FSA bans broker for mortgage fraud
The Financial Services Authority (FSA) has published a Final Notice banning mortgage broker Leo Kusi-Appiah, who was recently jailed after pleading guilty at St Albans Crown Court to obtaining property by deception in connection with mortgage fraud.
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FSA fines broker for advice failings on self-certified mortgagesThe Financial Services Authority (FSA) has fined Nottingham mortgage broking firm Gillen Farrelly Independent Advisers Limited (“Gillen Farrellyâ€) £17,500 for failing to ensure it provided suitable advice which exposed over 80 customers to the risk of being sold an unsuitable self-certified mortgage.
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FSA bans Liverpool mortgage adviserThe Financial Services Authority (FSA) has banned John David Cook from giving financial advice and stopped his Liverpool-based firm, Stone Financial Management Limited (SFML), from conducting any further business.
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South East sees largest gain from population movements
The South East experienced the largest net gain from internal migration – immigration less emigration to and from other UK regions – between 1998 and 2007 according to Halifax.
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More than a quarter of a million private empty homes in England
The number of empty private homes in England fell by 9% between 2003 and 2007, according to the latest annual Halifax survey of Empty Homes in England.
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Liverpool house prices have risen by 76%
Research by Halifax Estate Agents shows that house prices in Liverpool have risen by an average of 76% from £79,886 to £140,842 since June 2003 when the city was designated as European Capital of Culture for 2008.
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Derbyshire mortgage broker fined by FSAThe Financial Services Authority (FSA) has fined Derbyshire mortgage broker Approved Financial Solutions Ltd (AFS) £63,000 after finding the firm failed to ensure it gave suitable advice, and did not communicate accurate information about mortgage charges to its customers.
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House prices fell by 0.9% in August, the second consecutive month where a fall has occurred leaving the average house price at £166,507, Nationwide has said.
Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%, the product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
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