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Trump to sell mansion for 71m

Millionaire businessman Donald Trump’s Florida mansion has become the most expensive property in America. The star of TV’s The Apprentice is selling his 17-bedroom house for a massive 71m. Though Trump has spent a fortune renovating the property, he has never lived in it.

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Property ombudsman on the cards

Property leaders and interested groups are investigating the establishment of a single, national property ombudsman to deal with consumer complaints. The property ombudsman would act as a single point of entry or one stop shop for any consumer requiring access to redress in the property sector.The current structure of the industry presents consumers with a […]

Mortgage for Business offers two buy-to-let products

Mortgages for Business is offering a 4.69% five year fixed rate buy-to-let mortgage.This product features a 4.69% five year fixed rate that reverts to Bank of England Base Rate (currently 4.50%, variable) + 1.75%. Overall cost for comparison of 5.9% APR, and early repayment charges apply if the mortgage is partly or fully repaid in […]

Retention fees could turn into a mis-selling scandal

Ray Cohen I am intrigued by the debate on retention products. If the loan was non- regulated at the start of the term, why should switching to a different rate make it regulated? For those who wish to make it a regulated loan, the answer is simple – change the contract. The options are to […]

When is an AIP not an AIP?

When you’re dealing with B&W From Andrew Hughes We’ve all been in the situation whereby we have taken care to place our client’s mortgage with the right lender, covered all aspects of the true costs of the proposed mortgage, analysed the savings and benefits and then come to a final choice of lender and product. […]

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