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Lowest rental returns seen in London – ARLA

Houses outside central London and the south east provided the highest rental returns at 5.9 per cent in the three months to August, according to the Association of Residential Letting Agents latest quarterly survey. Houses in the south east saw returns of 5.2 per cent while central London saw returns of 4.8 per cent.

Chairman John Crossley says: “This latest survey continues to show buy to let opportunities for the private investor. And it shows clearly that potential investor landlords should consider looking further afield. There is buy to let activity all over the country that should be worth investigating.”

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Life offices still face tough time despite market boost

Rating agency Fitch is warning against complacency and over-confidence in the UK life insurance sector despite the recent lift in equity markets and it is maintaining its negative outlook for the sector.Fitch says there are still “significant challenges and difficulties ahead”, with consolidation meaning that the weaker and “less well positioned” players will continue to […]

Skipton relaunches Stateside mortgage

Skipton Building Society has relaunched its stateside tracker mortgage, which tracks the 3-month US dollar LIBOR rate plus 1.85 per cent for five years. This gives a current rate of 2.99 per cent. The mortgage is available at up to 95 per cent loan to value. It has an early redemption fee of 5 per […]

Just £14m for M&G Fof launch

The M&G Cazenove fund of funds operation, developed to challenge major rivals, has taken less than £15m since its launch in February despite a £1m advertising blitz.The joint venture&#39s portfolios – growth, UK growth, balanced managed and cautious managed – have raised just £14m. Credit Suisse&#39s Fof raised more than £40m in its first eight […]

Brain and Exchange strike up an alliance

Mortgage Brain and The Exchange have formed a strategic alliance which they say brings together the two leading point-of-sale and trading platforms in the life and pension and mortgage markets.The agreement means that The Exchange&#39s 18,000 users will have access to Mortgage Brain&#39s mortgage sourcing and electronic trading service while Mortgage Brain&#39s 18,000 users will […]

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