mortgage-market
Top StoriesAnalysis-Consumer-focused Lending Under Labour Could Dent UK Bank Profits
Top StoriesNatWest First-Quarter Profit Slumps 27% as Savings, Mortgage Competition Bite
Top StoriesUK Homeowners and Businesses Resilient to High Interest Rates, BoE Says
Top StoriesUK Property Prices Show First Annual Rise Since August – Rightmove
UK Lenders Step up Mortgage Price Battle as Inflation Slows
Date: November 15, 2023
UK lenders step up mortgage price battle as inflation slows By Iain Withers LONDON (Reuters) – British lenders have accelerated price cuts on mortgages as competition intensifies, inflation slows and markets increase bets on future Bank of England (BoE) interest rate cuts. Average rates on fixed-rate mortgage products have fallen by more than 0.5 percentage...
Miners Drag London Stocks Lower; Unite Group Slips
Date: August 7, 2023
Miners drag London stocks lower; Unite Group slips By Shreyashi Sanyal (Reuters) -The UK’s exporter-heavy FTSE 100 index dipped on Monday, weighed down by heavyweight miners, while shares of Unite Group fell to the bottom of the index after a rating downgrade. The FTSE 100 index edged 0.2% lower in the first hour of trading,...
Analysis-Spasms in UK Mortgage Market Spell Pain for Homeowners, Economy
Date: June 15, 2023
Analysis-Spasms in UK mortgage market spell pain for homeowners, economy By Andy Bruce and Sinead Cruise LONDON (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fueled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on a par with the late 1980s....
Irish State, Britain’s NatWest to Sell 6% Stake in Permanent Tsb
Date: June 2, 2023
LONDON/DUBLIN (Reuters) -Ireland’s finance ministry and British lender NatWest Group said on Thursday they would together sell 6% of Irish bank Permanent TSB, the first sale of shares in the lender by the Irish state since 2015. The two shareholders will each sell 3% in the group to dispose of a combined 33 million shares...
Some Smaller UK Lenders Pull Mortgage Products as Markets Churn: Brokers
Date: May 25, 2023
LONDON (Reuters) – Some smaller British mortgage lenders temporarily withdrew and repriced products for new customers on Thursday, a consequence of a spike in British market interest rates following unexpectedly strong inflation data this week. The moves had echoes of a more severe temporary shutdown of the mortgage market in late September and early October...
UK’s Bellway to Buy Back Shares, Hike Social Housing Output
Date: March 28, 2023
By Aby Jose Koilparambil (Reuters) -UK’s Bellway will build a bigger share of homes in its social housing programme this fiscal year, its chief said on Tuesday, after the housebuilder announced a 100 million pound ($123.1 million) share buyback despite a fall in interim profit. A recent uptick in buyer sentiment has not entirely allayed...