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Imla calling for Brown to intervene on seller packs

Home seller&#39s packs could disrupt the property market with no consumer benefit, according to the Intermediary Mortgage Lenders&#39 Association.

It accuses the Department of the Environment, Transport and the Regions of forcing through legislation for the packs despite industry scepticism.

It wants Chancellor Gordon Brown to investigate and override the DETR over the packs, which it says could suffocate the housing market due to the cost and lengthy process.

The packs will cost up to £163.700 when they become mandatory in January 2003, which could reduce the number of potential sellers.

Imla chairman John Heron says: “Gordon Brown should do more to look at the significant market disruption seller&#39s packs could cause, as this is a market-wide change which has little or no consumer benefit.”


Building society advances up

Building society gross advances increased by 2.6 per cent to £1.93bn in February from £1.88bn in January, although net advances fell 4.5 per cent to £685m from £717m.Approvals of loans agreed but not yet made rose 28.5 per cent to £2.3bn in February from £1.8bn in January.In the savings market, new money attracted by building […]

IFAP enlarges media directory

IFA Promotion has published a second edition of its press services directory which gives media information on UK IFAs. IFAP claims the guide helps generate publicity for IFAs, which builds respect among existing clients and attracts new customers for IFAs listed. The new edition gives information on 105 IFAs, up by 40 per cent on […]

The Occupational Pensions…

The Occupational Pensions Regulatory Authority is launching a facility on its website to help employers find out if they need to set up a stakeholder scheme. At the website, employers can find out if they are exempt from having to offer staff access to a stakeholder pension. The website asks employers a series of […]

Lost in space

It is Boxing Day. You are with a large group of family and friends. Someone suggests there is plenty of time for a good walk before you adjourn to the pub. You strike off confidently into a wood. Several of you have been there before and you all know where you are going. There is […]

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]


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