This follows the loss of 260 jobs last October and the closure of specialist subsidiary High Street Home Loans.
Conservative Shadow Chancellor George Osborne has called for a broader collateral swap programme to combat the credit crunch.
An 18-month investigation by fraud squad officers in Scotland uncovered a massive mortgage fraud against banks and building societies.
The Hunt review of the Financial Ombudsman Service does not go far enough. It is right to call for a clampdown on claim- chasers when they pursue vexatious claims but this needs to apply to the public as well.
Gross mortgage lending has increased by 5 per cent to £26.3bn in March, according to the Council of Mortgage Lenders.
Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
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