Blogs



Tue 13 Jul 2010

FSA to ban Self Cert Mortgages

According to Reuters (13. 7. 10) FSA are to ban ‘self cert’ mortgages as new rules will require evidence of income to be produced. 'Self cert' mortgages are where a borrower has obtained a mortgage by self certifying his income, i.e. they have not produced evidence of their income to the lender.

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Wed 07 Jul 2010

Major firm Halliwells suffer due to the economic downturn

One of the largest regional firms in the UK, Halliwells, whose headquarters are based in Manchester,   are currently in talks with other major firms based in the North in relation to an acquisition of Halliwell’s business.

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Tue 06 Jul 2010

Six Mortgage Advisers Banned by the FSA

 

Six mortgage advisers were banned by the Financial Services Authority (FSA), yesterday, due to mortgage fraud. One of them was fined £130, 000 and the total number of brokers to have been banned this year is now 91. Click here to read the full report by 'IFAonline' published on 5 July 2010.

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Fri 02 Jul 2010

Mortgage Lending to toughen up over the next three months

According to BBC online news on 1. 7. 10, lenders are warning that there is going to be a new squeeze on mortgage availability. Although, we have seen improvements recently in the mortgage market, it is feared that this will not last and lending is to get tougher, they say, based on reports from the Bank of England. It is anticipated that we will see a squeeze on mortgages over the next three months.

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Tue 29 Jun 2010

The New Build market faces uncertainty

 

According to Taylor Wimpey, one of the largest builders of new build properties, the future is uncertain in relation to new build construction.

They flagged up concerns yesterday in relation to planning issues relating to a shortage of land with planning consent and anticipated changes to planning legislation. Click here to read the full report.

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Wed 23 Jun 2010

New Budget means tough times are ahead in the Property Market

 

Everyone knew the provisions in the new Budget, which was announced yesterday, would be harsh and we have been bracing ourselves for this for a short while now. The new budget directly impacts on the property market and will affect first time buyers, new build properties, sellers of second homes and the number of properties being marketed.

 

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Fri 18 Jun 2010

Mortgage Fraud is on the increase – Conveyancers Beware!

The Law Society Gazette reported on 17th June 2010 that mortgage fraud continues to rise based on the latest figures issued by the Solicitors Regulation Authority. These figures are particularly worrying for conveyancers.

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