Lending into retirement: problem not solved
According to the Building Societies Association, the UK already has 11.6 million people over the age of 65 and predicts this will rise to 16 million within 20 years. The combination of an ageing population and the adoption of no fixed retirement age has meant some people who were approaching retirement want or need to […]
Vulnerable customers; how good are your policies?
With the New Year upon us, a high percentage of individuals and families are relying on borrowing money and extending credit to meet higher than normal outgoings incurred at Christmas and the extended holiday period. Some customers at this time of year can often experience financial hardship. It is also true that many providers of […]
Meet Rockstead at Global ABS 2017
Rockstead will be exhibiting at Global ABS 2017 in Barcelona 6 – 8 June. If you are attending the event, please drop by our stand and say hello – we’d be delighted to meet you. You can find out more information here.
Loan portfolio trades; the importance of Due Diligence
There has been some recovery in the trading of mortgage assets over the past five years, particularly in the non-performing sector. The improving trend has continued, and we have seen numerous loan book trades in the UK and Europe and many commentators report that they expect even more activity in the next 12 months. Clearly […]
Rockstead at Global ABS 2017 in Barcelona
Rockstead recently exhibited at Global ABS 2017 in Barcelona. We joined issuers, investors and other service providers in another successful annual ABS conference and took the opportunity to showcase our UK, Ireland and European asset, process and business due diligence capabilities. Please get in touch if you want to discuss any of your own requirements.
Interest only – has inertia set in?
We have commentated on this topic several times before and undoubtedly some progress has been made by lenders, but recently mortgage portfolio trades have contained large proportions of interest only loans and there has also been a renewed focus by the FCA. Despite some commentators suggesting that this issue is a low risk one, the […]
Interest-Only – still a challenge?
The FCA announced in its 2017/18 business plan that it will investigate lenders with interest-only mortgage books. The aim is to make sure customers are being treated fairly. The business plan says: “Around 1.8 million UK home owners currently have outstanding interest-only mortgages (excluding buy-to-let) and many do not have an appropriate strategy to repay […]
10 Years On – Loan Portfolio Reviews
With several lenders using the acquisition of high-quality loan portfolios to support their growth aspirations, we are proud to have been involved with successful bidders for loan books for over 10 years. With some books being acquired at a slight discount to book value, the detailed file reviews which provide information and data to assist […]
Extension of the Senior Managers & Certification Regime
In October 2015, HM Treasury announced its intention to extend the Senior Managers and Certification Regime (SM&CR) beyond Banks and Building societies to all firms within the financial services industry. The Financial Conduct Authority (FCA) has now published proposals to extend the regime to almost all regulated firms. It has been widely publicised that the […]
Term Funding Scheme – planning for repayment
Robin Fieth, CEO of the Building Societies Association opened the 2018 BSA annual conference with a key note address outlining the building society successes in the current environment and highlighting the challenges faced by their boards today. For us, there was one challenge that stood out as a recurring theme throughout the conference and ‘fringe’ […]
