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Spain stays at the top of foreign hotspots

Spain remains the most popular destination for people wanting to buy a property abroad for the second quarter running.

One-third of all enquiries made through moneynetinternational&#39s Global Mortgage Service for the period September to December 2002 were for the purchase of a property based in mainland Spain.

Richard Brown, chief executive of, says: “Cheap flights, easy access and good weather almost guaranteed – as well as a good quality of living – makes Spain an ideal choice for anyone purchasing a second or holiday home”.


Cost of ARLA Bond scheme cut

The cost of protection for landlords&#39 rents and clients&#39 deposits is set to fall by an average of 35% from the start of April for subscribers to the Association of Residential Letting Agents Bonding Scheme. The ARLA Bond provides cover of up to £2m, with no individual limits for either the public or member letting […]

FSA garners support for review of listing rules

The FSA has reported “generally supportive” feedback to its review of the rules governing company listing. Ken Rushton, director of listing at the FSA, says: “The feedback we have received so far has been supportive of the FSA&#39s current approach and has highlighted the need to maintain UK standards of investor protection. “We have established […]

Brokers anticipate sub-prime growth

Mortgage intermediaries expect more growth in specialist mortgage lending, the latest research from BM Solutions reveals. Over half of all mortgage cases introduced by brokers are mainstream. Nearly a quarter are self-cert, 12% are buy-to-let and 10% are sub-prime. The BM Solutions SMART index of broker confidence shows that advisers expect to do 4.9% more […]

Plan to link council tax to transport links slammed

Brokers have slammed government proposals for increased council tax in areas where house prices are boosted by new transport links. The Office of the Deputy Prime Minister is investigating links between land value and transport links. But Ilhami Agca, proprietor of east-London-based City Mortgage Centre, says: “This would deter people from buying property here, meaning […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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