Investment

Landlord profits of £6,500 pa possible, despite tax squeeze

Landlords could see a net profit of £265,000 over 25-years on a typical buy-to-let property, despite the recent tax squeeze, according to new figures from Kent Reliance. The calculations by the specialist lender shows that long-term property investment is set to deliver significant returns for landlords, despite a raft of tax and regulatory changes. Their […]

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Sirius hires Turton to run new Manchester brokerage

Sirius Property Finance is expanding its operations in the north of England with a new Manchester office. The company has appointed Adele Turton (pictured above) to run this brokerage, which will specialise in high net worth and corporate property finance transactions.   Turton was previously the owner and managing director of Plan A Commercial and […]

More 2 Life hires director of funding and product development

Equity Release lender More 2 Life has hired Roland Steere as director of funding and product development. Steere (pictured) has more than 15 years experience in the financial services sector and most recently held a senior derivatives structuring role at Santander Global Banking and Markets, where he specialised in developing solutions for pension funds and life […]

Buy to let, landlord

More than half of landlords looking to diversify: OSB

Houses of multiple occupation are becoming of increased interest to landlords looking to diversify their portfolios, research from OneSavings Bank has found. More than half of brokers (51 per cent) in the UK have been approached by landlords looking to diversify their portfolios in the last six months, the specialist lender reveals, while 56 per […]

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SimplyBiz completes listing at 170p per share

Support service provider SimplyBiz has completed its listing on the London Stock Exchange. SimplyBiz Group, which includes mortgage arm SimplyBiz Mortgages, issued its entire share capital to the Aim market at 8am today. With a placing price of 170p per share, the firm has achieved a market capitalisation of around £130m. As of 8.20am, the […]

Bricks building housing construction
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L&G in £605m takeover of housebuilder Cala

Legal & General has agreed to a £605m takeover of the luxury housebuilder Cala, of which it already owned a minority stake. The investment arm of the financial services giant, L&G Capital, has agreed to pay around £315m to acquire the remaining 52 per cent of Cala. This values the company at upwards of £600m. […]