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Nationwide sees lending rise

Nationwide’s half-year results show gross residential lending up 34% to £14.5bn over the corresponding period last year.

Net lending was up almost 50% to £5.9bn, the number of mortgage sales were up 17% and the society appeared in mortgage best buy tables 272 times between April and September 2006.


Britannia offers 40-year mortgages

Britannia is increasing its maximum mortgage term to 40 years. Tim Franklin, managing director of Britannia’s member business, says: “As a responsible lender we looked at ways for aspiring first-time buyers to overcome affordability problems so we have revisited our policy on mortgage terms.”

IVA specialists are set to ride the debt spiral

Government figures reveal the shocking truth. Over 26,000 people became insolvent during the second quarter of 2006 – an increase of 66.3% over last year. Extrapolate these figures and insolvencies could exceed 100,000 this year and sail past 150,000 by the end of 2007.

Lib Dems slam Cameron’s debt plan

Responding to the Conservatives’ plans to tackle personal debt, the Liberal Democrats have criticised the Tories’ view of the current personal debt crisis.Vince Cable MP, shadow chancellor for the Liberal Democrat, says: “For the Conservatives to come to the table and argue that personal debt is a matter of social responsibility is utterly two-faced.“It was […]

Journalists such as Isabelle Kassam are good for us all

From Mike Lazenby There are few certainties in life – one is that we will all die and another is that there are too few financial journalists who are sufficiently astute, bright, challenging, scary or honest to take the mortgage industry to task when it falls down. Speaking as a long-time media tart, there are […]

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


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