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Gross building society lending up for third month

Building society gross mortgage lending grew for the third consecutive month in June according to latest figures from the Building Society Association.

Gross advances were up 12 per cent in June to £2,664m from £2,370m compared to the previous month.

But approvals – loan applications which have proceeded to the next stage – were down by £129m to £2,756m in June from £2,885m in May.

The association&#39s director-general Adrian Coles says: &#34Lending figures for the second quarter of this year are significantly higher than in the first quarter and with loan approvals relatively stable over the past three months the healthy market shows no signs of slowing.&#34


L&G says Pep investors could be losing out on performance

Millions of Pep investors could be losing out on better performance and cheaper charges according to a survey from Legal & General.They say this is because many Pep investors are oblivious to the fact they can change their Peps manager.The survey reveals 41 per cent of these investors were unaware they could move their Pep […]

ABI warns of dark events on August 11

The Association of British Insurers is warning August 11 the day of the solar eclipse may be a dark day in more ways than one.The Association says criminals are likely to exploit the opportunity of unoccupied homes in Devon and Cornwall and target them for burglaries.The ABI is warning people to make sure their homes […]

Gan and Lombard to have joint executive

French insurance giant Groupama-Gan has restructured its UK businesses under a joint executive team.The insurer which owns both Lombard Insurance Group and Gan plans to integrate their executive teams from each of the companies, with Tony Lancaster becoming chairman and chief executive.Lombard General&#39s managing director Kenneth Maciver will assume the role for the UK business.New […]

United Assurance posts six month new business figures

United Assurance new industrial branch based business fell 34 per cent in the six months to June 30.The drop to £2.7m from £4.1m for the same period the previous year, follows United&#39s decision to withdraw from the industrial area of business on May 1.But the life office reported a 13 per cent jump in new […]


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