lending
Lloyds earnings dip as boost from borrowing costs slows
The banking group said it made a pre-tax profit of £3.3 billion in the first six months of the year.
Buy-to-let mortgage market has shrunk ‘amid challenges for landlords’
Strong rental demand and lending standards could mean the buy-to-let sector emerges from the downturn sooner than expected, UK Finance said.
Consumer credit borrowing bounces back while mortgage lending halves
Consumer credit borrowing bounced back to £1.5 billion during the month, up from £800 million in April, Bank of England data showed.
Monzo cheers first annual profit since 2015 launch
The digital bank now has nearly 10 million customers and is preparing to expand across Europe.
City watchdog clamps down on ‘poor quality’ credit ratings
The Financial Conduct Authority (FCA) unveiled proposed changes to see people’s credit files better reflect their finances.
Danske Bank's nine month pre-tax profit up 91% to £152m for Belfast-based lending business
DANSKE Bank’s Belfast-based business has recorded a pre-tax profit of £152.2 million for the first nine months of 2023.
Halifax and First Direct join other lenders in announcing mortgage rate cuts
HSBC UK, Nationwide Building Society and TSB are also among the lenders which have announced mortgage rate cuts this week.
Profit at Bank of Ireland's car finance firm Northridge rose to £57m in 2022
BANK of Ireland's motor finance subsidiary Northridge secured its position among the north’s most profitable businesses after recording another annual jump in profits.
Mortgage defaults expected to increase in months ahead, say lenders
The availability of mortgages is expected to decrease by the end of August, according to the Bank of England’s credit conditions survey.