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Barclays sees housing market confidence falling further

Confidence in the housing market is continuing to decline and consumers are searching for greater financial security according to Barclays Mortgages.

The lender says the factors that would make consumers feel more confident about moving home are the need for less debt, more secure income, lower mortgage payments and stable house prices and inflation.

It says that only 40 per cent of consumers believe their homes will increase in value in the next 12 months compared with 53 per cent this time last year.

Marketing director Jim Chadwick says: &#34People are clearly reacting to what they are hearing about a possible recession and the effect this is having on consumer confidence will eventually be reflected in less buoyant lending figures.&#34


FSA fleshes out consumer education strategy

The Financial Services Authority is issuing a consultation paper in conjunction with its own Consumer Education Forum to promote public understanding of financial services and products.The paper outlines the FSA&#39s plans to hold town meetings, increase consumer financial literacy, research consumer needs, develop a consumer hotline and work with the industry to make product literature […]

Exeter sees profits rise 35 per cent

Exeter Investment Group is celebrating a 35 per cent increase in consolidated pre-tax profits for 1998 which reached a record £1.62m.Earnings per share are up from 8.48p to 11.52p bringing the total dividend for the year to 6.5p per ordinary share compared to 4.4p in 1997.The total pre-tax profit for the year is £2.05m and […]


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