Monthly Archives: July 2017

House prices bounce back

Latest findings from the Nationwide house price index show that UK house prices have bounced back in June. This follows three months where house prices fell slightly. The latest Nationwide index reveals that, in June, house prices grew by 1.1% on the previous month, while annual house prices rose by 3.1% taking the average house price to £211,301*. (more…)

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Only 7% have income protection

Latest research by the Cirencester Friendly Society has found that only 7% of UK people have income protection and that British people are “overly optimistic” about what might happen to them in the future*. The poll asked whether people thought it was likely that certain situations were likely to happen to them such as being involved in a road traffic accident or being unable to work for 12 weeks or more due to illness and injury. Around 60% did not think it likely that these events were likely to ever happen. (more…)

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ARCHIVE: Mortgage lending remains strong

Latest figures from the Bank of England have showed that mortgage lending during recent months has remained robust. In fact, during May, mortgage lending was £3.5 billion which is slightly higher than its recent average. The figures show that the number of mortgage approvals for house purchases was pretty much static at 65,502. However, growth has come from the remortgage market with approvals increasing slightly to 42,955*. (more…)

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