With two thirds of homeowners over 60 getting by on under £10,000 a year, Norwich Union data reveals that they now have over £841 billion or an average of £82,446 each, tied up in bricks and mortar.
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Brokers are getting ready for the impact of a tightening housing market. According to latest research from BM Solutions, nearly 8 in 10 (78%) say that the current market situation has prompted them to look for ways to either increase or maintain their income.
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Britannia, the UK’s number two building society, announced pre-tax profit for the six months to 30 June 2007 up eight per cent at £81.7 million (2006: £75.8 million).
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The Government has published its proposed changes to the draft Regional Spatial Strategy for the Yorkshire and Humber, increasing the total of new homes as well as boosting the number of future jobs.
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The value of August’s gross mortgage lending at £21.0bn was only 1% higher than in August last year.
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House prices in England and Wales increased by 0.2 per cent in the month, raising the average price to £182,914.
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The CML welcomed publication today by the Financial Services Authority (FSA) of the findings of its review of payment protection insurance (PPI) selling standards.
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