Mortgage possession claims have increased by 11%, when compared to October – December 2018 figures according to Ministry of Justice (MOJ) figures. The increase in mortgage possession claims, saw a 24 per cent rise in orders and a 9 per cent rise in repossessions compared with the same quarter last year. The latest MoJ statistics…

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 1% in December 2019, and by 6% in 2019 to reach a record annual total of £35.7 billion. In December, the IT equipment finance sector continued to report double-digit growth as…

New trials are looking to build on evidence that training frontline support workers in money guidance can help the UK’s most vulnerable people to address and avoid financial problems such as going into debt. Funded and coordinated by the Money and Pensions Service (MaPS), the trials will be run by Shelter England, Shelter Scotland, Hafal in Wales and NIACRO…

New figures released by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q4 2019 was 25, 10.7% lower than in Q4 2018.  The annual total of repossessions in this market fell to a record low of 98 in 2019. The rate of second charge mortgage repossessions (as…

New figures released by the Finance & Leasing Association (FLA) show that Second charge mortgage new business volumes up by 19% in 2019. Commenting on the full year 2019 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said “The…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in December 2019 by 12% compared with the same month in 2018, driven by the timing of Black Friday and Cyber Monday retail events.  In 2019 as a whole, this market reported new business growth of 1%. Credit…

The Financial Conduct Authority (FCA) has announced the appointment of Sheldon Mills as the Interim Executive Director of Strategy and Competition. Currently the FCA’s Director of Competition, Sheldon will replace Christopher Woolard as he steps into the role of Interim Chief Executive. He will become a member of the FCA’s Executive Committee. Sheldon joined the…

Secure Trust Bank Commercial Finance has bolstered its senior team with the appointment of Richard Foote as its Regional Managing Director for London and the South East as it looks to support more businesses seeking funding. Foote joins from ABN AMRO Commercial Finance (“ABN”) where he held the role of Director of Origination and Structuring…

Conversational middleware company Webio has announced it has achieved ISO 27001 certification. ISO 27001 is the internationally recognised Information Security Management Standard that proves an organisation’s commitment to the security of their customer, employee and shareholder’s information. The information security management accreditation has been achieved by demonstrating Webio’s commitment to protecting data and corporate information. …

Glasgow-based software provider, HubSolv has announced a move to a new office in Glasgow City Centre, as part of the company’s expansion plans. Located in a prime location within Glasgow city centre, HubSolv’s new office is a stone’s throw from their previous setting, and it is more than double in size totalling 2,896 square foot.…