Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has promised swift action on making mortgages more accessible, with the regulator set to launch a consultation on simplifying rules, as well as alternative approaches to stress testing. The FCA will look at options for making it easier to access options such as remortgaging with a new lender and reducing…
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European real estate and alternative asset manager company Arrow Global has announced that it has appointed Enrico Sanna as CEO Platforms. In his new role, Sanna will lead Arrow’s asset-backed platform strategy, focusing on platform growth, integration, and alignment with investment strategies in new and existing markets. His priorities include optimising operational value creation, advancing…
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The Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have appointed Martyn Beauchamp as Chief Executive Officer (CEO) of the Financial Services Compensation Scheme (FSCS). Beauchamp has been Interim CEO of the FSCS since October 2023, and during this time he has successfully overseen the FSCS’s transition to a new operating model. Prior to…
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Half (51%) of female professionals in the UK experience a lack of inspirational female leaders in their company. This is despite the 2025 FTSE Women Leaders Review finding that women now occupy over 43% of roles on company boards, as well as 35% of leadership roles in 350 FTSE companies. In light of this year’s International Women’s Day…
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Jaja Finance has announced the appointment of Francesco Di Costanzo as its permanent Chief Executive Officer (CEO), effective immediately. Di Costanzo has been serving as the interim CEO since October 2024 and previously held the position of Chief Financial Officer (CFO) within the company. Di Costanzo joined Jaja in 2022 as Head of Capital Markets…
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The Financial Ombudsman Service (FOS) has reported a record 18,658 new complaints regarding car loans in the last quarter of 2024, surpassing credit cards as the most complained-about financial product. Motor hire purchase deal complaints jumped almost three times to 15,956 cases, followed by disputes about credit cards, current accounts, car/motorcycle insurance and motor conditional…
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Latest quarterly data from UK Finance has shown that the mortgage market strengthened in Quarter 4 (Q4) 2024, with both first-time buyers and home mover numbers up by almost a third compared to a year ago, with forward-looking data suggesting this will persist through the first quarter of 2025 The data found that overall, 2024…
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Latest Bank of England data has found that the number of mortgage approvals fell to 66,200 in January, a decrease of around 300 from December. However, net mortgage lending rose by 27% to £4.2 billion – the highest since September 2022. The mortgage market remained busy in January, largely due to first-time buyers squeezing deals…
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Latest data from the Bank of England data has shown that consumer credit borrowing rose sharply to £1.7 billion, indicating financial strain on households. Net consumer credit borrowing by individuals was £1.7 billion in January, up from £1.1 billion in the previous month. Within this, net borrowing through credit cards increased to £1.1 billion from…
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Everyday Loans has announced it has rebranded as Evlo, with in its mission to help meet the credit needs of the 16-17 million people who cannot access mainstream credit. Alongside the rebrand, Evlo has appointed Deborah Green as Chief Operating Officer to help drive the company’s next stage of growth. Green began her career at…
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Later life mortgage lender LiveMore has announced that its has appointed Paul Lewis as Sales Director of Mortgages. Lewis has more than 20 years of experience in the financial services industry, having held senior roles across the industry, including as National Development Manager at Mansfield Building Society. Leon Diamond, CEO of LiveMore said “We’re delighted to…
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Specialist lender Afin Bank has announced it has appointed Simrat Gill as Senior Underwriter. Gill brings extensive experience of the specialist mortgage market, including almost eight years as Senior Underwriter at Precise Mortgages and nearly three years with buy-to-let lender Landbay. Swaraj Dada, Afin Bank’s Head of Credit, said “Simrat brings a lot of experience…
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Paylink has announced the appointment of Nisha Korpal as its new Chief Executive Officer (CEO). Korpal has over 17 years of extensive experience in the financial services industry, including roles at TDX Group, Equifax, and Experian, Nisha brings a wealth of knowledge and a strong passion for providing solutions that empower customers to achieve better…
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