Government concerned by estate agent 'double charges'
The Government has told ITV News it is "concerned" about the emerging practice of what it calls "double charging" by estate agents.
The Government has told ITV News it is "concerned" about the emerging practice of what it calls "double charging" by estate agents.
The chief executive of Britain's largest house builder has urged the Bank of England not to restrict lending because it would hit "young people who are trying to get onto the housing ladder".
Mark Clare, chief executive of Barratt Developments, told ITV News he was concerned that limiting mortgage availability would force young people back into rented accommodation.
His comments came after interest rates were today kept at 0.5% despite growing calls for the Bank of England to act after housing prices jumped 9% in the last year.
The UK's Property Ombudsman is warning about a growing number of estate agents charging not just sellers - but also those purchasing homes.
Barratt boss says limiting mortgages would hit the young hardest while decades of under investment has pushed up the price of housing.
An ITV News poll has revealed nearly 60 percent of people in Britain believe rising house prices are bad for the country.