Credit, Collections & Insolvency News
Latest figures from UK Finance’s Mortgage Trends update for Quarter 2 2018 show a continued growth for UK remortgaging with London remortgaging activity reaching a nine-year high. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said “Remortgaging in London reached its highest level in nine years in the second quarter of this year, as…
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Aldermore has announced that it has appointed Damian Thompson as its new Director of Retail Mortgages. Damian has worked in financial services for the last 27 years starting his career with HBOS and then across senior roles in Principality and Newcastle Building Society. At Newcastle, he was Customer Director and a member of the Board. He…
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Personal insolvencies are on track to hit 105,000 per annum by 2022, breaking highs last seen six years ago, according to the latest econometric forecast from Arrow Global’s ‘Debt Britain 2018’ research. Analysis shows that personal insolvencies have been on the increase since 2015 and rising interest rates on the back of the Bank of…
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New research from Hitachi Capital Business Finance has indicated that the number of small businesses predicting growth for the next three months has hit its lowest level for more than a year – and the amount predicting they will struggle to survive or close has doubled from 5% to 10% in just three months. Hitachi…
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Payment performance is a big part of the due diligence we should undertake in respect of prospective customers. With the UK’s late payments culture affecting four in ten businesses, understanding the payment habits of prospective customers is crucial for cash flow management and survival. Last year I had the pleasure of meeting Hugh Gage, the creator…
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Someday you may find yourself without enough money to pay your suppliers and you’ll end up asking ‘what can a creditor do if I can’t pay them?’ We take a look at the actions that can be potentially used.In some cases legal action can be sought by creditors through the County Court or High Court. However, these…
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