Bank of England's August lending data shows credit remains steady
The Bank of England today released their assessment of the latest trends in lending to the UK economy, The data set covers the major UK lenders: Banco Santander, Barclays, HSBC, Lloyds Banking Group, Nationwide and Royal Bank of Scotland. Together they accounted for 75% of the stock of mortgage lending at the end of 2009. […]
Council for Licensed Conveyancers annual report shows a steep decline in new conveyancers.
The Council for Licensed Conveyancers has produced its annual report for 2009. In 2009 there were 195 licensed conveyancing businesses and the need for one intervention. The number of complaints fell in line with market volumes collapsing and the claims on the compensation fund were £1435. The report shows that the number of students sitting […]
Less than 1m mortgage sold in 2009/10.
The Financial Services Authority (FSA) this week released its product services data (PSD) report for regulated mortgage contracts, for the period between April 2009 and March 2010. There was a substantial decline in mortgage sales from 2008/09 when there were 1.2m sales with value of £171bn to 0.93m mortgage sales with a total value of […]