UK banks approve highest number of mortgages since 2015

Mortgage Approved

Bank of England could be more likely to leave interest rates on hold amid property upturn The number of mortgages approved by Britain’s high street banks jumped to the highest level for almost five years in December, in the latest sign of a revival in the housing market. Mortgage approvals for house purchases increased to 46,815 in December compared with 44,058 … Read More

A quarter of SMEs would use cash reserves if owner died

SMEs

According to Legal & General’s most recent ‘State of the Nation’ research, 25% of small-to-medium enterprise (SME) business owners would rely on their business’ cash reserves if a fellow business owner passed away unexpectedly, while 51% would use their own personal wealth. The findings also revealed that while 37% would expect to purchase the business owner’s shares in this scenario, … Read More