All the latest news about property funding in the UK. Bringing updates about commercial mortgages, buy to let mortgages and property development finance; mostly directly sourced from the industry press.
It is a fact of life that one person’s misfortune can be another persons opportunity, so any discussion about property finance has to include a quick consideration for what happens when things go wrong. When a property is repossessed it will inevitably end up in an auction, resulting in a lower price for the seller …
According to recent reports there are a number of landlords ignoring the [tag]Tenancy Deposit Scheme[/tag] (TDS). In figures released by the National Landlords Association (NLA) it is estimated that approximately 150,000 landlords have directly registered with an approved Tenancy Deposit Scheme. This means that there is a significant number who have not. The legislation covering …
The government has announced that the Home Information Pack scheme (HIP’s) will be extended to cover 3 bed houses from 10 September 2007. Despite opposition to the initial introduction of HIPs the government has decided to push ahead with the expansion of the scheme. The Home Information Packs were originally scheduled to be introduced for …
The relationship between landlord and tenant is rarely put under more pressure than when the issue of deposits is discussed. Unscrupulous landlords have left many tenants feeling deeply suspicious of the whole question of repairs and deductions. Under pressure from Citizens Advice the government has introduced legislation which aims to solve many of these issues. …
unregulated been a lot of talk in the press about homeowners applying for mortgages with “[tags[adverse credit[/tags]”. The popular press tends to concentrate on the problems this causes for for the applicant, but the issue of adverse credit applications creates problems for brokers and lenders too. The headlines have been caused by the recent problems …
During a recent speech the outgoing chief executive of the Financial Services Authority (FSA) publicly stated that he would like to see secured loans come within the regulatory umbrella of the FSA’s control. It was suggested that the current regulatory regime, with the office of fair trading (OFT) covering some consumer transactions, and not others …