Search


Visa, Visa Delta, Visa Electron, MasterCard, Maestro, Solo

'We had 300,000 taken in payment scam'

Thursday, 9 November 2017  |  Admin

 

'We had £300,000 taken in payment scam'

People who have been conned into authorising their bank to pay a fraudster could find it easier to get compensation, under plans being put together by the regulator.

The Payment Systems Regulator is trying to devise a way to reimburse victims of authorised push payment (APP) scams.

In the first half of this year, 19,000 victims lost £100m to APP scams.

One such, Kate Blakeley, described the "sheer horror" of discovering the loss of almost £300,000 through such a scam.

Ms Blakeley, who was in the process of buying a house with her partner, described her experience. She thought she was transferring money to the right account, but it was in fact one controlled by a fraudster.

"We transferred just under £300,000 on the day and within about three hours, we realised the money had gone missing.

.Click here to read more

Source: BBC Business News http://www.bbc.co.uk/news/business-41897888

 

Latest News
Monday, 4 December 2017  |  Admin
Stamp duty cut

Stamp Duty to be cut for first time buyers

Stamp duty land tax will be scrapped for first time buyers on properties worth £300,000 or less in England, Wales and Northern Ireland. 

Additionally, those buying a first property worth up to £500,000 will only pay stamp duty of the value of the property over the £300,000 limit.

Tuesday, 26 July 2016  |  Admin
Mortgage lending soars in June, says CML

Mortgage lending soars in June, says CML

The amount of money being borrowed by homeowners last month soared to its highest June level for eight years, according to estimates.

Total loan advances reached £20.7bn, the Council of Mortgage Lenders (CML) said. That was 16% higher than the previous month, and 3% more than in the same month last year.

Saturday, 19 March 2016  |  Admin
Higher rates of Stamp Duty changes confirmed

Higher rates of Stamp Duty changes confirmed

In today's budget, the Chancellor, George Osborne, has announced a number of measures which will impact the property industry. The Chancellor confirmed that 3% stamp duty surcharge on the purchase of second homes and buy-to-let properties will go ahead from April 1.