The Kalifa Review

An independent strategic review of UK financial technology (FinTech) has been published in line with the emerging prominence of this sector and the UK’s highly regarded fintech reputation. Also known as ‘The Kalifa Review’, its purpose is to aid the adoption and growth of Fintech in the UK. The review illustrates a strategy and delivery…

lenders quadrin

Lenders’ Reluctance Over 90% Mortgages Grows

Mortgages with a 90% loan-to-value (LTV) are likely to remain scarce whilst employment figures and the economy remain fragile, expert lenders have warned.  With a second lockdown announced for England, an unemployment spike is expected, making lenders wary of committing to anything high-risk.  At a recent video conference organised by St James Place, various experts…

repossessions

Repossessions Loom as Mortgage Assistance Ends

The threat of repossessions looms for thousands of homeowners across the UK as measures introduced to protect them during the coronavirus pandemic are lifted.  As of next month, borrowers will no longer be able to ask their lenders to defer mortgage payments and a moratorium on repossessions for mortgage arrears will be lifted. Mortgage holidays…

second charge lending

Experts Predict a 100% Growth in Second Charge Lending

Experts have predicted that second charge lending will grow by 100% in the second quarter of 2020. Leading second charge brokerage Loans Warehouse made the prediction about second charge loans, where borrowers are able to use existing equity in a property towards a second loan, after seeing some market recovery following the lockdown caused by…

lenders

Lenders warned as repossessions restart

Lenders across the UK have been warned to ‘go easy’ on homeowners as repossessions restart following a period of halt.  Lenders have been warned by the Financial Conduct Authority (FCA) that they must treat the 1.8 million homeowners who have taken out a mortgage holiday over the past few months fairly.  Director of Consumer and…

eviction ban lifted front door

Eviction bans for England and Wales lifted

As of Monday, the eviction ban in England and Wales has ended, leaving up to 55,000 households vulnerable, according to campaigners. Although there has been mounting pressure from councils and charities alike, the legal eviction process can now be progressed fully through the courts. The government’s reasoning for this is that they already extended the…