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Broker loses OFT appeal

A Sidcup mortgage broker has lost his appeal against a decision by the Office of Fair Trading to revoke his consumer credit licence.

The OFT’s original decision was based on the fact that Stewart Williams, who trades as S & J Consultants, was convicted in July 2000 of a number of offences involving dishonesty including obtaining money transfers by deception in the course of his business.

The secretaryof state appointed an independent tribunal to hearthe appeal and a public hearing was held on April 25 this year.

The tribunal found that the offences committed by Williams were serious and showed a pattern of dishonesty.


Yorkshire is innovator of the year, says Mortgage Finance Gazette

The Yorkshire was awarded Innovator of the Year for its Fresh Start mortgage in the Mortgage Finance Gazette national contest, a mortgage aimed at helping people buy a home after they have been divorced or separated.At the glittering award ceremony, hosted by Fiona Armstrong, the awards were judged by an independent panel of financial specialists […]

Halifax reports pick-up in housing market

The Halifax’s latest All Houses, All Buyers Index reveals a pick-up in the housing market. House prices increased by 1.6% in August following a 0.4% gain in July. This was the biggest monthly gain since September 2004.Prices have increased by only 2.1% in the first eight months of this year compared with a 12.5% rise […]

MI launches stepped deal for graduates

Mortgage Intelligence has launched a deal designed to take graduates from university to their first step on the property ladder. The UNI-STEP deal combines a stepped fixed rate with a loan that could be 6 x the graduate’s income if supported with a parental guarantee. To ensure affordability, guarantors are assessed on an individual basis. […]

Ansar partners property purchasers

Ansar Housing has revealed the development of its Property Purchase Agreement, a form of contract that is free of interest and that accords with Islamic principles of contract law.Under the Property Purchase Agreement, Ansar and the client will form a partnership under which both parties jointly purchase a property. The home-buying client will then rent […]


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