Latest News Headlines
Commercial Credit News
|Second-charge mortgage repossessions down over 50% in Q1 2016|
|Thursday, 12 May 2016|
New figures released today by the Finance & Leasing Association (FLA) show that the number of second-charge mortgage repossessions in Q1 2016 was 34, down 52.8% on the same quarter in 2015.
Commenting on the figures, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said: “The first quarter of this year saw another significant drop in second charge repossessions, further demonstrating lenders’ efforts to help customers in financial difficulty.
“Second charge lenders have more flexibility on how they can assist customers with repayment problems, now that they are regulated by the FCA’s mortgage rules. The previous Consumer Credit Act regime was much more restrictive.”
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197