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Newcastle’s lending breaks 1bn barrier

Newcastle Building Society group profits rose by 52 per cent to 17.6m in 2007. It says gross lending surpassed 1bn for the first time.

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Meteor ties to twin indices

Meteor Asset Management has brought out a capital-protected bond linked to the performance of the FTSE 100 and Dow Jones Euroztoxx 50 indices for 10 years.

House price inflation falls to 2.7% in February

The annual rate of house price inflation dropped from 4.2 per cent to 2.7 per cent in February, Nationwide has revealed.It says that the price of a typical house fell by 0.5 per cent during February. This is the fourth consecutive monthly fall in house prices and brings the annual rate of house price inflation […]

Mortgage adviser admits £250k fraud

A self-employed financial adv-iser has changed his plea to guilty over a series of mortgage frauds.Mohammed Khan, 46, from Knighton, Leicester, appeared before Leicester Crown Court on multiple deception and dishonesty charges. The prosecution had estimated the amount involved was over £250,000.Evidence was given that Khan had repeatedly misrepresented his financial and personal status to […]

Seismic shift

I have detected a change in attitude towards the retail distribution review among advisers and life companies over the last four weeks. Throughout meetings, conferences and lunchtime discussions, the general tone towards the RDR has been increasingly supportive.

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