FROM OTHER NEWS SITES

DAILY TELEGRAPH
'Friends and families' test to shame poor hospitals - Thu, 24 May 2012 21:19:29 GMT

'Friends and families' test to shame poor hospitals - Thu, 24 May 2012 23:01:22 GMT
Cannes 2012: Nicole Kidman hits the red carpet for premiere of The Paperboy - Thu, 24 May 2012 21:19:29 GMT
Jeremy Hunt and the secret BSkyB memo to David Cameron - Thu, 24 May 2012 21:00:14 GMT
New licensing rules for children on reality TV - Thu, 24 May 2012 20:55:45 GMT
Brawl erupts in Ukraine parliament over Russian language bill - Thu, 24 May 2012 20:47:25 GMT
Make the most of the sunshine - heatwave will give way to thundery downpours - Thu, 24 May 2012 20:40:48 GMT

FINANCIAL TIMES
Insults fly over troubled HP buyout - Thu, 24 May 2012 20:29:27 GMT

Insults fly over troubled HP buyout - Thu, 24 May 2012 18:29:53 GMT
Big European funds dump euro assets - Thu, 24 May 2012 20:29:27 GMT
Draghi chides Cameron’s call for ECB action - Thu, 24 May 2012 20:26:34 GMT
Stocks firmer but mood remains wary - Thu, 24 May 2012 20:39:44 GMT
Iran nuclear talks fail to make progress - Thu, 24 May 2012 21:03:24 GMT
Codelco chief quits over boardroom style - Fri, 25 May 2012 00:59:09 GMT

BBC NEWS
BBC News - Business - Thu, 24 May 2012 10:04:29 GMT

BBC News - Business - Thu, 24 May 2012 10:29:35 GMT
Economy shrank more than thought - Thu, 24 May 2012 10:04:29 GMT
Eurozone downturn 'accelerating' - Thu, 24 May 2012 19:16:14 GMT
Hunt memo reveals BSkyB support - Thu, 24 May 2012 21:25:07 GMT
Head of Vatican Bank is sacked - Thu, 24 May 2012 23:00:58 GMT
Some holiday money rates 'unfair' - Thu, 24 May 2012 14:11:02 GMT
Free banking 'a dangerous myth' - Thu, 24 May 2012 14:05:15 GMT
 
 

Mutual lending up in 16pc in 2011

Gross lending by building societies and other mutuals was £23.6bn in 2011, up 16% compared to 2010, figures the Building Societies’ Association reveal.

Yuan Phoon, 31 January, 2012

Gross lending by mutuals in December was £2.1bn was up 15% compared to December 2010.

Mortgage approvals also climbed 19% in December from £19.4bn to £23.1bn.

A total of £1.8bn of mortgages were approved by mutuals in December, up 49% on December 2010.

Adrian Coles, director-general of the BSA, said: “Activity in the housing market has been weak throughout 2011 with the number of transactions close to an all time low.

“New lending by mutuals, however, rose 16% in 2011 compared to 2010, whilst the UK's major banks recorded a small reduction in lending over the same period.

“The housing market faces significant headwinds over the coming 12 months but mutuals are poised to take on these challenges and continue to offer market leading rates and innovative products to home movers and first-time buyers alike.”


More News

1st Group receives six-figure equity investment
Rents rising as demand strengthens
SPECIAL FEATURE: When quality matters
Your Comments
0 Comment(s)

Have Your Say

Loading