Lloyds Banking Group have announced plans for streamlining their mortgage businesses. The C&G brand will be removed from the high street however will continue to operate in the mortgage market.
Intelligent Finance will not take any new mortgage business but will continue to provide services to existing customers, Intelligent Finance will concentrate on savings business in the future. Bank of Scotland will continue to serve existing customers but will only take new business through its high street branches in Scotland.
Thursday, 11 June 2009
House Price Index for May 2009
House prices have increased for a second month in the last three. An increase of 1.2% in May follows shortly after the previous rise in March of 0.9%.
The average house price now sits at £154,016, still 11.3% lower than a year ago. However, this marks a significant improvement from the annual decline of 15.0% recorded in April. This increase may be due to the drop in supply due to many would be vendors deciding to stay put, or holding out to see whats happening with the market.
The average house price now sits at £154,016, still 11.3% lower than a year ago. However, this marks a significant improvement from the annual decline of 15.0% recorded in April. This increase may be due to the drop in supply due to many would be vendors deciding to stay put, or holding out to see whats happening with the market.
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