Nationwide fires starting gun on mortgage deals ahead of interest rate decision Banking Nationwide has slashed its mortgage rates for the second time in the space of a week, ahead of the Bank of England’s interest rate decision on Thursday. The building society has taken the chop to its home loan prices, with a 0.28 percentage-point reduction. It follows a 0.12 cut on 10 June. The move comes [...]
Mortgage approvals jump to 15-month high despite Iran war chaos Property Mortgage approvals made a surprise jump to a 15-month high in April, despite continued signs that the economic chaos caused by the Iran war is shaking confidence in the property market. Net mortgage approvals jumped three per cent to 65,900 in April, above the six-month average of around 63,100, according to Bank of England data. [...]
Nationwide income soars on consumer lending boost Banking Nationwide booked a hefty jump in its annual income as the building society benefited from a boost in consumer lending and clawed out a bigger market share of mortgage balances. The mutual recorded a 22 per cent jump in total income to £6.4bn, which was up from £5.2bn in the previous year, led by a [...]
Lloyds shares drop after income upgrade on higher interest rates April 29, 2026 Lloyds Banking Group has upgraded its income targets for the year as the bank expects to bring in more cash as interest rates remain elevated from the Iran war. The FTSE 100 financial giant – which counts Lloyds Bank, Halifax and Bank of Scotland among its subsidiaries – said it expects net interest income to [...]
Barclays sweetens mortgage deals as interest rate decision takes focus April 22, 2026 Barclays has become the latest bank to wade into the flurry of mortgage rate cuts as lenders turn their attention to next week’s interest rates decision. The FTSE 100 giant cut rates across more than 20 mortgage products from Wednesday morning. It follows on from a slew of reductions from the likes of HSBC UK, [...]
‘Mortgage mayhem’: Deal lifespans hit record low as interest rate cut hopes dim April 13, 2026 Borrowers have been left in a “mortgage maze” after lenders frantically pulled deals due to the unfolding crisis in the Middle East leading to the lowest average shelf-life on record. The average mortgage was on the market for just eight days in March – the lowest since records began in November 2011. This marks a [...]
House prices drop as Iran war shakes property market April 8, 2026 House prices fell in March as the uncertainty caused by the Iran war stifled the property market and spiked fears of interest rate rises. Average house prices fell 0.5 per cent last month, reversing the modest 0.3 per cent February increase, according to Halifax’s house price index. This is the latest signal that the Iran [...]
Mortgage approvals bounce back after two-year low March 30, 2026 Mortgage approvals have bounced back after slumping to a two-year low last month, suggesting the property market was regaining momentum before the Iran war shocked global markets. The number of approved mortgages for house purchases increased to 62,600 in February, up from the two-year low of 60,200 in January, according to the Bank of England. [...]
‘Mortgage mayhem’: Banks’ rates soar past 5.5 per cent amid Iran war volatility March 25, 2026 The UK mortgage market has been flipped upside down with Brits facing higher prices to borrow in the short-term as the Iran war rattles the economy. The average five-year fixed deal for a homeowner has spiked to 5.54 per cent this morning, up from 4.95 per cent at the start of March, according to financial [...]
Mortgage deals shrink by a fifth since outbreak of Iran war March 23, 2026 The number of mortgage deals on offer for homeowners have shrunk by nearly a fifth since war broke out in Iran just over three weeks ago. Just shy of 1,500 fewer residential mortgages were available on Monday morning, compared with March 9, amounting to a contraction of 19.5 per cent. According to financial information platform [...]