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Mass Buy-to-Let Selling Could be Threat to Economy

30 March, 20160 Comments
The recent boom in the buy-to-let sector could pose a threat to the economy in the event of a large-scale sell-off of properties, a senior official at the Bank of England has warned. Sir Jon Cunliffe, deputy governor for financial stability at the central bank, pointed in particular to a surge in lending to buy-to-let
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Landlords Taking Measures to Safeguard Their Profits

29 February, 20160 Comments
The various tax reforms targeting landlords announced by George Osborne last year, and taking effect over the next few years, have sent many of the UK’s landlords on the hunt for ways of protecting their profits. A number of strategies have emerged to keep property investments profitable in the Chancellor’s tough tax reforms. Most particularly, there has been
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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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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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ICO say Social Landlords need to do more to protect tenants’ sensitive data

24 February, 20140 Comments
A recent report by the Information Commissioners Office has found that social landlords need to do more to protect their tenants’ data. Based on the findings from 9 visits and 4 audits of Housing Associations and “Arm’s-length management organisations”, the ICO found that social landlords need to improve their policies and procedures regarding data sharing,
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” Be open about your financial past before embarking on home ownership ” urge Equifax

04 February, 20140 Comments
Leading online credit information provider, Equifax, is urging couples looking to purchase their first home together to reveal any financial commitments they may have kept hidden from each other, before entering a new shared financial agreement such as a mortgage to buy a property. The warning comes as tougher affordability rules are set to be
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