Investors in the money as watchdog lifts bank dividends ban after lenders post better-than-expected profits By Lucy White For The Daily Mail Published: 21:51 GMT, 10 December 2020 | Updated: 21:59 GMT, 10 December 2020 Investors in UK banks will be breathing a sigh of relief after the regulator lifted its ban on dividends. The … Read more
Millions of self-employed workers, already facing the blight of Covid-19, are receiving harsher treatment from mortgage lenders compared to salaried employees. Self-employed borrowers are being asked for bigger deposits, additional paperwork, with some lenders lowering the amounts they can borrow and subjecting them to longer waiting times with more frequent and rigorous questioning. There are … Read more
Property market panic as lenders slash thousands of pounds from value of homes, sparking fears a surge of buyers will pull out Data shows the average asking price for a home soared to £323,530 in October Came as sellers cashed in on unprecedented demand during stamp duty holiday But almost half now being told their property … Read more
Company behind Topshop and Dorothy Perkins in talks to raise £30m from lenders Extra cash will help to bolster the Arcadia Group – owned by Philip Green’s family Other retailers including Asos, WHSmith and DFS have tried to get more cash Arcadia is understood to be ‘close’ to securing the money it needs By Neil … Read more
Company behind Topshop and Dorothy Perkins in talks to raise £30m from lenders By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 14 November 2020 | Updated: 23:23 GMT, 14 November 2020 The company behind Topshop and Dorothy Perkins is in talks to raise £30million from lenders. The extra cash will help bolster Arcadia … Read more
Goodbye to Britain’s favourite mortgage? Halifax axes two-year fixes for remortgage customers as lenders continue to pull up the drawbridge Halifax has pulled two-year fixed deals for remortgage customers Experts say the lender wants to retain low-risk customers for longer Banks and building societies continue to limit who they will lend to By Will Kirkman … Read more
Will the first rung of the housing ladder soon be off limits? Fears surface for first-time buyers as lenders pull low-deposit mortgages from the shelves Experts are worried first-time buyers may soon be priced out of the market There are now just 51 deals for buyers with a 10 per cent deposit to choose from Mortgage … Read more
Amigo Loans gets another extension until December from its own lenders on £250m finance deal The new deal will reduce the facility’s size from £300m to £250m Amigo says the waiver extension will help it understand the impact of Covid-19 Amigo must clear thousands of complaints before watchdog’s October deadline By Angelique Ruzicka For Thisismoney.co.uk … Read more
NMC Health secures £192m lifeline from lenders By Daily Mail City & Finance Reporter Published: 22:03 BST, 3 August 2020 | Updated: 22:03 BST, 3 August 2020 NMC Health has secured a £192m lifeline from its lenders. Lifeline: The scandal-hit hospitals provider was forced into administration in April The scandal-hit hospitals provider was forced into … Read more
Boost for first-time buyers as lenders bring back mortgages for borrowers with a 10% deposit By Miles Dilworth For The Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:05 BST, 21 July 2020 Lenders are bringing back mortgages for borrowers with a 10 per cent deposit in a boost for first-time buyers. Nationwide … Read more