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Rightmove raises profit forecast

Rightmove has seen a substantial increase in the average spend per advertiser in January 2010, leading it to increase its profit forecast for 2010.

It has also seen the impact from the first increases to agency listing fees and a healthy uptake of new display advertising products.

The board says it is confident that 2010 profits will be above current market expectations, subject to no significant change in market conditions.

It will be announcing its full year results for the twelve months ended 31 December 2009, on Friday 26 February 2010.


Funds drought stunts B2L growth

The lack of mortgage funding is stopping buy-to-let landlords growing their portfolios. A survey by LSL Property Services shows that half of all landlords who would like to expand their portfolios are frustrated by the lack of mortgage finance. LSL owns the country’s largest lettings agent network including national chains Your Move and Reeds Rains. […]

Santander considering UK flotation

Santander is reportedly considering a flotation of its operations in the UK to raise money to fund the Spanish bank’s expansion plans.


Industry comes together to rescue fast-trackdeals

Sesame Bankhall Group, Santander and the Association of Mortgage Intermediaries have all put their weight behind a campaign to get theFinancial Services Authority to re-think its proposal to effectively ban fast-track mortgages. When the regulator published its Mortgage Market Review discussion paper in October it proposed a ban on self-cert and imposing in come verification […]

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


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