Credit, Collections & Insolvency News
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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The Money Advice Trust t helped 1.3 million people to tackle their debts and manage their money last year.
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Irregularities at Shawbrook Group expected in the second quarter of 2016
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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 moreSantander Consumer Finance UK (SCF) product to be sold through brokers and dealerships
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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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New mortgage servicing firm in the UK has been granted a full range of mortgage permissions by the Financial Conduct Authority (FCA)
Read moreThe 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.
Read moreLast year but Northern towns still make up nine in 10 repossession postcodes, according to research by chartered surveyor, e.surv.
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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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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 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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