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Fca Finds Some Lenders Could Manage Long Term Mortgage Arrears Better - Latest News

FCA finds some lenders could manage long term mortgage arrears better

Home owners in the UK who find themselves in arrears should contact their lender sooner rather than later but those providing mortgages could manage some situations better, according to the financial ... read more

FCA finds 'disappointing' lender practices on arrears

The Financial Conduct Authority has found "disappointing" inconsistencies in how lenders manage ... It can mean people spiral further and further into a debt vortex. "Customers with long-term mortgage ... read more

Mortgage lenders are failing to give vulnerable borrowers in arrears enough support, FCA finds

Mortgage lenders ... says that customers in long-term financial difficulty were generally treated well by lenders. However, it found there was some inconsistencies in firms’ arrears management ... read more

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FCA finds “inconsistencies” in arrears support

The FCA ... some mortgage lenders may not be doing enough to help customers who have fallen into arrears – particularly those deemed as being vulnerable. The findings, published following the watchdog ... read more

More households in serious mortgage arrears now than in 2008, FCA says

The watchdog has also discovered that some banks are not doing enough to properly manage ... long-term mortgage arrears need to be treated as vulnerable. For some the process of actually getting in ... read more

Future management of long term mortgage arrears: FCA reveals findings

Some good practices were identified but the FCA also identified some issues. Here, we look at the findings and consider steps that lenders may take to review the accounts of their own customers who ... read more

Mortgage market can better withstand interest rise than amid boom

The Irish mortgage market appears better placed ... rising faster than long-term income growth which “would likely cause repayment difficulties for some households”. The research explores which groups ... read more

Simon Collins: Repeated conduct failings stretching FCA’s patience

There is a tone of disappointment and frustration in the FCA’s recent findings from its thematic review into the management of long ... Plan detailed its wish to better understand whether consumers in ... read more

Rule change to free mortgage prisoners could happen 'fairly quickly'

These firms aren't regulated by the FCA, so can't offer new mortgages ... the situation some borrowers are in may put them outside the "risk appetite" of lenders. And he added at the meeting this ... read more

New rules threaten existence of payday lenders

Payday lenders will be forced to limit charges on loans under tough rules set by the UK’s financial regulator ... is all part of our long-term economic plan to have a banking system that works for ... read more

Should buy-to-let lenders allow longer tenancies?

Most lenders offer a maximum of 12 month tenancy agreements under the terms of a buy-to-let loan. There are some ... says long-term tenancies are “easily facilitated” by current rules because deals ... read more

Arrears guard action

And the most recent figures from the Council of Mortgage Lenders ... debt over the long term. Young does not believe there is much that can be done until house prices start to rise and borrowers in ... read more

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