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Network Data slashes asking price for Botleys

Network Data has cut the asking price for its headquarters Botleys Mansion by £0.5m.

Knight Frank, the estate agent selling the Chertsey-based property, has changed its guide price to £4.5m, down from its previously advertised £5m.

Richard Griffiths, chief executive of Network Data Holdings, sent appointed representatives an update back in January saying the sale was due to complete at a price of £5m on or before March 20.

Griffiths will not confirm when the sale of mansion is expected but told Mortgage Strategy an offer for it is still there.

A number of names have been linked to the sale of the mansion, including celebrity chefs Gordon Ramsay and Jamie Oliver.

Mortgage Strategy understands an offer was made for the property in September, it is not clear whether this same offer is still on the table or another offer has since been made.


FSA bans firm for dishonesty

The Financial Services Authority is continuing its clampdown on corrupt mortgage companies, banning another firm for dishonest behaviour last week.

London plan faces tough challenges

In one of his first forays into the politically charged world of housing in the capital, London mayor Boris Johnson has presented a multimillion pound plan to deliver 3,000 affordable homes to kick-start his First Steps low-cost home ownership initiative.

Business Lending offers alternative to bad bank strategy

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McQueen takes top mortgage role at Nationwide

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Burnett: what needs to happen for value to start performing again?

Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]


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