Michael Portillo, the former cabinet minister and chief secretary to the Treasury, says the UK was right not to join the euro, citing 13 years of growth as the bedrock of the economy.Writing exclusively in Mortgage Strategy ahead of his address at the Mortgage Summit this week, Portillo says it’s interesting that in a steady state, this country’s interest rates are more than double Europe’s. But he adds: “Some will see that as an argument for joining the euro. I see it the other way round. We may have uncertain economic prospects today but while controlling our own monetary policy we have enjoyed 13 years of continuous growth.” He points out the contrast with Germany which has struggled under the European Central Bank. Portillo will speak at the gala dinner at this week’s Mortgage Summit in Jerez, Spain.
- Top trends
More than half of all brokers believe buy-to-let mortgages should be regulated, while 88% are not expecting to change their regulatory status in the next year according to Mortgage Strategy’s latest online poll. The findings are part of a wide-ranging survey into the specialist lending sector which also looked at which specialist markets brokers think […]
Mortgage Trust, the specialist buy-to-let lender, has launched an exceptional range of products under its MT Select brand. Available exclusively through MT Select packager members, these new products not only boast extremely competitive rates but also assess rental income on 125% of the product rate, providing buy-to-let investors with the option for optimal gearing. The […]
The Dubai Property Report is set to be released this week for investors looking to purchase property in the region.The punlishers claim that the report is the only comprehensive and independent report available on the Dubai property market. It has been published with the support of IFA Hotels & Resorts, the largest investor in Dubais […]
Home of Choice has chosen Trigold as the exclusive system for its network members.Trigold has developed a fully customised version of its Prospector AAA system for Home of Choice that includes branding, panels, proc fees and shares client and product information with Home of Choices client management system.The Home of Choice Partnership is a national […]
Jelf, an independent full-service UK-based brokerage that supports businesses and individuals, has announced its interim results.
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