Credit, Collections & Insolvency News
Gross mortgage lending held steady in October and was an estimated £20.6 billion, according to the Council of Mortgage Lenders (CML). This closely matches September’s gross lending total of £20.5 billion and is 5% lower than October last year (£21.8 billion). Commenting on market conditions in this month’s market commentary, CML senior economist Mohammad Jamei…
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Marston Holdings (Marston) is pleased to announce that Daniela Quicksilver has joined the Group as Corporate Strategy Director. Quicksilver previously worked at Rothschild, where she worked for the private debt fund, Five Arrows Credit Solutions. She was closely involved with the fund’s investment in Marston, and therefore has nearly three years experience working with the Group.…
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Elevate UK has added four new members to its executive team. Lauren Darby joins as Vice President of Marketing, Karen Taylor as General Counsel & Director of HR, George Power as Senior Director for Product Development, and Steve Grice as Chief Technology Officer. Lauren Darby is heading up Elevate UK’s marketing division, which includes leading…
Read moreFamilies with children are more than twice as likely to have been trapped in problem debt as childless households, research by The Children’s Society has revealed. A survey commissioned by the charity found that one in five families with children in England and Wales (20%) have struggled with problem debt in the last year. By…
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The Chartered Institute of Credit Management (CICM) has urged more support for Code in driving better payment practice. A business leader and expert in late payment has welcomed the report from the Federation of Small Businesses (FSB) into the impact of poor payment practice but challenged a proposal that signatories to the Prompt Payment Code (PPC) should…
Read moreAldermore, has made several new appointments to its Business Finance Risk Management function. Jerry Barrie has been appointed as Head of Asset Management. Barrie assumes responsibility for the monitoring and evaluation of the Bank’s asset finance portfolio and collateral. Prior to joining Aldermore, Jeremy worked in asset management at CIT Vendor Finance, a commercial and…
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Zopa has announced plans to launch “Next Generation” Bank Banking licence will lead to extended range of savings and borrowing products, their intention to launch a bank to enhance their market-leading peer-to-peer business. The application for a banking licence will be made to the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA). Jaidev…
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Rob Lankey has been appointed as Interim Chief Executive Officer of the NACFB following the announcement on the 28th October 2016 that Adam Tyler is standing down after 11 years at the helm. Lankey starts with immediate effect to assist with the handover. Lankey, who left Aldermore at the end of June 2016 after nine…
Read moreSevern Trent has announced it will acquire rival water company Dee Valley Water in a deal worth £78.5 million. Severn Trent operates in neighbouring of Dee Valley Water areas in England and Wales. It will pay 1,705 pence in cash per share for the company, which supplies approximately 62 million litres per day to more than 258,000…
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Latest figures from Equifax Touchstone indicate that Northern Ireland and Scotland saw a big slump in mortgage sales at -8.7% and -5.2% respectively during October. The Home Counties and South Coast were the only regions to report mortgage sales growth in October (+2.5% and +1.0% respectively), according to Equifax Touchstone analysis of the intermediary marketplace. Northern…
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TotallyMoney.com has hired Tom Platt to head up its commercial team. Platt starts the new role as Chief Commercial Officer in late November. With over 15 years of experience working in the financial services and technology sectors, Tom joins TotallyMoney.com from leading cloud services platform provider BCSG, where he oversaw global sales and partnerships. Prior…
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