London house prices: Best time to buy since 2016, experts say, but it won’t last January 29, 2024 House prices in London are more affordable but the capital has been warned not to “get carried away” amid a frenzy of mortgage rates cuts.
Booming mortgage lending swings Co-op Bank back to profit February 24, 2022 A sharp rebound in mortgage lending amid a rampant UK housing market swung Co-operative Bank back to profit last year, the bank announced today. A near three-fold increase in net mortgage lending pushed profits at Co-op Bank to over £30m, up from a £103.7m loss in 2020. An ultra-low interest rate environment stoked demand in [...]
Natwest shares jump after first quarter results as government continues to reduce stake April 26, 2024 Natwest profits slumped in the first quarter of the year but stayed ahead of market expectations as it shrugged off the worst of the mortgage downturn to expand its lending book.
House prices: Third of asking prices knocked down by £20,000 September 18, 2023 House prices are still being battered by high mortgage rates, with a third of properties knocked down in price by an average of £22,000
Lloyds Bank’s profits in the lift as lender’s mortgage book surges to £293bn February 24, 2022 Lloyds Banking Group has become the latest lending giant to post a bumper annual profit haul after releasing Covid loan loss provisions thanks to the UK’s economic recovery. The group has reported pre-tax profits surging to £6.9bn in 2021, up from £1.2bn the previous year after releasing Covid loan loss provisions thanks to the UK [...]
The Notebook: Ben Thompson on why stamp duty reform needs to be on Hunt’s list tomorrow November 21, 2023 Ben Thompson, deputy CEO at Mortgage Advice Bureau, talks stamp duty reform, help for first-time buyers and his favourite poem.
Boris Johnson’s plan for 50-year mortgages is outright ‘risky’ and solely aimed at inflating the market, warns property guru July 5, 2022 Boris Johnson’s latest proposal for the housing market is “another risky, spontaneous announcement aimed at temporarily inflating the housing market” according to the boss a major property firm. David Alexander, the chief executive officer of DJ Alexander Scotland, part of the Lomond Group, told City A.M. today he believes that the comments from the Prime [...]
Revolut: Fintech brings in former Deutsche Bank executive as new UK chief November 2, 2023 Francesca Carlesi joins the firm from Molo, the UK's first fully digital mortgage lender, bringing experience from the world of banking and fintech.
House prices: Recovery speeds up as more than half of Brits now tap up parents to get on the ladder January 31, 2024 House prices rose 0.7 per cent in January as cooling mortgage rates are continuing to help repair the market, a new report from Nationwide said.
40 per cent of adults struggle to pay rent October 15, 2023 40 per cent of adults are finding it difficult to pay rent or mortgage payments, an increase of 10 per cent from last years' report.