The Financial Conduct Authority has received almost 5,000 scam reports of people impersonating the regulator in the first six months of 2025. The FCA said it had received 4,465 reports of fake FCA scams to the regulator’s consumer helpline already this year with 480 victims duped into sending money to the fraudster. Almost two-thirds of reports came from people 56 years old or above. According to the City watchdog, fraudsters claimed the FCA recovered funds from a crypto wallet that was opened illegally in a person’s name to get them to hand over funds or sensitive information. Another common method used is to target loan scam victims, who are often very vulnerable, with fraudsters claiming the FCA can help them recover the money they have lost. They are then persuaded to hand over further funds. A separate scam which has emerged involves fraudsters emailing consumers telling them their creditors have taken out a County Court judgment against them and they need to pay the FCA the ...
First Time Buyers with No Income! One of our Top Mortgage Lenders are saying…. Helping the next generation get onto the property ladder is one of the most rewarding aspects of what we do as a lender. In a recent residential case, we did just that. We helped a father support his daughter’s first-time buyer purchase of a £395,000 mid-terrace house in Gloucester using a Joint Borrower Sole Proprietor (JBSP) Background of the client Father (Joint Borrower) Daughter (Sole Proprietor) Employment Semi retired - £62.1k salary Unemployed Pension £48k private, £8.4k state (during the term) N/A Savings £351k in a joint account N/A Current rent/mortgage Mortgage all paid off £520/ month rent (paid by father) Contribution to mortgage Full affordability No current contribution Final Outcome Despite the daughter not currently earning, we were happy with the fathers strong affordability. With a £295,000 gifted deposit, we approved a £100,000 mortgage on a 25-year capital & i...