View more on these topics

Focus on new-build won’t stimulate FTB interest

Why does the government’s mortgage rescue plan include new-builds and not second-hand properties if one of its objectives is to stimulate the first-time buyer market?

Housing associations are making profits from first-timers on new-builds. In certain areas they are 20% more expensive than second-hand properties, if not more. And many new-builds are based in developments with expensive management charges.

Michael Lewis

Lewis Partnership
By email


M2000 sheds M2i

Mortgage 2000 is transferring the ownership and running of its M2i compliance service to Ingard Intermediary Services.

FSA fines broker £63,000

The Financial Services Authority has fined Approved Financial Solutions £63,000 for failing to give suitable advice.


News and expert analysis straight to your inbox

Sign up