- Warning. Beware of financial advisers promising unusually high investment returns.
- In Money Marketing this week the Financial Services Authority is warning advisers about the dangers of selling dodgy non regulated investment products. What about warning the public?
- Wed 28th Jul 2010
- Have you been miss-sold your mortgage and are now stuck in mortgage hell.
- I have been speaking to a number of mortgage gurus over the last few days and the prickly topic that keeps cropping up is mortgage miss-selling.
- Wed 14th Jul 2010
- Bank of England to hold interest rates until May 2011. Good news.
- The british chamber of commerce have stated that rates will be on hold for quite some time.
- Tue 6th Jul 2010
Mortgage approval levels 'fall sharply'
Thu 27 Dec 2007 3pm
UK mortgage approval levels have fallen by over 40 per cent, it has been claimed.According to reports, data released by the British Bankers' Association (BBA), a UK-based trade association established in 1919, shows that mortgage approval levels fell significantly last month compared with 2006.
"Consumers are striving to curb their use of credit cards and find less expensive ways of financing their spending," said Howard Archer, an economist at Global Insight.
"Although most of the news coming out of the housing market has been poor of late, the hint of stabilisation in the ... approvals data is not entirely isolated," said Malcolm Barr, an economist at JPMorgan, in a report by the Financial Times.
Although November's approval figures are higher than for October at 44,811, the figure is lower than the 57,342 recorded as a six-month average.
BBA data shows that in October, mortgage approvals reached 44,321.
