Deutsche Bank enters Britain’s mortgage market, launching regulated product May 29, 2019 Deutsche Bank Wealth Management has announced it will offer regulated mortgages to its private banking clients in Britain. Clients looking to buy houses in the UK and borrow £3m or more at competitive loan-to-value and interest rates will be able to use the product. The wealth manager will roll it out to clients who want [...]
Profits slide at Telford amid housing uncertainty and move into rental market May 29, 2019 Telford Homes has posted a double-digit drop in full-year profits before tax, as a move into less lucrative rental projects and a slowdown in the capital’s property market hit the London-based housebuilder. The developer said margins had been hit by its direction away from traditional private house sales and into the build-to-rent market, as it [...]
Westerners are taking the benefits of globalisation for granted May 29, 2019 One of the many bizarre political twists of recent years has seen conservative leaders and voters take a less favourable approach to globalisation and free markets than some of their left-leaning rivals. Across the pond the Republicans have provided the most glaring example by electing a nationalist tariff-enthusiast, but even on this side it has [...]
City Moves for 29 May – Who’s switching jobs at Clearstar, Deutsche Bank Wealth Management and The Office Group? May 28, 2019 Today's City Moves includes Clearstar, Deutsche Bank Wealth Management and The Office Group. Clearstar Clearstar has announced that it has appointed Jennifer Balleza as the company’s chief financial officer with immediate effect. Jennifer, who has been serving as the company’s interim chief financial officer since January 2019, is not being appointed to the board of [...]
‘Lack of confidence’ to blame for gender investment gap May 28, 2019 More than a third of wealthy women do not invest due to a lack of confidence, according to new research. A total of 35 per cent of high net worth women do not have an investment portfolio, a survey of 500 wealthy individuals found, compared to 17 per cent of men. Read more: When women [...]
Vodafone dividend cut: which UK shares might be next? May 28, 2019 By Tom Bailey from interactive investor. Vodafone's cut might be a canary in the coalmine for FTSE 100 shares. Over the past year the market has increasingly cooled on Vodafone (LSE:VOD). The company has a long list of problems, including the high cost of 5G investment, being squeezed by competition on the continent and high [...]
UK mortgage approvals hit two-year high following Brexit extension May 28, 2019 The number of mortgage approvals for house purchases in the UK reached a two-year high in April, a survey showed today, suggesting the country’s housing market may be recovering from a recent slowdown. Read more: Mortgage approvals fall as lending to businesses also drops UK banks approved 42,989 mortgages in April, the highest figure since [...]
Taking the higher ground rent: How homeowners can stop themselves falling victim to dubious leasehold contracts May 28, 2019 Finally able to buy your first home, you skip away from the rat race that is the rental system, proudly boasting the much-revered title of “homeowner”. And yet, if you’ve bought a leasehold property, it might not be the picket-fenced dream that you’d bargained for. Millions of UK properties, typically flats, are sold as leasehold. This [...]
The tenant fee ban is good news for landlords May 28, 2019 From 1 June, it will be illegal for tenants in England to be charged letting fees, with deposits capped at six weeks’ rent. Anyone who rents their home will see the benefits in the tenant fee ban, with tenants expected to save an average of £400 per move. More importantly, this policy marks the beginning [...]
Sluggish economic growth to continue as demand for lending falls May 28, 2019 The UK economy’s sluggish growth shows no signs of letting up, with all three major lending classes set to grow less than two per cent this year, new figures have revealed. Despite an uptick in real incomes, demand for consumer credit is forecast to grow just 1.6 per cent this year and two per cent [...]