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Lending volumes up 17% at L&G Mortgage Club

Legal & General Mortgage Club carried out  £11.6bn of mortgage completions in 2010, a 17% increase on lending volumes in 2009.

Figures from the Council of Mortgage Lenders show there was £142bn of gross lending in 2009 however in 2010 this fell to £136.3bn, which shows L&G Mortgage Club is bucking the trend.

Ben Thompson, managing director at Legal & General Mortgage Club says despite the continued uncertainty in the housing market and with future regulation still a little unclear, he is positive and very optimistic for the year ahead.

He says: “We are successful because we have the ability to make the most of our strong corporate relationships with many banks and lenders but also we can continually research, analyse and measure real-time transactional data and trends to ensure we understand the needs of the market and react quickly to seize the right opportunities.

“Our strong relationships with many partners and lenders, is vital and allows us to develop a broad choice of competitive products and services that have wide appeal.”


MPC maintains low interest rates

The Bank of England has held inter-est rates at 0.5% for the 23rd month in a row. Last week the Monetary Policy Committee voted to keep the base rate on hold and maintain the size of the Asset Purchase Programme at £200bn. Minutes from the January MPC meeting showed the Bank was edging a step […]


Large mortgage loans & bankers’ bonuses

This week we shall undoubtedly see the thorny subject of bankers bonuses raising its head again, especially as Barclays is due to be the first bank to reveal its bonus figures on Tuesday.

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


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