Credit, Collections & Insolvency News
Latest UK Finance data has highlighted that £3.5 billion was lent to SMEs in the fourth quarter of 2023 – the first quarter not to see a fall since Q2 2022. Figures from banking trade body UK Finance show that lending to SMEs fell for a third consecutive year in 2023. Gross lending to SMEs…
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The UK’s leading debt advice charities StepChange, Money Advice Trust, Citizens Advice, and Christians Against Poverty, alongside the Law Centres Network, have today written to DLUHC Secretary of State Michael Gove urging him to prioritise the Renters (Reform) Bill in this parliamentary session and calling for stronger protections in the Bill for private renters experiencing…
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Smart Money Cymru Community Bank and Newport Credit Union have announced that they will merge. The combined entity, which will be called Smart Money Cymru and will be the largest organisation of its kind in Wales, offering financial services to more than 15,000 members across a branch network extending through the Valleys and into Mid…
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Mortgage lender Halifax has announced that will impose a new 70-year age limit on the terms of its home loans for some borrowers. Adrian Lowery, Financial Analyst at wealth manager Evelyn Partners said “Having raised the limit to 75 only last summer, the lender is apparently reining back on lending that is now perceived as…
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Sigma Connected and BMet have renewed their eight year partnership their successful link-up. Since 2016, Sigma Connected and Birmingham’s BMet College have provided development and career opportunities for over 800 unemployed people through the launch of a Sector-based Work Academy programme. The partnership, which is part-funded by the Department for Work and Pensions and West…
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