News
Crest Nicholson sinks to loss amid ‘challenging’ housing market
3+ day, 8+ hour ago (470+ words) Crest Nicholson has revealed it swung to a loss as it warned that the housing market remained under pressure from slower activity and weaker consumer confidence. The housebuilder reported a pre-tax loss of £35.2 million for the six months to the…...
Lenders to have greater flexibility offering higher loan to income mortgages
3+ mon, 2+ week ago (515+ words) Regulators have set out proposed changes to give mortgage lenders more flexibility making higher loan-to-income (LTI) mortgages. The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) are consulting on the proposals. In July last year, the Bank of…...
Nationwide set to cut fixed mortgage rates to as low as 3.50% from Thursday
6+ mon, 5+ day ago (775+ words) Nationwide Building Society is chopping its fixed mortgage rates to as low as 3.50% from Thursday as competition in the market continues to heat up. Britain’s biggest building society will offer a two-year fixed rate mortgage at 3.50% to existing and new…...