13th June 2023 - Credit Connect

Credit blips impact 53% of adult’s ability to get a mortgage

13th June 2023 Consumer Lending | #mortgages

New research by lender, Together has found that over half (53%) of adults with a credit blip have revealed that it has impacted their ability to get a mortgage, with the figures rising to 86% of those aged 18-34. The specialist lender’s survey also shows that among those who’ve had a mortgage application rejected, a…

North East is most affordable rental region

13th June 2023 Consumer Collections | #rental costs

The North East was England’s most affordable region to privately rent last year, Paragon Bank analysis has revealed. In the North East of England, earnings averaged £30,078 in 2022. A rental affordability ratio of 23.5% is derived by dividing this by £7,054, the average annual cost to privately rent a home in the region. This…

Increase in mortgage rates expected to cost households £9bn

13th June 2023 Consumer Lending | #mortgages increase

Rising mortgage rates are set to cost homeowners an extra £9 billion this year and into 2024, according to the Centre for Economics and Business Research (Cebr). The research found that the volatility in the mortgage market has intensified as major banks swiftly withdraw their mortgage offerings, creating more uncertainty for potential homebuyers and homeowners…

Optimum Finance appoints Senior Relationship Manager

13th June 2023 Appointments |

Invoice finance provider Optimum Finance has announced it has appointed Mike Jones as a Senior Relationship Manager. A former semi-professional sportsman, and with a Twickenham Cup Final to his name, Jones has almost 25 years’ experience in invoice financing and lending to growing businesses. He has worked for some of the biggest names across multiple…

British Business Bank appoints new Chief Risk Officer

13th June 2023 Appointments | #appointments

The British Business Bank has appointed Chantal Geall as its new Chief Risk Officer, effective from September 2023. Geall joins the British Business Bank from Lumon Pay, a private equity-backed firm that provides payment services and foreign exchange to private individuals, small businesses and institutions. As part of her role, Geall built their risk function…

Experian launches account fraud prevention solution

13th June 2023 Company News |

Experian has launched a new service which will help banks and building societies identify and close ‘money mule’ accounts which are used to house fraudulently-obtained funds. Money mules are individuals who have agreed to let their bank accounts be used by criminals in exchange for cash. According to new insights from Experian, 42% of first-party…

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