Tech Mahindra to acquire share capital of Target Group

UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio

UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio from the legacy book of NRAM (including £12 billion of loans within the Granite securitisation vehicle, plus a further £1billion of non-Granite assets) to Cerberus Capital Management LP.

UK Asset Resolution (UKAR) announces the transfer of its mortgage servicing operations to Computershare

Harrington Brooks acquire Debt Lifeboat business

Duff & Phelps have acquired Corporate Finance Ireland (CFI)

Businesses Planning Payments is vital to avoid missing important payment commitments on Bank Holidays

Businesses Planning Payments is vital  to avoid missing important payment commitments on Bank Holidays, says Bacs Payment Schemes Limited Business owners and finance teams must make sure important payments to staff, customers, and suppliers are submitted early.

The Government has announced that it is proposing a three month moratorium from creditor action for insolvent or near-insolvent companies

Gross mortgage borrowing of £12 billion in the month was 12% higher than in April 2015

Gross mortgage borrowing of £12 billion in the month was 12% higher than in April 2015.  House purchase approval were 6% lower than in April 2015.

Government proposals in the Digital Economy Bill

Government proposals in the Digital Economy Bill,  suggests switching mortgages in seven days maybe possible in the future.

Mortgage fraud suffers losses equivalent to £1.3 billion annually, according the Annual Fraud Indicator 2016 report

Mortgage fraud suffers losses equivalent to £1.3 billion annually, according the Annual Fraud Indicator 2016 report. Out of every 10,000 mortgage applications, 84 are suspected of being fraudulent.

In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business

In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business. The company claims it will service three out of every five outsourced UK mortgages (approximately 62%) totalling £73 billion

HML (Home Management Ltd) is to be rebranded as Computershare Homeloan Management