General property news about mortgages and interest rates. Discussion about adverse credit and self cert mortgages for business people.
Probably does not come as much of a surprise to anyone involved in UK property sales, but worth pointing out: More than two thirds of UK property disposals last year were sold at prices below their valuations, according to the IPD/RICS Valuation and Sale Price Study 2009. The study was published yesterday at the annual …
The FSA has today launched a discussion paper on consumer responsibility and said that it wants to explore what steps it or others could take to help consumers understand and protect their own best interests more effectively. The protection of consumers is one of the FSA’s four statutory objectives and the discussion paper aims to …
Through the day we get updates and press releases from property finance publications and various trade bodies. On Tuesday (18th September) The Building Societies Association (BSA) reported “unwavering consumer confidence” within the housing market. They went on to explain that their report is the first look at the public’s view on residential property purchases. Unsurprisingly …
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 …
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 …