Ryan Fowler

The regulator wants to consider whether RDR and FAMR have been successful in achieving their objectives and asses what consumers want from the market.

Caroline Wayman, chief ombudsman and chief executive of the Financial Ombudsman Service, said: “It’s not fair to automatically call a customer grossly negligent simply because they have fallen for a scam.”

First-time buyer completions were up some 12.5% on Q2 2017 figures representing the highest quarterly level since 2005.

However the number of homemovers and first-time buyers was down during the period by 2.6% and 2.4% respectively. 

Clever Lending has also arranged for several lenders to participate in the Roadshows – specialist lenders Evolution Money and Central Trust, with the latter launching a new buy to let product to coincide with the events.

Rents up 2.4% in 12 months

The figures from the ONS shows that rental prices grew by 2.6% in England, 0.2% in Scotland and were unchanged in Wales.

The annual rate of house price inflation across the 20 cities slowed to 9.5% in July after 12 months of higher growth.

Some 139,030 new homes were completed in the year to June and have continued to build gradually over the last two years, according to the figures from the Department of Local Government and Communities.

Overall 43 million, 78%, would pay more and 62% would spend up to 10% more for their ideal property with those in London, Scotland and Northern Ireland most willing to do so.

The result is a deepening new build crisis in inner London in particular and the lack of interest in new builds is seeing prices fall.