Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
Two-year mortgage rates have biggest monthly drop since 2022 as Santander is latest to cut February 12, 2024 Average two-year fixed mortgage rates have seen their biggest monthly drop since December 2022, according to a financial information website, despite mounting economic pressure squeezing lenders' margins.
Natwest’s margins in focus as lender gears up for year of big changes February 12, 2024 Natwest looks to shrug off the turmoil of the recent debanking saga and prepares to sell its government-owned shares to the public.
Mortgage arrears rose by a quarter in a year as higher interest rates bite February 8, 2024 According to the latest UK Finance figures, homeowner mortgages in arrears increased seven per cent on the previous quarter.
Remortgaging rates tick up as lenders bet on ‘captive audience of existing customers’ February 7, 2024 Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.
UK housing market: Borrowers weigh up taking the plunge, or waiting for rates to fall further February 7, 2024 After a torrid year, the outlook for the UK’s property market is poised to improve. A number of reports have suggested that house prices will continue to drop, which will hopefully help more would-be-buyers finally get on the housing ladder, even if this negatively impacts those who already have property, and want to see its [...]
House prices rise for fourth month in a row as 2024 starts with a bang February 7, 2024 House prices rose by 1.3 per cent in January, marking the fourth monthly rise in a row, according to the latest reading from Halifax.
FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.
Virgin Money warns of more job cuts to come after dropping 150 staff as it slashes costs February 6, 2024 Virgin Money warned of further cost-cutting and layoffs to come today after slashing its headcount in the first quarter of the year.
Three-quarters of HR leaders say cost of living pressures impact staff performance February 3, 2024 Research has found that 74 per cent of HR leaders fear the cost of living crisis is affecting employee performance.