Sixty apartments costing up to £1.65M will be built overlooking the Silverstone GP racing track and come complete with a clubhouse and leisure facilities.
The leasehold apartments with balconies will be fully managed and can be rented out when not in use by their owner who will benefit from access to all major meetings from May 2022.
The UK’s Financial Conduct Authority will ban retailers from commissions linked to the interest rates on loans taken out by car buyers from 28 January 2021.
The FCA said the practice encouraged selling more expensive credit to some customers and the change will increase competition while protecting buyers and the payments to dealers will have to be fully explained to anyone buying a motor vehicle.
Three-quarters of drivers would not buy a car without seeing it, they told AA Cars, despite the growth in online only sales.
Try before you buy is still the majority view and its strongest when it comes to looking at second-hand models.
While Nissan is bracing for the biggest loss in its history for 43 years and about £1.94 Billion, PSA reports it expects to make a profit.
The Japanese car-maker is struggling with costs from expansion and old models while the French giant has frequently updated models and pursued keen cost cutting measures despite buying Vauxhall and is in discussions about a merger with Fiat Chrysler Automobiles.
German car makers Mercedes-Benz, Volkswagen and BMW have all reported strengthening sales.
They are major contributors to the country’s exports and earnings and their turnaround since Coronavirus restrictions were lifted globally will be encouraging.
Insurance comparison site GoCompare has welcomed a proposal from the Financial Conduct Authority to extend the temporary measures introduced on 18 May 2020 to help customers struggling to pay their insurance premiums, as a result of the Coronavirus pandemic.
The measures, which cover all types of general insurance, mean that insurers are expected to offer flexibility on payments including payment deferrals of up to three months, consider whether there are other products they can offer which would better meet the customer’s needs and waive fees for cancellation or any amendments, such as reducing annual mileage for car insurance.
