Illegal lenders who take advantage of cash-strapped customers should be jailed ‘for five years’, say MPs By Daily Mail City & Finance Reporter Published: 21:51 BST, 20 July 2020 | Updated: 22:18 BST, 20 July 2020 The All Party Parliamentary Group on Alternative Lending fears the coronavirus crisis will prompt a spike in illegal lending … Read more
Switch mortgages early to save: Lenders allow homeowners to move to a better rate four months before end of their current deal By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Lenders are allowing homeowners to move to a better rate up to … Read more
Boss of one of Britain’s challenger banks hits out at Treasury for failing to include smaller lenders when it was setting up its lifeline loan scheme By Daily Mail City & Finance Reporter Published: 22:16 BST, 29 May 2020 | Updated: 22:16 BST, 29 May 2020 The boss of one of Britain’s challenger banks has … Read more
Lenders can ‘take the strain’: Outgoing Bank Governor Mark Carney says coronavirus will not cause a financial crash as bad as the Great Recession By Daily Mail City & Finance Reporter Published: 21:51 BST, 11 March 2020 | Updated: 21:51 BST, 11 March 2020 Mark Carney has reassured the country that coronavirus will not cause … Read more
FCA launches probe as lenders are accused of cashing in on Covid-19 by fee-gouging to exploit desperate firms By James Salmon for the Daily Mail Published: 23:40 BST, 28 April 2020 | Updated: 23:40 BST, 28 April 2020 Leading banks are being investigated by the City watchdog amid concerns that they have been exploiting firms … Read more
Mortgage lenders axe almost HALF of buy-to-let mortgage options amid ongoing coronavirus lockdown Mortgage lenders have slashed buy-to-let deals in the wake of the coronavirus More than 1,300 buy-to-let mortgage deals have been axed since March This accounts for nearly half of all available deals, with 1,593 now left Learn more about how to help … Read more
Lender’s court bid tips troubled private hospital group NMC Health towards collapse By Lucy White For The Daily Mail Published: 21:50 BST, 6 April 2020 | Updated: 22:21 BST, 6 April 2020 A major lender to troubled NMC Health has filed to have the company put into administration. Abu Dhabi Commercial Bank (ADCB), which is … Read more
Homeowners who bought with a small deposit and are now nearing the end of their fixed or tracker rate deal could find themselves forced onto a higher interest rate, pushing monthly payments up significantly. Most lenders say they will honour the Government promise to offer homeowners struggling financially due to coronavirus a mortgage payment holiday … Read more