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Woolwich reveals living in a lane costs 50,000

New research from Woolwich reveals home owners pay a premium for living in quintessential English lanes.

A three bedroom semi-detached house located in a Lane is worth on average almost 50,000 more than an equivalent house on a ‘Drive’.

The results show a clear victory for ‘Lane’ with an average price of
215,000, almost 17% higher than the average three bed semi, at
184,000. Addresses ending with ‘Gardens’ come in second with homes costing an average of 211,000 just ahead of the more common ‘Road’ at 196,000.

The cheapest houses can be found on ‘Drive’, which comes in at just 165,000.


Cheval expects bridging loans rush before A-Day

In the run-up to A-Day, April 5 2006, bridging finance lender Cheval says it expects a rush of borrowers looking to take advantage of the old pension rules for self invested pension plans.

Pre-Budget 2005: Top three banks and societies back shared equity scheme

The UK’s three biggest building societies and banks have backed the government’s shared equity schemes.Gordon Brown has also revealed that the top four UK building firms are involved involved and the Government is in discussions with a number of investment companies to provide backing for the scheme. It is also looking at a possible role […]

C&G reveals plans to create intermediary sales force

Cheltenham & Gloucester has revealed it plans to overhaul its branch-led approach to intermediaries and create an intermediary sales force. The announcement comes two weeks after Mortgage Strategy exclusively reported rumours that Lloyds TSB was considering turning C&G into an intermediary only brand. As part of the approach, C&G will deploy sales managers around the […]

CML criticises the Turner Report

The Council of Mortgage Lenders has criticised the Turner Report for not giving enough attention to equity release as a possible solution to the pension crisis.


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