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Father Fred

More On Foxtons...

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"Foxtons faces big fines in the US

03/04/2006 11:00 (Estates Gazette)

Foxtons' American business is facing legal action from regulators, which could lead to it paying millions of dollars in damages and costs.

The New Jersey Department of Banking and Insurance (NJDBI) is investigating Foxtons' North American mortgage brokerage, Foxtons Financial Inc, which allegly failed to disclose mortgage application fees to borrowers.

Foxtons says that if it loses the case, there "will be a cost of $2.8m (£1.6m) in addition to the suspension or revocation of the mortgage broker licence"."

Out of interest I was looking through the windos of one of their london branches on Saturday and it was very quiet... just a couple of miserable looking staff and a receptionist. A nearby estate agent said Foxtons were scaling back (not that that is necessarily the truth). He also said it was great having them a few doors down because generally they brought homebuyers into the area, and they went to him when they'd had enough of Foxtons!

FF

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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