Gross mortgage lending by mutuals rose 6% in July compared with the same month last year, according to the Building Societies Association. Mutuals lent £2.1bn in July, up from £2bn in July 2010.
Accord Mortgages has reduced rates by up to 0.45% across its mortgage products at both 75% and 85% LTV.
The Financial Services Authority has fined Essex based mortgage lender Swift 1st Limited £630,000 for unfair treatment of some customers facing mortgage arrears.
Dragonfly Property Finance has suspended its relationship manager Martin Gilsenan.
The proposed simplification to planning policies could lead to a tussle between localism and national growth
The UK is ending what has been its slowest economic recovery on record with a marked acceleration in growth. Neptune’s forecast for UK GDP growth in 2014 is 2.5 per cent, up from 2013 growth of 1.8 per cent as estimated by the Office for National Statistics. When considering the changing UK macro outlook, three important questions remain:
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