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First profit for Lighthouse

Lighthouse Group has unveiled its first profit in its half-year results to June 30. It made a profit of £112,000 compared with a £142,000 loss in the same period last year. Turnover rose by 36 per cent to £20.5m.

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Government reveals rise in average house prices

House prices rose slightly in July, according to the Department for Communities and Local Government. Average house prices stood at 194,454, up from 191,016 in June. UK annual house price inflation was 6 per cent, up from 5.3 per cent the month before. Annual house price inflation in London was 7.1 per cent in July, […]

Sumus takes over FSAS

Falcon parent company Sumus has bought the network Financial Services Advice and Support Limited for a fee of up to £2m. FSAS is based in Dunfermline and has over 160 IFAs and mortgage advisers operating within 54 active appointed representative businesses. The network has 60,000 clients, with around £700m assets under advice and an estimated […]

Reits of passage

Campaign chairman Patrick Sumner is spreading the word on Reits and is confident IFAs will take up the products

Ex-Bankhall duo set up Alliance with threesixty

Former Bankhall pair Mike Buckley and Gordon Covell’s new mortgage support ser-vices company Active Lending Solutions has signed an alliance with Bankhall rival three-sixty, with the aim of taking on Bankhall’s Premier Mortgage Service. Active will provide three-sixty’s members with access to its mortgage club, lending and packaging while the IFA support services firm will […]

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