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Labour to free up funds to reduce council tax inflation

The chancellor Gordon Brown has pledged in his pre-Budget report to free up money from central government departments to help keep council tax inflation down.

With council tax inflation running at 5.9%, he pledged 1bn in funds to help local councils battle inflationary pressures.

However, there was no mention of any plans to reform Stamp Duty, which Mortgage Strategy had been campaigning for the government to address.


Taking a tough stance on fraud

The FSA has adopted a co-operative approach to help the industry tackle fraud and places responsibility on a firm’s senior management to implement safety checks, says Ben Stafford

TFC declares war on extortionate application fees

Mortgage distributor The Finance Centre has declared war on extortionate application fees and abolished its stepped fee in favour of a flat sum of 199. Whilst most mortgage lenders and distributors have a staggered fee that can be up to as much as 850 depending on property value, TFC is offering this flat rate application […]

Pink appoints Kay Leslie as compliance controller

Pink Home Loans has appointed Kay Leslie to the position of compliance controller from January 1 2005. She will be responsible for all of Pink’s compliance functions including policy, delivery and training and competence.Kay is currently a member of the executive management team at the The Mortgage Code Compliance Board and was instrumental in implementing […]

Chancellor fails to cheer homebuyers, says Halifax

UK homebuyers will be disappointed the chancellor did not take the opportunity to reduce housing tax policy, stamp duty and inheritance tax, says Halifax.The UK housing market remained strong in 2004, with house prices rising by 16.8% during the year. Halifax estimates that the government currently takes around 4 billion each year from residential Stamp […]


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