Investment news – Smaller banks lobby heats up

Brett Alegre-Wood
July 20, 2009

Well, it appears that my shouts and disgust about the creation of large banks and not of small er banks(such as Lloyds Group) that undermine competition are not falling on deaf ears.

Now I don't think for a minute that anyone in power is actually listening to my rants but it appears that I am not alone. Vince Cable and George Osborne are releasing their thoughts today about the issue.

So everyone cross your fingers and hopefully it will produce a much more competitive environment. Oh, by the way if you are in any doubt about the lack of competition then think about margins. Pre-2007 margins on investment property were around 2% including arrangement fees, now margins are around 5-6%. Hmmm, hopefully, you see the benefit of competition in the marketplace.

Competition is one of those things that a free market must have, without it the market moves to an inefficient and unproductive system where innovation lags and the investment property economy stagnates.

In addition to this it looks like the FSA is getting the chop. Well, losing its regulatory capacity and the Bank of England will take over as the regulator.

Sick of your Property agent not responding, or truly managing the changes in the market going on right now then give us a call 01522503717 or www.ezytrac.co.uk.

Live with passion,
Brett Alegre-Wood


Tags


You may also like

Newcastle-under-Lyme Property Investment Schools and Universities: Student Demand Soars while Supply Struggles to Keep Up

Newcastle-under-Lyme Property Investment Schools and Universities: Student Demand Soars while Supply Struggles to Keep Up

NewCastle-under-Lyme Property Investment Shops and Leisure: A Thriving Cultural Hotspot and a Principal Retail and Shopping Destination

NewCastle-under-Lyme Property Investment Shops and Leisure: A Thriving Cultural Hotspot and a Principal Retail and Shopping Destination

Beginner Investor Live Property Webinar Series

How To Buy Great Property Using Our 'Regeneration' Strategy!

Join our resident expert - Dan Varnaseri 

Dan_Varnaseri.Associate-Director-Client-Portfoios

Property Investment... Effortlessly Done For You!

>

Instant Access To Our Properties 

London Property Investment