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MEX boosts sales operation

Mortgage Express has appointed a head of national sales and 12 managers nationwide.

Claire Ridgewell, who has been with MEX for 12 years, has been appointed to the newly created position of head of national sales.

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Buy-to-let default ratios outperform expectations

Fitch Ratings says default ratios on buy-to-let properties are performing better than expected. Charlotte Eady, associate director in Fitch’s RMBS performance analytics team, adds: “Recent headlines have suggested that buy-to-let properties are experiencing higher default ratios than in previous years and are accounting for a significant proportion of repossessions. However, this contradicts the surveillance data […]

Wages will struggle to rise, says Assetz

Assetz has warned that the rate rise will scare businesses into low wage negotiations in Q1 2007.The property investment company has assumed that the surprise rise is an attempt by the Monetary Policy Committee to curb inflation.Stuart Law, managing director of Assetz, says: The MPC has delivered a warning shot to businesses with this surprising […]

London house prices continue to soar

The Nationwide quarterly house price review has revealed that London house prices have continued to soar into 2007, with the average house costing nearly £270,000.The rise in the capital dwarfs any other national averages, with the national house price average being £172,065, a 9.3% annual change. London has seen a 11.3% rise, bringing the average […]

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