Uk Finance

The banking and finance sector has lent over £5.5 billion to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to the latest data from UK Finance.

The banking and finance sector has lent over £4 billion to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to the latest data from UK Finance.

UK lenders have given over 1.6 million mortgage payment holidays as of Friday 24 April 2020 to support customers facing financial difficulties due to coronavirus, UK Finance has revealed.

The banking and finance sector has lent over £2.8 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to the latest data from UK Finance.

The banking and finance sector has lent over £1.1 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to the latest data from UK Finance.

Lenders have provided over 1.2 million mortgage payment holidays to households whose finances have been impacted by COVID-19, UK Finance has revealed.

UK Finance has published comprehensive guidance for self-isolating financial services customers seeking to pay for essential goods.

Results from the second British Chambers of Commerce (BCC) Coronavirus Business Impact Tracker have revealed that most businesses have not yet successfully accessed the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses.

From today the spending limit for contactless card payments has increased from £30 to £45 across the country, UK Finance has announced.

Efforts are under way to help prevent further disruption to the buying and selling of homes across Scotland after Registers of Scotland (RoS) temporarily closed the application record and the UK Government advised home buyers and renters to delay moving unless the new property is empty.

To help home movers impacted by coronavirus, mortgage providers will give customers who have exchanged contracts the option to extend their mortgage offer for up to three months to enable them to move at a later date, UK Finance has announced.

The spending limit for contactless card payments will be increased from £30 to £45, with a national roll-out beginning from 1 April 2020, UK Finance has announced.

The Scottish Chambers of Commerce (SCC) has said that the additional support measures announced by Chancellor Rishi Sunak are essential if businesses are to survive the COVID-19 outbreak.

UK Finance has appointed Scottish Building Society chief executive Paul Denton to its mortgages board. Mr Denton joins other senior industry figures, including Santander’s Michael Sard, on the product and services board (PSB).

Small and medium-sized businesses (SMEs) in Britain are set to miss out on £3 billion in lost interest over the next year, according to new research.