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Overseas investors buy more homes

Prestige says the number of investors buying multiple properties overseas has risen by 188% since 2003. It says savvy property investors are looking to cut risk by diversifying their portfolios with multiple investments.

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GMAC-RFC completes second portfolio sale worth 330m

GMAC-RFC has completed its second portfolio sale to Oakwood Homeloans Limited.This 330m deal comprised of a blended pool of prime, buy-to-let and self-cert products and was completed on the 28 July 2006.Craig Beresford, director of asset sales at GMAC-RFC, says: It is great news to complete our second deal of 2006 with Oakwood Homeloans and […]

Brokers must still plan their strategies for HIPs

As I have been on my travels in the past couple of weeks, I’ve heard comments from a number of sources that indicate there is a certain amount of confusion about the government’s recent U-turn on the subject of Home Condition Reports.

Brokers warned about abusing Halifax scheme

Halifax plans to pay full proc fees on retention business and offer the same mortgages to new and existing customers. But industry insiders say the move might encourage brokers to advise their clients to remortgage with Halifax because it means they get commission for little work. Peter Izard, sen-ior manager of corporate accounts at GMAC-RFC, […]

Fewer audit rules for small firms

The Department of Trade and Industry is poised to move on recommendations by the Financial Services Authority to remove audit requirements from small firms and appointed representatives. The move has already been welcomed within the industry. The DTI will work to implement the proposal as soon as possible.

Auto-enrolment

Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]

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