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Personal Finance

 
Bringing you the latest Personal Finance news and resources from around the world.
 
Personal Finance
 
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Personal Finance

News.com.au - Housing scheme aims to improve affordability $6000 tax credit to investors who build affordable houses More personal finance news in our Money section A SCHEME to subsidise the construction of 50,000 rental properties during the next four years will ...  Read More

Rental plan to ease mortgage pain

CNBC - LONDON (Thomson Financial) - Wednesday March 5 INTERIMS Sportingbet (Q2) FINALS Balfour Beatty Carillion Colliers CRE Devro Dragon Oil FBD Holdings Fonebak Glanbia IMI International Personal Finance ITV Johnston Press Omega International Group ...  Read More

Forward diary of events - 2

News.com.au - Lottery-style scams most common kind of rip-off People aged 35-44 most likely to report losing money More personal finance news in our Money section ASK most middle-aged men if they consider themselves pretty good with money and chances are most will ...  Read More

Men complain most about rip-offs

News.com.au - Skimmers copy customer information and then produce a clone card Skimming device was at a Bondi Junction ATM More personal finance news in our Money section CANADIAN fraudsters have ripped off National Australia Bank customers who used an ATM in one ...  Read More

Canadian fraudsters target NAB ATM

New Zealand Herald - Branson's Virgin empire encompasses planes, trains, automobiles, space travel, mobile phones and personal finance. The bearded hippie-made-good was knighted in 2000 for services to entrepreneurship. Read More


Nemo Loans
 

 
Personal Finance
 

 
Since October companies have been required to supply customers with an initial disclosure document, which details the services it provides, and a key facts illustration giving personalised information about costs and risks of products. The documents are part of the regulator's drive to improve customer understanding of mortgages.
 
Andy Watson, head of the FSA's mortgages and credit union department, said: "Where we find examples of possible inflation of incomes, we will make further inquiries which may lead to referrals to enforcement."
 
Ben Stafford, director of policy at the AMI, said: "This is a regulated market now and any firms that inflate income or don't put the proper procedures in place could face exposure and action from the FSA. It's fraud at the end of the day."
 
"It is difficult to establish the level of consumer detriment or potential mis-selling as many of the failings related to poor record-keeping and brokers could provide more detail when challenged, but we will be looking for better evidence of compliance with our requirements," said Mr Watson.
 
The Association of Mortgage Intermediaries, the industry trade body that represents sub-prime brokers, called the alleged income exaggeration "extremely
 

 

 

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