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Total lending up £4.9bn in May, says BBA

Latest figures from the major British banking groups published by the British Bankers&#39 Association for May 2004 show that mortgage lending rose by £4.9bn during the period.

Total sterling lending to the UK private sector showed an underlying net increases of £10.8bn to £996.6bn and overall lending to non-financial companies expanded by £3.8bn.

David Dooks, BBA director of statistics, says: “After several months of buoyant mortagage lending, it would be premature to conclude, just on the basis of weaker lending in May, that the market is moderating. Consumer credit overall was much in line with the current average, with credit card lending being slightly stronger than average and other loans slightly weaker. In the corporate sector, continued strong lending to property companies was the main driver of the data.”


Gay insurance expert invited to join industry working group on HIV

Chris Morgan, editor of Pink, has been invited to join the Association of British Insurers&#39 new working group focusing on HIV and self-responsibility as a consultant. Over the last 12 months Morgan has contributed heavily to the new best practice guidelines on HIV and Insurance,which are about to be applied to the industry. Morgan&#39s […]

Over 50% of FTBs buy with their partners

Over half of first-time buyers (57%) will be buying their first property with their partner, despite the fact that less than a quarter of them (22%) cite their reason for buying as being ableto live together. The findings, from Alliance & Leicester Mortgages&#39 &#39First-Time Buyer&#39 research, show that with property prices becoming more difficult to […]

Lifeboat goes live with Momentum software system

Lifeboat Financial Group has launched its advanced software system Momentum to its new mortgage network, Lifeboat Mortgage Solutions. All members of the network will use the Momentum Sales system provided to them by Crystal Software Solutions. The system supports the complete sales process including fact-finds, illustrations, recommendations, applications, electronic submission and case tracking. The system […]

The Money Centre offers electronic portfolio review system

Specialist buy-to-let brokerage The Money Centre has teamed up with Property Intellect, the property investment software published by Wild Rabbit Software, to offer clients the opportunity to potentially save significant amounts of money on their borrowings. Property Intellect users are now able to review their entire borrowing and asset portfolio and send this information instantly […]

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Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


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