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INSANE: 24 - The Real Truth

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

The Guardian - UK

Recession fears as house prices slump and manufacturers suffer worst month since lockdown

Price of a typical home is now 4.5 per cent below the August 2022 peak

The Independent UK

UK house prices fall at fastest annual rate in 14 years

The price of a typical home is now 4.5% below the August 2022 peak, Nationwide Building Society said.

The Independent UK

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Big UK lenders cut fixed mortgage deals in sign rates may be close to peaking

Moves by Nationwide, HSBC and TSB come after fall in inflation eases fears over future interest rate rises

The Guardian - UK

Homeowners hope mortgage rates have peaked as Nationwide becomes biggest lender yet to cut prices

Nationwide joins HSBC and Barclays among top lenders in lowering its rates

Evening Standard

Lender ‘hung me out to dry’, says de-banked customer

Accountant Ameet Shah saw all his accounts frozen earlier this year without notice or explanation.

Evening Standard

HSBC, Nationwide and TSB failed to send transaction histories to some customers

The providers breached a requirement that payment transaction histories should be provided to customers when they close their account.

The Independent UK

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Average 5-year fixed-rate mortgage hits 6.3 per cent deepening UK’s home loan misery

Britain’s home loan misery was growing on Friday as the average five-year fixed-rate mortgage hit 6.3 per cent.

Evening Standard

UK’s biggest mortgage lenders in 2022 ranked

Lloyds Banking Group has held its position as the UK’s biggest mortgage lender but some providers moved up or down the tables.

The Independent UK

Mortgage rates could climb even further after hitting 15-year high today

Lenders, brokers and property experts all see further rises this year, but hope pressure will ease in 2024

Evening Standard

UK mortgage payers must brace for even higher borrowing costs, IMF warns

International Monetary Fund backs Bank of England on whatever tough action needed to control inflation

The Guardian - UK

Nationwide expects house prices to FALL by 6.5% from peak seen last year

UK house prices are expected to fall from their peak in August last year following the 13 consecutive interest rate hikes from the Bank of England and rising mortgage rates

Daily Mirror

What is happening to house prices and mortgages? Everything you need to know

The property market is cooling and house prices are falling from their peak - all as mortgage rates continue to rise, hitting a 15-year high today and the worst level since the aftermath of the Mini-Budget

Daily Mirror

RBS and Natwest announce closure of 36 branches across UK - check the full list

NatWest will close 34 additional branches between September 2023 and July 2024, with their sister bank, RBS, shutting down two more branches by November this year.

Daily Record

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Nottingham Post

Natwest and RBS announce 36 branches to close - full list

Move means many communities will lose their access to high street banking

Birmingham Post

Northern Ireland record only annual house price rise of all UK regions: Nationwide

Average property price in the province climbed by 0.7% year on year in June against UK average of -3.5%

The Guardian - UK

UK house prices rise unexpectedly in June but annual rate falls

Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming months

The Independent UK

Average house price falls 3.5% as mortgage rates keep climbing

The sharp increase in borrowing costs is likely to exert a significant drag on near term housing market activity, Nationwide Building Society said.

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The Guardian - UK

Eurozone inflation drops; UK recession fears linger; Apple hits $3trn valuation – as it happened

Eurozone price pressures have eased, although core inflation has risen, as economists warn UK recession risk has not vanished

Evening Standard

Halifax, Nationwide, HSBC and TSB all raise mortgage prices yet again

Interest rates have skyrocketed in recent weeks, with the average two-year fixed deal hitting 6.3% today

Evening Standard

FTSE 100 live: Thames Water responds to administration reports; shares climb higher

The FTSE 100 index is struggling for direction today after the boss of the Federal Reserve signalled at least two more US rate hikes.

Irish Mirror

Former RTE star Mary Kennedy admits she isn't 'short of work' since retiring from the station

The Dubliner was forced to retire from Nationwide in 2019 after she turned 65

Wales Online

The best fixed mortgage deals you can get right now according to MoneySavingExpert

Homeowners and first-time buyers are facing further uncertainty with rising rates and deals disappearing in just 30 minutes

Wales Online

Lloyds, Barclays, Halifax, HSBC: All the variable mortgage rates right now as interest rates to rise for 13th time

Some banks will be increasing their rates in a few weeks

Birmingham Post

Nationwide promises to keep high street branches open until 2026

The Swindon-headquartered building society has 605 branches across the country

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