A police report into mortgage fraud has called on the Financial Services Authority to individually register the UK’s estimated 40,000 mortgage brokers. The Association of Chief Police Officers made the call as part of its look at the growing problem of mortgage fraud. Richard Farr, director of the Association of Mortgage Intermediaries, says: “Everybody backs registration as long as the process is slick and we’re talking to the FSA about this.”
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One of the fundamental questions asked by commercial lenders when assessing loan applications is whether the business is profitable and represents an acceptable risk.
Proposals for a government-backed mort- gage payment protection insurance scheme have been slammed as inadequate by industry members. The Sustainable Home Ownership Partnership was proposed in a report published last week by the Joseph Rowntree Foundation as a way to help borrowers safeguard their homes in the event of un- employment, sickness or an accident. […]
The Association of Mortgage Intermediaries has today called on the chancellor to introduce a budget for the mortgage market.
The chancellor will create new car tax bands for the most polluting cars from April.
Research from Jelf Employee Benefits and retirement workshops specialist LaterLife Learning shows that one in two employers could offer their older workers greater remuneration flexibility so that they can benefit from the new Freedom of Pensions rules.
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