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Repossession levels remain stable for seconds
Finance & Leasing Association figures show repossessions by second charge lenders have remained stable year-on-year.
NEWS
26-May-2009
Star Loans to offer Link Lending products
15-May-2009
Link Lending secures £75m funding
15-May-2009
Tiuta launches Underbridge Advanced
28-Apr-2009
eGateway teams up with Orbiter
28-Apr-2009
Your Broker Network extends 60% commission offer
06-Apr-2009
Blemain looks to boost lending
Editor's Blog
The Finance Industry Standards Association has finally given up the ghost and decided to close its doors, so where does this leave the industry? It comes as no surprise that a standards association that is mainly funded by lenders cannot survive on a handful of lender members, but the knock-on effect of FISA’s withdrawal marks the end of an era for the sector.Read more »
Feature
With the latest figures from the BBA showing that lending in the secured loan sector was down again in November, it is perhaps a brave man who can predict that the future is going to turn rosy any time soon. With little overall evidence being published, statistically speaking, the bad news, according to the BBA, is that new personal loans last month totalled £1.7bn, down from the £1.9bn level of November.
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Pundits
Take a look at what our industry experts have to say about the changing secured loan market, and read why Robert Sinclair from the Association of Finance Brokers is asking if the Treating Customers Fairly initiative is still relevant.
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In the Hot Seat
Just seven years after launching Y3S Loans, or as it was known in its previous life, Yes Loans and Mortgages, its directors Matt Cottle and Barney Drake have decided to diversify the business and move away from its secured loan roots. Y3S Loans is to wind down trading over the next few months to make way for Y3S Financial Services, which will offer a wider range of products.