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House prices continue to rise in London – Hometrack

House prices rose by 0.4 per cent in London in November, up from October&#39s rise of 0.3 per cent according to Hometrack.

Prices fell in two boroughs, rose in 24 and remained the same in seven. The highest price rises were in Waltham Forest (1.5 per cent), Bromley (1.4 per cent), Enfield (1.4 per cent), Lambeth (1.2 per cent) and Islington (1.1 per cent). Price falls were seen in Bexley (-0.3 per cent) and Brent (-0.1 per cent).

Hometrack housing economist John Wrigleworth says: “Over the past twelve months, London has performed worse than the country as a whole – prices have fallen on average by 1.5 per cent. In spite of the top end of the market suffering badly in terms of price falls over the past year, the market is looking increasingly positive and price rises are now widespread across the capital.”


Millfield in estate agent tie-up

Millfield Group is signing a deal with London-based estate agent Chesterton Residential to offer independent advice to its clients. The strategic alliance will see clients from Chesterton&#39s 17 London offices given access to Millfield&#39s 280 mortgage advisers. Millfield chief executive Paul Tebbutt says: “We are delighted that Chestertons has chosen to work with Millfield on […]

Pensions tsar Turner says with-profits is what consumers need

Pensions tsar Adair Turner has thrown his weight behind with-profits, arguing that smoothing can give investors the long-term benefits of equity investment while limiting risk. The head of the Government&#39s compulsion commission told the National Association of Pension Funds annual conference last week that both occupational schemes and insured schemes were shifting intolerable levels of […]

Swiss Life scraps deal with Unum after OFT move

Swiss Life&#39s deal to offload its UK employee benefits business to Unum Provident has been abandoned following the decision by the Office of Fair Trading to refer the deal to the Competition Commission. Swiss Life says it is not going ahead with the deal, which was announced last August. However, it says it is still […]

UBS Global Asset Management – UBS Global Emerging Markets Fund

Type: Oeic Aim: Growth by investing in emerging markets Minimum investment: Lump sum £1,000, monthly £50 Investment split: 49.6% Pacific, 10.1% Europe, 9.8% South America, 9% North America, 7.7% South Africa, 7.4% Asia, 2.5% China, 3.7% cash Isa link: Yes Pep transfer: Yes Charges: Initial 4%, annual 1.5% Commission: Initial 3%, renewal 0,5% Tel: 0800 […]


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