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Tag Archive: borrowers

  • Southsea enters Bank Insolvency Procedure

    The Financial Services Authority (FSA) has secured a court order placing Southsea Mortgage and Investment Company into the Bank Insolvency Procedure. BDO LLP has been appointed as liquidator. According to the FSA, Southsea was a small bank with a portfolio … Read more »

  • OFT guidance on borrowers with impaired mental capacity

    The Office of Fair Trading (OFT) has today launched a consultation on draft guidance aimed at protecting borrowers with impaired mental capacity. The watchdog expects creditors to identify borrowers who might lack the mental capacity to make informed borrowing decisions … Read more »

  • Mortgage lenders fairer and better communicators

    The Council of Mortgage Lenders (CML) has said it is pleased to note that people are more satisfied with their mortgage lender than they were a year ago. The body was referring to a recent survey from Which? Money, which … Read more »