mortgages
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.
Mortgage rate rises pushed 320,000 more people into poverty – report
Borrowers remortgaging in 2022 were more likely to fall into arrears on bills than those with mortgages who had not remortgaged, the report found.
Santander sees profits slump 31%, but hopes for second half ‘tailwinds’ boost
The Spanish-owned high street lender reported pre-tax profits of £804 million in the first half of 2024, down from £1.17 billion a year ago.
‘Mortgage prisoners’ forced to pay higher interest rates, High Court told
Hundreds of borrowers are taking legal action against TSB Bank over the level of interest they pay on their mortgage.
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.
Rates should be cut to stop living standards squeeze, says Bank policymaker
UK interest rates are currently at a 16-year high of 5.25% after they were increased in a bid to tackle soaring inflation.
Starmer promises economic stability to bring down ‘punishing’ mortgage costs
Prime Minister Sir Keir Starmer said people were paying the price for the chaos of the Tory era.
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.
House prices in north up 4.1% in June as high mortgage rates restrict buyers
Growth flattened after a 0.4% rise in May, leaving the average price of a house in the UK at £266,064.
Tories’ unfunded commitments could see mortgages rise – Reeves
Treasury minister Bim Afolami described the unfunded spending accusations as ‘desperate’.