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Coulson case settled on commercial terms

Legal proceedings between Openwork and Zurich against Home of Choice, Richard Coulson and Gerry O’Brien have been settled today on commercial terms.

The legally binding commitments and promises given by Home of Choice to the court in July 2005 will continue for set periods.

The terms of the settlement are confidential.

None of the parties are able to provide any more information about the settlement terms beyond that which is contained in this joint statement.


Landlords overstating rental returns, says Landlord Mortgages

Research from Landlord Mortgages shows that letting agents in some regions of the UK are overstating rental returns on investment properties by up to 25%.Posing as first a tenant and then a potential property investor, researchers enquired as to how much a two bedroom flat in specific developments could be rented for. Whilst London at […]

Web adverts worry the FSA

Companies that advertise sub-prime products on the internet could be in the firing line from the Financial Services Authority for failing to comply with regulations. Speaking at the Mortgage Business Expo at Earls Court in London, Chris Atkinson, manager of the communications and strategy team for financial promotions at the FSA, warned it is currently […]

Cost could deter home inspector trainees

It could be costly to become a home inspector as the inclusion of Home Information Packs becomes a mandatory part of selling a house. Nigel Hoath, director of United Surveyors, says that with thousands of inspectors needed to complete the Home Condition Report section of the HIP, many chartered surveyors and brokers may be considering […]

Standards forum will be set up soon

Trade bodies, lenders and distributors will be meeting soon to discuss ways a standards forum can be established to drive the uptake of e-commerce in the industry, says Frank Eve

Champion the small-scale developer

Traditional development finance must price in project and liquidity risk, but if your project is completed and you have begun selling units you could be eligible for cheaper funding, writes Matthew Tooth of Lendinvest. A product which prices purely for liquidity risk is one way to help developers lower their costs. This type of product allows […]


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