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The Financial Conduct Authority (FCA) has called on lenders to remember the standards they should meet as consumers across the country are affected by the rising cost of living. With household bills expected to continue to rise into the autumn, the FCA says it is important that firms act now to make sure borrowers
The Bank of England (BoE) has increased the base rate by 25 basis points to 1.25%. The Monetary Policy Committee (MPC) voted by a majority of 6-3 to increase the bank rate by 0.25 percentage points, to 1.25%. The members in the minority voted to increase the bank rate by 0.5 percentage points, to 1.5%. The increase
Residential property transactions in the UK dipped on a monthly basis in January, show new government figures. On a non-seasonally adjusted basis, transactions fell to 85,520, which is 22.2% lower than in December 2021 and 12.6% lower than in January 2021, according to HMRC. Meanwhile, non-residential transactions
Ayoconnect, Southeast Asia's largest open finance platform, has closed a $15 million series B financing round led by Tiger Global. The...
Phoebus Software Limited (PSL) and Lendco have signed a four-year contract which will see the specialist lender onboard all new mortgage completions onto the latest Phoebus digital account servicing platform. Lendco’s existing book of buy-to-let mortgages, bridging and refurbishment loans will be migrated onto the Phoebus platform in Q1 2022. Using agile delivery methodology,