View more on these topics moves closer to float

The prospects of price comparison site moved a step closer this week after co-founder Duncan Cameron was bought out for 162 million.

Cameron agreed to sell most of his 47% stake to a company controlled by chief executive and fellow founder Simon Nixon.

The website is thought to want a listing on the London Stock Market which could see it valued at one billion pounds.

More details to follow.


HIPs will cause problems for people wanting to downsize

After the government’s latest U-turn, only houses with four bedrooms or more will require HIPs. Many pundits have latched on to the problem of defining what constitutes a four-bedroom house, but what about the owners of properties that clearly have four bedrooms or above but wish to downsize to three-bedroom houses? These poor souls will […]

PMPA unveils near-prime fix

The Professional Mortgage Packagers Alliance has launched a near-prime two-year fixed rate of 5.79% from Preferred. The product is available for purchase only up to 80% LTV and is fixed until September 1 2009. There is no self-cert loading, no higher lending charge, and an arrangement fee of 1% applies.

Lenders unlikely to play ball with service standard records

In response to Prabjit Singh’s letter (Mortgage Strategy May 21), while I applaud his sentiments, I can see one significant problem with his suggestion that sourcing systems record len-ders’ service standards. Which lenders would provide accurate data for such a proposal? Would they be willing to publicly acknowledge their turnaround times are getting worse? I […]

Planning rules could stall loft conversions

A government planning White Paper has been blasted by the Federation of Master Builders for potentially scuppering two-thirds of planned loft conversions.While presenting the White Paper to Parliament, communities secretary Ruth Kelly said: “There are parts of the system which can be costly, confusing and inaccessible. Our reforms will make it better focussed, fairer, faster […]


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