Morgans has been shortlisted in this years Yorkshire Business Masters 2012 awards in the Yorkshire Grit category and we’d really appreciate it if you’d vote for us.
The awards are hosted and organised by thebusinessdesk.com. You can see full details of our nomination at the link below and there’s also a button where you can cast your vote. It only takes 30 seconds – go on, do it!
MORGANS BACKS BEER FESTIVAL
THE FIRST ever real ale festival in Headingley has received the backing of property firm Morgans, which has just invested over £500,000 in a new office in the area.
Headingley Beer Festival, which will take place from 25th – 27th May at the New Headingley Club (previously the British Legion Club), is expecting to attract over 2,500 people and will feature beer, bands, food and family entertainment.
Managing Director Jonathan Morgan says: “Its Headingley’s first ever real ale festival and online ticket sales have already proved that there is a real appetite for this sort of event. Having operated in North Leeds for 13 years and recently opened our new 1,200 sq ft office opposite Headingley’s Arndale Centre we were keen to show our support for the festival.”
Gross mortgage lending by building societies and other mutual lenders rose 28% in February 2012, compared to the same month last year, report the Building Societies Association.
New mortgage approvals – the future pipeline of completions, were also up 31% on February 2011 and 29% on January 2012, indicating an increased level of consumer activity. On the other side of the balance sheet, the mutuals experienced a retail savings outflow of £87 million in the month compared to an inflow of £359 million in February 2011. This is an improvement on January where the outflow was £1.1 billion. Adrian Coles, Director-General of the Building Societies Association, said: “Gross lending and new mortgage approvals by mutuals continued to rise year-on-year in February, despite growth across the market as a whole remaining relatively flat. The strong financial results released by a number of mutual lenders in recent months show that the sector is well positioned to offer market leading products to its customers and are open for business. ”
At the same time, Nationwide are reporting that the price of a typical UK house declined by 1% in March- Prices are 0.9% lower than one year ago and the price of a typical home is now £163,327. So if building societies are lending more and yet prices have fallen slightly, this would suggest that the banks are not lending at anything like the level that they need to fuel demand.
Image courtesy of FreeDigitalPhotos.net
