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First-time homeowners get a boost as Tembo helps generation rent buy with the power of family lending


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- Tembo is a new family finance platform, looking to close the vast generational wealth gap in the UK.
- Its first product provides an innovative solution to help home buyers get on the housing ladder by increasing the size of deposits by leveraging the income and assets of willing family members.
- Over 70% of its users to date were unable to get a mortgage until they used Tembo.
- On average Tembo users could save £14,000 in interest charges over the initial term.
- The business is backed by leading investors including Aviva and Fair by Design.
LONDON, June 9, 2021 /PRNewswire/ Families can now help their loved ones with buying their homes without the need of a cash lump sum as Tembo, the next generation lending platform backed by Aviva and Fair by Design (which includes Nationwide, Big Society Capital and Joseph Rowntree), launches a new approach to family lending for mortgages. Tembo offers a range of family deposit boost and guarantor produc ....

United Kingdom , City Of , Kostenloser Wertpapierhandel , Geoff Wright , Barrow Cadbury , Richard Dana , Joseph Rowntree , Laura Moross , Eddie Ross , Big Society Capital , Joseph Rowntree Foundation , Chief Product Officer , Fair By Design , House Price Index , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஜியோஃப் ரைட் , பரோ கேட்பரி , ரிச்சர்ட் டானா , லாரா மோரோஸ் , எட்டி ரோஸ் , பெரியது சமூகம் மூலதனம் , தலைமை ப்ராடக்ட் அதிகாரி , நியாயமான வழங்கியவர் வடிவமைப்பு , வீடு ப்ரைஸ் குறியீட்டு ,

Virgin Money to help customers avoid 'poverty premium' on energy bills


Last modified on Mon 15 Mar 2021 08.20 EDT
A scheme to help low-income households avoid paying too much for their energy bills is being launched by Virgin Money, which has said it wants to ensure none of its customers are paying a “poverty premium” within 10 years.
Utilities and other services typically cost more for customers who do not pay by direct debit or shop around and move to the cheapest deals.
Research suggests that the average low-income household pays an extra £490 a year for essential services, and that the poorest families are being charged at least £780 more than if they could access the best deals. ....

City Of , United Kingdom , David Duffy , Market Foundation , University Of Bristol , Virgin Money , Social Market Foundation , Fair By Design , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , டேவிட் டஃபி , சந்தை அடித்தளம் , பல்கலைக்கழகம் ஆஃப் பிரிஸ்டல் , கன்னி பணம் , சமூக சந்தை அடித்தளம் , நியாயமான வழங்கியவர் வடிவமைப்பு ,

Nationwide launches startup challenge to tackle poverty premium


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Nationwide launches startup challenge to tackle poverty premium
24 February 2021
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Nationwide Building Society has launched a start-up challenge, calling for ideas to help tackle the so-called poverty premium, which sees poor people pay more for essential services.
According to Fair By Design, the lowest paid Brits are subject to a poverty premium of up to an extra £478 a year for essentials due to increased costs of services and access to finance.
The number of households affected is on the up thanks to Covid-19, with the Legatum Institute estimating that almost 700,000 additional people faced poverty during the Winter of 2020 as a result of the pandemic. ....

Claire Tracey , Legatum Institute , Fair By Design Fund , Building Society , Nationwide Building Society , Fair By Design , Block Chain , கிளாரி ட்ரேசி , நியாயமான வழங்கியவர் வடிவமைப்பு நிதி , கட்டிடம் சமூகம் , நாடு முழுவதும் கட்டிடம் சமூகம் , நியாயமான வழங்கியவர் வடிவமைப்பு , தலைப்புச் செய்திகள் , தொகுதி சங்கிலி ,