In 2016, Cormac Weldon expects the economy in the US to favour selected smaller companies in housing, airlines and technology.
The Financial Ombudsman Service has told mortgage lenders in at least two cases to extend interest-only terms indefinitely for older borrowers. The FOS has today published a number of case studies involving complaints made by older borrowers. In one case, a borrower who had taken out an interest-only mortgage on a 25-year term in his […]
The Prudential Regulation Authority has revealed it intends to review the underwriting standards of buy-to-let lenders. The announcement was made today in the most recent Financial Stability Report and comes at a time when there is intense scrutiny of the buy-to-let sector. Not only has Chancellor George Osborne announced a gradual cutting of tax relief […]
The Chancellor’s decision to increase stamp duty for buy-to-let and second home purchases could cause “mayhem” for conveyancers. Last week, George Osborne revealed stamp duty rates for landlords would be 3 percentage points higher than residential purchasers from April. The details are set to be consulted on by the Government. Broker Conveyancing warns that the […]
Mark Graves has left The Right Mortgage & Protection Network for Sesame just one month after joining as joint managing director. Graves, who left Pink in June after three and a half years running the network, joins Sesame as sales director and will report directly to executive chairman John Cowan. Cowan says: “Mark has built […]
Good and growing companies are still to be found, Simon Edelsten, manager of the Artemis Global Select Fund, tells Ross Leckie – even in a world marked by low(er) growth and political uncertainty.