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Growth fund boost for Royston
08 Sep 2011Hay & Kilner’s head of commercial, Nick James advised Royston Power Generation who secured a significant investment from the Finance for Business North East Growth Fund. Royston has already amassed blue-chip clients in the marine, offshore, utility and defence sectors. As it bids to add to its turnover, regional fund management firm NEL Fund Managers is backing [...]
New arrears rules on call recording
14 Dec 2010A change to Mortgage Conduct of Business Rule 13.3.9 has been implemented by the FSA. Lenders and mortgage administration companies must record all telephone conversations between the firm and the customer “which discuss the sums due”. The record should be kept for 3 years from the date of the call and should note the date [...]
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New Act poses challenges for lenders
02 Dec 2010The Mortgagee Repossessions (Protection of Tenants etc) Act 2010 came into force on 1st October 2010. The product of a Private Members Bill and the “wash-up” process in Parliament, it has within weeks posed challenges for lenders and their lawyers alike. The broad thrust of the Act is to enable unauthorised tenants to postpone the [...]