One in five first-time buyers take out 35-year mortgages or longer amid economic turmoil March 4, 2024 Personal savings and mortgage lending were battered by inflationary pressures and higher borrowing costs last year, according to new data, amid a surge in home buyers take out loans with terms of 35 years or longer.
The most profitable company on the FTSE 100? Rightmove. March 1, 2024 Rightmove has reported strong results for the full year 2023 after increasing customer engagement through digital offerings.
Crash? What crash? House prices finally sneak into positive annual growth territory March 1, 2024 UK house prices grew for year-on-year for he first time since last January, according to Nationwide’s latest report.
Why the Spring Budget could be crucial for prospective homeowners March 1, 2024 For anyone looking to invest in bricks and mortar, the contents of Jeremy Hunt’s Budget red box will likely be a source of more than a little fascination.
Metro Bank brings in Barclays executive as new CFO amid major restructuring February 29, 2024 Metro Bank has appointed Barclays executive Marc Page as its new chief financial officer as the lender undergoes a major restructuring designed to shore up its balance sheet.
Coventry Building Society sees profit boost from rate hikes as Co-op Bank merger talks continue February 29, 2024 Higher interest rates have boosted Coventry Building Society's annual profits as the lender continues to negotiate a potential merger with the Co-op Bank.
Profit falls at Yorkshire Building Society but lender has record demand for savings products February 29, 2024 A number of lenders have been the beneficiaries of poor savings rates on offer at the high street banks and Yorkshire Building Society reported that a record 693,000 savings accounts were opened last year, up from 537,000 in 2022.
Skipton chief: It’s ‘dangerous’ to wait for the government to help build more houses February 29, 2024 Skipton chief Stuart Haire tells City A.M. how he plans to make the country sit up and take note of the building society.
House sales on the rise despite steady uptick in mortgage rates February 29, 2024 House sales continued to tick upwards in February, as market confidence appears to be unshaken by lenders increasing their mortgage deals.
Profit slips at the Co-op Bank as Coventry Building Society continues to circle February 28, 2024 Despite seeing an increase in net interest income, thanks to higher interest rates, the bank saw costs increase significantly which dented its bottom line.