Nationwide income soars on consumer lending boost May 21, 2026 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 [...]
KBRA Assigns Preliminary Ratings to Bletchley Park Funding 2026-1 PLC May 12, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of notes issued by Bletchley Park Funding 2026-1 PLC, a static UK RMBS securitisation backed by a portfolio of first-ranking buy-to-let (BTL) mortgage loans secured on residential properties in England, Wales, and Northern Ireland. The aggregate balance of the provisional portfolio is £286.0 million as of [...]
CMI Financial Group Secures Senior Financing from Royal London Asset Management May 11, 2026 One of the United Kingdom’s most respected asset managers, this financing signals positive momentum for the Canadian residential lending sector and real estate environment
Rightmove reveals fixed-rate mortgages back over 5 per cent as house prices slip again May 8, 2026 Average house price down to to £299,313 in April from £299,609 the month before A closely-watched survey from one of the UK’s biggest home loan providers has found that house prices slipped again last month. The Halifax said the prospect of higher bills at a time of rising inflation was a factor in the market. [...]
HSBC profit drops after Iran war and private credit charges bite May 5, 2026 HSBC missed its profit target in the first quarter of the year after the blue-chip lender booked a mammoth credit charge. The FTSE 100 giant – which boasts a huge £230bn market cap – recorded a pre-tax profit of $9.4bn (£6.5bn), missing the $9.6bn pencilled in by analysts. This figure is also down $100m on [...]
Natwest shares slip as bank upgrades income on higher interest rates May 1, 2026 Natwest breezed past profit expectations in the first quarter of the 2026 and is predicting a greater bump to its bottom line on the back of higher-than-expected interest rates. The FTSE 100 giant booked a £2bn pre-tax profit in the first three months of the year, up from £1.8bn in the same period last year [...]
Three reasons AI will not replace the mortgage broker April 29, 2026 Mortgage advice has never been a simple numbers game, and it is becoming even less so. Technology is speeding up sourcing, suitability checks and paperwork. Clients are also more digitally confident than ever, and lenders are ever more competitive. But for anyone advising complex borrowers, especially in the high-net-worth space, the idea that AI will [...]
Santander UK profit slides after motor finance reserves balloon April 29, 2026 Santander UK’s profit took a knock in the first quarter of the year after the bank made another hefty top up to its motor finance provisions. The UK arm of the Spanish banking giant booked a £202m pre-tax profit for the first three months of 2026. This was down 44 per cent from the same [...]
Londoners wait far longer to sell homes as stamp duty weighs on confidence April 29, 2026 The wait for a London house sale is six days longer now than last year, as the capital sees the “greatest impact” from stamp duty and the Iran war’s hit to property confidence. The average time it takes for a house in the capital to be snapped up once it is listed on the market [...]
Chaos: Now Downing Street rules out rent freeze after backlash over ‘reckless’ rumours April 28, 2026 Downing Street has ruled out a rent freeze just hours after the Chancellor refused to distance herself from the policy while speaking in the Commons. The apparent kite flying sparked 24 hours of panic among residential landlords and economists, who dubbed the rumoured policy a would-be “disaster”. Reeves had reportedly been considering the policy to [...]