7th December 2023 - Credit Connect

Redwood Bank appoints Chief Commercial Officer

7th December 2023 Appointments |

Redwood Bank has announced that it has appointed John Eastgate as its new Chief Commercial Officer. Eastgate has more than 30 years’ experience and has previously worked in C-suite roles with OSB Group and Shawbrook Bank. Gary Wilkinson, Co-Founder and CEO of Redwood Bank, said “John has joined us at a very important time and…

Financially vulnerable people are twice as likely to end up in debt

7th December 2023 Arrears and Recoveries | #Financially vulnerable debt

Financially vulnerable people are twice as likely to end up in debt each time they take out a new credit product, according to new research from AI powered transaction analytics firm, Fuse. More than four in ten (44%) people in this group say they’ve ended up in debt after taking out a credit product in…

Three quarters of buy-to-let landlords have raised rent this year

7th December 2023 Consumer Collections |

Three quarters of buy-to-let landlords (76%) have raised rent over the past year with the main reason being to cover higher mortgage costs, according to a latest survey by Landbay. Over half of landlords (51%) cited mortgage payments and 20% said their letting agent had advised them to raise the rent. Property maintenance, repairs and…

Together appoints Corporate Sales Manager

7th December 2023 Appointments |

Property lender Together has announced that it has appointed Surb Kaur as Sales Manager. Kaur has more than two decades of experience in commercial finance, will be the Group’s representative within the West Midlands as the finance company continues to grow its £6.6 billlion loan book. She joins from NatWest, where she was a Relationship Director, having first begun…

Cautious consumers delay Christmas spending

7th December 2023 Commercial Credit Management |

Latest figures from the British Retail Consortium (BRC) have shown the total retail sales increased 2.7% in November, against a growth of 4.2% in November 2022. This was above the 3-month average growth of 2.6% and below the 12-month average growth of 4.1%. Food sales increased 7.6% on a Total basis over the three months to November.…

Four in ten renters paying £1,200 above advertised rate

7th December 2023 Consumer Lending | #rent

New polling shows one-fifth of private tenants have also experienced rent hikes mid-way through a tenancy without their agreement according to New Economics Foundations (NEF). NEF says that the desperate state of the private rental market in England has been laid bare, with new polling which shows four in ten households renting privately (39%) that…

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