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Prices rose 100% in past five years

Average house prices have risen 100% in the past five years. Hometrack says, had you invested 100,000 in property five years ago, the average return would be 98.9%. Towns showing the largest increases in the past five years are Llandudno, Plymouth and Doncaster, while those with the smallest rise were Guildford, Reading and St Albans.

Over a 10-year period, the best-performing areas were Truro, Brighton and Dorchester and the worst were Middlesbrough, Hull and Oldham.

Hometrack economist John Wriglesworth says investment in buy-to-let would have reaped a 148% return.


BoE holds interest rate at 4.5%

The Bank of England has voted to keep interest rates on hold at 4.5%The decision by the nine-member Monetary Policy Committee comes after last months cut of a quarter point from 4.75%, the first cut in two years.

First National broadens core first mortgage range

First National, a GE company, has broadened its first mortgage product range with the launch of a new near prime product. It has also improved fixed rates on its core range. The new products, available from September 7, are designed to meet the needs of a broader customer base and ensure that brokers have a […]

FPAG conference promotes best practice

Firms involved in marketing across all forms of media will be coming together at a conference and workshop in early October to launch the Financial Promotions Action Group.The forum will help senior marketers in financial services share best practice within the Financial Services Authoritys financial promotions regulations.One of the key issues in financial marketing is […]

ink Home Loans launches exclusive heavy adverse range

Pink Home loans is launching a heavy adverse exclusive 1% discount product with 500 cashback, in association with Amber Homeloans.The initial pay rates start from 5.33% discounted until October 31, 2006, the products are available for both full status and self-cert applications with unlimited county court judgements and arrears, with 500 cashback payable on completion.David […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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