In a round-up of January mortgage lending, Bank of England figures show approvals for house purchases falling 17%, compared to a month earlier.
However, the month-on-month decline takes into account the end of the stamp duty holiday, which resulted in transactions being pushed through in time for December...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, lending, Bank of England, Mortgage News, fall, January, new, remortgaging, mortgage approvals, stamp duty holiday
Lenders are backing the proposed regulation of the second-charge mortgage market.
Responding to a Treasury consultation, the Council of Mortgage Lenders (CML) has also said it wants to ensure borrowers are sufficiently protected when mortgage books are sold on.
On second-charge lending, the body has...
Posted to
Finance
on 02-17-2010
Filed under: All Financial News, lending, Mortgage News, second charge, CML, regulation, Council of Mortgage Lenders, mortgage books, sold on
A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.)
Last week, official figures revealed that...
Posted to
Finance
on 01-31-2010
Filed under: All Financial News, Economy News, recession, lending, survey, recovery, PricewaterhouseCoopers, PWC, Ernst & Young, fourth quarter, double dip, super tax
Ethical bank Triodos reported a record year for its UK operations in 2009, with lending and commitments growing by 73%.
During 2009 the bank loaned nearly £250 million to organisations in the UK delivering social, environmental or cultural benefits.
Bevis Watts, the bank’s head of business banking...
Posted to
Finance
on 01-22-2010
Filed under: All Financial News, lending, UK, 2009, Banking News, results, growth, ethical banking, ethical finance, Triodos