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Bogus broker given a suspended sentence

A man masquerading as a broker has been convicted of fraud after pocketing a £5,000 arrangement fee from a client. The Birmingham Mail reports Mohammed Aslam was sentenced to 12 months in prison suspended for two years and 250 hours of unpaid work.

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Could shared ownership be the answer for first-time buyers?

With the news this week that rents hit another record high of £713 per month in August, renting is evidently becoming increasingly unaffordable for many, particularly in London, where average rents have now hit £1,025 per month.

Week in NUMBERS

£65,924 The average cost of a deposit for a first-time buyer in 2011, a 1,000% rise on 1990 when it was £6,793, says First Direct. 363 The number of pages in the Independent Commission on Banking’s final report by Sir John Vickers published last week . 77,000 The rise in number of jobless 18 to […]

IMF cuts UK growth forecasts

The International Monetary Fund has cut its growth forecasts for the UK economy, amid warnings that the global economy has entered a dangerous new phase.

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