Peer-to-peer lender Zopa has recently announced that it has acquired its banking license, following up on hints that it would launch a bank.
The lender has said it will roll out a range of new banking products next year, including fixed-term savings accounts, credit cards and a money management application, making it the latest challenger bank to try and take on the larger lenders.
The company has dropped several hints in the past that it wanted to launch a bank, recruiting an ex-Barclays executive in April and accumulating £60m in a recent fundraising round.
Latest News
Is 2025 the year of the remortgage?
An estimated 1.8 million fixed rate mortgage deals are due to expire in 2025, 400,000 more than in 2024. This surge in remortgaging presents a critical opportunity for mortgage brokers to offer essential advice and financial support to homeowners across the UK, ensuring they transition smoothly to new deals amid stabilising interest rates and heightened affordability checks.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories