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Relevant Life

Put Life Cover On Expenses.

A Relevant Life Plan is a cost efficient way of offering life cover to you or your employees. It’tax efficient and, in most cases, premiums can be treated as an allowable business expense by HMRC. With Corporation tax relief available, no additional income tax or NI to pay, it’s good business for both you and your employees

Best place to live in UK

Solihull comes top!

Higher incomes, better employment rates and longer life expectancies. Solihull is one of the most prosperous towns in the Midlands. Almost 70% of the borough is designated as green belt & enjoys excellent communication links with M40, M42, M6 all close by.

Mortgage approvals hit 5 year high

U.K. mortgage approvals rose to 60,624 in July – the highest number in over five years – it was revealed today in Bank of England figures.

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House purchase approvals at highest level since December 2009

New data from the British Bankers’ Association shows that September was a strong month for the mortgage market, with borrowing and house purchase approvals up.

Gross mortgage borrowing of £9.7bn in September was higher than in August and above the average of £8.7bn over the previous six months. Higher capital repayment (including homeowners moving between lenders) continues to generate the contractions in borrowing stocks seen over the past year and explains the subdued picture of net borrowing.

New build prices up 12% in just five years

The average house price of new build property in the UK has increased by 12 per cent over the past five years with the average price now at £233,822.

A 9 per cent higher than the UK average house price for all properties, according to analysis from Halifax.

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Remortgages now represents a quarter of the market with lending up 13% in March

LMS figures reveal that monthly gross remortgage lending increased by £330m in March to £2.9bn. This is up 12.9% on February’s £2.6bn reported by the Council for Mortgage Lenders last week.

The CML has also reported that total gross mortgage lending rose 10% in March to £11.6bn, from £10.5bn in February. As a result, remortgages now represent a quarter of the market.

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Chancellor set to extend funding for lender scheme

Chancellor George Osborne is expected to announce an extension to the Funding for Lending scheme in the coming weeks, according to reports.

Osborne, who will be feeling pressured after Fitch downgraded the UK’s credit rating last week, is likely to face calls from the IMF to ease his austerity programme.

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Lloyds branch sale to Co-op collapses

The Co-operative Group has backed out of a deal to buy around 630 UK branches of Lloyds Banking Group, blaming the poor growth outlook and increasing regulatory requirements.

The branch sale, known as Project Verde, is a requirement imposed on Lloyds by the European Commission as part of the bank receiving state aid in 2008.

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House price rise £6,700 as London brings the average up 5k

House prices in England and Wales have risen £6,700 in the last year according to the LSL/Acadametrics house price index released today.

This leaves the average house price at £230,078 – but, without London, house prices would be just £1,117 higher. This follows a steady increase in house prices, with prices only haven fallen once in the 16 months.

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UK rents continues to rise

London continues to lead the average rental figures with the centre of the capital attracting rents of £2,387 per month, while those in Outer London averaged £1,107.

The firm reported that the average monthly rent in Inner London is now over four times the average in Scotland.

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