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Diamond Lifestyle to expand into sub-prime

Diamond Lifestyle has unveiled plans to expand into the sub-prime mortgage market this year.

Set up in 2002, the Cambridge-based Right to Buy specialist – which is advertised on television by actor Geoffrey Hughes (Onslow in Keeping Up Appearances) – last week became a quoted company on the Alternative Investment Market.

Alan Kempson, chief executive of Diamond, says: “The sub-prime market offers great opportunities and the en-larged group is in a good position to benefit from that.”


This will be a good year for B2L brokers

Council of Mortgage Lenders statistics show buy-to-let mortgages continued to thrive in 2006. Social factors such as the growing tendency towards single-person households, the increase in immigration and the difficulties of first-time buyers have all led to a sustained need for rental properties. So the demand for buy-to-let mortgages in 2006 was substantial.

Green joins Advantage

Sara Green has joined Advantage as divisional sales manager to manage and develop packager business in southern England. She will report to business development director Jeremy Duncombe.

Housing market cools off in December, says RICS

The rate of house price inflation has dropped off after Novembers rise in interest rates, latest research reveals.A week after the Bank of England raised the base rate to 5.25% and on the same day inflation hits 3%, the Royal Institution of Chartered Surveyors says its found that while house prices rose for the fourteenth […]

Seasonal slowdown “minimal” says Assetz

Assetz says 2006’s seasonal slowdown in the housing market was minimal despite rising interest rates.Its figures show the average rate of growth in December was 9.8% annually, up from 9.6% in November. Christmas 2006 saw a minimal drop in the price of the average UK home of just 282. The annual rate of growth continued […]


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