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Mortgage lending by mutuals dips

Mortgage lending by mutuals fell slightly last month due to borrower fears of a recession, according to the Building Societies Association.

Gross advances fell to £2.12bn in July from £2.28bn in June, while net advances slid to £272m from £589m. Mortgage approvals dropped to £2.26bn from £2.31bn over the same period.


Saltr predicts Autif and FSA backing in two years

The ABI&#39s Raising Standards project expects to have the official support of both Autif and the FSA within the next two years. Lawrence Churchill, chairman of the Industry Standards Group, the organisation which sets the Saltr standards manual, told Money Mark-eting he expects Autif will join the Raising Standards initiative. Saltr also forecasts the inclusion […]

ABI wants Govt rethink on NRE cap

The ABI is writing to members of its pensions forum market regulation committee compliance panel urging them to lobby the Government over protecting high earners&#39 pension contributions from the effects of inflation. Under the new pension framework introduced in April, the Inland Revenue does not intend to allow the cap on net relevant earnings to […]

Does CML face being struck down in dual regime?

The Council of Mortgage Lenders&#39 decision to poll members over their mortgage code plans arguably shows the extent to which it fears for its post-N3 future. With senior mortgage figures predicting a sharp decline in the number of lenders prepared to be a slave to two masters after next August, the trade body has every […]

The Exchange – Easi Protect Plus Plan

Monday, 20 August 2001.Type: ASU mortgage protection plan.Maximum benefit: Options one & two £2,000, option three £1,000.Benefit payment plan: 12 months.Deferred period: 30 days.Premium: Option one – single premium accident, sickness and unemployment cover £5.50 per £100 monthly benefit, option two – monthly premium accident, sickness and unemployment cover £5.95 per £100 monthly benefit, option […]


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