Jayne-Anne Gadhia to leave Virgin Money | Mortgage Introducer

Jayne-Anne Gadhia (pictured) is leaving Virgin Money, where she was chief executive. In June The Clydesdale and Yorkshire bank brands agreed a £1.7bn takeover of Virgin Money. While she is no longer CEO she has agreed in principle to support the group as senior adviser to David Duffy, chief executive of Clydesdale and Yorkshire Banking Group, for 18 months. Source: Jayne-Anne Gadhia to leave Virgin Money | Mortgage Introducer

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Average cost of moving home tops £12,000 for first time | Mortgage Introducer

The average cost of moving home in the UK has increased by £4861 over the past year to £12,110 (from £11,624), topping £12,000 for the first time, Lloyds Bank has found. This 4% rise in costs comes at a time when the annual growth in average earnings is at 2.9% and the price that consumers have to pay for goods and services is up 2.42%2. Source: Average cost of moving home tops £12,000 for first time | Mortgage Introducer

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East Anglia leads the way on price growth per square metre | Mortgage Introducer

House prices in East Anglia have risen by 7% per square metre in the past year – the steepest increase across the whole of Great Britain, Halifax data shows. Across Great Britain as a whole the price per square metre rose by 3%. The biggest increases were in Burnley in the North West and Market Harborough in the East Midlands, where prices per square metre have increased by 24% and 20% respectively. Source: East Anglia leads the way on price growth per square metre | Mortgage Introducer

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Bank of England votes 6-3 to hold base rate at 0.5% | Mortgage Introducer

The Bank of England has voted to hold the base rate at 0.5% with a 6-3 MPC split, indicating that the rate could rise in August. Three Monetary Policy Committee members, including the Bank’s chief economist, Andrew Haldane, voted to raise rates to 0.75%. Governor of the Bank of England Mark Carney voted to hold rates at 0.5%. Source: Bank of England votes 6-3 to hold base rate at 0.5% | Mortgage Introducer

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UK real estate firm Savills acquires Cluttons Middle East – Gulf Business

UK-based real estate advisory firm Savills has announced its acquisition of consultancy Cluttons Middle East.Savills said the business employs 190 staff in seven cities across the UAE, Bahrain, Egypt, Oman and Saudi Arabia and provides agency, management and consultancy advice in the commercial and residential sectors. Source: UK real estate firm Savills acquires Cluttons Middle East – Gulf Business

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Dudley Building Society changes expat and Right to Buy range | Mortgage Introducer

Dudley Building Society has made changes to its expat range, launched products for professionals and reduced rates on it Right to Buy product with cashback. For professionals, including those in the process of qualifying, the deal is priced at 3.79% with a fee of £1,000 and is available up to 90% LTV. Source: Dudley Building Society changes expat and Right to Buy range | Mortgage Introducer

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