Breaking News
Assetz Capital Lowers Commercial Mortgage Interest Rate
Assetz Capital has lowered its entry interest rate for commercial mortgages from 7.9% to 6.9% in an unprecedented move to give access to even lower rates for lower-risk borrowers looking for commercial mortgages. This is one of the lowest rates available from any alternative finance providers.
Assetz Capital has identified that there are many credit-worthy small and mid-sized businesses throughout the UK that are looking for faster acceptance times to resolve their borrowing requirement and greater flexibility around the loan structure and repayment profile. These borrowers are sometimes unable to meet every item of a traditional bank’s stringent checklist for a commercial loan or can ill afford their lengthy acceptance and processing times.
Assetz Capital’s commercial mortgages have been specifically designed to keep small business borrowers in mind and to meet the borrowing criteria of time-poor businesses that are looking for greater flexibility from lenders. Some business requiring a commercial loan may prefer interest-only periods while others could prioritise seasonal repayments. In principle, through Assetz Capital, decisions on whether or not a loan will be offered can be made in just one day.
Stuart Law, CEO of Assetz Capital said, “With a market-leading nationwide network of professional Relationship Directors across the UK, we’re in a great position to meet borrowers and their brokers face to face to identify the best options available and to potentially offer a decision in principle in just one day. We continue to delight brokers and their borrowers with our highly experienced but pragmatic approach to lending and this new lower interest rate is another milestone for the peer-to-peer industry and for Assetz Capital.”
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Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
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Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
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State Bank of India and MUFG Sign Strategic Partnership to Strengthen India–Japan Financial Collaboration
State Bank of India (SBI), India’s largest commercial bank, and MUFG Bank, Ltd., (MUFG) Japan’s premier global financial institution, today announced the signing of a Strategic Partnership Agreement to advance bilateral financial collaboration and strengthen the India–Japan economic corridor. The agreement aims to enhance mutual collaboration by further leveraging the complementary strengths of both institutions to facilitate cross-border capital flows, create new synergistic financing opportunities and support sustainable economic growth across two of Asia’s largest economies.
Solance Selects SaaScada to Power Next-generation Payments Platform
Solance, a Dublin-based financial institution providing financial services for family offices, corporate service providers and corporates with multi-entity structures, has selected SaaScada to power its new multi-currency payments platform as part of its European launch.
Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
The Investment Association (IA) – the trade body for the UK investment management industry – today launched its ‘UK Crypto Assets Regime: How the investment management industry can navigate new waters’ report, produced in collaboration with Travers Smith.
Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
Socotra Becomes First Insurance Core to Release Generally Available AI
Socotra announced the general availability of Socotra Assistant, a powerful AI underwriting capability built directly into Socotra Operations Workbench
BioCatch unveils DeviceIQ: Redefines how banks evaluate device risk in the AI era
BioCatch, which prevents fraud and financial crime by recognising patterns in human behaviour, today announced the launch of DeviceIQ, a comprehensive new device identification and intelligence product transforming how financial institutions evaluate the trustworthiness of devices used for digital banking.
Ledgible and Label Partner to Streamline Digital Asset Tax Information CARF & DAC8 Reporting and Compliance
Ledgible, the enterprise digital asset tax, accounting, and data reporting platform, today announced a strategic partnership with Label to deliver integrated CARF (Crypto Asset Reporting Framework) and DAC8 reporting solutions for digital asset businesses.