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Kensington share price drops

Kensington Group’s share price dropped to 463p late last Friday, following Investec making an acquisition offer for the company two weeks ago. The Investec offer values Kensington share at 519.5p each and the lender’s overall value at about £283m.

Abbey joins 100% lending arena

Abbey will enter the high LTV lending arena later this week with the launch of a 100% product. But Melanie Bien, director at Savills Private Finance, says: “This product isn’t revolutionary and the rates aren’t brilliant but it will be welcomed by struggling first-time buyers.”

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Owners reluctant to switch deals

The average home owner would not switch mortgage deals unless they could save 113 a month, research by Sesame reveals.And more than a quarter of home owners say they would struggle to meet their mortgage payments if interest rates were to rise by another 0.25%.More than one in 10 respondents to Sesame’s survey say they […]

Review tax laws, says NLA

The National Landlords Association is urging the government to review taxation in the private rented sector following reports that Revenue & Customs is targeting 80,000 buy-to-let landlords who may have claimed too much tax relief. The NLA says that because the government department al-ready has the rental sector in its sights and given its importance […]

Kirwan scores head of protection job at the ABI

Mortgage Strategy columnist Nick Kirwan is to take over from Richard Walsh as head of health and protection insurance at the Association of British Insurers.Walsh will be leaving the role at the end of June. Kirwan, who is currently chairman of the ABI’s protection committee, will take over the position on a six month consultancy […]

Advantage appoints operations manager

Advantage has appointed Samantha Shamim as its new operations manager. Shamim’s particular focus will be on packager business operations. In this role, Shamim will report to new director of originations, Tracy Stokes.She joins Advantage with over 15 years’ experience in the mortgage industry and previously worked at LMS as operations and development manager, responsible for […]

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