Insight – February 2016

Insight – February 2016

Rules Change What’s Changing? Accounting Standards Financial instruments (debts and liabilities) of a company. When? Mainly accounting periods on or after 1 January 2016  What’s the Difference? Various including, where loans have been made at non-market rates (i.e. shareholder interest free), the company is required to fair value the loan assuming that a market rate [...]
November 2009 News

November 2009 News

Market News The Financial Services Authority  Mortgage Market Review could lead to higher interest rates and product fees for borrowers, according to Fitch Ratings. While Fitch welcomes proposals in the MMR which would improve underwriting practices, it says that putting more stringent underwriting criteria in place could mean a significant change to current practices for [...]
September 2009 News

September 2009 News

Market Update: The British Bankers Association has issued figures showing a Gross rise in mortgage lending of £0.3Bn for July 2009. For the same period the Net rise is shown as £1.6Bn; with £2.2Bn for June & £2.9Bn over the last six month period. Total loans for July were £9.7Bn of which £5.2Bn was represented [...]