Bank of England


deVere Mothballs UK Property Investment Advisory Citing Mortgage Woes

deVere Group, which has US $12bn under advisement, has announced the temporary closure of its UK property investment division as inflation fears suggest the Bank of England will need to hike interest rates more aggressively to combat rising prices. James Green, deVere Group Investment Director, explains: “We are concerned about the availability of credit and,…

FM Magazine

UK Real Estate Sector Reacts to BoE Interest Rates Rise

FM Magazine sounded out Paresh Raja, CEO of Market Financial Solutions (MFS) and Shojun CEO, Jatin Ondhia, on the 50 basis point hike in interest rates announced today by the Bank of England.  Paresh Raja, CEO, MFS, says: “The property market is being pulled strongly in two different directions. Today’s interest rate hike is significant, impacting…


deVere CEO Brands BoE Plans to Axe Mortgage Affordability Requirements as ‘Utter Madness’

Bank of England plans to scrap mortgage affordability rules have been described as “utter madness” by Nigel Green, the CEO of deVere Group, who says the move underscores how the central bank is “failing Britain.” The damning analysis from the head of deVere Group, one of the world’s largest independent advisors of specialist global financial…

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