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Brighton 2005: Consumers will get a fair deal with Labour Johnson

Alan Johnson MP, Labour’s secretary of state for trade and industry, speaking at the Labour Party Conference in Brighton today, said: “No government has done more to empower consumers. Confident consumers stimulate competition and force companies to improve their service.

“Nothing disempowers people like excessive debt. We will provide 45million for face-to-face advice for the most vulnerable.

“And we will build on projects in Birmingham and Glasgow to hunt out loan sharks and bring them before the Courts.

“Next year we will test new Scambuster teams to target the most fraudulent and malicious traders.

“Furthermore, we will also introduce new powers to tackle rogue estate agents and we will increase ten fold the fines on companies that plague consumers and terrify vulnerable pensioners with silent calls.

“With Labour in government, we can ensure our consumers will be empowered to get a fair deal.”


Lenders should innovate rather than charge high fees

From Wesley Davidson Why has almost every buy-to-let lender decided to charge fixed rate 1% and 1.5% fees? It seems there is a ‘low rate, high fee’ bandwagon on the move. The Mortgage Works started the wagon rolling and since then lenders have jumped on it in droves. In most cases I have brokered I […]

OFT lashes councils for cashing in on searches

The Office of Fair Trading has slammed local authorities for charging consumers too much for property searches, with costs ranging from 55 to 269. With sellers having to provide Home Information Packs by 2007 the OFT has called on local authorities in England and Wales to make the property information they hold more readily available […]

GMAC-RFC sees self-cert applications double

In less than two weeks since it launched its new self-cert range, GMAC-RFC has seen its self-cert applications double. With rates from just 4.95%, GMAC-RFC believes it has one of the best rates in the market. It also offers a rapid remortgage option on its self-cert discounted rates. Income multiples go up to 4.5 + […]


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