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Asian property hit by instability

The Global Property Guide says Asia’s residential property markets have performed poorly because despite high rental yields in Indonesia, Thailand and the Philippines, the market’s rise has been limited due to political instability. It warns “the next decade isn’t going to be much fun for investors” in Asia.

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Tories pledge to bring transparency into state spending

The Conservative Party has unveiled a new scheme enabling taxpayers to discover how their tax money is spent by the government.Shadow chancellor George Osborne has announced plans for legislation to bring transparency into state spending by requiring the Treasury to set up and run a special website showing where the government is allocating resources collected […]

Hamptons comment on rate rise

Jonathan Cornell, technical director at Hamptons International Mortgages, says: This was a widely expected decision and no one should be surprised. This latest base rate increase, combined with the August rise should start to put the brakes on house price inflation.The MPC has been very successful over the past couple of years at keeping inflation […]

Capita buys Synaptic Systems

Capita has bought Synaptic Systems, a major provider of research information and software aimed at IFAs and financial product providers, for an undisclosed sum.Synaptics tools, which are already used by more than 10,000 IFAs and many major product providers, allow IFAs to do product research across the financial services marketplace including pensions, life, health, investment, […]

Heritable Bank launches new products

Heritable Bank has launched two new products, one for residential single property development finance and another for short-term mortgage lending.Heritable Bank will allow up to 100% of build or refurbishment costs to be made available. All of the features are subject to a successful demonstration of affordability rather than being based on income multiples.Colin Stevens, […]

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