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&#39Ideal time to enter lettings market&#39

Letting agent Ironsides believes there is a wealth of opportunities available to private investors in the London property market.

It claims central London is experiencing a shortage of rental properties in every price range and now is an ideal time for investors to enter the market.

Proprietor Jacqueline Ironside says while there is no lack of purpose-built investment properties, there is a shortage of quality properties with character and space. She believes investors stand to gain solid returns from property conversions.

She says yields remain solid at around 8 per cent and capital appreciation is good. But she warns that talk of a lettings boom is premature because the market has not yet fully recovered from the lettings recession of the last two years.

She says landlords must be made aware that corporate tenants, which make up the majority of renters in central London, will not pay inflated rents. If they feel prices are increasing too fast, she warns they will move out to the commuter belt.

Ironside says: “As the lettings recovery is from such a low base, talk of a boom is misleading although there is a very clear improvement.”


Guide to help firms on legal issues

Compliance advisory service Janada has published a guide to help smaller financial services companies ensure they are up to speed on regulatory and legal matters.The Regulatory Health Check is aimed at both traditional companies, ranging from IFAs to small life companies, and companies embracing e-commerce strategies.Janada says the guide provides an effective check for those […]

Newton Fund Managers introduces European high yield bond fund

The fund is aimed at investors who need a high level of income and want to invest in Europe. It will invest in a portfolio of corporate bonds placed on the market by companies all over Europe, as well as a small number of UK companies.Although this fund promises a high yield of 9.46 per […]

Lambeth loan for first-time buyers

Lambeth Building Society is offering a discount mortgage for first-time buyers which pays 0.2 per cent commission to IFAs based on the mortgage advance.Mortgages of up to 95 per cent loan to value are available and there is no mortgage indemnity guarantee. Valuation and application fees are refunded on completion of the mortgage.The initial interest […]

&#39LTC plans could save the homes of 40,000&#39

IFAs could save the homes of 40,000 people every year just by advising their clients about the benefits of long-term care, according to new research by PPP Lifetime Care.The research follows a Government report last month which proposed that it will meet the first £18,000 of LTC costs but after that the individual will have […]

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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