View more on these topics

OFT challenges lenders’ use of charging orders

Services, part of Cattles plc, over their use charging orders.

A charging order is a court order that places a charge on a debtor’s property, turning unpaid, unsecured debts into secured debts.

Ray Watson, director of consumer credit at the OFT, says: “Lenders are entitled to use charging orders but must do so proportionately. We will take action to protect consumers.”



Brokers can earn referral fees from Woolwich legal fees

Conveyancing Alliance, the online conveyancing distributor, has revealed that advisers using its Rapid Remo product will earn a £135 referral fee if they take the £300 cashback now offered by Woolwich rather than use the lender’s ‘free legal’ offering.


News and expert analysis straight to your inbox

Sign up