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Richard Morea Archive
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More Mergers on the Horizon
The Coventry and Stroud & Swindon Building Societies have confirmed they are to merge. Coventry is the UK’s 3rd largest society and one of the strongest, having recently declared healthy profits of £56.2m for 2009. Stroud & Swindon are the 11th largest, and their branch network should make a good geographical fit for Coventry. Stroud [...] -
House Prices
House prices increased by 0.7% in March, almost wiping out Februarys fall of 0.8% according to Nationwide’s latest House Price Index. The report now sets the average UK house price at £164,519, 9% higher than a year ago. The modest increase will be due in part to a lack of new stock coming to the [...] -
Budget 2010 Stamp Duty (part II)
Cutting stamp duty for first time buyers purchasing a property up to £250,000, is expected to cost the Treasury £520 million over the period of the waiver, and from next year those looking to buy at over £1 million will be helping to recoup that loss. From 6th April 2011 the rate of stamp duty [...]
