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INSANE: 15 | Rare Historical Photos

Virgin Money has already spent £10m on Nationwide takeover fees

Advisory costs are expected to be “significantly higher” later in the year

Evening Standard

UK house prices rise at fastest rate in 18 months, Nationwide reports

Annual growth rate was 2.1% in July but building society says high mortgage rates still pose challenges

The Guardian - UK

APP fraud reimbursement ‘still largely depends on who victims bank with’

The Payment Systems Regulator has published authorised push payment scam reimbursement figures for banks and building societies.

The Independent UK

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Annual house price growth reaches fastest rate since December 2022

Nationwide Building Society said UK house prices rose 0.3% month-on-month in July.

The Independent UK

Public sector pay rises unlikely to drive up inflation, says Bank of England after interest rate cut – as it happened

City economists predict further cut in November, after first reduction in UK interest rates since 2020, as Bank lifts its growth forecast for this year

The Guardian - UK

Nationwide's new sub-4% mortgage deal is part of a pattern

City Comment: Nationwide is supposed to be better value over 20 years, not 20 minutes

Evening Standard

Fixed-rate mortgages below 4% back on sale in UK

Brokers hope Nationwide’s mortgage deal is sign of ‘summer of savings’ for homebuyers

The Guardian - UK

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Britain’s biggest building society reintroduces sub-4% fixed mortgage rates

Comes amid expectations that the Bank of England base rate will start to be cut soon

The Independent UK

Nationwide gets green light for £2.9bn takeover of Virgin Money

Regulator the CMA finds deal will not substantially affect competition for mortgages and credit cards

The Guardian - UK

Nationwide admits it faces ‘challenges’ in years-long Virgin Money merger

The building society defended the £2.9 billion takeover to members during its annual general meeting on Wednesday.

The Independent UK

Nationwide seeks power to triple executive bonuses

Nationwide’s 16 million members left in the cold on society decision making

Evening Standard

London house prices up 1.6% but first-time buyers struggle to afford high mortgage rates

Mortgage rates are still hovering around 5%, leaving buyers struggling to pass mortgage affordability checks

Evening Standard

UK house prices still unaffordable for many people, says Nationwide

High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflation

The Guardian - UK

The no-deposit mortgage that lets tenants buy the home they live in … with a gift from the landlord

Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costs

The Guardian - UK

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The Independent UK

HSBC, Virgin Money and Nationwide customers hit by banking glitches on pay day

Customers have been unable to access their accounts online to make payments

The Independent UK

Nationwide cites inflation for sudden pet coverage cancellations

The nation’s biggest provider of pet insurance cited the escalating cost of veterinary care and other factors cutting into its profits as the reason for its decision

The Guardian - UK

Ethical banking in the UK: how to put your everyday account to good use

With spotlight on investments behind banks, we ask whether three top providers still offer a good deal

Evening Standard

Virgin Money profits edge up ahead of Nationwide deal

Nationwide members to the competition watchdog in bid to stop deal

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The Guardian - UK

US dollar rallies as strong jobs report dampens rate cut hopes – as it happened

US economy created many more jobs than expected in May, but unemployment rate has risen to 4%

The Independent UK

Will the general election impact house prices?

Nationwide announced that UK house prices saw a modest bounce back in May

Evening Standard

Nationwide faces competition inquiry over Virgin Money deal

Nationwide Building Society’s controversial £2.9 billion takeover of Virgin Money hit a potentially serious hiccup today when the Competition and Markets Authority launched a probe into the deal.

The Independent UK

Watchdog launches investigation into Nationwide’s Virgin Money takeover

The CMA said it is considering whether the deal could ‘result in a substantial lessening of competition’ within the UK market.

Evening Standard

Nationwide sees higher wages give a small Spring boost to property market

Prices rose at a higher annual rate of 1.3% in May says lender

The Guardian - UK

Eurozone inflation jumps to 2.6%; UK house prices rebound; US PCE index lifts rate cut hopes – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Nationwide blocked my debit card and won’t tell me why

Its fraud team couldn’t resolve the matter and I’m running out of money

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