Mutual lending increase in November
Building societies and other mutuals accounted for 21% of gross mortgage lending, or £2.7 billion of loans, in the UK in November 2012. Between January and November 2012 mutuals lent £28.3 billion of mortgages (gross), accounting for 22% of the whole market. This accounted over 61,000 loans to first-time buyers, up from 36,000 loans in […]
Strong year end for landlords
After severe tenant arrears rose by an average of 10.8% per quarter for the first three quarters of 2012, the final quarter of the year saw a fall of 15.6%. According to the latest Tenant Arrears Tracker by Templeton LPA, the specialist practice of LPA Receivers, and part of LSL Property Services plc. the number […]