Lloyds Banking Group has posted an impairment charge of £4.2bn for 2020, in a results report that also shows the value of lending subject to payment deferrals reached £65bn last year
Different conditions preceding this recession may help cushion effects on the housing market, compared to 2008, but protracted lockdowns may create a worst-case scenario, explains Martin Beck
The mortgage lending and broker community have reacted in various ways to the Stamp Duty change, with one trade body claiming government support is needed on other schemes
A new NatWest index has revealed a 64% decrease in mortgage applications, since the lockdown began, while 240,000 of its existing customers have requested a mortgage payment holiday during that time
This week the House of Lords will debate an amendment to legislation that would write down the total amount owed by customers on debts sold by banks to debt purchasers
Small businesses that took out bounce back loans will get the chance to extend their loan term to 10 years and take a six-month payment holiday, under plans to offer SMEs a flexible repayment scheme
Credit Strategy is hosting its latest broadcast masterclass on 16 February, which will explore new tools for trade credit professionals working in the most intense environment they’ve faced
TSB has posted a statutory pre-tax loss of £204.6m for 2020, compared with a £46m profit the year before, in a results update that admits its performance was “significantly impacted by the Covid-19 pandemic"
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