Fls Funding For Lending

Brits have been withdrawing savings at the fastest rate for 40 years

Brits withdraw savings at fastest pace for 40 years

New figures from the Bank of England show that UK households have withdrawn over £24 billion of savings in the last year, reversing a trend that started after the financial crisis.

The Bank of England says lending has increased in Q3 under FLS

Banks finally start passing on FLS lending to customers

Banks 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.

Mark Carney has announced that the FLS will stop lending for mortgages

Bank of England moves to stop house price bubble

The 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.

Cameron has brought forward the launch of Help to Buy 2

Demand for Help to Buy 2 could be hit by strict lending rules

Critics 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.

Mortgage approvals reached £16.6bn in August, says the CML

CML plays down talk of house price boom

The 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.

The FCA is to investigate the savings market

FCA to conduct review of savings account market

The Financial Conduct Authority is to undertake a market review of the savings account market, including bonus rates that are reduced soon after attracting savers.

RICS latest report shows house prices are rising at their fastest pace for seven years

House price increase brings more sellers to market

Rics 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.

A lack of supply could stop the rise in first-time buyers

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.

Image: The Bank of England.

Mortgages prop up Funding for Lending

Funding for Lending is being driven forward by an increase in mortgage lending, the Bank of England has said.

New Bank of England figures paint a mixed picture for lending

Lending to small businesses at highest level for two years

Lending 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.

Mortgage approvals reached a 42-month high in May, according to the Bank of England

Trend continues as mortgage lending up, business lending down

The 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.

Gross mortgage lending went up 21% in May, according to the CML

CML: Mortgage lending jumps 21% in May to reach 5-year high

Gross 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.

The FSB is urging the chancellor to support small businesses

FSB: Osborne must capitalise on increased business confidence

A 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.

There has been a big fall in lending to businesses in April

Mortgage lending boom comes at expense of business lending

The 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.

Nationwide reports UK house prices rose by 0.4% in May

House prices up 0.4% in May to highest level since July 2011

Nationwide'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 increased by 0.9% in London in May

House prices rise at fastest pace since 2007

Hometrack 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.

RICS says Help to Buy is supporting UK property market

Demand for new homes at highest level since 2009, says RICS

The 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 2013

The top ten fixed rate savings bonds for 2013

We countdown the highest paying fixed rate savings bonds whether you are looking to save for one year or up to five years.

There has been a significant increase in new home registrations in the first quarter of 2013

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.

The top mortgage deals for first-time buyers

Mortgage best-buys: The top deals for first-time buyers

2013 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 says it has helped 30% more FTB's in the first four months of 2013

Leeds BS cuts rate by 0.50% on LAMS first-time buyer mortgage

The 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 says there is "momentum" in the property market

Nationwide: "Momentum" in housing market despite drop in prices

Nationwide 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 rose in March, according to the Bank of England

Mortgage approvals jump in March as FLS boosts supply of credit

The Bank of England reports that mortgage approvals rose in March but there was a small decline in lending to small businesses.

The Item Club expects business lending to increase over the next two years

ITEM Club predicts 8.5% increase in business lending in 2014

The 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.

Sir Mervyn King has announced the FLS will be extended until 2015

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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