0.99 per cent mortgages hit the market as battle for home buyers heats up June 1, 2021 Competition in the mortgage market is heating up with the launch of new 0.99 per cent rate deals. Nationwide Building Society will launch a 0.99 per cent mortgage on Wednesday for home owners looking to remortgage. The two-year fixed-rate deal will be available for borrowers with a hefty 40 per cent deposit and also has [...]
Wall Street opens higher while the FTSE 250 closes at a new record June 1, 2021 Wall Street opens higher as FTSE 250 closes at a new record
Pound retreats after hitting three-year high amid variant concerns June 1, 2021 The pound retreated this morning after reaching a fresh three-year high versus the dollar amid economic recovery hopes. Well into the London session after the bank holiday weekend, sterling reversed its course to fall 0.2 per cent to $1.4183. The pound edged lower as concerns over a new coronavirus strain outweighed increasing investor optimism on [...]
Nationwide to cull 150 mortgage advisers in online shift May 30, 2021 Nationwide will axe up to 150 of its mortgage advisers, as the lender shifts to holding online consultations with borrowers instead of than face-to-face meetings. Many of the 150 mortgage consultants are expected to accept voluntary redundancy, the Mail on Sunday first reported. Nationwide now carries out more than half of its mortgage consultations through [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
Nationwide customers saved a further £10.6bn over the pandemic May 21, 2021 Customer deposited increased by £10.6bn throughout the pandemic, Nationwide said today, while remote working has made its workforce ‘more productive’ in the year to 4 April. With lockdown restrictions closing high streets and putting a pin in travel, Nationwide found deposits increased by double what they increased by in 2019, as customers stashed cash into [...]
Boris bad credit score: PM rejects court ruling over £535 in unpaid debt May 12, 2021 Prime Minister Boris Johnson has rejected a court ruling that found he has an unpaid debt of £535. The court records listed Johnson at his official address, 10 Downing Street, according to Reuters today. Johnson’s office have said they will ask for the ruling to be removed from his record as it was “totally without merit”. [...]
Mortgage lending rose to record £11.8bn in March after stamp duty extension May 4, 2021 UK mortgage lending saw the biggest net increase on record in March driven by extension of the stamp duty rax relief. Mortgage borrowing rose by a net £11.8bn in March, the strongest since the series began in April 1993, Bank of England figures show. The stamp duty holiday was originally due to end in March, [...]
Co-op bank reports ‘resilient’ performance in first few months of 2021 April 28, 2021 Co-op Bank reported a small underlying profit in the first three months of 2021 of £2.6m, with statutory profit before tax of £7.2m. CEO Nick Slape said the bank had delivered a “resilient” three-month performance, that should position it well to deliver overall profit in 2021. “We have delivered a resilient performance by maintaining our [...]
Metro Bank signals lending progress after slow start to the year April 28, 2021 Metro Bank said it is starting to see growth in consumer lending again, after a lockdown-led sluggish start to the year. Metro Bank saw a 17 per cent plunge in lending for the first quarter, with the company’s total net loans falling to £12.05bn for the first three months of 2020, versus £14.51bn a year earlier. [...]