Transactions

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Brokers who fail to spot mortgage fraud could face prosecution

Brokers who fail to carry out adequate due diligence and fail to spot fraudulent mortgage applications could face prosecution. The warning comes as a case emerges where a borrower forged wage slips to support a mortgage application. The borrower falsified documents so his wife appeared to be employed rather than self-employed. The couple were worried […]

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Accountants call for sellers to pay stamp duty

An accountancy group is calling on the Government to make sellers pay stamp duty, rather than buyers. The Association of Accounting Technicians, which has more than 140,000 members, made the suggestion in its Budget submission to the Chancellor this week. The AAT says: “In recent weeks there have been calls from politicians, the property industry […]

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House prices climb amid lack of supply

House prices are 2.6 per cent higher than they were a year ago, according to the latest Halifax House Price Index. The annual growth rate in the three months to August was higher than the 2.1 per cent annual growth recorded in July. The average UK house price is now £222,293 after property values climbed […]