Credit brokers who charge upfront fees to clients looking for an unsecured loan have been warned about their conduct.
The OFT have moved to revoke the credit licences of two associated loan and finance businesses; NIZ Financial (UK) Ltd and First Money Direct Ltd after uncovering unfair business practices.
The full story is here.

TFS Money, the newly formed packaging arm of TFS Loans, have announced plans to launch into the intermediary market.
More to follow shortly…

There is yet another entrant into the already crowded unsecured loan market with the news that a new online loan broker has launched which sets itself apart as a ‘no frills, no fuss’ online loan provider.
www.alltypesofloans.co.uk has been launched as an alternative to those firms that confuse visitors when they reach their website because of [...]

Debt management franchise, Capital Debt Solutions, has announced changes to their franchise proposition.
The changes mean that their is a new menu based system in place which allows everyone the opportunity to tailor their package, depending on their needs, aspirations and financial investment. Entry starts from just £495 and moves up the scale to £3995 for [...]

Guarantor loans company, anytypeofloan.co.uk has announced plans to move into Northern Ireland with the opening of a new office in Lisburn in County Down / County Antrim.
The move is part of the company’s expansion plans as they look to open offices in all parts of the UK for guarantor loans, secured loans and payday loans.
Details [...]

The Lead Generation Association (LGA) has revealed that is in advanced talks with the Office of Fair Trading (OFT) over the approval of its Code of Conduct and Complaints Handling Procedures.
The Code of Conduct aims to ensure all members of the LGA adhere to the Code’s guidelines and professional standards, whilst also promoting best practice [...]

Overseas pensions are complicated enough and HMRC has updated the Qualifying Recognised Overseas Pension Schemes (or QROPS for short)  list.
You can download it directly from  http://www.pensionmaximiser.com where the full list of approved overseas pension schemes is listed in geographical format.

Here at anytypeofloan.co.uk we get asked lots of questions about Guarantor Loans and whether any individual can obtain finance, even though their financial situation may dictate that they can’t or rather they cannot through the old traditional means.
A guarantor loan is much like any other loan in that it is a sum [...]

Why Guarantor Loans
Guarantor loans are increasing in popularity and yet whilst they were a popular feature of the mortgage market (particularly in the 1980’s with rapidly rising house prices) they were almost unknown in the loans industry until about 18 months ago.
One of the reasons for this surge in popularity in [...]

Guarantor loans provider anytypeofloan has reported a 40% increase in new enquires since the World Cup began.
Usually, loan enquiries reduce during the period of a major event such as the Olympics or World Cup but the reality this time is somewhat different as enquiries have actually increased for anytypeofloan.co.uk since the start of this major [...]

The deadline for the sale of 318 RBS branches passed on Monday 14th June 2010 with only one bidder remaining; The spanish bank Santander.
RBS are looking to do a deal for between £1.5billion and £2billion with Santander likely to offer £1.7billion to secure the purchase. If the deal does go ahead then it further strengthens [...]

QROPS provider, apensionloan.com have opened a new office in Prague that is dedicated to providing QROPS advice to expats and UK pension holders living abroad. QROPS stands for Qualifying Recognised Overseas Pension Scheme.
On the 6th of April 2006, HMRC introduced new legislation on transferring frozen pension funds from the UK to overseas QROPS solutions. This change means [...]

Well known financial services entrepreneur Paul Naden has temporarily shelved plans to buyout Churchwood Financial, the Stockport based debt management business.
Churchwood is owned by Mike Noblett who owns 70% of the company whilst Naden has 13% which he purchased last year. Naden’s plan was to buyout Noblett’s majority shareholding via a private equity deal, however [...]

The Barclays subsidiary lending arm, Woolwich, has teamed up with Bovis, the UK  housebuilder to offer 1st time buyers a new mortgage product.
This new product is available up to a loan to value of 90% but only if the buyers are purchasing a new Bovis home. It also comes with 3 years accident, sickness and [...]

David Fisher has been appointed to the position of CEO for Sainsbury’s Finance after five months in the role of interim CEO.
Fisher is to oversee plans for sustainable growth of the financial services arm of Sainsbury’s and will be based between Edinburgh and London.
He said: “We have ambitious plans for growth, and know there [...]

Former Enterprise founder and chief executive Michael Clapper has launched sellmycommercialproperty.co.uk, offering fees to intermediaries who introduce business.
Sellmycommercialproperty.co.uk is a joint venture between Clapper Holdings and Werth Associates and will sell all types of commercial property across the UK, including shops, offices and industrial units. It offers decisions on whether to purchase or not [...]

Ex-GE Money Home Lending COO Andy Punch, is set to take up the same role with Swift Advances, the secured loan specialist owned by Alchemy Partners.

The Sunday Times rich list for 2010 has just been published and the loan industry is represented by five individuals / families. They are, as my old dad used to say, ‘not short of a bob or two’.

There are rumours emanating from very reliable sources that there are three new secured lenders launching in the first quarter of 2010.

Sussex based Passive Investments has gone into liquidation.