lenders quadrin

Lenders’ Reluctance Over 90% Mortgages Grows

Mortgages with a 90% loan-to-value (LTV) are likely to remain scarce whilst employment figures and the economy remain fragile, expert lenders have warned.  With a second lockdown announced for England, an unemployment spike is expected, making lenders wary of committing to anything high-risk.  At a recent video conference organised by St James Place, various experts…

mortgage lending

New Mortgage Lending Hits £530million

The Co-Operative Bank has revealed that new mortgage lending has reached £530 million during the third quarter of 2020.  The bank also announced that net residential lending had hit £242 million whilst net SME lending was at £225 million and Bounce Back loans and the Coronavirus Business Interruption Loan Scheme (CBILS) were reported to have…

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Experian Face Fine Over Major GDPR Breach

Credit reference agency Experian could be facing a major fine after they were found to be breaching GDPR guidelines. The UK’s Information Commissioner’s Office (ICO) have warned the firm that they have nine months to comply with an enforcement notice or face what could be a huge fine. The regulator found that Experian were illegally…

buy to let portfolio bank

Permanent TSB sells buy-to-let portfolio

Personal finance service provider Permanent TSB has agreed the sale of a portfolio of performing buy-to-let mortgages.  The portfolio, worth about €1.2 billion, has been sold to Citibank London, the UK branch of US-based Citibank. The deal also involves the sale of a pool of about 3,700 buy-to-let loan accounts.  All of the loans are…