Financial Conduct Authority
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Rental market
OFFICIAL: Millions still struggling financially but position ‘improving’
The Financial Conduct Authority has found that found 7.4 million people were struggling to pay bills and credit repayments in January, down from 10.9 million in January 2023.
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Regulation & Law
Mortgage adviser duo sentenced over £3m fraud
Larry Barreto and Tassib Hussain have been given suspended prison sentences after they worked together to falsify evidence for mortgage applications.
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Latest property news
FCA moves to make leaseholder block insurance fairer
A review of the multi-occupancy buildings insurance market found that leasehold buildings insurance premiums have risen since the Grenfell tragedy.
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Latest property news
Client account banking tool for agents launched
Boss Garrett Foxon of LettsPay says he has been working with the Department of Levelling Up, Housing and Communities to ensure new system is compliant.
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Latest property news
Crackdown on insurance commissions could ‘devastate managing agents’
Property litigator Richard Glover warns agents could face disqualification from both the FCA and RICS for taking ‘secret commissions’.
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Latest property news
Cryptoassets rulings are a welcome concern for agents
First AML’s revenue chief Bion Behdin says new rules for regulating crypto and marketing cryptoassets can provide lessons for estate agents.
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Latest property news
Repossessions rise 50% in first quarter with big rise in buy-to-let
Some 750 homeowner mortgaged properties were taken into possession in the first quarter of 2023 and 410 buy-to-let mortgaged properties were taken into possession.
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Latest property news
Official warning given to estate agency mortgage advisers
FCA says some estate agencies offering financial advice were still wide of the mark when implementing its incoming Consumer Duty plans.
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Latest property news
Mortgage payment shortfalls hit hundreds of thousands
More than 770,000 households are at risk of falling behind with their mortgages, the financial regulator reveals.
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Regulation & Law
Here’s how agents can help avoid another ARPM-style collapse
Letting agents and property managers should retain visibility and control directly over client and customer monies.
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