View more on these topics

CML predicts housing market trends and interest rates

Speaking at the Mortgage Business Expo in Manchester today, the Council of Mortgage Lenders senior economist Jennet Vass said she expects interest rates to rise to five and a half per cent by the end of the year.

Vass said the predicted rises would cause a gentle slowdown in the housing market and the CML expected house price percentage increases to be in double figures by the end of the year. She added that she did not think the market was in a “boom-bust” situation at the moment.


Aegon merges five IFAs

Aegon UK is bringing together its five wholly-owned IFAs into a single firm called Origen aiming for 5 per cent market share within four years. The move sees familiar IFA names Advisory & Brokerage Services, Wentworth Rose, Aurora Financial Group, Momentum Financial Services and Elliott Bayley merge into a single 200-RI operation. The new brand […]

Colin Snowdon

T he hardest part about setting up a new business is name awareness, believes Freedom Finance managing director Colin Snowdon. In Freedom, he believes he has a proposition which is set to make waves in the sub-prime mortgage industry. Snowdon has been a mainstay of the mortgage industry for almost 20 years and has made […]

Acquisitions start to pay off for New Star

New Star made an operating profit of £10.6m in the year to December 2003 as its acquisition programme began to pay dividends ahead of a planned flotation in the Autumn. The company, which made a loss of £9.2m in 2002, saw turnover more than double to £45.9m, which it attributes to its recent purchases, organic […]

Holden Meehan keen for B&B to find buyer

Charcol Holden Meehan director Amanda Davidson says the sooner Bradford & Bingley finds a buyer for the IFA the better. Davidson says she is surprised B&B has decided to sell its subsidiaries given that it only acquired Holden Meehan 12 months ago. But she admits the company was never part of B&B&#39s core activities and […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment