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NS&I savings drops in February

Sales of National Savings & Investments&#39 products in February dropped to £850m from £1.02bn in January.

Overall holdings in NS&I products were reduced by £3m as withdrawals for the month stood at £853m.

Total investment now stands at £62.6bn.


CML fears Treasury and EC clash on loan rules

The Treasury could be on a collision course with the European Commission over its mortgage regulation proposals, warns the Council of Mortgage Lenders.In its draft response to the Treasury&#39s Regulating Mort-gages consultation paper, seen by Money Marketing, the CML says “the threats of regulatory uncertainty, duplication and cost extend beyond the UK to encompass Eur-opean […]

Scottish Widows goes for strategy

Wilkins says: “A reasonable concept but no track record yet. Itcould be good based on the performance of the funds in the ScottishWidows range.”

Clients deserve much better

In just one week I have been alarmed by several instances of a complete lack of customer service from life offices and a mortgage lender as follows:Chase up telephone calls to Clerical Medical in relation to specific stakeholder information resulted in the telephone clerk at the call handling company admitting that it can take up […]

Mortgage lending hits £16bn high as price spiral continues

Mortgage lending reached a record level of £16.6bn, in March, up from £13.3bn the previous month, according to the latest figures from the Council of Mortgage Lenders.Building Society Association gross advances were also buoyant, rising by 28 per cent to £2.7bn last month from £2.1bn in February.Net advances by mutuals increased to £682m in March […]


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