Category Archives: Uncategorized

Abandoned living room

Five tips for a smooth tenant check out

Whether you’re saying goodbye to your new best friend or celebrating seeing the back of a troublesome rogue, you should always oversee the tenant check out professionally. You need to ascertain whether the property is in an acceptable state and, if not, how much of the deposit should be kept. If you produced a thorough inventory at the start of the tenancy then the check out should be fairly straightforward. Continue reading

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Crooked mortgage broker jailed

58 year old Nicholas Pomroy was jailed for his part in a £30m scam, which saw victims lose their homes and Reading-based Wilmett Solicitors go bust, with the loss of 70 jobs.

It was revealed that Pomroy processed false mortgage applications in the scam. The gang, which included an airline pilot and a lawyer, plotted to rake in more than £30m by taking out several fake mortgages on strangers’ homes. Continue reading

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Bank of England requests mortgage powers

 

The Bank of England has asked the government to grant it new powers to control mortgage lending.

The Bank wants powers to restrict the size of loans on both residential and buy-to-let mortgages. It has frequently commented on the danger that spiralling household debt, specifically on mortgage repayments people can’t afford, poses to economic stability. Continue reading