The Townends Group has rebranded as Badger Holdings after an employee competition to find a new name. The Townends Group, parent company to Townends & Regents estate agents, Dot Financial Services and Tyser Greewood, adopted the name after a short list of five options was presented to the board. The name Badger holds significance in the group as it was the name used by managing director Tony Addinall when he set up his first estate agency business in the 1980s. Addinall says: “The introduction of Badger Holdings as the parent brand marks a step forward in the growth of the company and will allow us to continue the development of the business.“The brand shows a link to the past, whereas the overall look is modern and the accompanying tagline – complete property solutions – indicates the breadth of expertise the company can offer.” Townends has seen significant growth since its launch in 1995 and now comprises an estate agency and lettings and management, land and new homes, surveying, financial service and overseas property facilities.
West Brom for Intermediaries has reduced the standalone rental cover requirement on its buy-to-let product range from 120% to 100%.The standalone calculation specifies that monthly rental must cover 100% of the monthly payment at a notional rate of Bank Base Rate plus 1%, on an interest only basis. Any rental shortfall can be topped-up using […]
Philip Davies, chief executive of Linden Homes, says: “Today’s interest rate rise was widely expected and the majority of homeowners had already priced it in, so I do not expect it to have a significant impact on the housing market. “A further rise in December or January, however, would have a detrimental effect on consumer […]
Edeus has predicted it will be five years before what it calls the “real nasties” in the market are exposed. Alan Cleary, managing director of edeus, warns that the Financial Services Authority’s recent spate of fines was just the tip of the iceberg. He says: “I think it will take about five years before the […]
Hamptons Mortgages unveiled its awards short list last week, with BM Solutions making the grade in eight out of 11 categories. The Hamptons Awards are one of London’s most prestigious lender award ceremonies. This year the event takes place on November 23 at the trendy Vinopolis wine museum on London’s South Bank. Jonathan Cornell, Mortgage […]
The Pensions Regulator (TPR) has issued its first fines to employers for failing to meet their auto-enrolment duties, along with 163 compliance notices giving employers a deadline to take action.
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