View more on these topics

Week in numbers

£125,000 – Cash you’d need to purchase a four-bedroom house with a large garden and private pool in Orlando, USA, according to HSBC’s first annual overseas property report. If you fancy something closer to home, the same amount of money will get you a 1-bedroom studio flat in Nice, France.

£1,320 – Amount Leeds Building Society has donated to St George’s Crypt, the homeless charity, from its annual general meeting.

30,000 – Number of companies the Department for Business Innovation and Skills says will be launched as part of its start up scheme. The first wave of cash from the £82.5m start up loans scheme is now being distributed to the next generation of young entrepreneurs.

74% – Percentage of MoneySupermarket users who supported children receiving financial education on how to manage money at school. A further 22% agreed that financial education is important with parents taking responsibility for their child learning about money.

61% – Students who admit to cooking their first meal at university, according to new research from insurer Endsleigh.

£39 – The amount pre-retirees aged between 55 and 64 are saving each month according to research from Aviva. Despite this age bracket having the highest gross monthly income on average at £1,560, the £39 represents just 2.5 per cent of their monthly income.

£300m – Value of goods children leave with their parents when they leave home and go to university. A quarter don’t know if these are insured or don’t have cover for the items. But surely a table at the local car boot sale is the profitable and efficient solution here?

£10,000 – The amount Fidelity Worldwide Investment says your pension pot could have built up within 10 years, if people voluntarily join your pension scheme rather than waiting to be auto-enrolled.


State Bank of India halts new mortgage lending

State Bank of India has indefinitely stopped accepting new mortgage business in the UK after being overwhelmed with applications. SBI launched a buy-to-let range in the UK mortgage market in September 2011. The bank says it expects to begin offering buy-to-let deals again shortly, but a source says lending is likely to be halted for […]

LTV cap would put the brakes on NewBuy, says CML

The Council of Mortgage Lenders has warned the Government it risks jeopardising the success of the NewBuy scheme if it gives the Bank of England’s financial policy committee the power to cap loan-to-values and loan-to-income ratios. Last week, the Government launched a consultation the macro-prudential powers that could be given to the Bank of England’s […]


LV= unveils gender pipeline strategy

LV= will switch to gender neutral rates on 1 December in an effort to deal with pipeline cases ahead of gender neutral pricing. The provider will underwrite an application based on medical information provided and offer customers a pre-gender premium as long as the application is received by 1 December. If further medical evidence is […]

Mortgage approvals rise 10% in August

Mortgage approvals rose 10 per cent between in August to hit £7.7bn, up from £7bn in July, according to the latest figures from the British Bankers’Association.


News and expert analysis straight to your inbox

Sign up