The body that puts forward the consumer’s point of view in the regulation of financial services has outlined six points to be taken into account by the Financial Services Authority in its Mortgage Market Review (MMR). The Review is aimed at correcting some of the mortgage lending practices that contributed to the financial crisis, and [...]
financial crisis
Stamp duty and land use hamper UK housing market
Having researched global housing markets, the Organisation for Economic Co-operation and Development (OECD) is claiming that badly-designed housing policies played an important role in triggering the recent economic and financial crisis.
The UK is among nine OECD countries showing huge increases in real housing prices (over 90%) between 1980 and 2008, with the rise reflecting income [...]
