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.

Recommended

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.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com