View more on these topics

Lloyds says it is on track to make double digit profits

Lloyds TSB says it is set for double digit growth in profit for the first half of the year.

It says tight cost controls, flattening bad debt charges, and strong sales of insurance and investment products have helped it to achieve this.

In a trading statement, Lloyds said cost discipline had resulted in a ‘substantial’ improvement in its cost to income ratio, and reiterated its target of reducing expenses by 125m this year.

Eric Daniels chief executive at Lloyds TSB, says: “The group remains firmly on track to deliver a good trading performance for the first half of 2007 and, as we look to the future, we are increasingly confident in the group’s earnings growth prospects.


Debt consolidation via mortgages is dangerous has warned that home owners could slip further into the red by consolidating debts through their mortgages.Recent research from Credit Action shows the UK’s debt mountain grows by 1m every four minutes. says home owners looking to transfer debts racked up on credit cards, bank loans and overdrafts to their mortgages could end […]

£1,000 Per HIP to survive

An out-of-work home in-spector predicts he would have to charge £1,000 for each Home Information Pack to make a living after August 1.Jason Cross is a fully accredited home inspector who had a job lined up with since the government’s decision to phase in HIPs from August 1, has scrapped its hiring policy.Cross, […]

Short-term fixes are OK for some

Despite what John Wriglesworth says, brokers will not be doing their clients justice if they dismiss the possibility of recommending two-year fixed rate deals, says Sally Laker

Cunning HIP plan was fatally flawed from the beginning

I’d like to congratulate you on the ‘A-Z of HIPs’ cover story in the May 28 issue of Mortgage Strategy. Since they were first mooted, Home Information Packs have been poorly thought out. One of the main rationales for the introduction of HIPs was to speed up the house buying process by preventing sales from […]

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]


News and expert analysis straight to your inbox

Sign up