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23 July, 2010

Evaluation of the Mortgage Rescue Scheme and Homeowners Mortgage Support

New government report calls for the longer term role for the schemes to be reassessed in the context of a more comprehensive review of the safety net for homeowners.

22 July, 2010

Support for struggling homeowners must be protected to avoid a ‘huge surge’ in homelessness

Shelter also urges government to continue funding for vital debt advice.

21 July, 2010

Government publishes ‘Modelling and forecasting UK mortgage arrears and possessions’

Report explores drivers of mortgage arrears and possessions, and predicts the number of repossessions will increase during the next three to four years.

21 July, 2010

Support for struggling homeowners through the Mortgage Rescue Scheme to continue

However, government scheme will be refocused to deliver better value for money, says Housing Minister.

20 July, 2010

Dwelling Houses (Execution of Possession Orders by Mortgagees) Regulations 2010

New regulations prescribe the form and content of new notice to be served on any tenant/occupier when the landlord’s mortgage lender seeks to enforce a possession order by obtaining a warrant for possession.

19 July, 2010

Banks are ‘ripping off’ customers says Vince Cable

Business Secretary responds to BBC evidence that banks charging up to 167% on unauthorised overdrafts.

15 July, 2010

Government announces plan to establish new national financial advice service

Financial Secretary to the Treasury sets out plans to promote a responsible approach to personal finance.

14 July, 2010

Financial Services Authority outline proposals to ensure borrowers with a new mortgage can afford it

Clear link between financial overstretch and mortgage arrears, and therefore a strong framework is required to protect vulnerable consumers.

14 July, 2010

Government to review consumer credit and personal insolvency

Opportunity to cut unnecessary regulatory burdens and improve safeguards on consumer credit products, says Consumer Affairs Minister.

14 July, 2010

Citizens Advice launches tender for a preferred debt management plan supplier

Establishing partnership with trusted supplier will give clients the option of choosing a carefully assessed service provider.

13 July, 2010

Bankrupts banned from opening basic, no credit bank accounts

Report by Citizens Advice highlights decision to limit account availability is demoralising, impractical and makes controlling finances extremely difficult.

12 July, 2010

Insolvency Service publishes new regional statistics

Figures highlight number of personal insolvencies, bankruptcies, debt relief orders and individual voluntary arrangements by area.

12 July, 2010

Statutory credit reports to be made available online

Government announces agreement with three major credit reference agencies, including free access for financially vulnerable and victims of fraud.

9 July, 2010

8 July, 2010

Likelihood of becoming insolvent almost 70 per cent higher in North East than London

Association of Business Recovery Professionals publish new 'bankruptcy map'.

7 July, 2010

Over 9,000 new debt problems dealt with by Citizens Advice Bureaux every day

Credit Action releases new debt statistics which also highlight £9.6bn of personal debt has been written off in the last twelve months.

6 July, 2010

Protecting tenants whose homes are at risk of being repossessed by their landlord’s lender

New regulations issued that provide for the coming into force of the Mortgage Repossessions (Protection of Tenants etc) Act 2010 from October 2010.

6 July, 2010

Government funding for advice for homeowners must be maintained

Advice is a vital lifeline and can save government from the expenses of repossession, such as judicial and re-housing costs, says Shelter.

29 June, 2010

Use of credit and accumulation of debt often exacerbated by moving in and out of work

New Joseph Rowntree Foundation report on credit and debt in low-income families.