August 2016: Money Statistics

11th August 2016 Consumer Collections |

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…

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Staffordshire and Black Country councils owed tens of millions

23rd July 2016 Consumer Collections |

Government 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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MPs decry ‘failed’ effort to stop UK property money laundering

13th July 2016 Consumer Collections |

https://www.theguardian.com/money/2016/jul/15/mps-decry-inadequate-efforts-stop-money-laundering-uk-property

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Atom Bank and Phoebus Software agree deal

4th July 2016 Consumer Collections |

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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One in ten homeowners aged over 55 still have interest-only mortgages

4th July 2016 Consumer Collections |

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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Gross mortgage borrowing of £12bn in May was 10% higher than last year

3rd July 2016 Consumer Collections |

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

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4% fall in Serious tenant arrears as jobs boom

3rd July 2016 Consumer Collections |

Fewer 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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Sutherland Mortgage Services permissions authorised by the Financial Conduct Authority (FCA)

3rd July 2016 Consumer Collections |

New mortgage servicing firm in the UK has been granted a full range of mortgage permissions by the Financial Conduct Authority (FCA)

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

3rd July 2016 Consumer Collections |

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

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West Bromwich Mortgage Company loses legal case

3rd July 2016 Company News |

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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