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Self-build boom at TMB

TMB says self-build business grew by 15 per cent in January compared with the same month last year.

The lender says staff have reported a sharp rise in interest from brokers who have not previously been involved in self-build.

Sales and marketing director David Murphy says: “With strong Government housing targets, there is a renewed focus on the self-build sector. There are a host of benefits in building your own home, not least the fact that VAT can be claimed back. Many people are switching on to the fact that an alternative to finding an empty plot of land is to knock down a property and build the replacement to individual specifications.

“Mortgage introducers and packagers are arming themselves with the right inform-ation and developing partner-ships with lenders which have experience and specialist know-ledge in this sector. We expect self-build to be one of the areas of growth this year.”


First State Investments launches GLI fund to European Investors

First State Investments has today launched its global listed infrastructure fund to European investors.The fund, managed by head of global infrastructure securities Peter Meany and portfolio manager Andrew Greenup, has full registration in Austria, France, Germany, Ireland, Sweden and Switzerland.The fund was previously launched to UK investors in October 2007.Meany says: “Infrastructure securities should deliver […]

SocGen slashes share price by almost 40%

Societe Generale has launched a steeply discounted £4.1bn share sale in a bid to cover the £3.7bn loss made by rogue trader Jerome Kerviel.The bank is offering a one-for-four rights issue at £35.50 a share, a discount of almost 40 per cent on Friday’s closing price. The rights issue is being underwritten by JP Morgan […]

Barbara Bradshaw succeeds Paddick as IIB chief

Barbara Bradshaw has been appointed as the Institute of Insurance Brokers chief executive following the death of Andrew Paddick.IIB chairman Graham Gomm says: “The board was determined that we should continue to provide the very highest level of service to, and on behalf of, our members. “During the past five years, the Institute has come […]


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