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Peer2Peer Finance News | December 17, 2018

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UK Finance

Landbay: London property prices putting a brake on UK market

November 14, 2018 |

STAGNANT house prices in London are acting as a brake on UK house price growth elsewhere, according to Landbay chief executive John Goodall (pictured).

The latest Office for National Statistics (ONS) house price index shows that UK house prices increased … Read More

P2P lending rules to impact mortgage industry, says UK Finance

November 6, 2018 |

UK FINANCE has cited peer-to-peer lending rules among the initiatives set to impact the mortgage industry and warned that “multiple, uncoordinated and un-sequenced regulatory and legislative proposals” will increase operational risks in the financial services sector.

Jackie Bennett, director of mortgages at UK … Read More

Mortgage lending slows in September

October 24, 2018 |

THE UK mortgage market softened during September, according to the latest figures from UK Finance.

The trade association’s data found that gross mortgage lending across the residential market in September equated to £21.5bn, a 1.2 per cent decrease from the … Read More

UK Finance appoints board members from Bibby and Mastercard

October 12, 2018 |

TWO new board members have joined banking trade body UK Finance.

David Postings, global chief executive of Banbury-based Bibby Financial Services, and Mark Barnett, president of Mastercard UK, Ireland, Nordics and Baltics, will replace former Amicus Finance chief executive John … Read More

SME housebuilders urged to consider alternative finance

October 5, 2018 |

CROWDFUNDING has been highlighted as a key source of funding in a new guide to help small- and medium-sized enterprises (SMEs) fund property developments.

Trade body UK Finance and the Federation of Master Builders (FMB) have launched the guide for … Read More

SMEs unwilling to borrow despite greater access to finance

October 2, 2018 |

ALMOST two thirds of UK small- and medium-sized enterprises (SMEs) are not willing to borrow money to fund the expansion of their business, amid “subdued” attitudes towards external financing.

According to the latest BDRC SME Finance Monitor, just 34 per … Read More

Remortgaging fuels rise in approvals

September 26, 2018 |

THE NUMBER of remortgages approved in August soared, fuelling a small rise in the overall mortgage market, according to figures from UK Finance.

The trade association’s data for last month showed that mortgage approvals by the main high street banks … Read More

London loses out to New York in financial centre rankings

September 12, 2018 |

LONDON has been replaced by New York as the world’s top financial centre in a think tank’s latest rankings, due to uncertainty over the Brexit outcome.

The Global Financial Centres Index (GFCI), compiled by think tank Z/Yen each March and … Read More

Mortgage and business lending see summer slowdown

August 24, 2018 |

HOMEBUYERS and businesses had a tougher time accessing finance during July, figures suggest.

Banking data from trade body UK Finance shows mortgage approvals and business lending both dropped on an annualised basis in July, while consumer credit grew.

The value … Read More

Manufacturers boost business borrowing in June

July 25, 2018 |

THE AMOUNT borrowed by UK businesses fell by 1.8 per cent over the 12 months to June amid “ongoing economic uncertainty”, according to new research.

This was an improvement from a 2.6 per cent decline in the 12 months to … Read More