Nationwide earnings fall after mortgage lending dips
Nationwide Building Society reports a pre-tax profit fall to £486m as mortgage lending decreases and Virgin Money acquisition costs rise. Discover the full financial details.
Category : Search result: mortgage crisis
Reeves Plans Bank Tax Raid Impacting Savings & Mortgages
Chancellor Rachel Reeves is considering a £2bn bank surcharge increase in the Autumn Budget, a move experts warn could lower savings rates and raise mortgage costs.
Nationwide loses customer's £70,000 for 10 days
Robert Milne's £70k mortgage overpayment vanished for 10 days, causing immense stress and a dispute over Nationwide's £200 compensation offer. Discover the full story.
Nationwide cuts buy-to-let mortgage rates
Nationwide's subsidiary, The Mortgage Works, reduces selected buy-to-let rates by up to 0.20%. New rates are effective from Tuesday, 18 November. A boost for UK landlords.
Barclays cuts mortgage rates by up to 0.3%
Barclays announces significant mortgage rate cuts, with Skipton and Leeds also reducing prices. Experts suggest a lender price war is brewing ahead of the Budget. Act now to secure a deal.
MPs: Cutting cash ISA limit won't boost stocks
Treasury Committee warns Chancellor Rachel Reeves that reducing cash ISA allowance could increase mortgage rates instead of stimulating stock market investment.
Hidden Costs of Shared Ownership Revealed
Mortgage expert Sam Fox explains the crucial expenses to consider when buying through shared ownership schemes. Essential reading for UK first-time buyers.
Mortgage market clash: Brokers vs building societies
A fierce debate erupts between mortgage brokers and building societies as new research reveals growing tensions over lending practices and market access.
Emergency Cost of Living Packs Sent to UK Households
Vulnerable households nationwide are receiving emergency support packages containing essential items as fuel poverty reaches critical levels this winter.
Labour urges halt to DWP benefit cuts amid cost crisis
Labour's deputy leader Angela Rayner demands immediate halt to DWP benefit deductions as families struggle with soaring living costs, warning of devastating consequences for millions.
Coventry Foodbank's Christmas Bear Fights Hunger Crisis
A heartwarming Christmas campaign launches in Coventry as local foodbank deploys giant festive bear to highlight growing food poverty and rally community support during cost-of-living crisis.
Birmingham Council Sells 1,000 Assets in Bankruptcy Crisis
Exclusive investigation reveals the staggering scale of Birmingham City Council's asset disposal programme, with everything from community centres to office equipment being sold off to tackle the authority's financial crisis.
Midlands Hospitals Reinstate Mandatory Face Masks
Hospitals across the Midlands reinstate mandatory face coverings for all visitors and staff as COVID-19 and flu cases surge, sparking fresh concerns about NHS winter pressures.
Zog Energy collapses: 24,000 customers affected
Zog Energy becomes latest casualty of energy crisis as 24,000 households face transfer to new supplier amid soaring wholesale prices and cost of living pressures.
Zog Energy collapses affecting 15,300 customers
Zog Energy becomes latest casualty of UK energy crisis as regulator Ofgem scrambles to find new supplier for thousands of households left in limbo.
Birmingham Council Faces Pressure for Financial Crisis Inquiry
Calls intensify for an independent investigation into Birmingham City Council's financial collapse as opposition leaders demand transparency and accountability.
The Entertainer announces major job cuts amid cost crisis
Britain's beloved toy chain The Entertainer faces tough restructuring with significant job losses as rising costs and tax pressures hit the retail sector hard.
West Midlands Plans 5,000 New Homes in Major Regeneration
Ambitious regeneration plans could transform the West Midlands with thousands of new homes, commercial spaces, and community facilities set to breathe new life into the region.
£46k+ Earners Face Higher Tax in Fiscal Drag Squeeze
New analysis reveals how the frozen income tax threshold is dragging more workers into higher tax brackets amid the cost of living crisis. Discover if your salary makes you one of the 'fiscal drag' victims.
Homeware chain with 30 stores collapses into administration
British home furnishings retailer collapses into administration, closing all 30 stores and making 250 staff redundant in devastating high street blow.
DWP accused of 'stealing' £6,850 from single parents
Exclusive investigation reveals how the DWP is demanding thousands back from vulnerable single parents after wrongly classifying them as couples - leaving families in financial ruin.
HMRC's Tax Crackdown: £100 Fines Loom for Households
HMRC is preparing to issue automatic £100 fines to households who fail to complete tax returns on time, with experts warning this could impact millions during the cost of living crisis.
Birmingham's £225m IT crisis forces council tax hike
Exclusive investigation reveals how Birmingham City Council's disastrous Oracle IT implementation created a financial black hole, forcing service cuts and council tax hikes across the city.
Thousands of new homes planned for Midlands region
Major development plans revealed for Midlands with thousands of new homes, infrastructure upgrades, and economic growth opportunities set to reshape the region's landscape.
UK Homebuyers Can Borrow 6 Times Salary
Major UK lenders including Halifax and Nationwide are dramatically increasing mortgage borrowing limits, offering hope to first-time buyers and those moving up the property ladder in a competitive housing market.
Protesters halt Birmingham Council tax hike vote
Chaos erupted at Birmingham Council House as protesters stormed the chamber, forcing councillors to flee and halting a controversial 21% tax increase vote in dramatic scenes.
Government takes control of crisis-hit HMP Birmingham
The Ministry of Justice has seized control of HMP Birmingham after inspectors found shocking conditions including violence, drugs, and squalor at the troubled Winson Green prison.
Empty Shoes Protest Reveals SEND Crisis Across UK
Families across England and Scotland are placing empty children's shoes outside council buildings in a poignant protest against special educational needs funding cuts and support failures.
Council Tax Shock: Two Payments Due in April 2024
Exclusive investigation reveals how April's payment schedule creates perfect financial storm for families already struggling with cost of living crisis.
Half of UK households forced to make spending cuts
Shocking new research reveals how the ongoing cost of living squeeze is pushing millions of British families to their financial limits, with many making severe cutbacks just to manage essential expenses.
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