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Mortgage Mole: Manifestly poor form


Manifestly poor form

As the London mayoral race hots up, Labour candidate Sadiq Khan is coming under fire for taking campaign donations from a property firm that breaks tenant safety regulations.

Mole thinks this would not be ideal at the best of times, but especially because the Tooting MP has made cracking down on dodgy landlords part of his manifesto, and has even dubbed the mayoral competition a “referendum” on housing.

Marathon effort

With the London Marathon fast approaching, Mole hears from one of his sharp-eyed contacts in the mortgage industry that Investec’s Peter Izard has raised nearly £6,500 in sponsorship for his participation in the hugely popular event. Peter was spotted last week pounding the London pavements in an early-morning training session. Such commitment.

Peter is running the marathon along with Barcadia Media’s James Lucas, Front Events’ James Prosser and Brightstar Financial’s Jeff List. All donations will be gratefully received and can be made here:

Riding high

Never has the property price gulf between north and south been so pronounced as in a story seen by Mole this week about an entire village in Yorkshire that is up for sale for a cool £20m.

West Heslerton has 2,100 acres of land, 43 houses, a mansion, one pub, a petrol station, a church and a school. It has been ‘owned’ by a local family for the past 150 years.

According to the BBC, Cundalls estate agents say they have already received plenty of interest. Mole will count the contents of his piggy-bank…


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Age limits

The credit crunch has put paid to the plentiful supply of lending into retirement products and now older people are facing a rapidly shrinking market as providers cut the maximum age on their standard mortgage ranges 


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