Tag: launch

Scope launches £20m bond programme

Scope launches £20m bond programme

Disability charity Scope is to launch a £20 million bond programme to produce a new source of funds for its charitable activities. The move will see the charity become one of the first in the UK to enter the capital markets. The charity will team up with Investing for Good, a specialist social finance intermediary, [...]

Government launches back to work scheme

Government launches back to work scheme

The Government has launched its new “Work Programme”, which aims to get people off benefits and back to work. The scheme will see mainly private companies trying to find work for claimants in the UK. The moves are part of the coalition Government’s welfare crackdown which is designed to make a life on benefits “no [...]

MP launches campaign to save the chequebook

MP launches campaign to save the chequebook

David Ward, the Liberal Democrat MP for Bradford East, has launched a campaign to save the chequebook. The campaign comes after the UK Payments Council voted to phase out cheques on 31 October 2018, but stated that cheques will not be phased out until an “accessible and acceptable” alternative payment system is introduced. Cheque usage [...]

My Home Finance launched for those unable to secure a loan

My Home Finance launched for those unable to secure a loan

The coalition Government has introduced a new scheme aimed at borrowers with a poor credit history or those on a low income. My Home Finance has been set up by the Government and the National Housing Federation (NHF), with 10 branches opening across the West Midlands by the end of next month. If successful, the [...]

Metro Bank plans to wow customers

Metro Bank plans to wow customers

Metro Bank, which is Britain’s first new high street lender for more than a century, opened its doors today in Holborn, central London. The bank welcomed dogs with a bowl of water and a bone and offered their owners free breakfast. Dog lover, US billionaire and former Commerce Bank owner, Vernon Hill, said “dogs rule [...]

New High Street bank opens in London today

New High Street bank opens in London today

Metro Bank, which aims to make banking a “fun retail experience” opens in Holborn, central London today. The bank is Britain’s first new high street lender for more than a century and it has pledged to return to “core banking values”. The bank said it will employ more cashiers than the existing “big four” banks, [...]

CFEB launched today to help avoid debt

CFEB launched today to help avoid debt

The newly created Consumer Financial Education Body (CFEB) has been launched today and is aimed at enhancing consumers’ financial education and their ability to manage their finances, thereby avoiding debt. The creation of the London-based agency comes at a time when the Government is concerned that a lack of financial knowledge means that consumers are [...]

Tesco and Spicerhaart launch online estate agency

Tesco and Spicerhaart launch online estate agency

Tesco has joined forces with Spicerhaart to launch an online estate agency aimed at saving home-sellers money. iSold.com is so far only available in the Bristol area; the new service charges a flat fee of £999 in return for which properties are advertised on portals such as Rightmove. All contact with vendors and purchasers takes [...]

Apple profits surge 50% due to high demand

Apple profits surge 50% due to high demand

Apple has benefited from the continued popularity of iPhones and posted a net profit of $3.4 billion (£2.08 billion) in the three months to 26 December - a 50% rise compared with a year earlier. The California-based technology giant, which has bucked the trend in the economic downturn, impressed analysts after sales grew 32% in [...]

Abbey launches broker-only mortgage range

Abbey launches broker-only mortgage range

Abbey for Intermediaries has launched a broker-only mortgage range with no legal or valuation costs attached. According to the lender, the new deal is the first of its kind to be offered to brokers and could save customers up £1,650 in upfront costs. The Homebuyer Plus range includes a two-year tracker at 3.29% for a [...]

Northern Rock launches “Flexible” mortgage range

Northern Rock launches “Flexible” mortgage range

Northern Rock has introduced a new range of home loans with rates starting at 2.99%. The state-owned lender’s “Flexible” offering includes a two-year tracker at 2.99% (Bank of England base rate + 2.49%) with a £995 fee, or at 3.79% with no fee. Both options are offered at a maximum loan-to-value (LTV) ratio of 65% [...]

Pension Quality Mark launched

Pension Quality Mark launched

The Pension Quality Mark has been launched in a bid to help potential employees assess the quality of a work-place scheme on offer, as well as making them more attractive and understandable to employees. It also hoped the award will boost the take-up of pension savings - particularly among younger employees. The scheme is being [...]

Average fixed-rate deal available for only 14 days

Average fixed-rate deal available for only 14 days

Mortgage experts have been urging homeowners to opt for fixed-rate mortgages for weeks, to hedge against an inevitable rise in the base rate. However, new research from Moneyfacts shows that lenders are launching and withdrawing fixed-rate deals with almost indecent speed. Last month the average time scale for borrowers to secure a fixed-rate mortgage fell [...]

NHF launches “Save our Villages” campaign

NHF launches “Save our Villages” campaign

The National Housing Federation (NHF) has launched its “Save our Villages” campaign. The body, which represents not-for-profit housing associations in England, asserts that housing in rural areas is more expensive than in cities and towns, and often way beyond the means of many local residents. It warns that rural England is becoming “the preserve of [...]

BSkyB bucks downturn with introduction of HD

BSkyB bucks downturn with introduction of HD

BSkyB has reported a 7 percent increase in adjusted revenues for the last 9 months with adjusted operating profit increasing by 13 percent to £589m, as the company added a further 80,000 new customers in the first quarter of this year and 243,000 customers opted for the Sky+HD package. Despite the company saying that the [...]

HSBC launches new home loans for first-time buyers

HSBC launches new home loans for first-time buyers

HSBC is launching a range of home loans with first-time buyers in mind. The new mortgage offering includes a two-year fixed-rate with a maximum 90% loan-to-value ratio, at 4.99% and with a fee of £1,499. Also likely to be of interest to house purchasers with a 10% deposit is the lender’s two-year fixed-rate loan at [...]

Islamic bank launches new House Purchase Plan

Islamic bank launches new House Purchase Plan

Islamic Bank of Britain (IBB) has launched a House Purchase Plan which it claims combines a low rate with a low fee. The Sharia’a-compliant lender says it is intent on increasing its share of the mainstream mortgage market with its offering of a fixed-rate of 3.99% plus £299 in administration costs. The rate is fixed [...]