Paul Rumbold has resigned as sales and operations director at Cheval Property Finance for personal reasons.Ellis Sher, managing director of Cheval, says: “We wish Paul all the best for the future. We understand his desire to be closer to his family in Manchester and while we are sorry to see him go, we are in a tremendous position to move the company forward. Rumbold says: “I am sorry to be leaving Cheval at such an exciting time in its development and I wish it every success. I want to pursue other opportunities and am looking forward to fresh challenges.”
- Top trends
At the first-time buyer summit held by the Conservative party today, Alliance & Leicester says first-time buyers are the lifeblood of the mortgage market.Stephen Leonard, director of mortgages at Alliance & Leicester, says: As house prices continue to go up and with the increase of existing homeowners buying second homes, more and more young people […]
Halifax has denied claims that the restructuring of retention fees will make annual percentage rates redundant. Jonathon Cornell, technical director at Hamptons Mortgages, says APRs are the white elephant of the mortgage market, and retention schemes, such as the one Halifax recently launched, will spell the end for them. Cornell says: “In a bid to […]
How does the old poem go about keeping your head when all around you are losing theirs? Despite the rise in the base rate the equity release market stands apart from the mainstream and provides more great news for advisers after the recent rate cut by GE Life which saw its rate fall to 5.95% annual. Not bad for a rate fixed for life when the base rate is at 4.75%.
The Competition Commission says lack of competition in the home credit market is the reason that consumers pay high prices for their loans.
Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?
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