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Mortgage brokers predict house price rise

Almost two thirds of brokers expect house prices to rise this year, according to a survey by UCB Home Loans.
The survey of nearly 1500 mortgage brokers conducted in January shows 31 per cent expect them to remain broadly the same as in 2005, and only four per cent think they will fall.
According to the survey 52 per cent expect more buyers to enter the market in 2006, whilst 32 per cent think the number of homebuyers will be roughly the same as last year and 16 per cent think there will be fewer.
The picture for interest rates indicates expectations of stable or falling rates, with 43 per cent thinking they will fall over the year, 48 per cent seeing them remaining stable and nine per cent thinking they will rise.


Lords rule against KPMG in deficit case

KPMG must meet its 60m pension deficit after its attempts to overturn a High Court ruling on the nature of its pension scheme were thrown out by the House of Lords. The Lords upheld the ruling that KPMG’s pre-2000 pension scheme was defined-benefit, not money-purchase, so the accountancy firm could not cut pensions in payment […]

Regulator says it is sticking to principle plan

The FSA has pledged to con-tinue its move to principle-based regulation and focus on improving staff training. In its business plan for 2006/07, chief executive John Tiner says the FSA recognises that many firms prefer the clarity of a rule-based approach. But he says the regulator will press ahead with plans to reduce prescriptive rules […]

Threesixty signs deal with eConveyancer

Support service provider Threesixty services has signed a deal with eConveyancer giving its mortgage broker clients access to the system.The service will allow Threesixtys clients to select and appoint conveyancers, assess the cost of cases and then monitor their progress online. IFAs can give their clients access to the access to the system through their […]


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