Investing close to home is key to successful buy-to-let, according to pundits surveyed in this week’s Mortgage Strategy cover feature.Five industry experts give their views on where and how they would invest 100,000 in the property market. Most would prefer to stick close to home so they can keep an eye on their investments. Sally Laker, managing director of Mortgage Intelligence, would invest the money in several properties in Bournemouth, where MI is based. She says: “Bournemouth is an ideal buy-to-let town because it has a variety of colleges, a university, an arts institute and several hospitals in nearby towns.” And Simon Jones, director at Savills Private Finance, says: “I would stick to what I know – the Croydon area.” l See Cover Story, pages 44-48
The Yorkshire has announced the appointment of Richard Davey as non-executive director.Davey has an investment banking background and was head of investment banking at Rothschild & Sons for 10 years until his retirement in 1999.He has extensive experience of the financial services sector having run Rothschilds Financial Services Group working with a number of high […]
New information from the Office of the Deputy Prime Minister provides evidence that the private rented sector continues to grow steadily, with households under 30 responsible in part for this growth.Provisional findings from the Survey of English Housing, due to be published in full in 2006, show that the proportion of households that are privately […]
GMAC-RFC says that over three-quarters of brokers are satisfied with its level of service. A recent survey shows 79% of brokers said the service was above or better than average and 67% reported turnaround times were good or excellent. GMAC-RFC attribute its competitive standards of service with its POSD system, which benefits brokers by freeing […]
Optoma Broker Solutions has extended its service offering through the Trigold system, by offering key features documentation on all of its exclusive products, available for download. Optoma currently has more than 650 exclusive products listed on Trigold. Directly Authorised Intermediaries who submit business to Optoma can receive a free customized Prospector AAA sourcing system paid […]
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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