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Rudi Schlenker Archive
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The market by letters – A
Our weekly look at the mortgage market, letter by letter starts with that perennial favorite A is for APR. APR stands for Annual Percentage Rate, and is designed to allow you to compare different credit and loan offers by describing the interest rate for a whole year rather than just a monthly fee/rate. It’s calculated [...] -
Market News
House Sales The National Association of Estate Agents (NAEA) reported the encouraging news that their members sold more houses in April, than in any month since October 2007. The NAEA Market Survey for April, showed that on average estate agents sold 10 properties over the period, with the average sale price 6% lower than the [...] -
Nationwide Profits Hit by Bad Debt and Increasing Fees.
Profits at Nationwide the UKs largest building society fell 69% in the year to April, as Financial Services Compensation Scheme fees, increasing bad debt and low interest rates took their toll. With their contribution to the Governments compensation scheme amounting to £241 million, the lender reported profits down by £473 million for the year. Chief [...]
