BrightHouse falls into administration (But you must keep up repayments)
Buy to Let company BrightHouse today fell into administration. With Covid-19 and Compensation for customers who were mis-sold goods, the company called in the administrators today, Monday 30th March 2020.
The company offered customers a range of goods on a rental or rent to buy scheme.
In 2019, the company was accused of lending money to customers who couldn't have afforded the payments.
BrightHouse, the trading name of Caversham Finance Limited, has 240 shops and 2,400 employees, whose jobs are now at serious risk.
All customers are advised to continue making payments as normal.