View more on these topics

OFT bans estate agents

Estate agents Robert Michael Cheslett and Paul Pacelli Quigley have been banned from estate agency work.

Mr Cheslett, and Mr Quigley, who have both worked as estate agents, received Prohibition Orders in separate actions by the OFT. They are the fourth and fifth estate agents to be banned by the OFT this year.

Stockport Trading Standards Department drew Mr Cheslett to the attention of the OFT. Mr Cheslett had been convicted at Manchester Crown Court, Tameside Magistrates&#39 Court and Liverpool Crown Court of various offences involving fraud and other dishonesty or violence. He received a number of fines and suspended imprisonment sentences.

Mr Quigley had been convicted at Southwark Crown Court of an offence of conspiracy to defraud. He was sentenced to three years imprisonment.

An adjudicator appointed by the OFT determined that Mr Cheslett and Mr Quigley were both unfit to carry on estate agency work. Prohibition Orders were made against Mr Cheslett and Mr Quigley on 12 July and 23 July 2002 respectively.

Recommended

Underpinning growth

The buy-to-let market is securely underpinned by an expanding private rented sector, writes Harriet Williams. Research from the Office of the Deputy Prime Minister shows there are 12% more households in the private rented sector in 2002 compared to ten years ago. Now, two million of England&#39s 20.6m households rent privately. There are 14.5m households […]

FSA considers scheme

The FSA is considering several ways of implementing the appointed representative regime to mortgage advice, despite fears it could restrict consumer choice in the market place. Under the new regime, brokers will have to choose between direct FSA authorisation and appointed representative status, where an authorised firm will take responsibility for compliance. CP146 indicates there […]

I&#39ll have it filtered, please

From Monty BurnEndeavouring to clarify the role of an introducer, the FSA helpline referred me to a HMT mortgage document. HMT states clearly that introducers will be excluded in the activity of &#39arranging&#39. HMT are saying that introducers are not to be regulated yet the FSA appear to be casting doubt on who can conduct […]

Nationwide launches lowest ever fixed rate mortgages

Nationwide Building Society yesterday announced details of its new fixed rate mortgages. Following the reduction of 0.2% across all products, these are now the lowest fixed rates ever available from the Society. These new rates are available from August 21 and reflect recent movements in the money markets. The products include a two year fixed […]

Top seaside property hotspots revealed

Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]

Newsletter

News and expert analysis straight to your inbox

Sign up