Ben Barbanel

Santander UK has made reductions of up to 0.36% to all standard residential fixed rates across its purchase, remortgage, green mortgage, new build and buy-to-let ranges, with rates now starting from 3.85% Examples of residential remortgage rates that have been reduced include: 60% LTV two-year fixed rate residential remortgage with a £999 product fee is now priced at 4.09%, down from 4.19%.  85% LTV two-year fixed rate residential remortgage with £999 product fee is now priced at 4.89%, down from 5.19%. 75% LTV three-year fixed rate residential remortgage with no product fee is now priced at 4.54%, down from 4.84%. 60% LTV five-year fixed rate residential remortgage with £999 product fee is now priced at 3.95%, down from 4.05%. 

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🚀 Another Growth Guarantee success story on the books at Lendoe! 🚀 The Growth Guarantee Scheme (GGS), launched on July 1, 2024, is the successor to the Recovery Loan Scheme. If you're an SME that’s been turned away by high street lenders, I highly recommend checking it out. Since the scheme’s launch, we've helped numerous SMEs access funding through our partners—many of which previously relied on costly short-term credit to manage cash flow. Accessing the GGS has been a game-changer for them. I'm especially proud to have supported another FMCG business in securing their first government-backed Growth Guarantee loan through one of the key CDFIs we work with. I’ll be talking about this in much more detail next week. Want the full scoop on how we did it? Check out the case study on how we helped this SME unlock growth here: https://lnkd.in/gevvTJxQ. Big thanks to everyone involved! 🙌 Keep believing, keep dreaming—growth is always within reach. 💡💪 Have a great weekend, all! 🎉 #Growth #Financing #SME #FMCG #Lendoe

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Fascinating and detailed analysis on what economically ails the UK - with a focus on housing, transportation and energy. Well worth reading

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We definitely need to move to making our pensions funded, and recycle these funds into the local economy to drive growth and invest in the services we need. We also agree that we need many more suitable financial products for pensioners to supplement their incomes, equity release is one but there are others such as retirement interest only mortgages, and hybrid variants. These need to be funded by the pension savings, and Solvency UK should be a good step forward to make this happen. Other countries already connect the pension savings with the mortgage market, Perenna will be the enabler in the UK. #mortgages #laterlifelending #equityrelease

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A well structured deal by Cameron Hayes

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Exporting or importing…read on…

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The impact of the SVR on the amount a homebuyer can borrow is significant. For many the cheapest rate for a few years might not be a good outcome.

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Great news from Inicio AI! Inicio AI is now the first dedicated I&E (Income & Expenditure) provider to gain FCA authorisation for passporting I&E, a significant advancement for financially vulnerable consumers. Why is this important? Financially vulnerable individuals often face multiple credit agreements in arrears and are required to complete many affordability assessments (I&E), which can be stressful when repeated 7+ times across different systems. With a growing number of consumers in financially vulnerable circumstances, now reaching 20.3 million (source: Fair4All Finance this issue is more relevant than ever. Budgie + Passporting Inicio AI’s I&E solution, Budgie, is the UK’s easiest and most accurate tool for completing I&E. Now, with consumer consent and FCA approval, Inicio AI can passport the I&E to other lenders, simplifying the process and reducing the burden on consumers. Win:Win Their dedication has resulted in a solution that supports businesses and benefits our most vulnerable individuals. Congratulations to Rachel Curtis and the Inicio AI team! 👏

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I am delighted to be speaking at The Annual UK Mortgage Finance Conference at the Landmark London on 18th September 2024, where I’ll be on the following panel: "Alternative Lender Financing: A Glimpse into Specialist Lender, Challenger Bank, and Building Societies Financial Destiny". Check out the full agenda here for more details. #DealCatalyst #GetDealsDone #MortgageFinance #Securitisation #StructuredFinance”

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Tandem Bank Smashes £650m Milestone in Home Improvement Lending for Greener Homes Alex Mollart, CEO at Tandem Bank, commented: “Households contribute to 40% of the UK’s emissions. Getting a firm grip on this and helping consumers cut household emissions would represent a big step in the UK’s transition to net zero. Today’s milestone shows that customers want to start the transition and we’re here to help many more – but more widely, they need support and a solid plan from the new Government to ensure that many more can make greener choices.” Julian Nutley https://lnkd.in/e2BqRvWH #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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🔍 Don't miss out on your chance to join the Newton charity seminar on 16 May - places are limited! Our charity experts will explore the investment backdrop, net zero, stewardship and more. Come and join us to discover how investment decisions can make a tangible difference to solving real-world challenges. https://bit.ly/4aE7D7l #CharitySeminar #InvestmentOpportunities #MarketOutlook

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Delighted to see Puma Property Finance’s own Head of Impact Sarah Milne expertly chairing the first session of the opening day at UKREiiF’s Sustainable Growth Pavilion. Key takeaways from the session which focused on unlocking sustainable finance for SME developers: - incorporating sustainability aspects for SME developers who may lack the in-house knowledge or resourcing is hard - providers of finance need to step up and support SME developers who are making an effort - the support that really makes a difference is tangible (i.e. £££) not just words Puma’s market-leading Impact Lending Framework can offer up to a 1% reduction in finance costs for developers delivering impactful schemes. We want to do our bit to support the SME community. If you have a sustainable development you think could meet our criteria, get in touch. Equally, if you manage an #impact fund and are looking for a forward thinking partner to help you deploy capital, we’d love to hear from you. #sustainablefinance #greenlending

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CDFI lending increases by 14% to a record high of £287m, turning ripples of finances into waves of change. At Lendology CIC, we're proud to contribute to this momentum, transforming homeowners' lives through responsible lending. Read more in Responsible Finance Impact Report https://lnkd.in/eWSFydQ2 #RipplesToWaves #CDFIs #ResponsibleFinance #Lendology #FinancialInclusion

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“A Budget with real ambition… a Budget for economic growth…” Rt Hon Rachel Reeves sought to restate her vision for October 30 in her conference speech here in Liverpool today. “Growth is the challenge… investment is the solution.” At The Quoted Companies Alliance we welcome the sentiment and await the detail. Our members undoubtedly count among the “success stories” the Chancellor referenced, but some are also “entrepreneurs struggling to access finance”. In the Budget we hope to hear that vital tax incentives that help young public companies to grow - VCT, EIS, business relief - are maintained and built on. And as for investment, let’s put UK pensions to work backing great UK prospects - as well as ISA cash that right now is unproductively invested. #liverpool #partyconference #growthcapital #publicequity #midcaps #smallcaps #aim #aquis #ftse #investment #wealthcreation #ukeconomy #budget2024 #shares

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Private sector investment starts at home… literally…. Perenna will channel through the introduction of long term fixed rate mortgages private sector funds into the housing market. Improving home ownership will boost domestic spending and create a healthier and wealthier Britain. The Times Perenna #economy #investment #privatecapital #longtermfixedratemortgages

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An astute perspective of how each market has its own unique reality. KNOW your market!

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