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Buy-to-let grew 16% in November

Mortgages Direct has revealed that buy-to-let mortgages increased by 16% in November. This followed a steady increase over the past six months, as many investors geared up for self-invested personal pensions’ tax-free investment opportunities. This has now been retracted by the government.

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OFT orders Countrywide North estate agents to change their ways

Following action by the Office of Fair Trading, two directors and one former manager of Countrywide North, the Scottish subsidiary of Countrywide, have been required to change their conduct and be more transparent in their dealings with consumers. Mairi Eckford, managing director, Michael Miller, sales director, and Stuart Black, ex-area manager have given undertakings to […]

Limits unchanged for FSCS and FOS

The Financial Services Authority has recommended that the Financial Services Compensation Scheme’s limits and the Financial Ombudsman Service’s compulsory jurisdiction should not be changed. The regulatory body’s recommendation comes after it found most claims or complaints were still well below the current maximum limits. Current limits for the FSCS, which covers deposits and investments, significantly […]

SmartNewHomes.com relaunches website

SmartNewHomes.com has relaunched its website with an area especially for first-time buyers and retirees, an overseas area covering new homes for sale in sunnier climates, including America and Spain, and an investor section including details of the recently launched Smart Investor Services across the UK. Additionally, SmartNewHomes.com has partnered with PropertyPriceAdvice.co.uk to feature instant, current […]

Cheval reports broker interest in website

Cheval, the Stanmore based bridging finance lender, has reported high levels of interest from brokers in its interactive website, which was unveiled at Mortgage Business Expo in November. Cheval, which was the first bridging finance lender to join the CML, has also seen business levels rise significantly since it issued its code of conduct in […]

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