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Finance Archive
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Gross Mortgage Lending 10% Higher Than a Year Ago
According to CML (Council of Mortgage Lenders) figures released today, gross mortgage lending was an estimated £13.4 billion in August, a 10% increase from £12.1 billion in August 2010. This was also a 6% increase from £12.6 billion in July. This is the highest level of lending since July 2009 when total lending was £14 [...] -
Complaints to Financial Ombudsman Service increased in first 6 months of 2011.
Data just released by the Financial Ombudsman service (FOS) showed that complaints rose by 54% during the first half of 2011 to almost 150,000 when compared to the previous 6 months. The mis–selling of payment protection insurance by the large banking groups was responsible for the huge increase, accounting for around 72,000 of total complaints. [...] -
Nationwide latest house price index shows fall
Nationwide, the UKs largest building society, announced this morning that house prices dropped by 0.6% in August and have dropped by 0.4% over the past year. House prices now stand at an average of £165,914. Nationwide expects the sluggish market to persist and the period of stability seen over the last 12 months to continue [...]
