ICE Commercial unveils funding line

ICE Commercial has launched its own funding line to provide SMEs with short to medium term business loans.
The commercial mortgage packager and debt management consultant says the move offers a “real alternative” to the current propositions in the marketplace.
ICE Commercial CEO’s Gary Starr said: “ICE has secured funds to assist our intermediaries and their clients. [...]

Intermediaries key to debt advice

TCF Debt Solutions, the debt management and IVA firm, believes that mortgage brokers and IFAs are in the best position to help families reorganise their finances to cope with debt and the economic downturn.
It adds that they should look to change their business models to take account of the need for dedicated help.
TCF Debt Solutions, [...]

OFT withdraws licence from debt advisory firm

The OFT has revoked the consumer credit licence of Matthew St John Crossley trading as the Debt Advisory Company.
Through his websites www.thedebtadvisorycompany.co.uk and www.advisorsondebt.co.uk, Crossley advertised “free independent and impartial debt advice” to consumers with serious debt problems. These websites have been closed down.
The OFT said it is understood he advised consumers that remortgaging would [...]

WLM Money Launched! 360degree packaging

WLM Money provide a cross sector financial packaging service, giving introducers more options for their clients having access to a wide variety of products including: Secured Loans, Bridging Finance, Commercial Loans, IVA Debt Management and Equity Release.
Darryl Dhoffer, Commercial Director, said: “In an even tighter market it is becoming increasingly difficult to raise finance for [...]

BDS links with Guardian

The BDS Mortgage Group’s network has embarked upon a new strategic partnership with Guardian Debt Management Ltd to provide a credit management solution for all its appointed representatives.
Following introductory presentations to network members, Guardian and BDS will host a range of free presentations and training days covering all aspects of credit management including identifying solutions [...]

CML and Salans to host arrears management workshop

Salans will be hosting an Arrears Management and Partnership Selection workshop in partnership with the Council of Mortgage Lenders (CML).
Due to take place on the 9th of July in London, the morning workshop will provide an overview on current arrears and possession levels; lenders’ credit policies and the housing market today. There will also be [...]

Debts.co.uk acquires Relax Finance for £3m

Consumer debt solutions provider Debts.co.uk has acquired Relax Finance, including Relax Mortgages, for £3m.
It is also being proposed that Debts.co.uk will change its name to the Relax Group.
The acquisition consisted of £1.2m in cash, £1.5m by the issue of 3,333,333 new ordinary shares in the company to the vendors, and £300,000 in the form of [...]

Guardian Debt Management teams up with AToM

Debt management specialist Guardian have teamed up with All Types of Mortgages to distribute its credit management solutions.
Guardian’s instant decision system offers debt management solutions, IVAs, full and final settlements and sale and rent back.
Gary Forrest, chairman at Guardian, says today’s mortgage broker is evolving by adding new products and choices to their toolbox.
He says: [...]