FCA finalises ban for fraudulent adviser with escort and gambling habits
FCA behind the curve again. And, defacto, redunandant since the police and the Rule of Law (a foreign concept to the FCA) had already dealt witht his criminal. It’s another non story FCA wise.
MrVeryAngry
Ask the Experts: Will Help to Buy 2 or MMR change the market most in 2014?
“Over the last 12 months, like the economy generally, the housing market has picked up” Yeah … our widening trade deficit, increases in sovereign debt and receding science, engineering and manufacturing are indicative of a broad, sustainable recovery?
If you stop the tax-payer subsidies mortgage market, you stop our faux recovery… pick up in the housing market (and therefore pickup in the building and service sector) is nothing more than a politically engineered feel-good factor based on unsustainable debt expansion & NOT wage growth. It really is that simple!
SyngenSmythe
Osborne: UK faces ‘hard truths’ about spending cuts in 2014
The first cut should be the £13.5m in tax relief given to wealthy BTL landlords on their loan interest as they are able to offset it against the rental income they receive. It will RESOLVE virtually all the UKs economic problems in ONE measure. It will firstly solve house price inflation, then immigration as FTBs will take over the released housing stock leaving few places for immigrants to rent.
Landlords will have to invest proceeds in the SME market. They will still receive tax relief but their capital will be at greater risk and it will be assisting UK Plc as the Banks are not lending nearly enough to this market. This will create more jobs and help more British youngsters to get work and cut unemployment benefit.
Finally interest rates can start to rise to help elderly investors. The Treasury will also find it will have to borrow less all for a few thousand unhappy landlords like football managers. QED.
Colin Cloy
Know Your BDM: Sue Currie, Santander
Sue adds real value to our business, always helpful and willing to listen but also knows how to say “no” if a case doesn’t fit for some reason. Keep up the good work Sue, feel free to pass these comments to Santander at bonus time!
Ian Clark
Dear Editor,
Rumours this week that the Government is planning to claw back interest payments made to claimants under its Support for Mortgage Interest Scheme when they sell their home or die (turning it into a loan rather than a benefit), illustrates why home-owners need access to new-style protection policies that are designed to pay out and so plug the ever-growing protection gap.
This week British Money launched Universal Cover and we believe the protection sector must revamp its offerings, particularly in light of the Government rumours. If you’re not keen to write about a new product, this step-change in underwriting approach prompts a discussion around why, at a time when consumers have even fewer financial props in times of hardship, insurers must rip-up their underwriting rule books and offer highly ethical, morally responsible policies. As well as the obvious financial benefits to lender and borrower, this approach will rehabilitate this much-maligned sector and re-build consumer confidence in a product that, when properly sold, pays mortgage costs.
Yours faithfully,
Simon Burgess,
British Money Limited
Thank you for your comments this week
