We have been following the journey of Lord Bird’s Creditworthiness Assessment Bill through the parliamentary process and I was very thrilled to see it progress through the committee stage at the end of last week, with widespread support and no amendments. Read more
Martin Hagerty, Castlight Financial’s Chairman, once defined company culture to me as “the things people do when they know they’re not being watched”.
I like that definition. Because it doesn’t just apply to companies. It applies to whole industries too. Read more
Castlight Financial, the Glasgow-based financial capability company, is partnering with Paradigm Mortgage Services and Foundation Home Loans to launch a major pilot of its Affordability Passport, an affordability tool powered by open banking technology, which allows brokers to process mortgages in under 10 minutes. Read more
I wrote recently about the sea change in perspective in the lending landscape. The FCA is urging lenders to be more forward looking, to anticipate how borrowers will be able to repay their debt further down the line. Will they be able to weather a storm or will they go under? Read more
Gross mortgage lending in 2018 has been predicted to rise for the eighth year in a row to reach its highest level since 2007, according to the fifth annual market review and forecast from the Intermediary Mortgage Lenders Association’s (IMLA), published today. Read more
Women’s leggings and mashed potato will now be used instead of pork pies and lager sold in nightclubs to help calculate the cost of living in the UK. These changes, reported by the BBC, are part of the Office for National Statistics’ (ONS) annual review of the basket of goods used to measure the UK’s inflation rate. Read more
Back in October, I gave the new, international accounting standard IFRS9 a hearty endorsement, because I firmly believe it drives right to the heart of affordability. The IFRS9 standard, introduced in January, has a radical new perspective, recognising the importance of looking forward, anticipating problems before they happen. Read more
Jamie Oliver’s bestselling 30 Minute Meals book was published in 2010. Two years later his 15 Minute Meals book knocked JK Rowling’s new novel off the bestseller top spot. And last year his 5 Ingredients, quick and easy food was a favourite stocking filler. This latest speeded-up offering reduced the number of items to shop for to 5 and gave us the recipe for delivering Seared Sesame Tuna to the plate in just 10 minutes. Read more
It is great to see housing as a key element in Chancellor Philip Hammond’s spring statement. His £44 billion project includes 215,000 new homes in the Midlands and an extra £1.7bn for affordable housing in London, equating to 26,000 new homes. Read more
We are living in exciting times as the power of artificial intelligence is unleashed, impacting on every sphere of life. At home, we might have Alexa at hand to dim the lights for us, so we don’t have to leave the sofa and I expect most of us are keeping an eye on the self-driving cars story, however we feel about it. Read more
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