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Mortgage Mole: Stonebridge does Tough Mudder

Stonebridge Mudders

I take my hat off to the staff of Stonebridge Group, who managed to raise more than £15,000 for Macmillan Cancer Support and Cancer Research UK last year. Stonebridgers took part in a range of fundraising activities, including donating at the network’s annual conference and taking part in a “mud run” (see photo below). The network raised an impressive £12,590 for Macmillan, with Cancer Research getting £3,800. Stonebridge doubled all staff donations. This year will see Stonebridge renew its drive to raise money for Macmillan, and Stonebridge managing director Richard Adams says he hopes to beat the £15,000 figure by this time next year.



There are obviously many compelling reasons to buy rather than rent, but no reason is as compelling as the sort of flat rental advert Mole saw posted on Gumtree this week. This flat, in London’s leafy Chiswick, is advertised as a “spacious single studio with kitchenette and own shower, pine furniture and double bed”, and all for a reasonable £95 per week. So what’s the catch? Everything is crammed together into one single room with a shower and kitchen right next to a double bed, leaving any unlucky renter without room to swing a cat – or even a Mole. See below if you don’t believe me.




Bridging loan returns outstrip rival investments

Bridging loans gave investors higher annual profits than rival alternative investments such as art and fine wine, according to new research from short-term lender West One Loans. Private investors in short-term loans saw an average annual return of 10.6 per cent in the twelve months to 1 September 2015. Bridging loan investors would have seen […]

Nationwide to cut 95% range by up to 40bps

Nationwide will cut rates on its 95 per cent LTV fixed rate mortgages by up to 40 basis points from tomorrow. Rates for the lender’s two-year fixes will be cut by 35 basis points. From tomorrow it will offer a 3.89 per cent product with a £999 fee and a 4.29 per cent product with no […]


House prices rise 9.5% year-on-year

UK house prices in the fourth quarter of 2015 were 9.5 per cent higher than the same period in 2014, according to Halifax data. Prices for October to December 2015 were 1.6 per cent higher than in the preceding three months. The average UK house now costs £208,286. Halifax housing economist Martin Ellis says that […]


Halifax: 1 in 4 FTBs now choosing 35-year mortgage terms

First-time buyers are increasingly choosing 35-year mortgage terms, according to the annual Halifax First-Time Buyer Review. The review says that 26 per cent of these buyers chose a 35-year mortgage in 2015, up 10 percentage points from 16 per cent in 2007. Meanwhile the proportion of first-time mortgages with a 20- to 25-year term fell […]


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