Split-caps deadline extension sought - papers 11th July

Only 23,000 claims have so far been submitted out of an estimated 50,000 eligible investors, according to fund commissioner Mike Ellis, so former Treasury select committee chairman John McFall has suggested the deadline should be extended. At this stage, the reason given for less than half of potential claimants seeking compensation is the paperwork required to make a claim is considered too complex. KENSINGTON Group, the specialist mortgage lender, is selling repossessed property in London at an average discount of 31% compared with the purchase price, suggests Merrill Lynch research...