Company News

Financial Conduct Authority (FCA) admits it now takes half a year to get authorised

Average processing times for authorising have been increasing over the past year and (as of the end of March) sat at nearly 25 weeks.

Drydensfairfax mortgage administration permissions authorised by the Financial Conduct Authority (FCA)

This means that drydensfairfax is now fully authorised to administer a regulated mortgage contract and offer dual regulated and highly compliant services such as mortgage shortfall recoveri

West Bromwich Mortgage Company loses legal case

West Bromwich Mortgage Company needs to pay more 6,000 landlords around £27.5 million back following a Court of Appeal ruling on raising its tracker mortgage rate.

Target Group creates hundreds of jobs with growth

High-profile contract wins creates 250 jobs

David Barral joins Vantage Finance as Chair

FCA approved companies announced so far

Here is a list of credit industry companies approved by the Financial Conduct Authority (FCA) announced so far: Agilsys Burlington London House Wrights Recoveries Myjar Debt Managers Allied Credit Management Akinka CCS collect Spratt Endicott CRS Luna Finance Cash on Go/Peachy.co.uk BW legal Trusted Quid Ferrantum Drydens Fairfax Hilton Baird Uncle Buck Cabot Credit Management Face…

Tech Mahindra to acquire share capital of Target Group

UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio

UK Asset Resolution (UKAR) agreed to sell a £13 billion asset portfolio from the legacy book of NRAM (including £12 billion of loans within the Granite securitisation vehicle, plus a further £1billion of non-Granite assets) to Cerberus Capital Management LP.

UK Asset Resolution (UKAR) announces the transfer of its mortgage servicing operations to Computershare

Harrington Brooks acquire Debt Lifeboat business

Duff & Phelps have acquired Corporate Finance Ireland (CFI)

In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business

In June, UK Asset Resolution’s (UKAR) staff will move to Computershare’s loan services business. The company claims it will service three out of every five outsourced UK mortgages (approximately 62%) totalling £73 billion

HML (Home Management Ltd) is to be rebranded as Computershare Homeloan Management