FCA
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Regulation & Law
Property business duo face FCA prosecution over mortgage fraud
An investigation by the FCA found that Larry Barreto and Tassib Hussein had helped clients apply for a mortgage via bogus paperwork.
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Latest property news
Financial watchdog encourages estate agency staff to ‘turn whistleblower’
FCA has launched whistleblowing campaign aimed at regulated companies including many estate agencies who sell mortgages.
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Latest property news
LATEST: 99% of Countrywide shareholders vote through Connells purchase
Acquisition of the UK's largest estate agency group by rival is now a formality and will take place in six weeks.
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Latest property news
Supreme Court green lights Covid business interruption policy pay-outs
Five judges overrule original High Court judgement in favour of policy holder in test case brought by FCA.
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Latest property news
Go easy on homeowners as repossessions re-start looms, regulator warns lenders
But FCA policy chief also warns those on mortgage holidays that they will see their credit profiles adversely affected in the future.
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Latest property news
Two crowdfunding platforms which raised millions for online agents have merged
Both Crowdcube and Seedrs were used by investors to back the hybrid agency along with many other well-known proptech and online firms.
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Latest property news
Victory (of sorts) for business insurance policyholders after High Court judgement
The FCA, which brought the case, says businesses that have struggled to move forward Covid claims with their insurer now have greater clarity.
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Latest property news
Relief for letting agents over Pooled Client Accounts following breakthrough
The PCAs required by agents to comply with CMP regulations have proved difficult to open because they have been deemed to be higher risk.
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Latest property news
‘Sales and rent-back’ scandal firms thrown out of TPO in March
Two companies facing High Court proceeding and freezing orders were reported by TPO to Trading Standards at the start of lockdown, The Neg can reveal.
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Latest property news
Financial regulator takes business interruption insurers to High Court
The Financial Conduct Authority believes that in a small minority of cases insurers should have paid out and wants clauses examined.
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