FCA

FCA

Want a mortgage? Don’t eat steak!

12 May, 20140 Comments
It emerged last night that mortgage applicants are being asked ‘Spanish inquisition’ style questions, including whether they play golf or eat steak. Some interviews have lasted up to 3 hours where applicants have been quizzed over the price of haircuts, their plans for more children and even their hopes of a pay rise. These questions
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Lifestyle quiz to secure a mortgage comes into force today

26 April, 20140 Comments
From today, new rules come into force that mean borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment. According the the Financial Conduct Authority (FCA) the Mortgage Market Review (MMR) will ‘put common sense at the heart of the mortgage market and prevent borrowers ending up with a
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Foxtons in legal battle with landlord following bad tenant experience

15 April, 20140 Comments
Estate agency giant Foxtons have recently been taken to court by a landlord client following a row over unpaid commission after complaining that the previous tenants had trashed his property. The dispute began in 2007 when private landlord Jonathan Bloom instructed Foxtons to let out a house he owned in South Hampstead. He said he
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Is “rent to buy” cashing in on poverty?

09 April, 20140 Comments
Today the BBC have reported on a growing number of people who are turning to companies that offer weekly rental services to buy household items when money is tight. Companies such as Brighthouse, which allow weekly payment instalments over a number of months or years to buy items, have grown rapidly since the economic downturn.
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Government says benefit claimants more responsible than workers

31 March, 20140 Comments
The majority of the Mortgage Market Review changes will come into effect on 26th April 2014, where new rules will mean that borrowers across the EU will be refused a mortgage if they fail a standard affordability assessment. Please read : Mortgage Market Review explained by the FCA. Please read : How will the Mortgage
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RGI | What policies would you like to see? …

25 March, 20140 Comments
Landlord Referencing Services is happy to announce that we have successfully managed to obtain our FCA licenses – in order to offer our own RGI and legal expenses products through RentSafeUK.co.uk. Below is a list of the policies that LRS members have suggested so far – but what we would like to know is if
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