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Investcorp Technology Partners Acquires Stake in UK Debt Management Firm TDX Group
Monday, 08 December 2008

Investcorp Technology Partners, the technology private equity arm of alternative investment manager Investcorp, has agreed to purchase a 40% equity stake in TDX Group, the UK’s leading provider of analytics-based consumer debt management services, for approximately £28 million.

Six month grace period for struggling mortgage holders from NatWest and RBS a welcome first step
Friday, 05 December 2008

Commenting on the pledge by NatWest and RBS today to  give a six month grace period to customers falling into mortgage arrears,  Leslie Morphy, Chief Executive of Crisis, the national charity for single  homeless people, said: “With  45,000 households predicted by the Council of Mortgage Lenders to be  repossessed by the end of this year, it is critical that banks demonstrate  greater understanding and leniency towards struggling mortgage holders. 

Philips Expands ANPR Fleet
Friday, 05 December 2008

Philips Collection Services, already established as the largest independently owned bailiff and debt recovery company in the UK can now also claim the biggest and most up-to-date fleet of ANPR (Automatic Number Plate Recognition) equipped vehicles.

3 major contracts and our new operations centre for Checkmate Mortgages
Friday, 05 December 2008

In preparation for our launch in 2009, we are pleased to announce that we have signed contracts with DPR, Experian and Getronics to support our launch.  We have selected to partner with these suppliers to create innovative technology solutions backed with the latest credit and fraud protection products.

Chiltern gets OFT stamp of approval
Friday, 05 December 2008

Debt specialist Chiltern has been given the stamp of approval by the Office of Fair Trading (OFT), through its trade body, the Debt Managers Standards Association (DEMSA). They have been recognised by the OFT’s Consumer Code Approval Scheme - an initiative to promote and safeguard consumer’s interests by identifying, monitoring and rewarding better business practice.

CML Response to rate cut
Thursday, 04 December 2008

The Council of Mortgage Lenders (CML) has welcomed today's rate cut by the Bank of England. In a press release, they said that this will help the wider economy, even if it cannot be reflected universally in lower mortgage rates. 

Treating customers fairly represents significant opportunity for financial services companies
Thursday, 04 December 2008

As pointed to in the Queen’s speech, Treating Customers Fairly (TCF), the Financial Services Authority’s (FSA) initiative which is due to be implemented by the end of the December aims to help companies focus on the customer in a way that is mutually beneficial to both.

Small print 'critical' to Government’s repossessions announcement
Thursday, 04 December 2008

Commenting on the announcement of a government scheme to underwrite the mortgages of people who have lost their jobs, Liberal Democrat Shadow Chancellor, Vince Cable said: "We welcome the fact that the Government is now finally acting to head off large scale repossessions which devastate families, impose losses on the banks and create major re-housing problems for local councils.

Lender announces six month repossession grace period
Thursday, 04 December 2008

Royal Bank of Scotland (RBS) have said it would not repossess the homes of mortgage customers who default until six months after they first fall into arrears. RBS, owner of NatWest bank, said the move was designed to give overstretched borrowers a chance to resolve their financial problems as falling house prices and a flagging economy put households under pressure.

London Scottish Bank plc
Thursday, 04 December 2008

HM Treasury has taken decisive action to protect the interests of retail depositors and wider financial stability following London Scottish Bank plc entering administration.

Brown unveils mortgage help plan
Wednesday, 03 December 2008

People hit by the downturn will be able to defer part of their mortgage interest payments for up to two years under plans unveiled by Gordon Brown. The plan is designed to give those who lose their jobs or take a big cut in their income an extended breathing space before their home is at risk.

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