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Yorkshire appointment

Yorkshire has appointed Richard Davey as non-executive director.

Davey was head of investment banking at Rothschild & Sons for 10 years until his retirement in 1999. He has extensive experience of the financial services sector having run Rothschild’s Financial Services Group, working with a number of high street banks and insurers. Davey previously served as a non-executive director on the boards of Freeserve and Scottish Widows Life Assurance.

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Countrywide house manuals

Countrywide and Haynes Publishing have released two manuals to assist estate agents in gaining technical knowledge of classical house types.Ian Rock. Author of the books, says: One thing you notice with agents at the upper end of the market is their knack of dropping subtle references to architecture or period house construction into the sales […]

Lending Strategy to be launched next year

Centaur Communications, publisher of Mortgage Strategy, is delighted to announce the appointment of John Murray as editor of a new publication for the lending industry. Lending Strategy is a monthly publication launching in the new year. Publisher Patrick Ponsford says: “It is vital with any launch to appoint an editor with credibility and respect in […]

Fees slashed

Nationwide has slashed the reservation fee on its five and 10-year fixed rate mortgages. The fees dropped from 389 to 199 to encourage home owners to fix their payments for longer.

Market Watch

It was a mixed week for swap rates. Initially they fell significantly but then edged back up. One-year money is down 0.04% at 4.50% Two-year money is down 0.01% at 4.48% Three-year money is up 0.01% at 4.53% Five-year money is up 0.01% at 4.57% Last week was a busy one for rate changes, though […]

A funny old year

The past 12 months have been turbulent – just take a look at this chart of the FTSE 100 over the last year. There have been some points which I’m sure would have caused your clients some concern, and possibly even had them looking for an alternative investment with reduced volatility; perhaps without reducing their […]

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