View more on these topics

UK banking retains leading position

Britain&#39s banking sector is bigger than the commercial banking sector in any other EU country according to latest research issued by the British Bankers&#39 Association (BBA).

The BBA&#39s annual review, Banking Business, shows that the British banking sector has assets of over €5,000bn (£3,145bn), representing a fifth of all European banking assets.

Britain is also the largest centre in the world for cross-border bank lending, accounting for 21% of the world total. Earnings from services and investments contributed around £12bn to the UK&#39s balance of payments – 40% of the net overseas earning of the whole financial services sector.

The research also shows that the pattern of demand from companies for bank finance has changed in recent years. Lending to manufacturers, wholesalers and retailers has risen only slightly over the last five years, while lending to construction and property companies has more than doubled.

Demand for bank finance from small businesses has changed pattern too. Overdraft borrowing has decreased as small businesses choose to structure their finance through term loans, but the BBA figures show that small businesses are also holding higher deposits.


The end of the beginning is nigh

Last week the Financial Services Authority published Consultation Paper 146: The FSA&#39s approach to regulating mortgage sales. From around mid-2004, intermediaries that sell mortgages will need to be authorised by the FSA. As we reveal across 15 pages in this special issue of Mortgage Strategy, there are no real surprises in CP146. Introductions to any […]

Mortgage Talk/Barnsley Building Society arrange northern new homes deal

Mortgage broker Mortgage Talk has joined forces with the Barnsley Building Society to launch an exclusive discounted rate mortgage deal. &#39The New Homes Discount Rate&#39 product is only available to Mortgage Talk clients looking to purchase new homes in the Yorkshire, Lincolnshire, Nottinghamshire and Derbyshire areas. On a LTV ratio up to 75%, the New […]

Never too old to learn

From Neale R ScottI write as a &#39long-in-the-tooth&#39 mortgage adviser having been in the business for some 26 years. I&#39m yet to sit the CeMAP exams (first is booked for August 30), am dreading every minute until December 31, and am desperately trying to find time to study, &#39do&#39 the business and keep family happy. […]

My mortgage week – Paul Duckworth

Monday: Got to work early (around 7.00am) to prepare for today&#39s group board meeting. Managed to read up on the Sandler report and took on board the comments and views from the trade press (inc. Mortgage Strategy, of course). Spent most of the meeting discussing a pilot with a top lender for our new product, […]


News and expert analysis straight to your inbox

Sign up