Tuesday, 22 October 2019

Tag Archives: mortgage

Lloyds Bank profits fall after fresh $669 mn PPI charge

LONDON: Britain’s biggest mortgage lender Lloyds Banking Group posted weaker-than-expected pretax profits, as a further 550 million pound ($668.9 million) provision to meet claims for mis-sold insurance to consumers weighed on earnings. The bank posted pretax profits of 2.9 billion pounds for the first half of the year, below forecasts ...

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UK Mortgage Approvals at 3-Year Low

U.K. lenders approved the fewest mortgages in almost three years in December as a Bank of England interest-rate increase added to the headwinds facing the housing market. The number of approvals fell to 61,039, down from the 64,712 in November and the lowest since January 2015, the U.K. central bank said ...

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Gross mortgage borrowing falls five per cent

LONDON: Figures published by the British Bankers Association show gross mortgage borrowing fell five per cent to £12.2bn in November 2016 compared with the same month last year.Additionally, net mortgage borrowing was 2.4 per cent higher than a year ago. According to the BBA consumer credit annual growth fell back ...

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