Brokers vent anger to FCA on opaque lending criteria
The regulator hasn’t got a clue about the real world. The FSA never had a clue, why should we expect the FCA to be any better.
Bill
‘Chancellor and PM in complete denial’ asserts Balls
This from the muppet who thinks that the only way out of debt is to borrow more money.
Ian
Countrywide surveyor recruiters target brokers
This will de-skill the profession, diminish the career prospects of FRICS/MRICS Surveyors and ultimately result in second rate surveys and valuations being produced at the customers expense.
Mr. Surveyor
BoE could scale down Help to Buy in 2014 – economist
Another economist that has got it wrong. Help to Buy should not be scaled down until the £13bn subsidies to the but-to-let market are removed. The current housing bubble and that in 2007/8 is due to investors buying residential property rather than pensions, EIS, VCT or other tax efficient investments.
Tackling landlords would be my number one priority in order to give the young hope of getting on the property ladder. This is a generational issue which the government must favour young voters over older landlord voters as there are far more of them.
The government should make this a major issue at the next election as not will they win a lot of votes from the 18-35 year old voters but also their parents and grandparents as they will also want their offspring to get a house of their own.
For the Prime Minister and every political party it is a “no brainer” to reduce subsidies to landlords but so far the greedy politicians are looking after themselves as a large number of them are investors!
Colin Cloy
Thank you for your comments this week
