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Peer2Peer Finance News | October 20, 2018

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UK Finance

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LONDON has been replaced by New York as the world’s top financial centre in a think tank’s latest rankings, due to uncertainty over the Brexit outcome.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

Banks reject P2P lenders on money laundering concerns

July 5, 2018 |

PEER-TO-PEER lenders have been turned away by banks when trying  to open the client money accounts that are legally necessary for them  to operate.

Despite the vast majority of platforms now being fully regulated, Peer2Peer Finance News has seen messages … Read More

Remortgaging activity boosts lending market to £22.2bn

June 26, 2018 |

MORTGAGE lending rose to £22.2bn in May thanks to heightened remortgaging activity across the UK.

However, industry specialists have warned that an imminent rate rise may lead to a slowdown in the third quarter of the year.

The latest UK … Read More

New SME funding hub will boost awareness of P2P

June 8, 2018 |

PEER-TO-PEER finance resources will be included in a new funding hub for high-growth businesses looking to scale up in the UK.

The interactive website, launched by the British Business Bank, offers articles, infographics, videos and event listings aimed at digitally-savvy … Read More