West One Loans has reached a settlement agreement with an investor that was suing it for not returning its investment of £235,000 made on a bridging loan.
Bridging lender Fincorp has introduced greater anti-fraud measures by signing up to the Syndicated Intelligence for Risk Avoidance database and committed to send field officers to verify borrowers. Fincorp is one of nine Association of Short Term Lenders members to have signed up to the online Sira database which allows for the cross-referencing of information […]
Bank of England governor Sir Mervyn King says the funding for lending scheme has achieved its central objectives despite a “disappointing” drop in net lending. Speaking to the Parliamentary Commission on Banking Standards today, King said the scheme had cut the cost of funding for banks and stopped lending levels being much worse than they […]
NatWest Intermediary Solutions has reintroduced its 5.29 per cent five-year fixed rate, first-time buyer mortgage at 90 per cent LTV with no product fee. The lender has also cut rates on a number of its residential mortgage by up to 0.64 per cent from tomorrow and removing product fees on its 90 per cent LTV […]
Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]
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