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HML signs five-year agreement with Kensington

HML has signed a new five-year deal to service Kensignton’s mortgage portfolios.

HML will continue to service the portfolios of Kensington as part of a renewed partnership agreement which was initiated in 1994.

HML chief executive Andrew Jones says: “Kensington is a longstanding and valued strategic client of HML and we have made a significant investment in this relationship to which we are fully committed. We are absolutely delighted to extend it for a further five-year period.”

Kensington head Keith Street says: “HML has been a key supplier to Kensington for a number of years and is an important cog in our operations. It is fantastic news that we will continue to work together to create an even stronger and more collaborative relationship that will allow us to maximise value from the portfolio.”



Internal FSA review finds failings over Libor

The FSA’s internal audit into its handling of the Libor-rigging scandal has found it should have been more “inquiring and challenging” towards banks and must change its culture and processes in response.

A strong FTB showing

The number of first-time buyers in London, Northern Ireland, Wales and London rose to their largest respective annual totals in five years in 2012. In Scotland, the number of first-time buyers rose to the largest annual total in four years, according to data released today by the Council of Mortgage Lenders last week. The number […]

Brightstar hires Andy Jacovou

Brightstar Financial has hired ex-Tiuta head Andy Jacovou as a business consultant for Kit Thompson’s bridging and commercial division. Jacovou, previously the head of new business at short-term lending Tiuta, also has previous experience at UX Mortgages and Abbey for Intermediaries. Bridging Financial director Kit Thompson says: “We are delighted to welcome someone of Andy’s […]

130k homes have been sold at a loss since 2007

Over 130,000 families have sold their home at a loss since 2007, representing 41 per cent of transactions in England and Wales, according to research compiled by Castle Trust. The firm analysed Government figures on UK housing transactions made between January 2007 and January 2013 and found that 131,442 were sold at a loss, with […]

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


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