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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.



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.


£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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