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2011 prediction is gross lending flat, net lending down

The Council of Mortgage Lenders is forecasting that gross lending will remain static at £135bn in 2011, but that net lending will drop from £9bnthis year to £6bn. In a market update last week the CML says: “We do not envisage a return to the lending levels that characterised the middle of the lastdecade for […]

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Two mortgage brokers jailed for £28m B2L fraud

Two mortgage brokers from a franchise of The Money Centre have been imprisoned after a £28m buy-to-let fraud. Both of them worked at The Money Machine in High Wycombe, a franchise of The Money Centre. John Stirzaker, 33, from Aylesbury was sentenced to three years’ imprisonment after being investigated by the Thames Valley Police’s Economic […]

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