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Tee-off time

em-financial will be hosting its annual charity golf event on June 27, not July 27 as reported in Mortgage Strategy on May 29.

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London prices rise for eighth month

The average London house price is now more than 250,000 as it rose for the eighth consecutive month, data from haart estate agents reveals. The average price of a property in London rose 1% in May to 250,137, up from 247,730 in April.

Brokers keep their cool despite base rate worry

Brokers have rebuffed claims that confidence in the mortgage market is falling on the back of growing expectations of a rise in the Bank of England base rate. The BoE’s Monetary Policy Committee last week held the base rate at 4.5% for the 10th month in a row, although many experts confidently predict a quarter […]

Concern over Preferred’s online calculator

Preferred has sparked concern over the large amounts its online affordability calculator is offering borrowers. Preferred removed income multiples from its product range last week, calculating loan amounts based solely on affordability criteria. But a source says: “The amounts it shows customers can borrow are quite large, based on relatively small earnings. It’s a bit […]

Lenders warned they face debt recovery challenge

Debt recovery specialist Moore and Blatch has warned that changes in the public attitude to debt may present lenders with fresh challenges in recovering debts. Statistics from the government’s Insolvency Service show that more than 23,000 people became insolvent in England and Wales during the first three months of 2006. This represents a 73% rise […]

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]

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