This week’s top five stories:
1) BoE under pressure as rate rise expectations grow – reports
Positive data pointing to the increasing pace of the UK economy is putting the Bank of England (BoE) under greater pressure to rein in market expectations of an interest rate rise.
2) Sleaford adviser jailed for nine months for kitchen theft
A Mortgageforce adviser was sentenced to nine months in jail yesterday at Lincoln Crown Court after removing a kitchen from a Sleaford couple’s home days before their home was repossessed.
3) GE Money appoints two new BDMs
GE Money Home Lending has bolstered its sales force and intermediary support services with the appointment of two more Business Development Managers by the end of September, after the appointment of its new head of sales Nikki Warren.
4) What does interest-only best advice look like? – Marketwatch
If interest-only mortgage borrowers do indeed represent a “ticking time-bomb”, then lenders are probably keen to fling away the problem as quickly as possible?
5) Help to Buy will be a ‘game changer’ – Lloyds boss Horta-Osorio
The chief executive of Lloyds Banking Group has branded the government’s Help to Buy scheme a ‘game changer’ for the UK’s economic recovery and rebuffed claims it will spark a house price bubble.
Here are some stories you may have missed:
Reality TV star banned for property scam
A reality television star and business partner have been banned from holding directorships following an investigation by the Insolvency Service into a property investment scheme ran by the pair.
Do landlords have a clue about interest-only? – BDRC
There is currently a great deal of noise around interest-only lending in the residential market, where this type of product, though important, remains relatively niche for well understood reasons, writes BDRC Continental’s Mark Long.
FOS – complaints against advisers least likely to succeed
The Financial Ombudsman Service (FOS) threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013, figures show.
Ex-Co-op Bank chief’s evidence triggers Britannia loans row
MPs have announced they will investigate the “yawning gulf” between the evidence of a former Co-op Bank boss on the lender’s troubles and that of the regulators.
Viva Espana! Is it time for another look at the Spanish property market?
Geoff Simmonds, head of operations at Connect Overseas, takes a look at the opportunities available for brokers in Spain.
