The Funding for Lending Scheme was the Bank of England’s bazooka-like attempt to force banks and building societies to lend by offering cheap funds in return for an increase in net lending. While the decision to pull the scheme for mortgage lending came as a shock, the positive to take away from the move is that the Bank clearly believes the mortgage market’s recovery is well underway.
- Top trends
Surveyors are predicting UK house price increases of 8 per cent next year. In its annual housing market forecast, published today, the Royal Institution of Chartered Surveyors has predicted double-digit growth in London (11 per cent), the East Midlands and the East of England (both 10 per cent) in 2014. It has also predicted house […]
The Council of Mortgage Lenders has appointed Lloyds Banking Group mortgages director Stephen Noakes as its new chairman. From the beginning of January Noakes will succeed Nigel Terrington, chief executive of the Paragon Group of Companies, who has been chairman for the last year. Noakes will be supported by two deputy chairmen – Royal […]
NatWest Intermediary Solutions will launch products for the Help to Buy mortgage guarantee scheme next month. There are no product details at this time and an exact launch date is expected in early January. NatWest’s parent, Royal Bank of Scotland, has already launched products for the scheme, along with Halifax, HSBC, Aldermore and Virgin Money. […]
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Jelf Employee Benefits highlights new legislation, key requirements and policy considerations when structuring international private medical insurance (IPMI) for expatriate employees in Qatar. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Qatar.
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