last month’s highs, this latest confidence reading is consistent with levels seen during Q1 2024, before the sharp rise in May. The Barometer measures businesses’ overall confidence by assessing their trading prospects […]
The hottest May on record, albeit wet, saw profits of UK hotels overtake pre-pandemic levels, according to the RSM Hotels Tracker. The data, which is compiled and produced by Hotstats and analysed by RSM UK, shows gross operating profits (GOP) of UK hotels reached 38.9% in May, up from 37.3% in the same period last […]
GB Bank has bolstered its lending and completions teams with a series of new appointments. The property finance specialist has brought on board six new team members in recent weeks, including three additions to the lending and completions teams, as it continues its major recruitment drive which will almost double its current workforce within the […]
Bank of America has agreed a new facility with Simply Asset Finance, the specialist business lending provider, which will unlock the potential of £120m of further funding for businesses across the UK. The initial facility is for a value of £60m with an accordion to £120m. This milestone agreement consolidates Bank of America’s position as […]
Banks and other lenders shared a mostly positive outlook for the asset-based lending market in the first quarter, fueled by predictions of a soft landing for the U.S. economy. But they are mindful of looming regulatory changes and continue to monitor portfolios for signs of post-pandemic stress, according to data released by the Secured Finance Network […]
