Archive for March, 2009
Turner Review: A cap on income multiples on mortgages is not enough, says Patrick Collinson
The cap on income multiples hinted at in the Turner Review is not enough to halt the property boom-bust cycle
Nearly 12 years after coming to power, Labour’s leaders now recognise unfettered property lending and a free market in mortgage products is simply too dangerous to be left in the hands of banks and building societies. [...]
Mortgage approvals signal change
A rise in mortgage approvals by the major banks for the third month in a row brings some cheer to the housing market.
Abbey in snub to 7,000 solicitors
Abbey has told 7,000 local solicitors it will no longer employ them when it lends mortgages to people buying a home.
MPs ‘dismayed’ over tax credits
The overpayment of tax credits is still continuing at a “dismaying” level, says a report from a committee of MPs.
Building society ‘must not fail’
The audit committee of the Dunfermline Building Society will meet later to sign off this year’s accounts.
Direct debit energy bills slammed
A consumer group has raised fresh concerns over direct debit demands by energy companies ahead of the regulator’s findings.
Turner Review: A cap on income multiples on mortgages is not enough, says Patrick Collinson
The cap on income multiples hinted at in the Turner Review is not enough to halt the property boom-bust cycle
Nearly 12 years after coming to power, Labour’s leaders now recognise unfettered property lending and a free market in mortgage products is simply too dangerous to be left in the hands of banks and building societies. [...]
Letting agents: are they even worse than estate agents?
They milked tenants and landlords for years but now rents are falling, letting agents are after our sympathy. Patrick Collinson is not impressed
Letting agents screwed everybody during the boom years of buy to let. Amateur landlords were stiffed with tenant finder fees equal to 15-20% of a year’s rent. Tenants were loaded with one spurious [...]
What can I do about my husband’s spending on gadgets?
Every week a Guardian cash reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in Saturday’s paper.
This week’s question
My new husband keeps coming home with useless but expensive gadgets which are driving me mad. His latest is a £2,000 model [...]
‘Unfair’ energy bill ban proposed
Energy companies will be banned from charging “unjustified” prices under new rules proposed by the regulator Ofgem.
