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House purchase loans up on six month average

The number of house purchase loans approved in February was higher than the previous six month average, data from the Bank of England has revealed.

The number of loans approved for house purchase hit 37,937 last month, up from the 31,791 seen in January and also up from the average over the last six months of 31,495.

But remortgage approvals fell in February to 32,633, a drop from the previous six month average of 52,780.

Total net lending to individuals rose by £1.3bn, a higher increase than January’s £1.2bn but lower than the six month average of £1.5bn.

Consumer credit declined by a net £200m, while net credit card lending increased by the same amount.


RBS IP posts PartnersForum details

Royal Bank of Scotland Intermediary Partners is hosting a roadshow programme featuring keynote speakers from Countrywide and Openwork.

Malone’s on form

The first time I interviewed John Malone, managing director of PMS, was in November 2000. Back then, PMS was part of Scottish Amicable and I went to his office in Glasgow and afterwards we went to Pizza Express, where he enjoyed a Caesar salad and I had my usual Margarita with a splash of pepperoni.

Long-term hope for brokers

Brokers have long prophesied that with the base rate at an all-time low the market would see an opportunity for long-term fixed deals at some point. It seems that time has arrived.

Exclusive sets up packaging unit

Exclusive Connections has set up a special unit at its Peterborough head office to provide packaging and other services to members that would like to outsource the packaging side of their business.


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