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Mortgage Trust valuation rethink

Mortgage Trust now requires that valuation instructions for all new-build flats and conversions are submitted to its surveyors’ department. The department will either undertake an in-house valuation or allocate the instruction to a selected panel company.

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Record New Star profits

New Star saw record profits in the first half of this year but chairman John Duffield warns that markets will be more challenging, at least in the short term.Net UK retail sales leapt by 54 per cent to £1.1bn. Net revenues rose by 39 per cent to £86.5m from £62.3m in the same period last […]

Axa poised for platform

Axa is launching a wrap platform in the first quarter of 2008.The company denies that its entrance into the platform market comes too late, saying the market is still small and the opportunities in the coming years will be massive. Axa expects wrap to be a 250bn market by 2009.Managing director of distribution services Paul […]

Planning now for the residence nil-rate band

Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]

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