lendable

Lendable Named in Tech Track 100 List

Peer-to-peer lending platform Lendable has been named in a list of the top 100 fastest growing tech companies in the UK. The annual Tech Track 100 league table is put together by research firm Fast Track and featured in The Sunday Times. The list assesses some of the countries leading and fastest growing private tech…

car finance

FCA Set to Ban Motor Finance Commission

The UK’s Financial Conduct Authority (FCA) has confirmed it is set to ban motor finance commission models that offer incentives to dealers and brokers to set higher interest rates. The ban will refer to commission models in the motor finance market where the amount of commission the broker receives is linked to the interest rate…

houses

Demand for UK Houses Grows Post-lockdown

Demand for houses across the UK has soared post-lockdown according to a report from property experts Zoopla.  The report revealed that properties are selling faster than before the pandemic as buyers return to the market on the hunt for three and four bedroom houses with space to work from home in particular.  Large homes in…

planning

Planning Permission Changes Welcomed by Lenders

The government’s planning permission changes have been welcomed by peer-to-peer lending platforms who focus on property development loans. The permitted development changes from the government are expected to result in a rise of business from small and medium sized enterprise (SME) borrowers. The new rules that came into play on 1st August allow two-story extensions…

lenders

FCA Issues Stark Warning to High-Cost Lenders

The Financial Conduct Authority (FCA) have issued a stark warning to high-cost lenders in regards to their re-lending practices. They have raised ‘significant concerns’ over the marketing practices used by high-cost lenders which they believe drive vulnerable borrowers into further debt. The warning comes after a review of 250,000 customers of the short-term, high-cost credit…