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Lib Dems round on banks

The Liberal Democrats have warned the government not to rely on banks to tackle social exclusion. Last week the Treasury Select Committee report published a report that slammed financial organisations for charging poor people proportionally more. Vincent Cable, shadow chancellor for the Lib Dems, says: “Some banks regard current accounts as a nuisance and have little commitment to developing them.”

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FirstRungNow.com launches Right to Buy scheme

FirstRungNow.com has launched a service on its site, provided by First Home Direct that offers a Right to Buy scheme.A survey on first-time buyers’ website FirstRungNow.com has revealed that 99% of aspiring first-time buyers think that rent money is dead money and that they wish that some of their rent was going towards their first […]

Milton Freidman dies aged 94

Milton Freidman, the inspiration for many of Margaret Thatcher’s economic policies, has died aged 94. The economist who coined the phrase “There’s no such thing as a free lunch” was the man who proved that inflation could be controlled by targeting the supply of money. This theory became monetarism. Dr Freidman won the Nobel prize […]

Paymentshield introducers face a future of beer and skittles

From Bill Thomson An open letter to Paymentshield introducersWhen you signed your agency agreement with Paymentshield, did you happen to read the terms and conditions you were presented with? If you didn’t and you are expecting to sail serenely into a retirement buoyed by the renewal commissions you have worked so hard to build up […]

Industry defends B2L record

The Association of Residential Letting Agents and the Council of Mortgage Lenders have rebutted press claims that buy-to-lets make up a large slice of mortgage repossessions.Last week the Financial Times reported that while buy-to-let mortgages account for less than 10% of the market, auctioneers claimed that half of all repossessions handled by them were buy-to-let […]

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