Can a house really be stolen?
Property fraud has been an ongoing issue for many years but, according to figures reported by Express.co.uk, the Land Registry have paid out £4.9 million in respect of 53 claims arising from property fraud in 2009/2010, which is a ten fold increase in the figures from 2004/2005. If you want to read the full article […]
First time buyers could be on the move
Estate Agent Today report that Connells have "stolen a march" on competitors by offering a 95% LTV mortgage exclusively to first time buyers. The deal is only available through their branches but comes shortly after the announcement from Northern Rock that they are launching a 90% LTV mortgage. Connells’ parent company, Skipton Building Society, is […]
Total Lending up in January
The Bank of England have released their figures for January lending to individuals, which show that total lending has risen to £1.5 billion, compared to the previous six month average of £0.8 billion. The growth rate has remained static at 0.7 per cent. Loan approvals for house buyers did increase in January, 45,723, but remained […]
Which? Money uncovers inadequate advice in SRB market
Following an investigation carried out by Which? Money, in which it was found that consumers are being given substandard advice on sale and rent back schemes, they have have reported two firms to the Financial Services Authority. According to Which?, out of 17 advisers contacted, only two offered acceptable advice. Seven of those advisers failed […]