Posts Tagged ‘financial’
Alison Platt resigns as CEO of Countrywide Plc
The Board of Countrywide plc announces today that Alison Platt has resigned as Chief Executive Officer of the Group and will stand down from the Board. The Board has asked Peter Long to become Executive Chairman to which he has agreed until such time as a successor is appointed. Alison Platt commented: “Since joining in…
Read MoreTaylor Wimpey achieves strong financial and operational performance in 2017
Taylor Wimpey today issued a trading statement ahead of its full year results for the year ended 31 December 2017, which will be announced on 28 February 2018. Pete Redfern, Chief Executive, commented: “We achieved a strong financial and operational performance in 2017 and are continuing to deliver against our strategy. Despite wider macroeconomic uncertainty,…
Read MoreCountrywide continues to pick up awards.
Countrywide Group’s leading financial services, surveying and conveyancing businesses have recently been recognised with prestigious industry awards. as mentioned in their recent press release which headlined ‘Countrywide’s award-winning run continues’. MD of Countrywide Surveying Services, Paul Wareham, has been named Surveying Business Leader of the Year at the British Mortgage Awards. Countrywide Conveyancing Services was…
Read MoreNationwide post pre-tax profits of £1.3bn.
Nationwide building society has reported a 23% rise in full-year pre-tax profits to £1.3bn. 2016 Annual Results Financial highlights 9% increase in underlying profit to £1,337 million 23% increase in statutory profit to £1,279 million Net lending of £9.1 billion (2015: £7.1 billion) a market share of 21.4% (2015: 31.2%) Nationwide chairman David Roberts said:…
Read MoreFCA Responsible Lending Review
In their recent press release Finanacial Conduct Authority (FCA) reviews find mortgage firms lending responsibly but scope for improvement on competition. Firms have positively applied the responsible lending requirements, which came into force as part of the Mortgage Market Review (MMR); however, there is scope for improving consumers’ ability to make better choices about mortgage…
Read MoreSigns of the times for mortgages
Mortgage lenders have recently announced changes to their rules as to how mortgages will in the future be offered to their clients in an effort to deal with the high prices of property and changes in demographics. The Halifax bank part of Lloyds Banking Group – the largest retail bank in the UK is increasing…
Read MoreBuying cheaper than renting for FTB’s
Recent research from Santander Mortgages suggests that potential first time buyers would find it cheaper to buy than rent at the present time, they state that average rental prices are greater than average mortgage repayments in every region of the UK, a saving for first time buyers on average of £2,300 per year if they…
Read MoreEffect of buy-to-let on UK financial stability
According to the Bank of England in a recent report by their financial policy committee, the UK’s buy-to-let market is posing a threat to the country’s financial stability. Any wobbles in the housing market could be exagerated due to the nature of that market, the effects of a housing crash could be made much worse.…
Read MoreTougher mortgage rules for BTL landlords
It is getting tougher for Landlords who need a mortgage to fund their buy-to-let, tighter checks combined with higher interest rates could see less landlords applying to borrow from now on, this comes at a time when landlords are being hit with new regulations across the board, government announcements over the past week made it…
Read MoreMortgages extending into retirement
Data from the Council of Mortgage lenders reveals that a third of new mortgages being taken out today will extend beyond their 65th birthday, this situation is being created because some buyers are entering the property market at an older age and the duration of some mortgages is longer term. The new figures were revealed…
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