Eleven arrests have been made as part of an investigation into mortgage fraud involving 84 newbuild properties in Thamesmead. Alliance & Leicester, Platform and Rooftop have been affected by the case and are helping the police with the investigation.
David “Martin Clunes” Stewart from the Abbey press team (no, not from Eurythmics and, no, I never tire of that joke) got more than he bargained for when his esteemed colleagues in the press office mocked up a birthday card for him from the Dark Side no less. And a birthday belated happy we wish […]
July’s gross mortgage lending reached £21.3bn, 12 per cent higher than the same time last year according to the British Bankers’ Association. The BBA says the strength of lending figure reflects higher levels of remortgaging activity.
StanLib is setting up South African equity and regional African funds and claims that the investment outlook for the continent has never been stronger.The Standard Africa equity fund will invest in up to 16 equity markets across Africa with its initial holdings focused in Egypt, Morocco, Nigeria and Kenya.It will also have the freedom to […]
The fallout from the US sub-prime market is still causing jitters across stockmarkets but mortgage IFAs and brokers want to know what it means for them and their clients.
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]