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.jpg "Remortgage lending reaches £3.4bn in April...")
LMS figures reveal that monthly gross remortgage lending increased by £489m in April to £3.4bn. This is up 17.0% on March’s £2.9bn reported by the Council for Mortgage Lenders last week.
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UK GDP in volume terms was estimated to have increased by 0.3% between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication by the ONS.
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The FCA has fined J.P. Morgan International Bank Limited £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services.
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The CML estimates that total gross mortgage lending increased by 4% on March to £12.1 billion in April, but cautions that meaningful comparisons with last April are difficult.
Mortgage News
Remortgage lending reaches £3.4bn in April
LMS figures reveal that monthly gross remortgage lending increased by £489m in April to £3.4bn. This is up 17.0% on March’s £2.9bn reported by the Council for Mortgage Lenders last week.
Loans & Lending News
BBA data: mortgage approvals continue to rise
Net mortgage borrowing from the banks fell by 0.1% over the year to April, according to the latest mortgage data from the British Bankers' Association.
Commercial Finance News
73% of brokers say they would recommend 'versatile' bridging finance
United Trust Bank’s broker survey has revealed that 9 out of 10 (91%) bridging finance brokers believe that awareness of the versatility of bridging finance as a short term option has increased over the last 12 months.
Economy News
Help to Buy boosts development finance confidence, says Knight Frank
Knight Frank today releases its annual report on the new-build housing sector, based on a comprehensive survey of senior executives from over 100 housebuilders and developers in the UK.
Debt & Insolvency News
Loan books unwind - but property debt increasingly polarised
Debt held against UK commercial property stood at £197.9bn at the end of 2012, a year-on-year fall of 7.7 per cent, but also revealed continued falls in the value of the worst performing assets.
Regulation News
FCA bans and fines director for conflicts of interest
The FCA has today published a Decision Notice against Angela Burns deciding to ban and fine the former non-executive director £154,800 for failing to disclose her conflicts of interest.
Insurance News
Holloway Friendly launches 24-hr support for income protection clients
Holloway Friendly this week launches a 24 hour advice and information service for its income protection policy holders. Advisers can access the Care First package for their clients through Holloway’s ‘member support package’.
Business News
Winterhill Largo launches risk management business
Asset valuation and recovery specialist and financial outsourcing group, Manchester-based Winterhill Largo, has launched a new business, Winterhill Risk.
Technology News
Tenet rolls out 'social service' for advisers
Tenet has introduced a compliance-approved social media framework for its advisers, following the group’s own corporate entry into the arena earlier this year on Facebook, Linked-In, Twitter, Vimeo and Youtube.
Equity Release & Pensions News
HMRC crackdown will 'prevent pension-busting', says deVere Group CEO
The proposed changes to QROPS set out today by HM Revenue & Customs will “help prevent pension-busting” says the boss of the world’s largest independent financial advisory organisation.
Investments & Offshore News
Barclays stockbrokers report strong start to the year
New analysis from Barclays Stockbrokers reveals a strong start to the new tax year for funds investing by its clients
Surveying & Conveyancing News
e.surv rolls out Q-Mobile software to 400 surveyors
Landmark Quest has today announced the successful roll-out of mobile tablet devices and Q-Mobile software to e.surv Chartered Surveyors’ national team of residential valuation surveyors.
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