£20m fraud risk as Insolvency Service suffers £3m of cutbacks
Wednesday 1st September 2010
Government cutbacks at the Insolvency Service could mean more company directors not being pursued over fraud and deception, according to a report on www.creditman.co.uk. Around 50 redundancies
A third of couples over 40 in the dark about their partner’s finances
Wednesday 1st September 2010
UK couples could be risk of spending their old age in poverty because they are failing to talk to one another about financial planning for their
Fake Chelsea landlord jailed for 3 years
Tuesday 31st August 2010
A conman tenant, who sold a luxury property in London’s Kensington and Chelsea area that he was renting by posing as the owner, has been jailed
Government condemned for failing to save legendary Emmerdale pub
Tuesday 31st August 2010
The famous Woolpack pub featured in the soap Emmerdale is closing down, but it could have been saved by the Government had they not scrapped a
UK’s worst bank for customer service revealed
Monday 23rd August 2010
A satisfaction survey by the consumer group Which? has revealed the UK’s best and worst-rated banks for customer service. Banking groups on the favourable end of the
Cold calling claims handler liquidated with £24,000 of debts
Wednesday 25th August 2010
A claims management company that came under fire last year for sending out unsolicited text messages has now been liquidated with debts of £24,000. The claims handler
Dragons’ Den inventor left devastated after investment turned out to be a loan
Tuesday 24th August 2010
A single mother from Scunthorpe, whose invention left all five dragons speechless and eager to invest, has spoken out against her investors claiming their ‘investment’ was
Broker alert: Manchester Blue Skies Road Show – reserve your place
Thursday 26th August 2010
Following on from the success of the last Cheval Blue Skies Bridging Finance Road Show in London, plans for the next seminar are well underway, with
Ex-Dragon puts property on market to make business comeback
Tuesday 17th August 2010
A former dragon who was booted off the Dragons’ Den five years ago when her company went into administration has made her business comeback, and is
Husband and wife team feared on the run after £1m property investment fraud
Tuesday 17th August 2010
A property developer is wanted by Spanish police, after being suspected of taking almost £1 million worth of investors’ money. It is thought around twenty people
Fraud alert for borrowers as loan scam hits indebted areas
Wednesday 18th August 2010
Action Fraud, a service run by the National Fraud Authority, issued an alert last week, warning borrowers about a new type of fraud to have emerged
No room for complacency despite revised repossession forecast, warns CML
Wednesday 18th August 2010
In the latest market forecast update from the Council of Mortgage Lenders (CML) predictions for arrears and repossession levels have been downwardly revised. Arrears and repossession levels
London bridging firm saves borrower from foreclosure in final days
Monday 9th August 2010
A bridging finance company has announced that it recently completed a £1.25 million bridging loan, saving the borrower from losing his property portfolio in foreclosure. Montello
MP condemns "disastrous borrowing" as prominent property group collapses
Thursday 12th August 2010
A North West property group that borrowed £20 million from a building society has been taken into administration – by the lender which is also in
Manchester debt firm is liquidated owing creditors over £2.2m
Wednesday 11th August 2010
One of the most well-known debt management firms operating in the intermediary sector has been liquidated, owing creditors more than £2.2 million. Chase Saunders Ltd, based
Second spike in insolvency rates could be imminent
Monday 9th August 2010
The latest statistics from the Insolvency Service have revealed that the number of personal insolvencies has increased by 5.0% on the same period a year ago. Although
2,300 false insurance claims made every week
Monday 2nd August 2010
Fraudulent insurance claims are at a record high, according to new figures released by the Association of British Insurers (ABI). Over 2,300 false insurance claims are
FSA fines banking giant £5.6m for terrorist financing risk
Wednesday 4th August 2010
Members of the Royal Bank of Scotland Group were yesterday handed a £5.6m fine by the FSA for failing to have adequate systems and controls in
Property developer bailed out of near £700m debt by local MPs
Thursday 5th August 2010
Four Norfolk MPs have stepped in to stop a local property developer, Targetfollow, from going into administration. The developer, whose portfolio includes London’s Centre Point tower, faced
Home of Mortgage Business Expo could be torn down by top property developer
Thursday 5th August 2010
By Stephanie Baxter Business is booming at top London property developer Capital and Counties (CapCo), who this week reported half year profits and is set to embark
‘Significant’ number of brokers owed commission by failed debt firm
Wednesday 28th July 2010
It has emerged that one of the biggest debt management providers operating in the intermediary sector has entered liquidation proceedings, owing a ‘significant’ number of brokers
One advisor, two debt management referrals and over £600 commission
Wednesday 28th July 2010
Darren Newton, mortgageforce Having recently signed up to the EuroDebt Introducer Scheme, Sleaford-based mortgage advisor, Darren Newton, has already been able to help two of his existing
Sam Collett: How the award-winning female property developer achieved her dream and why she’s looking at bridging
Tuesday 27th July 2010
Sam Collett with her National Landlords Association West Midlands Property Woman Award 2010 By Dawn Murden Samantha Collett, 34, is an award-winning property developer and investor from
Bob the Broker: Is it really wrong to charge upfront fees? Have your say...
Tuesday 27th July 2010
In this week's controversial post, Bridging & Commercial's broker-blogger, Bob Havenhand from Citri, addresses the somewhat touchy subject of charging fees - upfront ones at that.