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Most read stories this week – 13/03/2015

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  • 13/03/2015
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Most read stories this week – 13/03/2015
Each Friday, Mortgage Solutions rounds up the most popular articles on the website over the past week. Here's your weekly review:

1. Former L&G adviser guilty of £465k theft from vulnerable clients

A former Legal & General (L&G) adviser who worked for the firm for 18 years is awaiting sentencing after he stole £465,000 from an elderly couple.

2. Pink to demand new advisers’ proof of IP provision

The network’s new advisers will be compelled to either provide proof of their own income protection (IP) policy or their reasons for not having one.

3. Stamp Duty ‘headwind’ predicted to challenge Foxtons

City analysts predicted amendments to the Stamp Duty system would have a significantly positive impact on the estate agents financial results, also published this week.

4. Is the mortgage market becoming overcrowded?

Emma Lunn asks brokers whether the surge in new lenders joining the market in recent months is having a positive effect on the industry and consumer behaviour.

5. FCA ban for ex-BlackRock fare dodger branded ‘draconian’

The chief executive of the Chartered Institute for Securities & Investment describes the action handed to former BlackRock executive Jonathan Burrows as ‘draconian’ after he was handed a lifetime ban for avoiding train fares for five years. 

Here’s some more you may have missed:

Self-employed: Time for the industry to challenge itself

Emma Lunn explores what constitutes self-employed under a lender’s underwriting policy and investigates where there is room for improvement.

FCA publishes guidance on financial ads through social media

The Financial Conduct Authority offers guidance on the risks rising from character-limited messages and retweets on social media.

Mortgages remain top target for fraud

Mortgages continue to be the financial product most at risk of fraud. Research shows 84 in every 10,000 mortgage cases had some form of fraud in the last quarter of 2014. 

Foxtons’ mortgage broking revenue climbs 27%

Mortgage broking business at Foxtons through adviser firm Alexander Hall jumped by 26.8% to £6.3m in 2014, despite recording a drop in sales volumes of 3.7%.

Brokers expect surge of new landlords post-pension reforms

Two-thirds of brokers (66%) expect a significant uptake in the amount of landlords joining the buy-to-let market following the pension reforms in April, a Mortgage Solutions poll reveals.

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