Credit, Collections & Insolvency News
The UK economy unexpectedly failed to grow for the second month running in July with quarterly growth of 0.5% after also flatlining in June, according to the Office for National Statistics (ONS). The monthly result reflects a modest rise in services output which was more than offset by declines in both Production and Construction Anna…
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Flint Bishop prepares for further growth with the strategic appointment of a new Chief Information Officer Law firm Flint Bishop has announced appointed Paul Tennant as its new Chief Information Officer (CIO), as it looks to make further significant investment in innovation and technology to enhance the delivery of its services, support clients’ objectives and…
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Ahead of the Autumn Budget, the Institute of Directors has written to the Chancellor of the Exchequer summarising the policy changes that it believes would have the greatest positive impact on the rate of sustainable economic growth in the UK. In its Budget submission, the IoD has set out key recommendations for the Chancellor in the following…
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One in eight women who held a joint mortgage in the last two years experienced joint mortgage economic abuse from a current or former partner – equivalent to over 750,000 people, according to a new report by the charity Surviving Economic Abuse. The report, ‘Locked into a mortgage, locked out of my home’, funded by…
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Commercial finance brokers are seeing a significant rise in client requests to support more complex projects, latest survey data from Asset Advantage has revealed Nearly a third of brokers have seen an increase in funding requests for soft or tricky assets, while 29% of brokers report a rise in projects involving negative balance sheets, but…
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Specialist lender Spring Finance has announced it is partnering with Optalitix and LendingMetrics to launch a technology-led origination system. Optalitix Originate will provide Spring’s mortgage origination platform, while LendingMetrics will supply an integrated decision engine. The collaboration will enable Spring to fully automate the decision in principle and application process, using data from credit reference…
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