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Mr Lender is a leading UK-based short-term credit provider, offering loans of up to £1,000 repayable up to 6 months. The business is highly rated as a responsible lender and equally so for customer care, with an average rating of 4.8 stars out of 5 on independent website Reviews.co.uk. Furthermore, 97% of customers rate us 4 stars or above*. * As at 15 January 2015

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STAMP DUTY JOY FOR THOUSANDS

Yesterday, Chancellor George Osborne gave his Autumn Statement to Parliament; the final one before the next General Election. The big bonus from a consumer’s perspective was the announced changes to stamp duty which came into effect today (from midnight). Until now, stamp duty has always been a major issue and expense for all home buyers across the UK. The way it was structured meant that many were penalised due to the trigger points set. Previous stamp duty bands were as follows: · 0% on property purchased up to £125,000 · 1% from £125,000.01 to £250,000 · 3% from £250,000.

MR LENDER LEADS WAY IN SHORT-TERM CONSUMER CREDIT MARKET

Mr Lender , a leading UK-based short term loans provider, today announces it is one of the first in its industry to introduce a new, lower interest rate for customers. This follows an announcement by the Financial Conduct Authority (“the FCA”) on 11 November 2014 introducing new price cap regulations. Under the new regulations, the following apply: 1. Interest payable is capped at 0.8% per day 2. Fixed default fees are capped at £15 3. The total interest and fees charged on a loan can never exceed 100% of the amount borrowed Following this announcement,

NEW FCA RULES FOR CREDIT BROKERS

On Monday this week, The Financial Conduct Authority (FCA) moved to introduce further rules regarding the activities of credit brokers operating in the short term lending market. The new rules came with no prior consultation, showing how serious the FCA regards the matter. What’s a credit broker? Generally, brokers operate through websites which offer to find loans for consumers, but a lack of clarity and disclosure on a number of sites led people to believe they were dealing direct with a lender. The broker could then find a lender to serve the customer, but – through small print

RESPONSIBLE ACROSS THE BOARD

Marc from Mr Lender gives his views on calls for payday loan TV adverts to be banned pre the 9pm watershed. It’s been widely publicised that the Financial Conduct Authority (FCA) is now responsible for the regulation of the high cost short-term credit market, otherwise known as the payday loans industry. This is a major but great move, as it will ensure a top-to-bottom refresh of a sector that has (quite rightly in some cases) earned a less than favourable image in the eyes of the public. Today it’s been reported that Government ministers are pushing for rules which would mean

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