Blog Category: News
Almost £2.4 billion has been paid in compensation for successful PPI complaints in the last six months, with more than 883,000 new complaints being made.
Half year figures published by the Financial Conduct Authority (FCA) show that though the number of complaints is falling, Britain’s banks are still paying out well over £⅓ billion a month for mis-sold policies.Read More
The Financial Conduct Authority (FCA) has announced it is to consult on a deadline for future PPI complaints by the end of the year.
The regulator says it does not expect the new rule to come into force until the spring of next year and the proposed cut off date will be two years from the day the rule comes into effect.Read More
Figures just released by the Bank Of England show more than 71,000 mortgages were approved in August, further evidence that the housing market is continuing to heat up.
The August figure is up by 5,400 on average sales over the last six months and is up by 20% on levels seen as recently as November 2014.Read More
The Bank Of England is becoming increasingly worried by the dramatic rise in the buy-to-let mortgage market in recent months.
The Financial Policy Committee (FPC) said the surge in this type of mortgage could pose a threat to wider financial stability.Read More
A decision on whether or not to impose a deadline on future PPI claims has been delayed by the Financial Conduct Authority (FCA).
The City watchdog met last week to decide on the possible imposition of a time bar on new PPI claims. They were also discussing a Supreme Court ruling from November last year which experts have predicted will unleash a new tidal wave of claims.Read More
Directors of Britain’s financial regulator are meeting to decide whether or not to set a deadline for future PPI claims.
It is understood the possible time bar will be discussed at a scheduled board meeting of the Financial Conduct Authority (FCA).Read More
UK average house prices have hit an all time record with the biggest monthly increase since September 2002.
Prices in England and Wales averaged £294,834 for August – a rise of £2,550 in a single month – maintaining the overall increase of 6.4% year on year.Read More
More and more players are entering the race to buy a slice of the £12 billion Northern Rock loan sale.
The number of interested bidders now ranges from international banks like Goldman Sachs and Sabadell to a group of British challenger banks, including OneSavings Bank.Read More
Butcher John Duggan first came to Gladstone Brookes in 2012 with a number of claims against Lloyds Bank and ended up with £3,661.24± in compensation.
He was pleased to get the money back for mis-sold PPI on a number of loans and thought that was the end of it – but it wasn’t.Read More
When retired psychiatric nurse Roger Enskat first came to Gladstone Brookes in June of 2014 he had two claims for mis-sold PPI on credit cards from Mint and the Co-operative Bank.
The Mint claim was settled with a payment of £3,049.61± in less than 8 weeks, but the Co-op rejected the claim against them, saying they did not believe the PPI had been mis-sold.Read More