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...]
News for: Finance
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...]
GCBF and River Capital drive North West growth with £1.4 million NPIF II investment
GC Business Finance (GCBF) and River Capital have provided £1.4 million worth of funding to 23 businesses in the North West since the second Northern Powerhouse Investment Fund (NPIF II) launched in March 2024. The two organisations manage as a consortium NPIF II - GC Business Finance & River … [Read more...]
Together successfully prices first RMBS of 2025
Cheadle-based specialist property lender, Together, has announced it has the successful pricing of its £276.8 million 2nd charge only residential mortgage backed securitisation (RMBS), TABS13. TABS13 is supported by a portfolio of 2nd charge owner occupied and buy-to-let loans secured … [Read more...]
Bank of England cuts base rate to 4.5%
The Bank of England's Monetary Policy Committee (MPC) has voted in favour of cutting the bank's base interest rate to 4.5%. Economists on the bank's MPC were unanimous in calling for a cut in interest rates and voted 7-2 in favour of the 0.25 point decrease, with those voting against preferring a … [Read more...]
Stockport ecommerce platform raises £2 million from second Northern Powerhouse Investment Fund
Stockport based ecommerce platform, Shopblocks, has raised £2 million from NPIF II – Mercia Equity Finance, part of the Northern Powerhouse Investment Fund II (NPIF II). The latest investment from NPIF II – Mercia Equity Finance – which is managed by Mercia Ventures as part of the Northern … [Read more...]
Handelsbanken research highlights self-assessment worries of the self-employed
More than 300,000 self-employed people have reported that they expected to miss the January 31st deadline for completing self-assessment tax returns and paying any money owed, new research from Handelsbanken Wealth & Asset Management shows. Research came alongside the release of HMRC data … [Read more...]
Azets urges business owners to think carefully before acting ahead of Inheritance Tax changes
A tax specialist in the North West at accountancy and business advisory firm, Azets, is urging business owners and shareholders to seek comprehensive advice before gifting shares to their children because of impending changes to inheritance tax (IHT). The announcement of changes to Business … [Read more...]
Pension reforms to encourage funds to increase investment
The Government has announced reforms to occupational defined benefit pension schemes that are managed well that will enable funds to increase their investment in the wider economy. Proposals will see restrictions lifted on well-funded, occupational defined benefit pension funds that are … [Read more...]
Vernon Building Society completes £1.2 million refurbishment of branch network
Vernon Building Society has completed the refurbishment of its Marple branch, successfully concluding its £1.2 million refurbishment programme across all six branches. The new-look branch in Marple has doubled in size, after Edward Mellor moved into a new premises, enabling the Vernon to create a … [Read more...]
Together appoints North West corporate relationship director
Cheadle-based property lender, Together, has appointed Melanie Fourie as Corporate Sales Director for the North West as it expands its distribution in key regions. A finance professional with 30 years’ experience in the industry, Mel re-joins Together, having previously worked at the … [Read more...]
Employers in the North West “unprepared” for real-time benefits-in-kind reporting, warns Azets
Employers in the North West have less than 15 months to prepare for compulsory HMRC reporting on payroll expenses and benefits-in-kind, but many are unprepared, warns Lee Stott from the North West tax team at UK accountancy and advisory firm Azets. He said: “This is going to cause a serious … [Read more...]
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