The aim of the General Data Protection Regulation (GDPR) proposed by the European Commission is to protect all EU citizens from privacy and data breaches in an increasingly data-driven world. New legislation puts more responsibility on to businesses in relation to the control of personal data and should allow people more control over their own personal data and their right to withdraw it. Getting it right is essential and can help strengthen customer confidence and so Parity Trust has been working to ensure our documents are clear and provide information on why we collect data, what we do with it and the right to be forgotten. Information will be included in our Spring newsletter but anyone wishing to find out more can have a look at this EU site 

Action required on interest only mortgages 

A number of news sites and the FCA have published press releases relating to the number of interest only mortgages coming to term where the borrower has no means to repay the capital. An FCA article stated ‘Nearly one in five mortgage customers have an interest-only mortgage and the FCA is concerned that shortfalls in repayment plans could lead to people losing their homes.’ Parity Trust developed our Mortgage Extension for mortgage holders who find themselves in this situation and where their lender is unable to support a more flexible approach to resolution. (published 2nd February 2018)

Parity Trust CEO graduates from learning program for small business leaders

We are proud to announce that SJ Davis, Chief Executive Officer of Parity Trust has graduated from Goldman Sachs’ 10000 Small Business program.  Goldman Sachs created the program to help entrepreneurs and business owners support and develop their organisations by providing access to education and training services. (published 13.12.2017)  

Parity Trust partners with New Forest District Council

Parity Trust and New Forest District Council have entered in to a partnership to provide homeowners with finance for property repairs as well as top-ups to Disabled Facility Grants, which help towards the costs of making changes to the home enabling people to continue living in their own home. New Forest is the latest council to work with Parity Trust which has partnered local authorities to support homeowners since 2006. (published 12.12.2017)

     Warm Home discount – are you eligible?

The Warm Home Discount is a scheme providing eligible households with a £140 electricity bill  discount for winter 2017-18. This discount is available to credit and pre-payment customers, providing your supplier is part of the scheme and you meet their eligibility criteria. The scheme is open to applications now and it is worth applying early to ensure you get it. Click on the Warm Home Discount link to find out more. (published 29.11.2017)

Parity Trust receives award for Customer Service

The Mortgage Finance Gazette Awards started in 1999 and celebrate innovation and achievement within the mortgage industry. Parity Trust were “highly commended” in the Customer Service category at the Mortgage Finance Gazette 2018 awards and we are delighted that Parity’s unique approach to client management has been recognised. Here is a full list of the MFG2018 winners. (published 15.11.2017)

Parliamentary Review 2017

The Parliamentary Review is a series of independent publications, which aim to share best practice among policy makers and business leaders and cover areas such as environment, transport and finance. Parity Trust is one of a small number of organisations to be included in the Asset, Finance and Lending publication. Please click on this link to read the publication. (published 20.09.2017)

Financial Conduct Authority paper on finances and the older population recently published

In September ’17 the Finance Conduct Authority published a paper outlining some of the issues surrounding older borrowers, including the need to bring about positive change in relation to accessing financial services. With over 10 years of lending to this client group, it is a subject we feel strongly about. Read the full document here.

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