Nationwide has denied losing its grip on the mortgage market after its half-yearly results revealed its share of the net market dropped by 5.4%.The society’s half yearly results show an 8.3% share of the net mortgage market for the period April to September 2005, down from 13.7% in 2004. It also had a reduced share of the remortgage market, down from 10.8% in 2004 to 8.2%. A spokesman for Nationwide says: “We are comfortable with the results which, though slightly below our par share of 9%, show we’re not chasing market share at the expense of lending policy.” He adds the society doesn’t plan to up the ante and claim back its lost market share but will instead concentrate on maintaining business performance to get share levels closer to its 9% par.
The Royal Institute of Chartered Surveyors has responded to the Office of the Deputy Prime Minister house price data for September, Milan Khatri, chief economist at RICs, says: “Figures released by the ODPM today show that house prices rose 3.3% from year ago levels in September, compared to 2.8% in August. “The pace of house […]
Brits with a dream home in the sun are being overcharged by the banks when transferring money regularly from the UK, says Currencies Direct. Emigrating or having a second home abroad is increasingly common, with over 208,000 people moving overseas last year. As a result, the requirement for transferring money abroad has increased. In direct […]
Competition for residential mortgages has never been more fierce and proc fees are being squeezed. But there is a largely untapped market out there that is ripe for exploitation – commercial mortgages.
Mortgage Trusts latest survey reveals that 46% of landlords are not aware of the Houses in Multiple Occupation regulations due to come into effect in April 2006. Of those landlords who were aware of the licensing requirements, 44.2% became aware as a result of media coverage of the regulations whilst 21.6% of landlords became aware […]
Video update from Mark Martin, Head of UK Equities, Neptune Investment Management With the Brexit referendum scheduled for 23 June, how much risk is priced into the market and is the current volatility a long-term buying opportunity? Watch Mark Martin, Head of UK Equities, and Holly Cassell, Assistant Manager on the UK Mid Cap and […]
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