FSA puts end to remortgage boom
The Financial Services Authority (FSA) have delivered another blow to conveyancing solicitors as they bring in tough new rules which will see many homeowners unable to release equity in their properties. Utilising equity in property has long been a “fashionable” way of raising extra funds to pay off debts or funding home improvements but strict […]
FSA secures interim injunctions and freezing orders to protect consumers from unauthorised land banking firms
On Tuesday, 20 December 2011, the Financial Services Authority (FSA) secured interim injunctions and freezing orders from the High Court against companies including St Clair Estates Limited, OFG Investments Limited, Option Land UK Limited, and GIG Properties Limited as it suspects these companies are running a land banking operation. The firms are believed to have […]
