Lending Risks Across Europe
Rockstead is recognised as a leading provider of lending support services in the UK and Ireland, but we have also been active across Europe, using local expertise to mitigate various lending risks. Processes and procedures that are standard practise in regulated lenders in the UK, can differ across European jurisdictions, dependent on local laws or […]
Senior Managers and Certification Regime (SM & CR) – individual accountability
The extension of the SM&CR is on the horizon and having discussed the effect on firms in our previous note, we now explore the effect on individuals. The new regime will replace the Approved Persons Regime currently in place and it is essential that individuals affected by the changes understand what they are going to […]
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 […]
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 […]
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.
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.
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 […]
The Buy to Let market – sustainable growth?
Having recently attended a forum of experienced industry experts it was interesting to see what they perceived to be the major challenges facing the lending industry at the present time. The uncertainty in the Buy to Let (BTL) market, the use of Fintech and the perennial problem of lending into retirement dominated the conversation. We […]
Countdown to MCD – ready on all fronts?
Suddenly, the implementation of the Mortgage Credit Directive (MCD) on the 21st March 2016 doesn’t seem far away. Amongst all the commentary on the rights and wrongs of the upcoming changes, it is sometimes difficult to remember the purpose of the legislation, which is to introduce a European framework of conduct rules designed to encourage […]
Mortgage Fraud – the threat grows
The mortgage market continues to stabilise, with 2015 gross lending numbers estimated at £220.3bn, an 8% increase on 2014’s total of £203.3bn. With the Bank of England stating that a rise in interest rates is not on the cards for the foreseeable future, lending volumes will continue to increase with solutions in traditional, complex and […]
