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DCLG approves RICS for HCRs

The Department for Communities and Local Government has approved Royal Institution of Chartered Surveyors to regulate those members who wish to carry out home condition reports as part of the government’s proposed Home Information Packs.

Steven Gould, RICS director of Professional Regulation and Consumer Protection, says: “We are delighted to be able to provide this new, not-for-profit regulatory service to our members.

“RICS has an extensive regulatory regime in place for its members which is already in line with the government’s better regulation principles and we are pleased that this has been acknowledged by DCLG.

“RICS will be able to set a subscription rate for its members substantially below that of other prospective schemes, since it is already monitoring these members for key regulatory requirements such as lifelong learning, professional indemnity insurance, and complaints handling.

“As everyone knows, we have had our differences in the past with DCLG over the details of the implementation regime adopted to deliver this aspect of the Housing Act, but we are committed to working with the department and our members to improve the home buying and selling process for the benefit of consumers”.



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RICS welcomes rise in gross mortgage lending

Skipton has relaunched its range of two-year, three-year, five-year, seven-year and 10-year fixed rate mortgages on which borrowers could make initial monthly payments of £592 on £100,000 repayment mortgages.

Middle market

companies at risk KPMG says there are growing concerns that many middle market companies are at risk by not managing their cash effectively. KPMG has canvassed the opinion of 200 companies with turnover between £5m and £500m and it says the results show economic optimism has just started to wane after six months of relative […]

Kent Reliance launches 25-year fixed rate mortgage

Kent Reliance has launched a 25-year fixed-rate product. The mortgage is portable, is available for first-time buyers up to 95% LTV, home movers and those wishing to remortgage. The mortgage is also available on shared ownership lending.Mike Lazenby, chief executive of Kent Reliance, says: “Mortgage repayments are a big part of most people’s budget and […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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