Court Enforcement Services acquires Elliott Davies

Shawbrook expects £9 million impairment charge

Irregularities at Shawbrook Group expected in the second quarter of 2016

Uncertainty for businesses and UK insolvency regime following Brexit

“Leaving the EU will have a major impact on the way corporate insolvency works in the UK.   “Domestic insolvency legislation itself is likely to be unaffected, the insolvency profession is involved in a lot of cross-border work in Europe. One key change is that it could become much harder to retrieve assets on behalf…

Hoist acquires Spanish portfolio

Portfolio comprises of non-performing banking claims originated by four regional banks.

Gross mortgage borrowing of £12bn in May was 10% higher than last year

Borrowing in the first five months of 2016 was £67.5bn compared with £51.7bn in the same period of 2015. British Bankers Association (BBA) High Street Banking Statistics

Santander to launch leasing product for consumers and businesses

Santander Consumer Finance UK (SCF) product to be sold through brokers and dealerships

Hat trick for 1st Credit as it achieves top customer rating

Investor in Customers (IIC) awards 1st Credit a three star rating for ‘exceptional’ customer service for the third consecutive year.

4% fall in Serious tenant arrears as jobs boom

Fewer tenants are falling into serious rent arrears thanks to the improving employment market, according to letting agents Your Move and Reeds Rains.

Leasing Foundation appoints Carl D’Ammassa of Aldermore to its board

Other new appointments to the board include Mike Randall, Jo Davis (Locke Lord), Fran Watson (Siemens Financial Services), Gavin Wraith-Carter (Hitachi Capital Business Finance), Gabriele D’Uva (GE Capital) and John Chadwick (Acquis Insurance Management).

Sutherland Mortgage Services permissions authorised by the Financial Conduct Authority (FCA)

New mortgage servicing firm in the UK has been granted a full range of mortgage permissions by the Financial Conduct Authority (FCA)

British Bankers Association (BBA) members vote in favour of trade Association merger

The BBA will now join the Council of Mortgage Lenders, Payments UK and UK Cards Association in a new trade association representing the financial services industry after 94% of its voting membership found in favour of the proposal.

UK North-South home repossessions gap halves in 2015

Last year but Northern towns still make up nine in 10 repossession postcodes, according to research by chartered surveyor, e.surv.

Financial Conduct Authority (FCA) admits it now takes half a year to get authorised

Average processing times for authorising have been increasing over the past year and (as of the end of March) sat at nearly 25 weeks.