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Seasonal fall in mortgage lending

Mortgage lending fell by 13 per cent to £14.3bn in September, from £16.5bn in August, but still up from £10.1bn in September 2000.

The figures are for completed mortgages and therefore do not show the effects of the attacks of September 11.

CML director general Michael Coogan says: “These figures are based on mortgage completions, so it is too early to detect any impact the events of 11 September may have had on the housing market. Most of the sharp fall in September&#39s lending reflects the normal seasonal pattern, which sees a peak in lending during the summer, followed by a decline in the autumn.”


Skipton Guernsey – 3 Year Step-up Bond (Issue 3)

Tuesday, 16 October 2001.Type: High interest account.Aim: Growth by investing in three year step-up bond.Minimum investment: Lump sum £5,000.Place of registration: Guernsey.Yield: 4.8 per cent gross a year until December 16, 2002, 5.1 per cent until December 16, 2003, 5.5 per cent until December 16, 2004.Isa link: No.Charges: None.Commission: None.Tel: 01481 727374.

Automatic for the people

If there was any doubt that the 1 per cent world is well and truly with us, it is confirmed by the news that Scottish Amicable has withdrawn indemnity commission from stakeholder products.This demonstrates all too clearly the harsh financial environment that IFAs are now facing. While regulators keep increasing the compliance burden, the Government […]

SSAS the way I like it

I am a director and shareholder in a family business. Myself, my wife, my brother and his wife are members of a small self-administered pension scheme. We are all in our mid to late 50s. Consequently, retirement planning is high in our priorities.We have all been advised that it would be in our interests to […]

McCartney publishes pension consultation document

Following the announcement on 26 September of the review of private pension legislation, the Government is publishing its consultation document.Minister of state for work and pensions Ian McCartney says: “The Government is committed to helping people build up decent pensions for their retirement. That means the public and private sectors working together effectively.“The private pensions […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]


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