Fls Funding For Lending
Brits withdraw savings at fastest pace for 40 yearsNew figures from the Bank of England show that UK households have withdrawn over £24 billion of savings in the last year, reversing a trend that started after the financial crisis. |
Banks finally start passing on FLS lending to customersBanks have lent out more than they have taken out of the Funding for Lending Scheme for the first time since the scheme started in the summer of 2012. |
Bank of England moves to stop house price bubbleThe Bank of England has announced that it is to stop the residential mortgage lending element of the Funding for Lending Scheme to focus on business lending. |
Demand for Help to Buy 2 could be hit by strict lending rulesCritics argue that unless there is an increase in the supply of new homes the Help to Buy scheme will not help the people it is intended to help. |
CML plays down talk of house price boomThe Council of Mortgage Lenders says that gross mortgage lending reached £16.6 billion in August, almost exactly the same as July's figure which was the highest since October 2008. |
FCA to conduct review of savings account marketThe Financial Conduct Authority is to undertake a market review of the savings account market, including bonus rates that are reduced soon after attracting savers. |
House price increase brings more sellers to marketRics notes that an increase in house prices has led to more people selling their home and says that it will be carefully monitoring the market so prices do not become unaffordable. |
First-time buyer numbers up 45%A new report by LSL Property Services shows first-time buyers have helped boost the property market but a lack of supply and rising prices could stop this trend. |
Mortgages prop up Funding for LendingFunding for Lending is being driven forward by an increase in mortgage lending, the Bank of England has said. |
Lending to small businesses at highest level for two yearsLending to SMEs grew at its fastest pace on record in June, but mortgage approvals for homes has fallen over the month, creating an overall mixed picture. |
Trend continues as mortgage lending up, business lending downThe Bank of England reports that mortgage approvals rose to 58,242 in May and are up by almost 20 per cent on an annual basis, but business lending fell once again. |
CML: Mortgage lending jumps 21% in May to reach 5-year highGross mortgage lending went up 21 per cent in May, according to the Council of Mortgage Lenders, to reach the highest level since the start of the financial crisis in 2008. |
FSB: Osborne must capitalise on increased business confidenceA new report by the Federation of Small Businesses says that while confidence amongst businesses is improving, the Chancellor must use the Spending Review to capitalise on this. |
Mortgage lending boom comes at expense of business lendingThe Bank of England report mortgage approvals went up to a 4-month high but business lending fell by £3 billion in April and consumer credit saw the smallest increase since January. |
House prices up 0.4% in May to highest level since July 2011Nationwide's latest survey of the UK housing market shows that prices in the UK continued the positive trend seen in the early months of 2013, going up by 0.4%. |
House prices rise at fastest pace since 2007Hometrack reports that a lack of supply is behind the biggest monthly house price rose for six years as prices rose by 0.4 per cent in May. |
Demand for new homes at highest level since 2009, says RICSThe Royal Institution of Chartered Surveyors reports rising demand for new homes and increased house prices from its surveyors helped by government initiatives such as Help to Buy and the FLS. |
The top ten fixed rate savings bonds for 2013We countdown the highest paying fixed rate savings bonds whether you are looking to save for one year or up to five years. |
New home building up in Q1 as registrations rise by 22%In a further indication that the UK property market is growing, new build home registrations rose in every region in England, though they fell in Scotland and Northern Ireland. |
Mortgage best-buys: The top deals for first-time buyers2013 has brought with it renewed hope for first-time buyers thanks to the Funding for Lending Scheme. We round up the best deals for all types of FTB mortgages. |
Leeds BS cuts rate by 0.50% on LAMS first-time buyer mortgageThe Leeds Building Society has announced that it has cut the rate on its Local Authority Mortgage Scheme mortgage by 0.50 per cent to 4.99 per cent. |
Nationwide: "Momentum" in housing market despite drop in pricesNationwide reports that house prices fell by 0.1 per cent in April but in a sign of the impact of the Funding for Lending Scheme, first-time buyers form the largest proportion of buyers since records began in 2005. |
Mortgage approvals jump in March as FLS boosts supply of creditThe Bank of England reports that mortgage approvals rose in March but there was a small decline in lending to small businesses. |
ITEM Club predicts 8.5% increase in business lending in 2014The ITEM Club says business lending will rise by 3.5 per cent in 2013 and by 8.5 per cent in 2014 helped by an improvement in credit conditions. |
Will the new FLS mean more business lending or help landlords?The Bank of England has announced that it is to extend the Funding for Lending Scheme until January 2015 with more incentives to lend to small businesses. |
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