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Barclays breaks own record with 12.8% of all deals

Barclays’ grabbed its biggest ever share of the UK mortgage market in 2012, advancing 12.8 per cent of all mortgages.

In 2011 the bank had a 12.1 per cent of the UK mortgage market.

Gross new lending totalled £18.2bn in 2012, up from £17.2bn the year before, contributing to a 6 per cent annual rise in mortgage balances, from £107.8bn to £114.7bn.

New net lending rose from £6.5bn in 2011 to reach £7.2bn in 2012.

The average LTV of Barclays mortgage portfolio stood at 46 per cent in 2012 while the average LTV of new mortgage lending was 56 per cent.

Barclays managing director for mortgages Andy Gray says: “With one in eight mortgages coming from Barclays, this demonstrates how we are helping people to move, remortgage or take their first step onto the housing ladder. We will continue our commitment to helping more buyers across both intermediaries and directly through our branch network this year.”


MS 18Feb Cover Index

The war on fraud

Is the mortgage industry winning its five-year battle against the conmen? No, says Experian, which warns of a fraud surge this year. Yes, says the PMS’s John Malone, who believes that initiatives to combat the problem are working

Lib Dems float mansion ‘super tax’ plans

The Liberal Democrats are looking at proposing a mansion “super tax” which would see their mansion tax plans extended to hit multiple properties including second homes and buy-to-let properties worth a total of over £2m.

RBS to offer NewBuy products through brokers

Royal Bank of Scotland is planning to offer NewBuy products through intermediaries for the first time, with experts predicting that NewBuy applications could hit the 10,000 mark in 2013.

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Guide: how to… audit your auto-enrolment scheme compliance

As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.


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