View more on these topics

Your Views

Plans to fine landlords for mistreating tenants come under fire

Last week, it was revealed that landlords who mistreated tenants could be fined up to £30,000 under new rules…

And so the next phase begins! What happened to the assurances that landlord registers would not be used as data-gathering services for alternative government policing or tax purposes?

This does not look a long way off despite the confidential assurances given by lobbyists for the quangos. Those set to gain stated, when trying to implement the legislation in the first place, that it would be used only for tenant protection.

It is also a very slippery slope to allow councils to fund private-sector enforcement with fines. Who will monitor how these funds are spent?

My local council undertook zero cost-benefit analysis on the suitability of implementing previous changes and there has been huge waste.

One-size-fits-all is a dangerously false approach to localised government issues due to the varying demographics within those councils. Why is central government getting involved in this if it is better serviced on a localised council level?

It seems to me the housing minister has failed to do anything other than tinker with policy so this can be a big drum to beat while others are expected to dance to the tune.

What has been done to assist landlords who get screwed by local councils telling tenants to ignore eviction notices, etcetera, due to an inability to offer social housing?

Steve Balmer

Santander’s ‘schoolboy error’ system glitch ‘has broken broker trust’…

Brokers were unimpressed by Santander’s admission that a system glitch, which cuts them out and encourages consumers to go direct, could take weeks to fix…

What a shambles. I’ve read many stories on other adviser forums where, in good faith, brokers have used this system, only to learn that the case has then been ‘pinched’ by Santander direct.

This is a schoolboy error by the lender and now the broken trust between Santander and mortgage brokers will take a long time to repair.

Santander should immediately issue a press release, publicly stating that all brokers affected by its software glitch will be compensated for their loss. Until it does so, brokers will not trust it or risk using its system for fear of losing a client to Santander direct.

Jim Gillespie

…and lender’s unhelpful response will simply drive them elsewhere

Having spent hours on Santander’s system last week and spoken to a very unhelpful team who insisted that we, not they, were the ones at fault, we have concluded that 0.2 per cent [as proc fee] does not pay for our time.

We will not be using this facility in the future.

Lithgow Currie

Recommended

Sainsburys-Building-2013-700x450.jpg

Sainsbury’s Bank partners with L&G and L&C for mortgage launch

Sainsbury’s Bank has revealed details of its mortgage range, which has been launched in partnership with Legal and General Mortgage Club and London & Country Mortgages. Mortgage Strategy last year revealed that the Bank was looking to re-enter the mortgage market in the first half of 2017, after a 12 year absence. The bank has […]

Estate-Agent-To-Let-Buy-Sign-700.jpg

Landlords can save on stamp duty using tax loophole

Landlords could rush to take advantage of a little-known stamp duty loophole after the Chancellor this week denied large investors a carveout on future hikes in the tax. The Chancellor announced a 3 percentage point stamp duty surcharge on second homes and buy-to-let properties in the 2015 Autumn Statement. The Treasury then consulted on exempting […]

Payne

What do the rising number of CCJs mean for the mortgage market?

The rise in CCJs shows the need for adverse credit products There is not much that surprises me nowadays but recent figures on the number of CCJs awarded last year did. It is not the fact they have been rising that caught me off-guard, but the sheer scale of the jump and what it means […]

Value for money in DC pensions

The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]