Credit, Collections & Insolvency News
New data from Rightmove has shown that average advertised rents outside of London hit a new all-time high of £1,314 per calendar month in the second quarter of 2024, according to the online property platform, indicating a 7% jump from the previous year. In London, rents hit a new record of £2,661, 4% above the same…
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The Financial Stability Board (FSB) has published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors, ahead of the G20 meeting on 25-26th July. In his letter, Knot highlights historically high debt levels of both government and private sector borrowers and vulnerabilities in real estate markets and Non-Bank Financial…
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Telrock Systems has announced that it has appointed collections software and domain expert Andrew Pritchard to their leadership team to support the company’s rapid growth and expansion. As Chief Strategy Officer, reporting to Telrock Systems Chief Executive Officer, Pritchard will fulfill a new role designed to optimise company growth and success across all aspects of…
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Soaring borrowing costs and strict lending rules have driven down the value of buy-to-let (BTL) mortgages to the lowest level in almost three decades according to latest UK Finance data. The reports showed that the number of outstanding mortgages to landlords had fallen for the first time since 1996, when bespoke loans for property investors…
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UK Finance has launched a new site including a step-by-step digital guide and FAQ to support charities and other voluntary organisations open and manage bank accounts. The new site also includes a free Account Finder tool, to help organisations in the voluntary sector find the best account for their needs. The launch of the site…
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