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Latest news on personal loans & mortgages |
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9 Feb 2012
The Bank of England has also extended its quantitative easing (QE) programme by £50bn to give a further boost to the UK economy... read more...
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6 Feb 2012
Payday loans' convenience and innovation are attracting a broader and more prosperous type of consumer, according to PwC read more...
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1 Feb 2012
Overdrafts, bank loans and HP borrowing by consumers fell in December by the largest amount on record... read more...
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23 Jan 2012
Mortgage lending in December 2011 was 12% higher than December 2010 - the fifth month in a row of higher year-on-year lending... read more...
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18 Jan 2012
The Council of Mortgage Lenders welcomes and broadly supports the revised package of proposed reforms published in a consultation paper by the Financial Services Authority... read more...
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12 Jan 2012
Interest rates have been kept at 0.5% since March 2009... read more...
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21 Dec 2011
Home sales hit their highest monthly level of the year so far in November, figures from HM Revenue and Customs (HMRC) have shown... read more...
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19 Dec 2011
Financial Services Authority (FSA), has moved a step closer towards tighter regulation of mortgage lending... read more...
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8 Dec 2011
UK interest rates have been held at a record low of 0.5% by the Bank of England's Monetary Policy Committee... read more...
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1 Dec 2011
Housing market activity will surge in 2013 after a stagnant few years, according to forecasts from the Office for Budget Responsibility (OBR)... read more...
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23 Jan 2012
Gross mortgage lending in December was an estimated £11.7 billion, according to the Council of Mortgage Lenders. This represents a 12% drop from £13.2 billion in November but a 12% rise from December 2010 (£10.5 billion). December was the fifth month in a row of higher year-on-year lending.
Lending totalled an estimated £37.3 billion in the fourth quarter of 2011, down from £39.2 billion in the previous quarter but 11% higher than the last three months of 2010 (£33.6 billion).
For 2011 as a whole, estimated lending totalled £140 billion, slightly above CML's annual forecast of £138 billion. This is up 3% from £136 billion in 2010.
CML chief economist Bob Pannell observes:
"The closing months of 2011 saw stronger mortgage lending activity and housing transactions, despite the fact that short term economic prospects are challenging.
"There is a glimmer of light ahead for households in that real incomes could stabilise and perhaps even start rising by the end of the year. But, continuing Eurozone problems mean that mortgage funding prospects are uncertain, so overall UK mortgage market conditions for the year ahead remain difficult to call."
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