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High demand for OEA code

The Ombudsman for Estate Agents has reported a strong response to its code of practice scheme. And a report by Christopher Hamer, ombudsman of the OEA, shows that while member numbers climbed by 60% during 2007, complaints also increased by 48% for residential sales.

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Fairness test may open can of worms

Kevin Paterson takes a weekly look at the latest developments in the market and brings you what’s hot and what’s not in the world of mortgages

Mform points to interest-only rush

Mform.co.uk predicts that a rush of consumers will opt for interest-only mortgages in a bid to stem rising costs.Currently, only about 24% of home movers and first-time buyers who take out interest-only deals specify a way of repaying their mortgages.With lenders pulling their cheap deals en masse, Mform.co.uk says this trend is likely to continue.The […]

Rabbitt resigns from Nationwide

Joe Rabbitt, formerly head of corporate intermediary relations at Nationwide, has left the firm citing family reasons. Head of sales Ian Andrew will take on Rabbitt’s duties until a successor is appointed.

Hamptons sets up shop in Dubai

Hamptons International Mortgages is to open a branch in Dubai on March 30 as part of the group’s expansion plan.

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