BoE has ‘room to raise interest rates’ without hitting borrowers
And just what exactly is a fair amount? Has he seen what average wage growth is? Energy prices up over 3x CPI, rail fares up 6.1%, food up, council tax up, petrol still ridiculously high. Yep let’s put the bank rate up and see what happens.
The Cynical Broker
Landlords face £188m in tenant immigration check costs
Where do these idiots get these silly prices from? All is needed to is ask the tenant for a copy of passport, total cost, letter to tenant and cost of a photocopy for the file!
The worst cost is the cost of evicting an illegal tenant, that is going to be a good one, as how can you evict if they are illegal, you can’t so you need to apply under the 1925 Property Act to the court to have the AST cancelled then evict a squatter should be fun for the unlucky landlords who have illegal tenants.
Barry
Advisers should step up to level 4 qualifications – Bob Hunt
Interesting comments, normally hints are a sign of the future, level 3 is OK at the moment but is level 4 looming? Bit like in football when the board tell the manager you have my vote of confidence and then he gets the elbow next week.
Adrian McClaren
Interest rates set to rise after next election – HSBC economist
The best and most apt description regarding econmists I ever saw came from Ronald Reagan who said that: “An economist is someone who sees something that works in practice and wonders if it would work in theory.”
Sums it all up really!
The Cynical Broker
Advisers should step up to level 4 qualifications – Bob Hunt
Additional qualification will not make me a better broker or provide an improved service to my clients. Mortgage advice is not rocket science, and anyone who thinks it is, is either deluded or tuppence short of a shilling.
I can see no correlation between additional qualifications and a rise in professional standards, you either have them or you don’t. Somewhat worryingly, for once I am in agreement with the FCA!
HW
Thank you for your comments this week
