Bradford and Bingley mortgage assets to be sold

The government announced yesterday that they have started the process selling ¬£15.7bn worth of Bradford and Bingley mortgage assets. The sale of further mortgage assets that government holds from Bradford and Bingley has been launched by UK Asset Resolution Limited (UKAR), the Chancellor¬† confirmed yesterday (25 October 2016). The Chancellor of the Exchequer, Philip Hammond…

Read More

Client Money Protection Scheme Amendment

It is estimated that letting agents currently hold approximately ¬£2.7 billion in client funds on behalf of renters and landlords, this can be for a for a range of reasons, including deposits, rental payments, and money for repairs. If the letting agent is not part of a Client Money Protection scheme (CMP) clients could possibly…

Read More