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Purchase instructions and completions rise

The Conveyancing Alliance saw a 23% increase in purchase instructions in Q1 2010 compared with Q1 2009.

Purchase completions for Q1 2010 were also 60% greater than the corresponding quarter in 2009.

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Credit lent plunges from levels seen in 2008

Total credit lent by Finance and Leasing Association members in February was £3.7bn – just 5% lower than in the same month last year but almost 30% lower than levels in February 2008.

Dates for your DIARY…

MAY 5-6: Building SocietiesAssociation’s annual conference in Manchester The BSA must have cursed when Gordon Brown announced the date for the general election as May 6. Apart from who will win the election, regulation and funding will no doubt be top of the agenda. MAY 6: General electionWe’ve been waiting for it for a month, […]

Santander reports £426m profit in Q1

Santander UK has reported a pre-tax profit of £426m for the first three months of the year – a rise of 15% compared with the same period last year. The Spanish bank, which owns Alliance & Leicester and Abbey for Intermediaries in the UK, made a group profit of £2.2bn (£1.9bn), up 6% from Q1 […]

GERRY O’BRIEN:  NEGOTIATIONS ARE SERIOUS

Talks to save Home of Choice give ARs hope

As Mortgage Strategy went to press the directors of Home of Choice were in eleventh hour talks with a plc to rescue the network. The news will bring hope to hundreds of appointed representatives who risk losing their businesses should the deal collapse. The network was believed to have been close to securing a deal […]

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