High street estate agents overvaluing ‘on purpose’
UK sellers are listing properties at significantly higher prices than the actual sale price achieved, according to research.
Buy-to-let industry agrees principles setting out responsible lending practice
In a bid to stave off tighter regulatory control from Europe, UK buy-to-let lenders supported by a raft of trade bodies agreed a statement of practice targeted to demonstrate the industry’s capacity for responsible lending and practice.
Wiltshire letting agent jailed 15 months for theft
A letting agent was jailed for 15 months after pocketing tenant payments and fraudulently cashing in a client’s tax rebate.
FPC warns buy-to-let market it will be watching closely
The Financial Policy Committee put the UK’s buy-to-let lenders on notice that it would be monitoring activity in the market closely.
The mortgage battleground shifts focus from rates to service
Toni Smith of First Complete blogs about the end of the mortgage rate war and the shift in lenders’ focus.
And some more you may not have seen…
Hand housing policy to Bank of England – Precise
Housing policy is being used as “political football” and should instead be handed to the Bank of England to create an effective long-term strategy, argues Precise Mortgages managing director Alan Cleary.
Will the MCD move on mortgage prisoners make any difference? Marketwatch
Read our experts’ views on the FCA’s U-turn to comply with European regulation.
Soon-to-launch mortgage lender poaches senior Bank of England figure
Recently formed challenger bank and specialist mortgage lender Bank and Clients poached a senior Bank of England figure to be its first chief of finance and operations.
Labour pledges to close ‘non-dom’ tax loophole
Labour said it would close the ‘non-dom’ tax loophole should it come to power in May.
Lib Dems unveil tenancy loan scheme for young renters
The Liberal Democrats announced details of a scheme which will allow renters to borrow up to £1,500, or £2,000 in London, to put towards a tenancy deposit.
