Mortgage lending was £1bn lower in May than in April, according to the Council of Mortgage Lenders.
Gross lending amounted to £23.8bn in May, down from £24.8bn in April but still nearly 9 per cent higher than in May last year.
The number of house purchase loans fell to 103,000 in May from 118,000 in April. 31 per cent of these loans were to first-time buyers, compared with 28 per cent in April
The article on Lifesearch's response to the Consumers' Association report on poor critical illness advice was accurate (Money Marketing, June 10) but the headline was somewhat dramatised. Lifesearch did not “slam” the Consumers' Association report. In fact, we praised more than we criticised but we did ask them to stop slandering all financial advisers when […]
Recent news reports indicate that the attempts by the FSA to pull together a satisfactory compensation fund from the 21 firms involved in the split-capital investment trust debacle have failed and as a result, “in the months ahead, the FSA may find itself embroiled in several legal battles concerning splits, including the upcoming tribunal of […]
Chancellor Gordon Brown has moved to counter Bank of England Governor Mervyn King's warning of increased falls in the housing market. In an interview with GMTV Brown underlined the importance of keeping stability in the housing market and the wider economy. The interview followed a speech used by the Chancellor's chief economic adviser to Ed […]
Mortgage Intelligence is offering mortgage intermediaries free membership to its network, prompting claims that it is a panic move. The offer applies until October 31 and applies both to its Spirit solution for appointed representatives and Vantage for directly authorised intermediaries. Mortgage Intelligence believes that intermediaries are delaying making a decision about which network to […]
The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.
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IFAs want more clarity on environmental, social and governance investment products to be able to better communicate them to clients. A HSBC Global Asset Management survey of over 200 UK IFAs found that 57 per cent would like more ratings for ESG products. Concerns over diversity, human rights, consumer protection, and animal welfare are the […]
St James’s Place has hired Claire Blackwell as director of marketing from Newton Investment Management. Blackwell says: “We have a responsibility to continue to develop ourselves and our proposition in the interests of better financial outcomes for clients.” SJP shuns new CII exam in favour of in-house programmes She has held a variety of positions across the […]
Something drastic needs to be done to make the protection landscape fit for today’s world Like most journalists, when I first began writing for Money Marketing years ago, I needed to be schooled in the ways of financial services. In my case, this role was carried out by a small coterie of energetic financial advisers […]
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