Santander: Bank cuts UK mortgage lending by more than £10bn October 25, 2023 Santander's UK division saw healthy pre-tax profit in the first nine months of 2023 but has slashed UK mortgage lending amid higher interest rates.
Lloyds rides out end of interest rate spike with bumper profit October 25, 2023 Increasing competition was not enough to stop Lloyds from performing above expectations in the third quarter as the bank continued to benefit from a relatively benign credit environment. In the three months to September, pretax profit hit £1.9bn, more than triple the same period last year and slightly ahead of analyst expectations. Net interest income [...]
Historic London estate agent Chestertons snapped up by French real estate group October 23, 2023 London estate agent Chestertons has been bought by a French real estate and technology group, in the latest sign that deal making in the property sector is heating up. The near 200 year-old estate agent was bought by Emeria, which is owned by Swiss private equity and property group Partners Group. The firm is understood [...]
Brits hurt by most ‘unfriendly’ mortgage market in the world: lending boss October 22, 2023 The UK's mortgage market is one of the most "consumer unfriendly" markets in the world due to the prevalence of short term deals, boss of new mortgage lender Perenna told City AM.
Lloyds, Natwest and Barclays in for a ‘tough quarter’ as pressure on interest income persists October 22, 2023 n results for the second quarter both Natwest and Barclays UK lowered their forecast for the full-year NIM on the back of an increasingly competitive deposit and mortgage market.
Triple lock: Pensioners could be set for inflation-busting state pension rise next April October 18, 2023 Under the triple lock, the state pension usually rises each April by inflation, wages or 2.5 per cent – whichever is higher.
London rental prices clock biggest monthly bump since records began October 18, 2023 Data released by the Office for National Statistics (ONS) on Wednesday showed rental prices in London increased by 6.2 per cent in the year to September, up from 5.9 per cent in August.
London house prices fell by 1.4 per cent in August October 18, 2023 House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year. London’s average house prices remained [...]
Barratt warns of ‘uncertain’ year ahead as number of house builds falls October 18, 2023 The London-listed firm said it only built 9,221 homes down from 13,000 compared to the same period last year.
FTSE 100 close: Easing in wage growth gives London markets a lift October 17, 2023 London's FTSE indexes climbed in early trade after new figures from the Official for National Statistics showed that pay growth was beginning to ease.