1.3 million people helped by the Money Advice Trust in 2015

4th July 2016 Consumer Collections |

  The Money Advice Trust t helped 1.3 million people to tackle their debts and manage their money last year.

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Shawbrook expects £9 million impairment charge

3rd July 2016 Consumer Collections |

Irregularities at Shawbrook Group expected in the second quarter of 2016

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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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Santander to launch leasing product for consumers and businesses

3rd July 2016 Consumer Collections |

Santander Consumer Finance UK (SCF) product to be sold through brokers and dealerships

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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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British Bankers Association (BBA) members vote in favour of trade Association merger

3rd July 2016 Consumer Collections |

The BBA will now join the Council of Mortgage Lenders, Payments UK and UK Cards Association in a new trade association representing the financial services industry after 94% of its voting membership found in favour of the proposal.

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UK North-South home repossessions gap halves in 2015

3rd July 2016 Consumer Collections |

Last year but Northern towns still make up nine in 10 repossession postcodes, according to research by chartered surveyor, e.surv.

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

3rd July 2016 Consumer Collections |

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

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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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