Remortgage lending falls in February: value of remortgage loans drops by 16%, number of remortgage loans falls by a tenth
Average amount of equity withdrawn through remortgaging almost doubles year-on-year to £26,862 as people remortgage to help pay off debt or generate much needed extra funds But house price increases throughout 2014 saw average LTV drop by 4% The latest figures from LMS reveal that the value of monthly gross remortgage lending saw a decrease […]
New Payment Systems Regulator puts customers and payments users at the heart of the £75 trillion UK payment systems industry
The Payment Systems Regulator (PSR), the new economic regulator for payment systems, today confirmed how it will regulate the industry from 1 April 2015. It has also published a policy work programme setting out priorities for the year ahead. The PSR’s aim is to make payment systems work well for the people and organisations that […]
Recorded fraud up by a quarter and increasingly organised
Annual fraud release shows continued threat of identity theft as young adults increasingly targeted Recorded frauds increased by 25 per cent last year, according to the latest report from the UK fraud prevention service, Cifas, published today. In total there were 276,993 frauds recorded in 2014, compared to 221,075 in 2013. The single biggest threat […]
Case Study – Zylpha
Legal Process Automation specialist Zylpha was founded by Tim Long, a qualified solicitor, who was frustrated with the level of repetitive processing within the legal process and turned to IT as the solution. Based in Winchester, the company started as a specialist consultancy in Case Management, launching its Electronic Document Bundling solution in early 2010. […]