mortgages
FinanceBritain's Nationwide Reports Annual Profit up 30% as It Integrates Virgin Money
FinanceImpact of Property Valuation on Loan Amount Sanctioned
FinanceUK Property Portal Rightmove Expects Bigger Revenue Growth in 2025
FinanceLooser Mortgage Rules in Europe Raise Risks for Lenders, Warns Moody's
Norway Eases Loan-To-Value Mortgage Limit to 90%
Date: December 4, 2024
OSLO (Reuters) – The Norwegian government will ease its loan-to-value restriction on mortgage lending, the finance ministry said on Wednesday, loosening a policy that had constrained borrowing and led to a decline in the construction of new homes. The revised rule set a maximum loan-to-value mortgage ratio of 90%, up from 85% previously, requiring borrowers...
Hungary Seeks Housing Boost From Pensions Ahead of 2026 Election
Date: October 15, 2024
By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s economy ministry proposed on Monday that savings in private pension accounts can be used tax-free for housing purposes as a one-off measure next year as part of wider efforts to boost the economy ahead of a 2026 parliamentary election. In power since 2010, Prime Minister Viktor Orban has...
NatWest First-Half Profit Down 16% as Mortgage Competition Bites
Date: July 26, 2024
LONDON (Reuters) – NatWest’s first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products. The British bank said this month that the government’s stake in it fell below 20%,...
China Slashes Mortgage Reference Rates to Revive Property Market
Date: February 20, 2024
China slashes mortgage reference rates to revive property market SHANGHAI/SINGAPORE (Reuters) -China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy. The 25-basis point cut to the five-year loan prime rate (LPR) was the largest since the reference rate...
Unlocking the Mysteries of Mortgages in Mallorca: Your Ultimate Guide
Date: October 19, 2023
Unlocking the mysteries of mortgages in Mallorca: Your ultimate guide Mallorca, an idyllic island nestled in the Mediterranean Sea, is renowned for its stunning landscapes, pristine beaches, and vibrant culture. It comes as no surprise that many dreams of owning a piece of this paradise, whether as a holiday home, retirement haven, or a sound...
UK Lender Virgin Money Sticks to Annual Outlook Despite Mortgage Pressures
Date: August 2, 2023
UK lender Virgin Money sticks to annual outlook despite mortgage pressures (Reuters) -British challenger bank Virgin Money UK on Wednesday maintained its full-year outlook and reported stable net interest margin (NIM) in the third quarter despite pressure from its mortgages business. Virgin Money has been restructuring itself as it grapples with a drop in footfall...