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Portman residential lending up on last year

Portman last week revealed interim results for 2005 showing residential lending up by 37% on the second half of 2004.

Total assets were up by 7% to £16.5bn in the first half of the year and total profit before tax was a record £39.3m.

Robert Sharpe, chief executive of Portman, says: “I am pleased to report another excellent set of interim results. Following the successful implementation of regulation and despite the fall in the number of housing market transactions, our lending volumes have risen by 37% compared with the final six months of 2004.

“I am confident the group will achieve its profit and capital targets for 2005.”


Trigold ranks 17th in Sunday Times Tech Track 100

Trigold is celebrating 17th place in the Sunday Times Microsoft Tech Track 100 for Britains fastest growing technology companies. The Sunday Times Microsoft Tech Track 100 ranks Britains fastest-growing private technology companies by sales over a two-year period, between 2002 and 2004.Bill Safran, CEO at Trigold, says: I was shocked and delighted that we obtained […]

Revaluation postponed

The government has postponed a Council Tax homes revaluation in England until 2007. David Miliband, minister of communities and local government, says: “We need a clear and complete picture of what we want local government to do before we tackle how it will be funded.”

Study praises planning mix

A study by the Joseph Rowntree Foundation reveals a planned mix of homes for ownership and rent on three estates built more than 20 years ago has helped avoid many of the problems associated with large concentrations of social housing. The research shows that despite having higher than average deprivation, the estates have developed into […]

Prices will double over next 20 years

A report by MINT predicts the average house price will rise 100% in the next 20 years from £163,334 in 2005 to £335,674 in 2025. The report also reveals that the trend toward delayed first marriage and rising divorce rates, which has fuelled significant growth in single person households, will continue over the next two […]


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