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Take care with B2L, brokers warned

Moore Blatch is warning brokers to cover their backs when selling buy-to-let mortgages.

The repossessions specialist has warned brokers that buy-to-let arrears and repossessions levels are rising so they should document that they are not giving investment advice and also provide appropriate investment-style warnings.

While neither are currently required by the Financial Services Authority, Moore Blatch says these measures could help in support- ing brokers’ legal position if clients decide to take civil action.

Paul Walshe, head of lender services at Moore Blatch, says: “We are urging the regulator to ensure that buy-to-let investment is subject to consumer warnings as many amateur investors are facing substantial losses.”


Deferment plan could lead to a bonkers situation

The Royal Bank of Scotland’s announcement that it is delaying repossession orders by six months is akin to putting a plaster on a wound and ignoring the source of infection.

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Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection needs and the industry as a whole. By Ross Jackson, Senior Protection Marketing Manager We surveyed people who had already taken out some kind of protection insurance and those who didn’t have […]


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