Posts Tagged ‘Mortgage Loan’

Good news for buy to let mortgage holders as FSA extends powers

Thursday, November 26th, 2009

Regulation of the buy to let mortgages sector is to be added to the remit of the Financial Services Authority, in a move announced by the Treasury this week.

The Financial Services Authority is also to regulate third parties who buy mortgages from lenders, to provide additional security to mortgage borrowers.

Recession devastates town centres: 19,000 shop closures this year

Thursday, August 6th, 2009

There were nearly 19,000 retail closures in the towns of England and Wales since the start of the year. Worst hit are Derby, Blackpool and Liverpool, where so-called ‘broken teeth’ (closed retail outlets) now account for 21% of all outlets in town. Town centre vacancy rates in England and Wales have risen to nearly 12%, from 4% a year ago, [...]

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