Credit, Collections & Insolvency News
The Council of Mortgage Lenders (CML) has announced that gross lending as static in July at £21.4 billion. The figure is down 0.4 per cent from June’s £21.5 billion and down 1 per cent year-on-year from £21.6 billion. CML Chief Economist Bob Pannell says: “Indicators are likely to provide truer readings of market conditions the further…
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A report from the Council of Mortgage Lenders (CML) has outlined statistics indicating that the number of mortgages in arrears continued to fall in the second quarter of this year and are now at its lowest level since records began more than 20 years ago. The CML data shows that at the end of June there were 92,500…
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Here is an overview of The Money Charity’s latest statistics for August 2016: Personal debt in the UK People in the UK owed £1.484 trillion at the end of June 2016. This is up from £1.444 trillion at the end of June 2015 – an extra £777.90 per UK adult. Per adult in the UK…
Read moreGovernment figures reveal that tens of millions of pounds in unpaid council tax and business rates is owed to councils across the Black Country and Staffordshire. The figures owed are as follows: Walsall £20.3 million Sandwell £23.3 million Wolverhampton £14.7 million Dudley £8.7 million Cannock £6 million Stafford £4.4 million
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https://www.theguardian.com/money/2016/jul/15/mps-decry-inadequate-efforts-stop-money-laundering-uk-property
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Atom Bank agrees 5-year deal Phoebus Software. Phoebus will service across Atom’s secured business lending and accounts propositions for residential portfolios.
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Research from over-60s property experts Homewise suggests that up to one in ten over-55s homeowners across the UK are still paying interest-only mortgages therefore facing the prospect of clearing their debt when the deal runs out.
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Borrowing in the first five months of 2016 was £67.5bn compared with £51.7bn in the same period of 2015. British Bankers Association (BBA) High Street Banking Statistics
Read moreFewer tenants are falling into serious rent arrears thanks to the improving employment market, according to letting agents Your Move and Reeds Rains.
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New mortgage servicing firm in the UK has been granted a full range of mortgage permissions by the Financial Conduct Authority (FCA)
Read moreThis 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
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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.
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