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Rental incomes increase – Paragon Mortgages

Buy to let rental incomes rose 3.30 per cent (£9,354) in August compared to £9,055 in July according to Paragon Mortgages monthly buy to let index. The index also reveals that after two months of modest falls yields have now stabilised at 7.57 per cent as a result of this rise in rental income, despite the fact landlords are now paying over 10 per cent more for a property than 3 months ago and 20 per cent more than a year ago. The average buy to let property now costs the landlord investor £123,498 up from £119,587 in July.

Managing director John Heron says: “This month&#39s strong increase in rents achieved provides evidence of sustained demand from tenants, at what is traditionally a busy time of the year for landlords as students and young renters sort out accommodation. While prices paid by landlords for properties are still rising strongly, the increase in rents has more than matched that rise, to reach the highest level we&#39ve ever seen. This has led to stable yields.”


Standards are set out for financial skills framework

The National Learning and Skills Council and the Skills Council for financial services have released a new standards framework for financial services in a bid to develop work-based qualifications among financial advisers.The move comes as an attempt to take forward the exam review, which has been handed over to the Skills Council from the FSA.The […]

Dick Turpin

W hen your name instantly conjures up images of pistol-wielding men in masks, a career spent trying to persuade people to part with their money – voluntarily, that is – seems somehow apposite.But that it not to say that Artemis managing director Dick Turpin, one of the City&#39s most affable slickers, indulges in a secret […]

Confidence in housing market defies speculation – Woolwich

Confidence in the housing market has remained steady over the last three months according to the Woolwich&#39s latest figures. UK gross mortgage lending rose to £24bn for August 2003 up 16 per cent year on year from £20.7bn in August 2002.

Hurst sets up PR firm for the mortgage market

Former Future Mortgages communications manager Richard Hurst is setting up on his own to offer PR and communications support.He is aiming his services at the newer or medium-sized players in the mortgage market. He intends to work on a contract basis and promises to raise his clients&#39 profile significantly.Hurst will advise on all aspects of […]


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