Mortgage broker sentenced after evading £115,000 in tax
A London mortgage broker has been handed a two-year suspended prison sentence and ordered to carry out 240 hours of community service for evading almost £115,000 in corporation tax and using part of the funds to finance a property in Dubai.
Wealthy landlords flock to Barclays after buy to let shake up
Wealthy property investors are taking advantage of Barclays’ recent changes to its buy-to-let criteria which allows borrowers to use disposable income to bolster the rent calculation, the bank has reported.
Pros and cons of using limited companies for buy to let – Marketwatch
Setting up a limited company to purchase investment properties has been raised as one way to ease the burden of tax. This week we’ve asked our panel of experts to talk about the benefits and drawbacks to setting up a limited company for buy-to-let purposes.
What the Woolwich rebrand means for brokers and their customers
Barclays has announced the gradual phasing out of the Woolwich mortgage brand. Jackie Uhi explains looks at the importance of a good brand and how brokers and their customers will be affected by the changeover.
Time is running out in the countdown to the MCD
How prepared are mortgage lenders and intermediaries for regulation? It seems the answer in many cases is not nearly enough, writes Benson Hersch.
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Entire equity release industry needs rebrand – Rozario
Bower Retirement Services’ chief corporate officer Andrea Rozario has lamented the ‘tarnished’ reputation of equity release among the public and called for a rebrand of the whole sector.
Industry develops standard for MCD 20-year-high interest rate
Mortgage lenders have joined together to produce an industry-accepted proposal to the challenge of representing the APRC requirements set out by the the Mortgage Credit Directive (MCD).
Right to rent – landlords’ responsibilities
This week the government announced right to rent checks would be rolled out across England as part of the Immigration Bill, requiring all landlords to check the immigration status of tenants before allowing them to move in. John Marsden, UK & Ireland ID and fraud expert at Equifax, explains the legislation and what landlords need to be aware of.
Broker loses appeal bid against FCA ban for integrity breaches
A mortgage broker has lost his bid to overturn a ban that prevents him from carrying out any regulated activity as an authorised person.
Court rejects challenge to anti-avoidance rules on Stamp Duty tax
The Court of Appeal has quashed an attempt to have Stamp Duty Land Tax anti-avoidance rules declared unlawful, after legislation was introduced by the Chancellor to shut schemes down in 2012.
