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Housing frenzy continues

Capital Fortune indicated yesterday that the housing frenzy in Britain appears to continue with borrowers racking up an additional £10bn of borrowing last month compared to the previous month.

This was echoed by the Bank of England when it announced that lending secured on dwellings rose by £9.808bn the highest since September 2003 when house prices were rising at double-digit rates.

At a meeting of local business leaders in central London Rob Killeen, founder of Capital Fortune said that approvals for future purchases rose to 128,000 last month, the highest since December 2003, and suggested that despite the recent raise in interest rates, for the second time in 3 months, the latest revival in house prices appears to have some way to go.


A&L targets professional landlords

Alliance & Leicester Commercial has launched a wholesale buy-to-let product aimed at professional landlords with larger portfolios of predominantly residential investment properties. The launch follows the bank’s move into the retail buy-to-let market earlier this year, A&L plan to develop a specialist commercial property lending business encompassing both the commercial and residential investment markets.A&L Commercial […]

Details of property sales online

Househunters now have unlimited access to details of properties that have been sold across the UK in the past 12 months when searching for a property on Consumers can make comparative price checks using the official Land Registry sold figures to ensure a house is correctly valued.

The rising costs of raising children

Those of us with kids know the joys and frustrations that raising children can bring. Those who haven’t been down this road as yet – and those who can’t imagine anything worse – may have smugly read the recent findings from Liverpool Victoria regarding the huge costs this journey can bring.

Survey shows brokers want client arrears data

Accord Mortgages has released results from its broker survey showing that 85% of brokers want to receive client arrears statements from lenders.In September it was revealed in Mortgage Strategy that the lender was investing research into a service that will help brokers retain clients by providing them with copies of mortgage statements when clients fall […]

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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