How Facebook updates could aid underwriting decisions
Where does the role of privacy come into the equation and where exactly does one draw the line?
Paul Samuda
No, minister: equity release must avoid govt interference – Simon Chalk
There is in principle no difference between this idea and Help to Buy, neither lenders or borrowers have to adopt it. Also to dismiss the older taxpayers who are supporting, and not using Help to Buy is hardly a level playing field.
Why should their money be used to fund younger home buyers? The suggestion is not that this be a mandatory support, but an alternative which is worth debate. This could also encourage others to enter the market who are otherwise unable or unwilling to take on the no-negative equity guarantee risk.
To ignore the potential upside benefits so simply seems a strange position to adopt without debate and ensuring greater understanding of the potential impact that such a move could have.
Dean Mirfin
Police to consider further action against Wonga
With respect, this firm should have their CCL withdrawn. This just goes to show how weak the FCA are as a regulator. They are actually “pleased that Wonga is working with them to put matters right”.
This is a financial crime tactically formulated to generate fear and income from “at risk” consumers; to say they are pleased with the firm just beggars belief. The regulator is starting to resemble the puppets on the Wonga adverts – literally.
Pointed
Why are more mortgage brokers caught for fraud than IFAs? – Stockton
This kind of pigeon holes brokers; most brokers are not caught for fraud as most IFA’s are not. Any difference found may quite simply be in the numbers; with far more mortgage brokers in the UK than IFAs.
Or is it to answer your question “Why are more mortgage brokers CAUGHT for fraud than IFAs?” is because IFAs are better at hiding it.
For both; it’s a quick and easy way to end a career.
Adam Hosker
Housing market poses ‘biggest risk’ to economy – BoE deputy
Can we stop talking about London that’s all we hear! It’s foreign investors that are buying not UK residents, just let them get on with it and make them pay CGT when they sell which they don’t at present being non-domiciled.
The rest of the country outside London & South East doesn’t have a property bubble!
Mike N
Thank you for your comments this week
