Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Rachel Reeves’ cash ISA plans would ‘choke mortgages’ July 3, 2025 Rachel Reeves’ plans to slash the tax-free cash ISA allowance “would be effectively choking mortgage availability” for those who need them the most, a building society’s CEO has said. Darlington Building Society was reacting to the news that the Chancellor is set to announce a lowering of the current £20,000 cap that savers are allowed [...]
FCA reviewing bank risk appetite to boost home ownership June 24, 2025 The Financial Conduct Authority has said it will review lenders’ risk-taking in its bid to boost home ownership. The City watchdog said it was seeking a “public conversation” on the “future of the mortgage market” as it looks to support economic growth through an overhaul on mortgage rules. An update to “responding lending rules” was [...]
Bank of England holds interest rates at 4.25 per cent June 19, 2025 The Bank of England has held interest rates to “squeeze out persistent inflationary pressures” amid tensions between Israel and Iran risking an alarming uptick in energy prices later this year. Officials said high inflation predictions and sticky wage growth figures had led them to opt for interest rates to be kept at 4.25 per cent [...]
Paragon Bank shares jump after analysts hike target June 16, 2025 Shares in Paragon Banking Group jumped on Monday after analysts reiterated their ‘Buy’ rating. The FTSE 250 bank’s stock climbed over two per cent in afternoon trading, reaching 908.50p. This came after Peel Hunt analysts upped their target price on the lender to 1,030p from 950p. “The group’s capital and funding position remain strong, with [...]
Mortgage lending plummets in April as estate agents cross fingers for rate cut June 2, 2025 Mortgage lending dropped in April after the market ‘reset’ following the end of the stamp duty holiday, according to new figures. Net borrowing of mortgage debt decreased sharply by £13.7bn to -£0.8bn in April, according to the Bank of England’s latest data. Net mortgage approvals for house purchases also fell for the third consecutive month, [...]
Mortgages rates set to fall after Bank of England interest rate cut May 9, 2025 Analysts have predicted that the Bank of England’s decision to reduce interest rates on Thursday will encourage major banks to cut mortgage rates. Lower rates will be a major affordability boost for the UK’s housing market, which continues to price out young buyers unable to rely on financial gifts or savings. “If homebuyers can borrow more, they [...]
What the Bank of England’s interest rate cut means for your mortgage May 8, 2025 The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
Banks called on to slash mortgage borrowing costs May 7, 2025 The Financial Conduct Authority (FCA) has called on lenders to take informed risks in the mortgage market to improve consumer support. The City regulator has launched a consultation on mortgage rules which targets reducing the overall cost of borrowing through term reductions and access to cheaper products when remortgaging. It said discussions will include “consideration [...]
Natwest to ‘outperform’ sector with bumper year, analysts predict May 6, 2025 RBC analysts slapped a “Sector Outperform” rating on Natwest after the lender beat expectations in its first-quarter report. The analysts upgraded full-year profit before tax estimates by three per cent to £7.1bn, compared to £6.2bn in 2024, and upped the stock’s target price to 475p from 465p. They said the upgrades were driven by net [...]
Mortgage completions surged 50 per cent in March amid race to swerve stamp duty April 21, 2025 Mortgage completions have risen to their highest level since September as buyers rushed to avoid higher property taxes. Completions in March jumped 70 per cent compared to February for first-time buyers, according to Barclays, ahead of a change to stamp duty rates in April. “We experienced a blockbuster month for completions in March, as buyers [...]