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Pru predicts difficult mortgage market

Prudential Mortgage Services recorded applications worth £24.5bn in 2002, up from £14.9bn in the previous year and made £18.3bn completions, up from £10.9bn. It says this performance makes it the UK&#39s biggest mortgage club, facilitating 204,000 new mortgages last year, accounting for 8.5 per cent of all mortgages arranged.

But it warns the next 12 months will be extremely testing as the competition for business quickens in a market that has had a slower start than 2002.


Skipton Building Society – 2 Year Fixed Rate Bond

Tuesday, 18 February 2003 Type: High interest account Minimum-maximum investment: £1,000-£10,000 Interest rate: 3.8% gross a year Term: Two years Offer period: Until further notice Withdrawal penalties: No withdrawals permitted during term Tel: 0800 446776

&#39Positive impact&#39 of mortgage code

The majority of the public believe borrowers receive a fair deal whentaking out a mortgage as a result of the mortgage code, according tonew consumer research by the MCCB.But the board says levels of awareness about regulation among thepublic remain relatively low.Its research, carried out in November among 1,000 borrowers, foundthat 34 per cent are […]

Property stands Strong

The new millennium has been a good time for commercial property. While stockmarkets have been battered by the worst bear market in almost 30 years, property has emerged triumphantly as the best-performing asset class in 2000, 2001 and 2002. However, with recent news focusing on falling rents and decreasing tenant demand, can property continue to […]

Equities V Bonds

T he constant dripfeed of falling markets along with problems of endowments, pensions, splits, structural products and, of course, Equitable Life is translating into the worst business climate for retail financial services since 1988.In my view, 2003 and beyond actually looks far worse. It is all too easy to join with many private investors and […]


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