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.
Mortgage rates are going back UP – but where will they end up? February 23, 2024 A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”.
Property lender Together toasts £50m profits as hopeful house-buyers told to stay positive as rates fall February 22, 2024 High interest rates on mortgages helped property lender Together post profits of almost £50m during the final three months of 2023, according to new figures.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
First time buyers: Homes in London 26 per cent cheaper but affordability remains an issue February 22, 2024 First time buyers in London are spending 26 per cent below the UK market average, but the majority of buyers are struggling with affordability. According to a new report by Zoopla, the average cost of a first time property in London is £399k, which is around £140k cheaper than a typical home would cost in [...]