CashLady has said that the number of people resorting to payday loans to cover rent or mortgage payments has increased by 115% in two years. Statistics from the credit broker also show that the average loan requested is up from £224 in 2015 to £325 this year Cabot has...
Morses Club has reported a strong H1 with revenue increasing 15% year-on-year from £47.2m to £54.2m and adjusted profit before tax increasing from £8.6m to £8.7m over the same period. Customer numbers increased from 207,000 to 233,000 SKY News research has found that...
Cabot Credit Management, the UK’s biggest debt collector, has announced it is to delay its planned £1bn IPO after one of its directors, Peter Cook, the former chief executive of Provident Financial, resigned Goldman Sachs is to provide £100m of debt and equity...
David Miles – a former member of the Bank of England’s MPC – and James Sefton have published a report suggesting that home values will carry on rising until the typical property costs 15 times the average income. The paper, published by the Centre for...
OakNorth has revealed it has lent over £710m to entrepreneurs since launching in September 2015. The bank has lent over £430m so far in 2017 and says it has another £700m-worth of deals in the pipeline ONS has reported that annual house price inflation slowed slightly...
UK Finance has reported that landlord investment in London property has dropped by over 50% since April 2016, when the Government increased stamp duty for buyers of second homes. In Q1 2017, there were 1,126 mortgaged purchases by buy-to-let landlords in London, down...
