Office of fair trading
The Office of Fair Trading (OFT) has warned the letting agents sector to check that their terms and conditions are fair and transparent.
AT8's Mark Loosmore examines the impact of Mortgage Brain's acquisition of TrigoldCrystal.
With just eight firms gaining full regulatory permission by last week, rogue sale-and-rent-back (Sarb) firms continue to operate in the UK property market.
Other Office of fair trading articles
Last week’s Mortgage Solutions’ poll revealed that brokers are divided over whether the publication of the Office of Fair Trading’s guidance on irresponsible lending will have an impact on the mortgage market.
Hometrack, Callcredit and HSBC have teamed up to launch an equity calculator tool aimed at counteracting irresponsible lending.
Last week’s Mortgage Solutions poll revealed brokers are not expecting Chancellor Alistair Darling’s first-time buyer Stamp Duty reprieve in the Budget to have a massive impact on the market.
Estate agency group Spicerhaart has unveiled a new online estate agency called iSold, with Tesco playing a key part in the launch.
Spicerhaart and Tesco have launched iSold.com, a new internet-based estate agency service, which will market properties for £999.
The latest Mortgage Solutions poll has revealed 90% of brokers think estate agents should be regulated.
Oxfam has announced that it is to launch a price comparison website, while Google and Tesco appear to be poised to enter the estate agency market. Will this result in more competition, or are these companies acting outside their core competencies? Could these developments actually do more harm than good to the market?
Last week’s Mortgage Solutions poll revealed that more than three quarters of respondents think repossession levels will increase in 2010.
The Office of Fair Trading (OFT) has urged the Government to impose rules around fees paid by mortgage brokers to estate agents, to eliminate bias.
Tesco is expected to launch a property website within weeks.
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Reasons to be Cheerful
It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
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