Clean-up Act

Article Abstract:

Stricter regulation of the UK's financial sector has reduced the scope for money laundering, and those involved in this practice are therefore focusing on new areas where money laundering could be successfully undertaken, particularly the property sector and arts and antiques. Financial advisers to the property industry should be aware that under the terms of the 1993 Criminal Justice Act they are obliged to report any suspected case of money laundering. A 1994 survey indicates that property industry professionals have only a limited understanding of their responsibilities in this area.

Money laundering

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Speculating about lending

Article Abstract:

The 59 banks and financial institutions questioned by Chesterton Financial in for 1995 property lending survey predict an average 60 million pounds sterling increase in their loan book in 1995, with two-thirds expecting their loan book to grow. The average loan book is now 340 million pounds sterling, from 322 million pounds sterling at the beginning of 1994. Lenders are still focusing on cash-producing investment property.

Forecasts and trends, Loans

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Landlords run risk of provoking legislation

Article Abstract:

The UK government has indicated that it would be willing to introduce regulatory measures against upward-only rent reviews. So far, voluntary solution have not proved successful.

Column, Landlord and tenant, Landlord-tenant relations

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