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BoE releases mortgage figures for September 2005

The Bank of England today released its mortgage figures for September 2005, which show a steady increase in the market for home loans.

Total net lending to individuals in September increased by 9bn, broadly in line with the 8.9bn increase in August and the previous six month average.

Within the total net lending secured on dwellings increased by 7.7bn, also broadly in line with the 7.6bn increase in August and slightly stronger than the previous six month average.

The 12-month growth rate fell to 10.2% in September from 10.3% in August. The number of loans approved for house purchase was 1,000 higher than in August, and those for remortgaging and those for other purposes were also higher (by 5,000 and 2,000 respectively)

Consumer credit increased by 1.2bn, which along with its components credit card lending and other loans and advances was broadly in line with Augusts outturn and the previous six month averages.

The annual growth rate of consumer credit continued to fall, to 10.9% in September.


AMI launches One Year On campaign

The Association of Mortgage Intermediaries has launched its One Year On campaign, calling for intermediaries to offer input on their experiences.Whether they have been engaged in regulatory reporting, financial promotions, periodic fees, or disclosure documentation and record keeping, AMI has been in constant dialogue with intermediaries and the regulator on the key issues that firms […]

FSA publishes performance against service standards

The Financial Services Authority has published its performance against service standards for the last six months.The FSA also announced two new standards and tightened the standards for five processes.The Performance Account report, provides detailed information about the FSA’s service standards, its performance against them, and the measurement of customer satisfaction.David Kenmir, managing director of regulatory […]

Clear direction for housing needed, says RICS

The government’s extended deliberations about the way to improve availability, choice and diversity in UK housing is creating a climate of uncertainty for investors, which risks holding back development.The Royal Institution of Chartered Surveyors has issued its latest comments on the Barker Review on Housing to the Office of the Deputy Prime Minister.Louis Armstrong, chief […]

Brokers say MEX should have named dodgy BDM

An overwhelming 73% of the industry says Mortgage Express should have named and shamed the business development manager found to have been advising brokers how to mis-sell self-cert mortgages. While MEX withheld the name of the individual involved for the sake of their career, it seems brokers take a dim view of anyone or anything […]

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In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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