High-cost lender, SD Taylor Limited, has been placed into administration, the FCA has confirmed.
The firm, which was trading as ‘Loans at Home’, offered home collected loans to customers with repayment periods between 14 and 63 weeks.
The FCA stated that all existing loan agreements will remain in place, although the firm will no longer be able to issue new loans.
SD Taylor Limited is part of the Non-Standard Finance (NSF) Group and its ultimate parent company is Non-Standard Finance plc. The NSF Group is made up of firms providing unsecured credit and the FCA confirmed that SD Taylor Limited is the only firm in the group which has entered administration.
Chris Laverty, Trevor O’Sullivan and Andrew Charters of Grant Thornton UK LLP have been appointed as joint administrators.
“The joint administrators will provide updates to customers as soon as possible,” an FCA statement said. “We are in close contact with the firm and the joint administrators regarding the fair treatment of customers.”
Latest News
-
Residential property transactions increase 4% year-on-year – HMRC
-
PIMFA calls on FCA for more clarity in ‘targeted support’ proposals
-
UK banks to invest over £1.8bn in AI by 2030
-
Pivotal Growth announces double bolt-on acquisition
-
FCA receives nearly 5,000 reports of scammers impersonating regulator in H1
-
Limited company ownership driving BTL activity
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories