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Rents rise in seven regions

The Paragon Mortgages September buy-to-let index reveals rents increased in seven UK regions. Rental incomes in both the North West and East Anglia rose by over 3 per cent to £7,009 and £8,854 respectively. Overall, rents were almost unchanged nationally, standing in August at £9.524 compared with £9,598 in July. Property values have also risen in August across eight out of the ten regions with Wales showing the highest increase of 11.06 per cent to £126,576. As a result of these rises, yields have slipped to 6.7 per cent gross from investment properties, compared with 7 per cent in July.


&#39Backache and depression losing 175 million working days a year&#39

Research from Unum Prov-ident shows that almost 175 million working days are lost each year because of the three most common ailments – backache, depression and fatigue. The firm says 21 per cent of people say they have taken time off due to these complaints in the last five years. Unum says this adds up […]

Letters Extra

It is revealing that the report in Money Marketing (September 23) on Witan Investment Trust should cite the reason for IFA concern at Witan Investment Trust&#39s choice of managers as being “unknown in the UK retail market.” It seems strange that the primary factor in choosinga fund manager to look after a client&#39s money should […]

Bristol & West broadens offset mortgage range

Bristol & West Mortgages has broadened its offset loan range with the addition of five new deals. The lender has added five new standard offset mortgages that will sit alongside those it already offers for self-certification and buy-to-let customers. A range of rates and terms are available, including a loan capped at 5.95% for two […]

Product Matters

The almost totally foreseeable failure of so many precipice bonds has brought the guaranteed investment product to the fore. Even the Govern-ment is getting in on it through National Savings. The new ninth issue offers a gross return equal to 105 per cent of any growth in the FTSE with no capping, guaranteed to repay […]


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