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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

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

Tens of thousands in mortgage distress ‘abandoned’, report says

The House Hold project compiled by the social justice NGO Community Action Network (CAN), said people in long-term mortgage arrears ... market can better withstand interest rise than amid boom ... 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

Vulture funds are a ‘cancer’ that will trigger thousands of repossessions

He predicted that up to 17,000 mortgage holders in long-term arrears could ... some solutions. Vultures are by contrast a social evil,” he said. Martha O’Hagan Luff of the Trinity Business School took ... read more

Some travel insurers hiked premiums by 2000% for mental health problems

It is calling on the Financial Conduct Authority (FCA) to formally review whether travel ... "Half of us will experience a mental health problem at some point in our lives, which could have a ... read more

Investec UK Special Situations invests in companies doing badly in hope they will turn around

Patience lies at the heart of how investment fund Investec UK Special Situations is managed. It invests in companies when they are doing badly in the expectation that at some stage they ... Mundy's ... read more

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