- 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 market 'showing resilience'
Tue 8 Jan 2008 11am
The UK mortgage sector is still performing well despite tightening market conditions, a new report has claimed.Figures released for November 2007 by the Council of Mortgage Lenders (CML) show that, although gross lending was down on previous months, the market demonstrated considerable "resilience" in the face of the global credit crunch.
According to the CML, gross lending fell by 10.4 per cent from October to £30 billion, while lending for house purchases decreased by 3.1 per cent, totalling 80,000 transactions.
The organisation's director general Michael Coogan sounded a positive note about the modest nature of these declines and said that conditions could improve if the Bank of England decides to reduce interest rates this week.
He commented: "At a time of global market uncertainty, business levels in the mortgage market are holding up reasonably well in the UK despite funding constraints.
"Consumer confidence would be further underpinned by another rate cut this week."
The Bank's monetary policy committee will make its interest rate decision on Thursday (January 10th), with the minutes of the meeting due to be published on January 23rd.
