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CML reveals a good start to 2007 lending

Gross lending hit an all-time January high of £26.8bn, according to the Council of Mortgage Lenders.

This was down by 6 per cent on the £28.5bn lent in December, but is up by 16 per cent on January 2006.

CML director general Michael Coogan says: “Mortgage lending kicked-off 2007 in robust shape, and we expect this strength to continue over the next few months. Quite how strong it will be later in the year depends on what happens to interest rates.

“While we avoided a rate rise earlier this month, the markets are still expecting at least one more quarter point rise by the middle of the year. And, because of this uncertainty, it would be surprising if some home buyers did not review the timing of their decision to move.”


Barclays sees huge rise in lending as profits soar

Barclays witnessed a massive jump in mortgage lending last year to make up for a disappointing 2005.Gross advances at the lender, whose mortgage business is run under the Woolwich brand, were 60 per cent higher at £18.4bn than the £11.5bn in 2005, with a market share of 5 per cent, up from the previous year’s […]

Employers’ bodies unite in opposing workplace advice

Three of the biggest employer organisations are threatening to blow a hole in the Government’s plans to offer generic advice for personal accounts through the workplace.At a work and pensions select committee meeting this week, the CBI, the Federation of Small Businesses and the EEF warned MPs they had grave concerns about employers offering any […]

B-A to use Aequos Engage

Burns-Anderson has agreed to use Defaqtos Aequos Engage as its preferred product search engine. Aequos Engage launched in May last year, covers investment, pension and protection products and can be used online or downloaded for remote use. B-A says its ability to link with its main policy and client administration system, to other CRMs, as […]

Friends Prov gains FSSC accreditation

The Financial Services Skills Council has awarded Friends Provident an accreditation of training excellence as both a firm and a training provider for distributors.The award is for the distribution and development division of Friends Prov and it becomes one of the UK’s first life and pensions firms to receive the accreditation.The core standards for which […]


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