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Banks ‘could weather £125bn hit in economic downturn’ despite rising interest ratesBusiness live – latest updatesThe UK’s largest banks are strong enough to weather a £125bn financial hit during a severe economic downturn, despite facing mounting stres…
Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming monthsBusiness live – latest updatesUK house prices have defied expectations by growing slightly in June but annual prices fell at the fastest rate since 20…
Nationwide is latest lender to lift cost of deals as borrowers brace for 13th successive Bank of England interest rate riseThe average rate on a new two-year fixed mortgage has edged closer to the 6% threshold, as Nationwide became the latest big lende…
Longstanding members angry at being excluded from £340m cash giveaway, which starts next weekA £340m cash giveaway kicks off next week when one-off payments of £100 apiece will start appearing in the bank accounts of 3.4 million Nationwide building soc…
Average property drops 3.1% to £257,122 over year to March, says NationwideBusiness live updates: UK house prices in biggest fall since 2009UK house prices have fallen at their fastest annual rate since the aftermath of the financial crisis in 2009, wi…
Almost four in 10 people have to use credit cards to cover such costs, says NationwideInflation and rising bills mean UK households are spending 12% more on essentials than they were a year ago, with almost four in 10 people having to use credit cards …
Average cost of home now 3.2% below August 2022 peak as mortgage demand slumpsHouse prices in the UK continued to fall in January, sliding for the fifth month in a row, according to Nationwide, pushing the average cost of a home 3.2% below the peak se…