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BSA says mortgage lending still strong

Building society gross advances amounted to £4,689m in June, rising from £3,942m in the same month last year, according to the Building Societies Association.

Approvals (loans agreed, but not yet made) increased to £4,849m in June 2004 from £3,453 million in June 2003.

In the savings market, building societies had net inflows of £554m in June 2004, up from £65m in June 2003.

BSA director-general Adrian Coles says: “Lending is still strong, with the figures for the second quarter of 2004 showing that building societies are holding their own in the market, as consumers are still looking for good deals.”


AIFA&#39s view

There I was in the officials&#39 box in the House, night after night after night in the summer of 1986. The tales I could tell – all extremely boring but how we laughed at the time. Fifteen years on, there was the 2001 Act which I watched from a different vantage point. But the pace […]

One in seven retirees suffer mortgage crisis

One in seven retirees is suffering from a mortgage crisis as rising interest rates put pressure on fixed retirement incomes. Fourteen per cent of over 65s are weighed down by mortgages that have run into their retirement, according to a report by Key Retirement Solutions. For those entering retirement with an outstanding mortgage, monthly repayments […]

Amex links up with Group 300 network

American Express Financial Services Europe is entering into a strategic partnership with IFA network Group 300 in the second major deal AEFS has struck in a month. The firms have signed a letter of intent on an agreement that will see Group 300 integrate its business with AEFS&#39s wrap account, which launched in March with […]

BDT Investment Management – BDT Invest Japanese Smaller Companies Fund

Type: Oeic Aim: Growth by investing in Japanese smaller companies Minimum investment: Lump sum $10,000 Investment split: 29% internet diffusion, 11% discount retailing, 15.5% corporate outsourcing,11.9% lifestyle change,6.8% flat panel displays, 6.3 auto parts and machinery, 17.4% other, 2% cash Place of registration: Dublin Charges: Initial up to 3%, annual 1.75% Commission: Initial up to […]

When will US rates rise?

By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]


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