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Homeowners face negative equity for next four years

Thousands of homeowners who bought during the housing boom could be trapped in negative equity until 2014, warns the National Housing Federation.

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Cash deals urged to change Nimby views

Cash incentives should be offered to people to prevent Nimbyism from standing in the way of housebuilding projects, according to Policy Exchange. The thinktank says the current system where councils decide whether projects get the go-ahead means vocal minorities of residents with a not-in-my-back-yard attitude can block plans too easily. Policy Exchange argues that if […]

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FSA fines broker £31k for mortgage fraud failings

The FSA has fined one mortgage broker £31,500 and banned another for reckless business practices which allowed false and misleading mortgage applications to be made to lenders. Ngozika Louise Ogboru who ran J N Finance (UK) Limited, a mortgage broking firm based in Harrow, has been banned from carrying out any regulated activity. Ronald Winton […]

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FSA fines IFA over platform advice

The FSA has fined Moneywise IFA £19,600 over compliance failings relating to the investment advice it gave to clients using platforms and discretionary portfolios. Moneywise IFA was referred to the FSA’s enforcement and financial crime division as a result of the regulator’s earlier thematic review on platforms in March. One of the director’s of Moneywise […]

Treasury looks to address advice gap

By Jamie Clark, Business Development Manager, Royal London Hot on the heels of consultations on tax relief and pension transfers and early-exit charges comes a new investigation into the advice gap, and how this can be bridged. Ever since the new pensions freedoms were introduced, concerns have been raised about how people can get access […]

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