View more on these topics

Week in numbers

6 – The number of residential mortgage products Skipton Building Society is offering via brokers after relaunching a slimmed-down version of its range.

2.8 – The number of weeks the average rental property stood empty in 2011, down from 3.2 weeks in 2010, says Paragon Mortgages.

£2bn – The amount of its government loan that Northern Rock Asset Management paid back last year, the results of its holding company UK Asset Resolution show.

£500m – The amount in avoided tax that Barclays has been ordered to pay back to the Treasury.

26 – The number of awards handed out at the Mortgage Strategy Awards last week.

50% – The proportion of the working population in England who only have primary school maths skills, figures from the government revealed last week.

£3.6bn – The amount of bad debt written off by UK credit card companies in 2011, Bank of England data shows.

20% – The proportion of Platform’s buy-to-let business in December 2011 and January 2012 that came from accidental landlords – home owners who rent their property when they move.



Claims overload closes down two Norton firms

Norton Finance and Norton Insurance Services have been placed in administration due to the volume of payment protection insurance mis-selling claims against them. The companies are subsidiaries of Norton Finance Group which continues to trade profitably and is unaffected by the administration. The group estimated that it would cost the firms £2.2m to deal with […]


SVR increases add to borrowers’ woes

Despite base rate remaining at 0.5% for three years Bank of Ireland yesterday became the second lender in less than a week to announce an SVR increase.

Plenty still to be done despite B2L growth

The Council of Mortgage Lenders has announced the 2011 figures for buy-to-let and they are a pleasant surprise compared with what was being predicted.


News and expert analysis straight to your inbox

Sign up