Cashlady, Cabot, Cash Converters and Halifax in Lending
- CashLady has said that the number of people resorting to payday loans to cover rent or mortgage payments has increased by 115% in two years. Statistics from the credit broker also show that the average loan requested is up from £224 in 2015 to £325 this year
- Cabot has announced a delay to its London IPO, blaming unfavourable market conditions
- Cash Converters has warned customers concerning a data breach on its website. The data breach exposed customer accounts on the company’s old UK website, which was replaced in September 2017
- Halifax has teamed up with Google to create Halifax Jargon Buster, a service aimed at simplifying the home buying process by clarifying mortgage terms. The service is accessible using Google Assistant and tailors illustrations of a particular property term to the prospective borrower
- Cebr research has found that stamp duty is preventing 45,000 house purchases annually. According to the Daily Telegraph, the Chancellor is expected to announce a temporary stamp duty holiday for first-time buyers in his Budget.
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