Nationwide boosts mortgage lending and expands into SMEs May 23, 2012 BUILDING society Nationwide recorded a 10 per cent rise in profits to £304m during the year to April 2012 as it ramped up mortgage lending and retreated from commercial real estate. The mutual also said yesterday that it is planning to diversify into small business (SME) lending and will over time “develop and offer a full [...]
RBS looks to IPO 316 branches as rival bidders offer too little February 3, 2013 RBS is set to float 316 branches as an independent bank after failing to get any attractive bids from smaller banks or private equity buyers, it emerged yesterday. The bank is being forced to sell the branches, which come with 1.8m customers and 250,000 small business accounts, by the European Commission as part of its [...]
Nationwide mortgage lending jumps by 44pc May 23, 2012 Nationwide, Britain’s biggest customer-owned financial services group, reported a 44 per cent increase in loans to home buyers in its last fiscal year, including a sharp rise in the number of mortgages provided to first-time home buyers. Gross residential mortgage lending rose to £18.4bn in the year to 4 April, up from £12.8bn the year [...]
Nationwide mortgage lending jumps by 44pc May 23, 2012 Nationwide, Britain’s biggest customer-owned financial services group, reported a 44 per cent increase in loans to home buyers in its last fiscal year, including a sharp rise in the number of mortgages provided to first-time home buyers. Gross residential mortgage lending rose to £18.4bn in the year to 4 April, up from £12.8bn the year [...]
December boost pushes house prices out of year-long slump January 7, 2013 A BIG December jump in house prices has managed to erase most of the downward movement seen in the market over 2012, data suggested yesterday. The average house price rose 1.3 per cent going into December, Halifax said yesterday, a monthly climb that contradicts earlier data from Rightmove and Nationwide, which both suggested 2012’s final month had [...]
House prices fall 1 per cent in 2012 January 3, 2013 UK house prices fell by 1 per cent on average in 2012, with London bucking the trend and recording the strongest annual price change. According to the Nationwide house price index out this morning, house prices slid 0.1 per cent in December, with the average house price sitting at £162,262. According to its quarterly data, [...]
RBS and Lloyds results look set to show losses February 24, 2013 STATE-BACKED banks Royal Bank of Scotland and Lloyds Banking Group are both expected to announce full-year results this week, with analysts forecasting both lenders will remain loss-making. Investec believes RBS, which will deliver its 2012 figures on Thursday, will announce an attributable loss of £2.2bn for the final quarter – or a £5.6bn loss for [...]
November saw accelerating house prices January 15, 2013 THE HOUSING market heated up in November, according to the most comprehensive official data, released yesterday. The Office for National Statistics’ house price index climbed 2.1 per cent in the 12 months to November 2012, up from the 1.5 per cent growth recorded in the year to October. This overall acceleration was driven by soaring London prices, [...]
Nationwide takes £103m loans mis-selling hit May 23, 2012 Nationwide has set aside £103m to compensate victims of loan insurance mis-selling after claims quadrupled in the second half of its fiscal year. Britain’s second-biggest savings provider blamed aggressive claims management companies (CMCs) for pushing complaints which often turned out to be false and Chief Executive Graham Beale called on UK lawmakers to take a [...]
House prices rise by 3 per cent in 2012 despite flat December January 10, 2013 HOUSE PRICES were flat in December, but rose overall in 2012, according to data published today. Despite the lack of change between November and December, the average house price was 3.2 per cent higher last month than a year before, according to the LSL house price index. The rise adds £7,000 to the average property’s [...]