KBRA Assigns Preliminary Ratings to Sierra Residential DAC Business Wire KBRA Europe (KBRA) assigns preliminary ratings to six classes of notes to be issued by Sierra Residential DAC, a static RMBS securitisation collateralised by predominantly first-lien, reperforming mortgage loans. As of 3 July 2026, the underlying collateral comprises a €353.5 million portfolio of seasoned residential mortgage loans, primarily secured by owner-occupied properties (95.3%), with the [...]
Natwest and Nationwide set for biggest profit hit from Healey’s bank tax raid Banking Natwest, Nationwide and Lloyds are set to feel the biggest hit to profit from John Healey’s bank tax raid, analysts have said. The trio of British banks, which have a larger domestic focus than their peers HSBC and Barclays, are the most exposed to Healey’s doubling of the surcharge, according to analysts at RBC. The [...]
Healey tells Bailey to loosen UK banking regulation after tax hike Banking John Healey has told Bank of England governor Andrew Bailey to loosen banking regulation “as quickly as possible” after the government raised taxes on the sector in the Budget. The Chancellor wrote to Bailey following the Budget with a direction for the Financial Policy Committee (FPC) to balance its stability mandate with support for economic [...]
Revolut to take fight to high street banks with UK personal loans October 26, 2026 Revolut is ramping up its battle with high street banking giants with the launch of personal loans in the UK market. The digital bank said on Monday it would begin offering loans between £2,000 and £25,000, which will be repayable over one to five years. The firm has insisted loans will have “transparent terms” and [...]
UK banks brace for sour loan spike as household savings run dry October 21, 2026 UK banks are bracing for a potential surge in unpaid debts as cash reserves at UK households plummet to their lowest levels in three years. The country’s top lenders are expected to provision a combined £4bn for loan-losses in 2027, according to an analyst consensus, but this risks coming up short as households are squeezed [...]
Ask the expert: Should I retire when I still have a mortgage? October 15, 2026 Mortgage worries overriding retirement excitement? Marianna Hunt is back to take a look over whether retiring while still owing money on your mortgage is a bad idea. I want to retire at 55, which is in five years’ time. However, I still have nine years of repayments on my mortgage. I think I could just [...]
MFS founder accuses administrators of ‘internecine warfare’ October 8, 2026 The founder of collapsed shadow bank MFS has accused administrators of “internecine warfare” and harassment as the firm’s creditors fight to unlock billions of pounds in frozen funds, City AM can reveal. Paresh Raja, the chief executive of Market Financial Solutions who has denied claims he siphoned “vast sums” from the mortgage firm, has asked [...]
Veriv Acquires bankVOD to Unify Financial Verification Across Mortgage, Audit and Government October 8, 2026 Backed by Renvent Holdings and Sunriver Capital Partners, the newly launched Veriv makes bankVOD the first in a planned series of acquisitions
Interest rate fears dampen UK house buying demand October 8, 2026 Brits held off inquiring about buying new homes last month as fears over higher mortgage rates dampened the market. Housing demand dropped in September, according to a survey from the Royal Institution of Chartered Surveyors (RICS), which found that 22 per cent of property professionals saw buyer inquiries fall last month. That figure was up [...]
KBRA Assigns Preliminary Ratings to Merrion Square Residential 2026-1 DAC October 7, 2026 KBRA Europe (KBRA) assigns preliminary ratings to seven classes of notes to be issued by Merrion Square Residential 2026-1 DAC, a static RMBS securitisation collateralised by predominantly first lien, reperforming mortgage loans. As of 30 June 2026, the underlying collateral comprises a €635.2 million portfolio of secured mortgage loans. These mortgages are largely secured by [...]