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Week in numbers

31,888 – The number of mortgages that were approved for house purchase in March, figures from the British Bankers’ Association show.

13 – The number of properties worth more than £1m sold in Wales in 2011 compared with six in 2010, according to Bank of Scotland.

26% – The number of people who think now is a good time to make major purchases in a Nationwide consumer confidence poll.

60% – The percentage of adults in the UK without life insurance, Barclays’ research shows.

£2.5bn – The amount Santander has set aside to deal with rising repossessions in its home country of Spain.

28 – The number of NewBuy deals arranged by specialist broker New Home Mortgage Services.

2,200 – The number of UK jobs axed by HSBC as part of global staff reductions of 30,000 by 2013.

5% – The percentage by which sales of £1m-plus properties fell in 2011 to reach 6,911, says Lloyds Banking Group.

0.1% – What house prices rose by in April, according to Hometrack.


Let dust settle to see true lending trends

February’s lending figures showed the number of first-time buyers in the month had risen by 18% from February 2011, with the value of those mortgages up by 21%.

Barclays products target borrowers hit by SVR hikes

Barclays has launched four fixed rate mortgages for borrowers hit by SVR hikes. The deals include a two-year Great Escape remortgage product at 3.89% up to 70% LTV, which allows customers to switch their mortgage to Barclays with no application fee, free legals and valuation, and £300 cashback. Other additions across the residential range include […]


See glass as half full in these testing times

Albert Einstein once said that in the middle of difficulty lies opportunity. That’s definitely true of the mortgage market.
We have had the recent changes to interest-only and tightening of lending criteria.

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.


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