View more on these topics

RICS attacks OFT’s missed opportunity

The Royal Institute of Chartered Surveyors has accused the Office of Fair Trading of missing out on several key issues over house building.

The OFT has revealed it is to look into the way the house building industry is being run.

Although RICS welcomes this move, it warns that there is still much to do to clean up the sector.

A spokesman for RICS says: “With residential property responsible for 25% of carbon emissions, it is disappointing that the OFT has failed to address the vital area of sustainable development.

“Equally, the government should move to end the scourge of land banking and make previously developed public land available for affordable housing.

“House building levels are well below government targets and with there being little hope that levels will keep pace with house household growth, it is imperative that Gordon Brown opens his premiership with positive action.

“Consumers should be assured that any new purchase will be of a high standard.

“However, the government would be well advised to create a level playing field of high standards for both the social and private sectors.

“As it stands, standards for private housing lag behind housing built in the social sector.”


RBSIP launches two-year fix

RBS Intermediary Partners has launched a two-year fixed rate mortgage and is also repricing its range of fixed rate products. There will also be some new rates for the NatWest fixed rate buy-to-let products.The new RBS two-year fixed rate will offer an initial rate of 5.99% and is aimed at first-time buyers, house purchasers and […]

Anti-B2L sentiment gathers pace

Readers of national newspapers the Guardian and the Metro have called for curbs to the UK’s booming buy-to-let sector.Buy-to-let loans accounted for 11% of all mortgages in 2006 and were worth £38.4bn.Patrick Collinson, editor of the money section of the Guardian, re-ceived a flood of letters after he wrote an editorial describing “loc-ust landlords that […]

Society calls on Brown to make Stamp Duty changes

Nationwide has called on Gordon Brown to do more to help home buyers. The society believes Brown, who succeeds Tony Blair as Prime Minister this week, can do this by linking Stamp Duty limits to house price inflation. Nationwide says if the Stamp Duty threshold had been raised in line with house price inflation since […]

AIFA praises FSA for its “robust” compensation scheme proposals

The Association of Independent Financial Advisers has praised the Financial Services Authority’s for its proposed reform of the compensation scheme as “robust” and “fair”.Chris Cummings, director general of AIFA, says: “The compensation scheme is a vital regulatory safety net which helps maintain consumer confidence in the financial services industry, but it is in need of […]


News and expert analysis straight to your inbox

Sign up