View more on these topics

Mortgage approvals dip in December

The number of mortgage approvals for house purchase fell slightly last month from 60,045 in November to to 59,023, according to Bank of England data.

Yet although approvals fell over December the number is still up compared to the average for the past six months of 55,004.

Remortgage approvals rose last month to 27,276 from 25,619 in November, but remain below the previous six-month average of 28,417.

Total net lending to individuals rose by £1.2bn in December, while net lending secured on dwellings increased by £1.2bn.

Secured lending by banks excluding the effects of securitisations went up by £3bn.


This is the self-preservation society

Labour MPs Elliott Morley and David Chaytor – who are being investigated by police over Daily Telegraph allegations they spent taxpayers’ money on non-existent mortgages – and a third MP, Jim Devine, alleged to have submitted a claim for more than £2,000 for rewiring his flat using a bogus VAT number, are reported to have […]

Spotlight on risk assessment

In the concluding part of his report from the US mortgage front line Craig Focardi say that servicers could better help borrowers in difficulty if they revamped their credit risk assessment techniques

FSA should support the brokers hit by network’s collapse

The article entitled ’FSA reveals it shut Mortgage Times because of £1m capital shortfall’ on Mortgage Strategy Online on January 25 got me thinking. Am I the only one who believes the regulator should be supporting the brokers affected by the collapse of the Mortgage Times network with a compensation scheme? This would be similar […]

The Perils of Passive Investing

The era of loose monetary policy created an environment that rewarded passive investors in the US. However, with the US raising interest rates for the first time since 2006, Felix Wintle explains why he believes active investing will be more important than ever. In the video Felix discusses: The rising cost of capital and its […]


News and expert analysis straight to your inbox

Sign up