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krustie allslop

Record Second Half Prompts B&b To Predict Strong Housing Market

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A boom in mortgage lending in the second half of last year has prompted buy-to-let specialists Bradford & Bingley to predict a strong housing market this year.

We have made a strong start to 2006,’ said chief executive Steven Crawshaw. ‘The mortgage market is robust and we see good prospects for our chosen specialist segments, which positions us well for future growth.

‘The whole mortgage market came back strongly in the second half as confidence returned. The confidence in the buy-to-let business, not just ours but everybody’s, is very high indeed at the moment.'

In lending £4.7 billion in the second half of 2005, almost double the relatively subdued £2.7 billion in the first half, B&B hit a new record.

Britain’s ninth largest bank lifted underlying profits before tax by 11% to £310.1 million against £280.4 million the previous year, around £5 million ahead of market expectations. The dividend rises 7% to 18.3p.

Cont........

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  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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