Homeowners benefit from fourfold surge in prices from to 1998 to 2008 | Business | The Guardian
Homeowners in the fastest-growing parts of the UK have seen the value of their properties more than treble over the decade to 2008 while those in poorer areas lagged far behind, according to research by Halifax, the mortgage lender.
Its report came as a US private equity firm, JC Flowers, backed a new business, Castle Trust, that will offer investments to private and institutional investors providing access to UK house price returns and mortgages. The management team is led by Sean Oldfield and is chaired by a former chairman of the Financial Services Authority, Sir Callum McCarthy, who is one of seven non-executive directors.
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