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Let Land Registry staff bear brunt of lower registrations

Rather than pushing up the fees it charges the Land Registry should do what many other businesses have had to consider – ditch its final salary pension scheme and pay off some employees.

If the number of registrations is down by a third it is clear that the organisation is employing too many people.

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Support scheme won’t help everyone, says IMLA

Peter Williams, executive director of the Intermediary Mortgage Lenders Association says the government’s Homeowner Mortgage Support scheme may not provide help for everyone.He says: “This is a further component in the mechanisms put in place to help mortgage borrowers who are in difficulty, and has been worked up following discussions between government and a number […]

Chancellor will need a magic moment

This week’s Budget will more closely resemble a performance by magician Paul Daniels than a speech by Vilfredo Pareto or Arthur Cecil Pigou, both influential economists. With little if any cash at his disposal chancellor Alistair Darling’s second Budget is likely to produce more smoke and mirrors than anything of substance for taxpayers, let alone the mortgage market.

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