Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
Accord Buy to Let will cut rates on its buy-to-let products by up to 30 basis points today. The rates being trimmed by this margin are: 75 per cent LTV Three-year fixed cut from 3.29 per cent to 2.99 per cent, with an £800 fee and £500 cashback on completion (house purchase only) Five-year fixed […]
Newcastle Intermediaries is introducing a residential three-year fixed product at 1.99 per cent, up to 80 per cent LTV. The fixed rate will run until 31 July 2019, and then Newcastle’s standard variable rate of 5.99 per cent for the rest of the term. A statement from the broker arm of Newcastle Building Society says […]
Rent rises have been curbed by landlords rushing to complete before increased stamp duty rates took effect this month, says Countrywide. The average UK rent rose 3.4 per cent year-on-year to £931 in March, compared with 4.5 per cent in the same month last year. Countrywide estimates that £28bn worth of home sales completed last […]
A former UBS derivatives trader will appeal an FCA ban after the regulator concluded he is not a “fit and proper person”. The FCA wants to prohibit Arif Hussein, former head of UBS’s GBP Rates Desk, from any role in regulated financial services for allowing the bank’s trader submitters to make Libor submissions with the […]