Cheadle-based property lender, Together, has announced it has upsized its £1.25 billion Charles Street securitisation (CABS) programme into two revolving facilities totalling £1.59 billion. The separation of CABS, which supports residential owner occupier and buy-to-let loans, further simplifies … [Read more...]
News for: Finance
Bank of England holds base rate at 4.75%
The Bank of England's Monetary Policy Committee (MPC) has voted to maintain the bank's base interest rate at 4.75%. The decision follows inflation data published by the Office of National Statistics (ONS) revealing a second consecutive rise in the Consumer Price Index to 2.6% in November 2024, … [Read more...]
Greater Manchester’s female entrepreneurs given £20 million boost through Start Up Loans
The British Business Bank’s Start Up Loans programme has delivered £20 million worth of loans to female-owned businesses in Greater Manchester across 2,156 loans. Reaching this milestone highlights to commitment of the Start Up Loans scheme in reaching underrepresented founders and opening up … [Read more...]
Inflation rose to 2.6% in November
Inflation rose to 2.6% in November according to the latest Consumer Price Index (CPI) data from the Office of National Statistics (ONS). The increase of 0.3 percentage points on October's inflation data means prices in November at their fastest rate since March, with goods on average 2.6% more … [Read more...]
Handelsbanken research finds over half of adults don’t have a will in place
Over half (57%) of UK adults don’t have a will in place, including a third (32%) of over-55s, research conducted for Handelsbanken Wealth & Asset Management has revealed, while 18-34-year-olds (79%) were the most likely not to have a will. Findings highlight a critical gap in estate planning … [Read more...]
UK joins Asia-Pacific trade bloc bringing £310 million boost to North West economy
The UK has officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade agreement, which is set to boost the UK economy by up to £2 billion a year, with £310 million of gains in the North West. The trade bloc, comprising Canada, Australia, Japan, … [Read more...]
Evaluation of Start Up Loans programme reveals benefits for entrepreneurs
An independent evaluation into the British Business Bank's Start Up Loans programme has found small businesses accessing this funding have higher survival rates. Research conducted by SQW working in partnership with Warwick Business School's Professor Mark Hart, Qa Research and The Data City, … [Read more...]
Dale House owner secures £42 million funding deal with NatWest
Manchester-based real estate investment and development company, and owner of Dale House in Stockport town centre, MCR Property Group has secured a £42 million investment from high street bank, NatWest. The deal will enable MCR to strengthen their position and add value across a broad spectrum of … [Read more...]
Together relaunches Premier proposition
Stockport-based property lender, Together, has announced the appointment of Scott Clay as director of Premier to oversee the relaunch of Together Premier, a specialist division to cater for the funding needs of select high net worth (HNW) clients. The channel will specialise in large, complex and … [Read more...]
Together welcomes new Head of Portfolio
Cheadle-based specialist property lender, Together has announced the appointment of a new Head of Corporate Portfolio within its corporate real estate lending team. Simon Carrier will lead the team of corporate portfolio directors and managers responsible for managing and nurturing its existing … [Read more...]
£3 billion added to housing guarantee programmes for housebuilders
The government has additional £3 billion in housing guarantees to existing support schemes for housebuilders and make credit facilities more accessible. The government guarantees will reduce risk for lenders and encourage an increase the availability of loans for housebuilders and other finance … [Read more...]
Vernon Building Society volunteers help RSPB plant saplings this National Tree Week
Volunteers from Stockport's Vernon Building Society are planting oak and alder tree saplings at the RSPB site at Dove Stone Nature Reserve this National Tree Week (23 November to 1 December). Nine employees are spending two days planting the trees (on 26 and 28 November) at the reserve to help … [Read more...]
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