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We will be bringing you news, views and analysis online over the Christmas break with our full online news service returning on 2 January. The first issue back will be published on 10 January. We would like to wish all our readers and advertisers a Merry Christmas and a Happy New Year.

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CML: 2012 mortgage activity exceeds forecasts with £144bn gross lending

The Council of Mortgage Lenders says gross lending in 2012 has exceeded expectations, with lending now predicted to reach £144bn. In December 2011, the CML forecast 825,000 property transactions, £133bn in gross lending and £8bn in net lending in 2012. The year is now expected to end with 930,000 transactions, £144bn in gross lending and […]

John Malone: Confidence will be the key to 2013

Watching Chancellor George Osborne’s Autumn Statement made me reflect on just how much our lives are affected by economists. I remember many years ago, when working in the life industry, how an actuary joked about how he used to throw darts at the dartboard and used these figures for his projections. Carrying on this analogy, […]

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Sants in line for up to £3m pay package at Barclays

Former FSA chief executive Hector Sants is set to receive a pay package of up to £3m when he joins Barclays next month as head of compliance and government and regulatory relations. The Financial Times reports Sants (pictured) is set to become one of the 10 best paid executives at the bank. The newspaper says […]

Newcastle pulls out of interest-only lending

Newcastle Building Society has pulled out of interest-only lending for new borrowers. Existing customers are unaffected by the move but those who want to borrow more money will be able to do so only on a capital and interest basis. In a broker note published last week, the building society says: “There has been a […]

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