OFT Warns Estate Agents Of Strict New Policies And Fines

October 6, 2010

The Office of Fair Trading (OFT) has published its interim policy on imposing financial penalties on estate agents and certain credit lenders who have failed to register under its money laundering registration scheme but continue to carry on a supervised activity.

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New skyscraper planned for London’s skyline

October 6, 2010

London’s skyline could be set to change once again if a major developer’s plans to build a new skyscraper go ahead.

Land Securities is said to be in talks with Songbird’s Canary Wharf Group (CWG) over a possible deal, according to reports from Reuters.

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Lloyds puts £100m worth of HBOS property up for sale

October 6, 2010

Over 700 luxury rental properties across the UK could be up for sale as Lloyds Banking Group disposes assets inherited from the Bank of Scotland.

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Funding secured for £50 million commercial property scheme

October 6, 2010

A major property development has been given the green light to continue after it secured vital funding from Santander Corporate Banking.

Halifax's Broad Street Plaza Development in Yorkshire is worth £50 million and is already 70 per cent pre-let, according to the Yorkshire Post.

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Broker banned and fined over £250k for paying kickbacks

October 6, 2010

The Financial Services Authority (FSA) has fined a broker £252,239 for acting without integrity.

Fabio Massimo De Biase, a former cash equities broker, was slapped with the £252,239 and also banned from working in the financial services industry on the grounds that he is not a fit and proper...

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Attempted mortgage fraud up by over a third on last year

October 6, 2010

New data released by the Experian Fraud Index shows a surge in fraudulent applications across the financial services, in what the credit specialist describes as "the evolving nature of fraud threatening the UK’s financial services sector".

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Surveyor brands Nationwide London property findings ‘meaningless’

July 26, 2010

A chartered surveyor and member of the Royal Institution of Chartered Surveyors has questioned the importance of the findings from a Nationwide report released last Friday.

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£3.7m of compensation secured for victims | West One Loans

July 26, 2010

The Financial Services Authority (FSA) has secured £3.717 million in compensation for investors in an unauthorised collective investment scheme operated by Upton & Co. Accountants Limited.

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Mortgage Rescue Scheme latest victim of Government spending cuts

July 26, 2010

A scheme brought in at the beginning of 2009 to help homeowners facing repossession has had its funding cut under the new coalition government.

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