Mortgage lending up 32% in a year as Help to Buy fuels fervour

Charterbridge

googleplus linkedin

Mortgage lending up 32% in a year as Help to Buy fuels fervour

Mortgage lending up 32% in a year as Help to Buy fuels fervour
October saw a rise in new mortgage lending of 32%, based on the same period last year, rising to £9.9bn.
The Guardian, p. 29

Dip in mortgage approvals as people wait for Help to Buy
Mortgage approvals by Britain’s high street lenders dipped slightly in October, for the first time in seven months, according to the British Bankers Association.
The Daily Telegraph Business, p. 4
Also appeared in : The Independent, p.56

Johnson calls for housing zones
The London Mayor Boris Johnson is calling for the creation of up to 10 housing zones across London that would galvanise housebuilding through light-touch planning measures and tax incentives. Another idea is the creation of a London housing bank, which would lend money to developers, from an initial fund of £160m, to revive stalled projects.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 4

‘Asset-stripping’ RBS faces fresh demands for break-up
Royal Bank of Scotland faced renewed calls for its break-up yesterday after Lawrence Tomlinson, an adviser to the Department for Business suggested that it and Lloyds should be split into six retail banks.
The Times, p. 45
Also appeared in : The Times, p.1

RBS hires lawyers amid claims it wrecked small firms
Clifford Chance has been recruited by RBS to field claims that the bank is deliberately wrecking viable small businesses for the purposes of profit.
The Guardian, p. 25
Also appeared in : International New York Times, p.16-18, Financial Times, p.3, The Daily Telegraph Business, p.1, The Independent, p.51, The Independent, p.1-4-5

Coalition ‘backed the Co-op bid for Lloyds branches’
MPs are to examine claims that the Coalition favoured the Co-operative Bank’s doomed bid for Lloyds branches. The claim by Lord Levene that the Government preferred the Co-op bid is potentially embarrassing for George Osborne, who has called an independent inquiry into the bank in the wake of revelations of hard drugs use by its former chairman, Paul Flowers.
The Times, p. 28
Also appeared in : Financial Times, p.3

‘Role-based’ pay is not a bonus, Barclays insists
It has emerged that senior bankers at Barclays will be handed an additional “role-based” pay allowance on top of their salaries and bonuses. The move follows the EU’s plans to cap bonuses at 100 per cent of salary – or 200 per cent if a “super majority” of shareholders approves. The bank is planning to seek this approval.
The Independent, p. 52
Also appeared in : Independent i, p.38

Osborne pressed to toughen ‘inadequate’ banking rules
Today the Chancellor George Osborne will face fresh demands to toughen up “inadequate” new banking regulation as public pressure mounts over the controversies plaguing Royal Bank of Scotland, the Co-operative Bank and payday lenders.
This abstract from the Financial Times was produced by Kantar Media
Financial Times, p. 1

Osborne undergoes sudden change of heart on payday loans
George Osborne yesterday reversed his stance on payday loans, announcing his intention to impose a legal cap on such provisions.
The Guardian, p. 8
Also appeared in : The Daily Telegraph, p.16, The Daily Telegraph Business, p.1, The Independent, p.1-5, The Times, p.28

Cutting debt is still priority for companies and families
Banks continued to withdraw credit from both businesses and households last month, according to figures from Britain’s high street lenders.
The Times, p. 47

Watchdog launches funds’ fees overhaul
The Financial Conduct Authority, Britain’s financial watchdog, launched an overhaul of asset managers’ charges for research and corporate access, which have fuelled concerns that customers are being short-changed.
This abstract from the Financial Times was produced by Kantar Media
Financial Times Companies and Markets, p. 22

The above articles appeared on 26/11/13 reproduced with the kind permission of Kantar Media UK. All rights reserved.

Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol.