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Review of secured loan repossessions on the cards

BERR, the Department for Business Enterprise and Regulatory Reform, may be reviewing the way secured loan lenders repossess properties.

The review is believed to have been prompted by government concerns that secured loan lenders are moving to repossession too quickly.

A source close to BERR says: “There have been allegations from other departments that such lenders are responsible for an abnormal level of repossessions. A review would discover the reality.

“The evidence so far is that second charge lenders aren’t instigating repossessions for borrowers in difficulties but are trying to help them.”


HBOS & Lloyds TSB

Like many people in our industry, I have been glued to the screen watching the HBOS / Lloyds TSB news with avid interest.

HML backup servicer for Capstone

Homeloan Management says that as the backup RMBS servicer for Lehman Brothers in the UK, it could potentially have to take on more staff if Lehmans decides to dissolve Capstone Mortgage Services.

Horsing Around

There are already some potential logos for the new ber- lender floating around cyberspace.

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Changes to capped drawdown tables

The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be. Changes to capped drawdown tables Capped income drawdown involves taking a pension directly from a fund instead of buying an annuity. However, there’s a limit on the maximum amount […]


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