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LendInvest appoints former Castle Trust manager as BDM for Northern England

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Online mortgage lender LendInvest has appointed its first business development manager for Northern England.

Damien Druce joins from Castle Trust where he was National Development Manager and was previously head of distribution and development at Crystal Specialist Finance.

He will be based in Greater Manchester and will travel extensively, considering bridging and development loan opportunities between Staffordshire and the Scottish borders.

The appointment is LendInvest’s second official presence outside of London, following the recruitment of Peter McDermid as BDM for Scotland in July.

LendInvest chief commercial officer Matthew Tooth says: “Damien is well known among mortgage brokers in the north of England, making him a fantastic addition to our team who can hit the ground running. Local expertise is critical for a regional BDM, and we are confident that Damien is the man to spearhead our increased profile in the north.”

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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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