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Call to fund more self-build loans

BuildStore has called for more funding from lenders to help meet demand for self-build mortgages and pull construction workers out of the dole queue.

The self-build specialist says enquiry levels for 2009 show there is a growing demand from frustrated home owners.

BuildStore normally arranges around £500m in self-build mortgages every year but is appealing to mutuals and lenders, including government-backed banks, for more funds to boost the construction industry and provide investment in local communities.

Raymond Connor, chief executive of BuildStore, says: “State-funded banks have an obligation to put money back into the economy.”


Buyer interest gaining momentum, says RICS

Enthusiasm amongst buyers is gaining momentum as new buyer enquiries rise for the fifth consecutive month, the latest data from the Royal Institution of Chartered Surveyors reveals.

Overseas deals could pay off for brokers

Mortgage Brain has launched an overseas mortgage service in partnership with Conti, which will pay brokers 25% commission for each completed case.

It’s counter-intuitive stupid

It’s odd really and it’s probably a bit like we stick with the same high street bank ad infinitum, not because it does everything well but just out of force of habit.I’m thinking of politicians and economists – they cock up all the time but we continue to accept their rationalisations and excuses and even […]

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]


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