The head of Egypt’s Coptic church appeals for calm as protesters clash with police for a third day, over the New Year blast that killed 21 churchgoers.
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A 10-year-old girl in Canada is the youngest person to discover a supernova – an exploding star which can briefly outshine a whole galaxy.
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The policeman blinded by Raoul Moat says he feels let down by the organisation which should have supported him after the event.
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Why are more young British women converting to Islam?
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Manchester City boss Roberto Mancini says they have agreed a deal with German side Wolfsburg to sign Bosnian international Edin Dzeko.
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The mortgage market was relatively quiet at the end of 2010
Approvals for home loans – notably for people remortgaging their properties – picked up slightly in November, Bank of England figures show.
The number of mortgages approved for house purchases stood at 48,019 in November, a marginal rise on the previous month.
Approvals for remortgaging were up by nearly 4,000 on the previous month to 34,262 in November.
Consumers’ repayments of unsecured debts outstripped new borrowing.
The figures showed that £121m more was paid back on credit cards, overdrafts and personal loans than was taken out in new borrowing.
The slight rise in mortgage approvals for house purchases still left the figure below the average of the previous six months – of 48,145.
This showed that mortgage lending remained muted at the end of 2010.
Last month, the British Bankers’ Association said that home loan approvals for house purchases by the major UK banks had fallen to a 20-month low in November.
The latest Bank of England figures provide a more comprehensive picture across the industry.
The two sets of figures both showed that remortgaging had picked up as borrowers replaced maturing fixed-rate deals.
Some lenders have suggested this could also show that some borrowers were expecting interest rates to rise.
“The sharp increase in the number of remortgages shows that consumers are becoming far more wary of potential interest rate rises given the growing inflation threat. Increasingly, the belief is that Bank rate will rise this year and not next,” said Brian Murphy, head of lending at mortgage broker, the Mortgage Advice Bureau.
Savers with building societies and other mutuals increased their savings for the first time since April.
In November, they saved £432m more than they took out, figures from the Building Societies’ Association (BSA) showed.
Low interest rates, as well as competition from banks and National Savings and Investments, have led savers with mutuals to run down their accounts in most months during the past two years.
Net savings have increased on only four occasions since the start of 2009.
“Savings flows can be quite variable on a month-to-month basis and though it is pleasing to see balances held at mutuals increase in November, it remains to be seen whether this is the beginning of a sustained trend,” said Adrian Coles, director general of the BSA.
“However, 2011 looks set to be another challenging year for retail deposit takers as household finances remain tight and the Bank rate is likely to be held at its record low for much of the year.”
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