Finance News

Exclusivity claim causes £5m property dispute
Thursday 20th October 2011 
A property developer has lost a multi-million pound lawsuit as a result of planning to “rip off” a holy order and an heiress over Fawley Court, a High Court judge has ruled. The house, which is thought to have been designed by Sir Christopher Wren and may have inspired Toad Hall in the book The Wind in the Willows, has been the home of the Roman Catholic Marian Fathers for 55 years. Richard... 

Flexible finance brings in new bridging opportunities 

Thursday 20th October 2011 

Alan Margolis, Head of Bridging at United Trust Bank, informed us of the flexibility and appeal that bridging has for business nowadays.   It is perhaps a testament to the flexibility... 

Newly revealed bridging index – An £800m recipe for success? 

Thursday 20th October 2011 

The rapid expansion in bridging finance has led to projections that gross lending will reach £800 million for the first time in 2011, according to West One Loans’ new... 

DEMSA appoints ICAEW to monitor debt advice standards

Thursday 20th October 2011 

The Debt Managers Standards Association (DEMSA) today has announced a new agreement in principle which will see the Institute of Chartered Accountants in England and Wales (ICAEW) undertaking the monitoring of new and existing DEMSA members.   As part of the agreement, ICAEW will carry out initial assessment reviews and ongoing annual reviews to confirm prospective and existing members of DEMSA are adhering to and are compliant with the DEMSA Code of Conduct.     The Code of Conduct, which is approved by the OFT, sets guidelines for DEMSA members in areas such as compliance, customer service, marketing and communications, training and complaints handling.... 

Regulator releases new standards for debt collection 

Thursday 20th October 2011 

The OFT has launched its updated Debt Collection Guidance detailing the standard expected of all businesses who engage in the recovery of consumer credit debts, and warning against using social media sites to hassle debtors. The guidelines are aimed at banks, law firms and tracing agents as well as traditional debt collectors. The.. 

Former Premiership star gambles his way to an IVA 

Wednesday 19th October 2011 

Former Celtic striker John Hartson has revealed that he is being hounded by creditors over more than £300,000 of gambling debts. Despite having signed up to an...

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