For the first time in Vernon Building Society’s 100-year history, the total assets of the Stockport mutual have exceeded £500 million, growing by 10% to £506 million, while profit before tax increased to £3.5 million. From a position of financial strength, the Vernon will continue to focus on … [Read more...]
News for: Finance
Together successfully completes Brooks Asset Backed Securitisation 2
Cheadle based specialist property lender, Together, has announced it has completed new Brooks Asset Backed Securitisation 2 (BABS2) facility. The sub-performing loans facility succeeds the lender's current BABS facility, first issued in 2021. The £121.9 million securitisation consists of a varied … [Read more...]
Bank of England holds base interest rate at 4.5%
The Bank of England's Monetary Policy Committee (MPC) has voted to hold its base interest rate at 4.5% after agreeing a small 0.25 percentage point fall in February. The decision follows recent rising inflation, which saw the CPI rise to 3% in January, and sparked some speculation that the Bank's … [Read more...]
Together successfully prices commercial real estate MBS
Cheadle-based non-bank lender, Together, has announced the successful pricing of its fifth public small balance commercial real estate mortgage-backed securitisation (MBS). The £522.2 million CRE5 securitisation is supported by a portfolio of first and second charge mortgages (97.9% first charge) … [Read more...]
Handelsbanken report highlights persistent gender gap in finances
A new report published by Handelsbanken Wealth & Asset Management has highlighted the persistent gender gap in both wealth and financial education and confidence. The Building your financial future: Are you in control? report, published ahead of International Women's Day on Saturday 8th … [Read more...]
British Business Bank boosts North-west female-founded businesses with £50 million in Start Up Loans
The British Business Bank’s Start Up Loans programme has delivered £50 million worth of loans to female-owned businesses in the North West, with businesswomen in Greater Manchester receiving £20 million of that total. With 36% of loans provided in the North West going to female entrepreneurs, the … [Read more...]
North West small businesses turning to external finance, finds British Business Banks
The British Business Bank has found that usage of external finance by smaller businesses in the North West increased by 8 percentage points in the first half of 2024. The bank's Small Business Finance Markets 2024/25 report, published 4th March, reveals region saw the UK’s highest share of … [Read more...]
Greater Manchester businesses warn of April rise in costs in letter to Chancellor
The Greater Manchester Chamber of Commerce (GMCC) has written to Chancellor Rachel Reeves warning of the rising costs facing businesses in April following last year's Budget. Measures announced in the Chancellor's October Budget including a rise in the National Living Wage and an increase in … [Read more...]
Cheadle lender announces quarterly results
Cheadle-based property lender, Together, has announced its quarterly results for the three months ended December 31, 2024. The quarter saw the group's loan book reach a new high of £7.7 billion, with average monthly lending also up to £283.2 million. Despite some increase in arrears in some … [Read more...]
Vernon Building Society invests in first ever TV ad
100 years since its founding in Stockport, Vernon Building Society is investing in its first TV ad as part of a campaign to grow its visibility across Greater Manchester and Cheshire. From Monday 24 February, the Vernon’s Make It Count ad will encourage viewers to think about where they keep … [Read more...]
Together announces internal promotions in underwriting team
Cheadle-headquartered property lender, Together, has announced promotion of several long-term employees in its underwriting team, in line with its commitment to colleague development. Rebecca Alden (pictured left) will be returning to underwriting, taking up the position of underwriting … [Read more...]
Inflation rises to 3%
Inflation rose to 3% in January according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS), its highest level in 10 months. The increase in the annual rate of inflation marks a 0.5 percentage point rise on December's figure, and has exceeded economists … [Read more...]
- « Previous Page
- 1
- …
- 10
- 11
- 12
- 13
- 14
- …
- 156
- Next Page »