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Standard Life Investments stays bullish on office sector

Standard Life Investments says it’s cautious about large parts of the UK property market but has remained positive about the prospects of the office sector.

Alex Watt, managing director of property investment at Standard Life Investments, says the last few months of 2006 heralded a turning point in the UK property market, with property income yields hitting the same levels as gilts following four years of strong double-digit returns.

He says there were some signs that the period of yield concentration had run its course and that several areas of the market now look expensive.

However, he adds: It must be pointed out though that UK property valuations are by no means uniformly worrying. On the same calculation basis, other areas of the UK market remain attractive.

In central London investors can expect to pay a similar level of yield for prime best quality office buildings. Here, the strength of projected double-digit rental growth suggests continued attractive returns for investors.


A&L launches new range

Alliance & Leicester has launched a new range of prime mortgages today.The range includes a two-year base rate tracker at 4.99% and a 0.30% increase in its SVR for new customers.Stephen Leonard, director of mortgages at Alliance & Leicester, says: We continue to present a range of mortgages that offer great choice and value. Our […]

Advice scheme is welcomed

Brokers have welcomed the government’s move to introduce a free financial advice service, saying it is likely to help boost their profits.

CHL raises B2L limit to 5m

CHL Mortgages is continuing its aggressive stance towards the buy-to-let market with the extension of its lending limit to 5m.

Citizens Advice calls for good debt management advice

The Citizens Advice Bureau has warned that the statistics revealed by the British Bank Association only prove further the need for good debt management advice.The BBA revealed record highs in loans and mortgages in 2006, with predictions of further highs in 2007.In 2006, Citizens Advice dealt with 1.4 million debt problems, an increase of 11% […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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