London house prices up 25.8 per cent in a year: How do other UK regions compare? July 31, 2014 Yet another report, this time from Nationwide, has shown that London house prices have soared in the last twelve months. Growth is slowing, however, and the latest figures show that the average house price in the UK rose by just 0.1 per cent, below expectations of a 0.5 per cent increase and lower than the [...]
UK house prices up to 2007 peak as pressure builds July 2, 2014 House prices across the UK are back up to their 2007 peak, according to a new report by Nationwide. The figures show that prices increased by one per cent in June, an 11.8 per cent increase on the same period a year previously. Prices in London continue to trump those across the rest of the [...]
Downgrade for the Nationwide September 19, 2013 FITCH, the ratings agency, yesterday downgraded the Nationwide building society’s long term default rating to A from A+. The agency attributed the downgrade to the bank’s, “post-impairment earnings and thus capital generation arising from the society’s poorly performing commercial property finance portfolio.” Lloyds Banking Group, the Royal Bank of Scotland and Santander maintained their respective [...]
Help to Buy assists 155 per cent boost in Nationwide profits November 15, 2013 British building society Nationwide has reported a whopping underlying profit increase of 155 per cent, for the six months to the end of September. Underlying profit was £332m compared to £130m during the same period in 2012. Nationwide attributed the dramatic growth to increased lending and a burst of new customers switching to the building [...]
Jobhunters get suited and booted September 8, 2014 SHARP-SUITED City men, take note. If you’re looking to update your wardrobe, make sure you do another would-be man about town a favour by donating your old suit. House of Fraser is currently supporting Suited & Booted, a charity which gives donated interview clothes as well as job interview advice to vulnerable and unemployed men [...]
Average UK house price hits record high as Help to Buy fails to take off in London June 3, 2014 UK house prices rose by 11.1 per cent annually last month, according to the latest figures from Nationwide. That takes the cost of an average UK home to £186,512 – overtaking the previous peak reached in pre-crisis October 2007 for the first time. In April, the average cost was £183,577. The building society’s house prices [...]
No more bubble? UK house price growth falls to 10.2 per cent August 19, 2014 House price hysteria has calmed slightly with prices rising by a marginally more modest 10.2 per cent in the year to June, compared with 10.4 per cent in May, official figures showed today. According to the Office for National Statistics' House Price Index, London and the South East continued to drive growth, with prices [...]
Exclusive: Lenders want a sunset clause on mortgage limits August 21, 2014 The Bank of England should make new limits on mortgages temporary by inserting a sunset clause immediately, the Building Societies’ Association (BSA) will tell regulators next week. Other lenders are also worried – specialist banks fear they will be unable to lend to certain categories of rich borrower, and some big banks are worried the [...]
Property in London: Is it a safe asset? October 7, 2014 Base rate hikes and a strong pound will dent prices, says Yogi Dewan THE EASY money in property markets was made a long time ago. That said, real estate remains the ultimate safe haven for many investors, as they consider it to be a better alternative to investing in global equities, government bonds or other [...]
City of London Lord Mayor Alan Yarrow reveals his charity plans December 18, 2014 New Lord Mayor of the City of London Alan Yarrow has set his sights on raising funds for Mencap and Scope – two charities close to his heart. I am honoured to be The Lord Mayor of the City of London. Amongst a raft of business and civic duties, my wife Gilly and I are [...]