View more on these topics

BBA figures show small recovery

Latest figures from the British Bankers’ Association have shown a small recovery in house purchases in April.

A total of 38,704 new mortgages were approved last month, up from the 35,546 in March. However the figure is still 39.4 per cent down from the same point 12 months ago.

The BBA highlighted an “exceptionally strong” level of remortgaging levels in April as homeowners switched lenders in a bid to find a better deal.

Remortgaging levels rose from 60,410 in March to 74,722 in April.

As expected, approvals on housing purchases continue markedly down on 2007 figures.


Barclays kicks out

Barclays Wealth has introduced a FTSE 100-linked capital -protected bond that has the potential to mature each year during its five-year term.

Mean time at the Rock

The UK finds itself in a most peculiar situation where a state-owned bank is treating its customers probably as unfairly as it is possible to treat them short of defrauding them of their money.

A shaw thing

Annie Shaw is a freelance financial journalist
A week that started with root canal treatment and an associated bill of nearly £700 was only going to get better. Midweek saw me at a rather glamorous lunch at the London Capital Club in Abchurch Lane hosted by Pointon York Sipp Solutions.


News and expert analysis straight to your inbox

Sign up


    Leave a comment