View more on these topics

Gross mortgage lending sees record March, says CML

Gross mortgage lending has reached a March record of £31.3bn according to the latest data from the Council of Mortgage Lenders.

The CML says it was a leap of 22 per cent from February’s lending figure of £25.5bn and is 10 per cent higher than the £28.3bn of lending reached in March last year.

CML director general Michael Coogan says: “This is the highest-ever March lending figure. It is clear that many borrowers are taking sensible steps to shelter against higher mortgage costs.

“There is still a question mark over just how strong mortgage lending will be over the coming months as the prospect of higher interest rates takes its toll on demand. But, we continue to expect mortgage lending to reach a record £360bn this year.” director Nicholas Leeming says: “These figures merely show the normal spring peak – nothing out of line with the last few years. One factor that may be muddying the waters this year though, is that borrowers have been rushing to the bank to beat higher interest rates that are certain to come.

“This month many lenders have swiftly withdrawn their cheapest fixed rates, and with higher base rates just around the corner, we can expect the rush to slow and the market to cool.


Reshuffle at Schroders

Schroders has appointed Jonathan Asquith and Massimo Tosato as vicechairmen. Alan Brown takes over as chief investment officer, with head of group finance Stephen Brooks taking over from Asquith as chief financial officer.

Merricks under attack after he blasts CI on TV

Protection providers have warned Financial Ombudsman Service chief ombudsman Walter Merricks that his outspoken public criticism of critical-illness policies could lead to an increase in lapse rates and leave people without cover.Merricks sparked outrage in the industry by claiming on BBC1’s Watchdog programme last week that one in five CI policies are invalid.He said CI […]

Le Beau joins Pioneer board

Income protection provider Pioneer Friendly Society has appointed Le Beau Visage protection consultant Peter Le Beau as a non-executive director.The friendly society has also appointed Carl Northover previously at LV= as finance director.Le Beau has worked in the financial services industry for over 30 years having previously worked at Swiss Re before setting up Le […]

A notion divided

The changing nature of equity income has made it near impossible to distinguish between those managers who seek to provide a rising dividend and those willing to sacrifice some income in favour of potentially higher capital gains.

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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