Credit, Collections & Insolvency News
New Ministry of Justice data has shown the number of households removed from their homes by court bailiffs as a result of no-fault evictions is up 41% in one year in England. Between April and June 2023, 2,228 households were evicted by bailiffs because of a Section 21 no-fault eviction, up from 1,578 households since…
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Latest data from UK Finance for Quarter 2 (Q2) has found that arrears and possessions data shows that there were 81,900 homeowners in arrears of 2.5 per cent or more of their outstanding balance. Mortgages in arrears accounted for 0.93 per cent of all homeowner mortgages outstanding. UK Finance predicts that this figure will remain…
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Begbies Traynor has announced that it has further strengthened its team with the addition of experienced Insolvency Director Claire Dowson who is relocating from the firm’s Sheffield office and returning to her roots in the North East. With 18 years’ experience in insolvency, Dowson joined Begbies Traynor in Sheffield in 2015 having already passed the…
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Belfast-based Insolvency Practitioner and restructuring expert Ian Leonard has been appointed as Chair of insolvency and restructuring trade body R3 in Northern Ireland. Leonard is a Director at Interpath Advisory in Ireland, will work with R3 to design and deliver events and conferences for members in Northern Ireland, and support the lobbying and representation work…
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Home collected credit firm, CLC Finance has entered into administration. CLC Finance is a trading brand of Hamsard 3225 Limited. The company is a high-cost lender operating in various regions in England and Scotland including Yorkshire, Lancashire, Derbyshire, Nottinghamshire, Lincolnshire, North-East, Cumbria, Strathclyde, Tayside, Mid Lothian, Kilmarnock and Ayrshire. Robert Maxwell and Julian Pitts of…
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Latest figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in June 2023 by 18% compared with the same month in 2022. In the first half of 2023, new business was 15% higher than in the same period in 2022. The business…
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Latest figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in June 2023 by 2% compared with the same month in 2022. The corresponding value of new business grew by 2% over the same period. In the first half of 2023, new business fell 5% by…
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Latest figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in June 2023 by 1% compared with the same month in 2022. In the first half of 2023, new business was 3% lower than in in the same period in 2022. The retail store and online credit sector…
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Latest figures from the Finance & Leasing Association (FLA) show. that second charge mortgage lending returned to growth in June. However, quarterly lending fell by 9% by volume and 10% by value compared to the same quarter in 2022. The number of new agreements stood at 32,575 over the past year, an increase of 5%…
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