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The Latest Breaking News from Nationwide

Britain no longer an economic outlier after ‘extraordinary’ GDP upgrade by ONS

Jeremy Hunt said ‘those determined to talk down the British economy have been proved wrong’

The Independent UK

UK on recession alert after big falls in factory output and house prices

Signs of distress from very different parts of economy will add to Bank of England’s dilemma over interest rates

The Guardian - UK

Property prices falling faster than expected as rate rises hit demand

Mortgage experts warned of a ‘mass exodus’ of London landlords with falling prices

Evening Standard

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Sharp drop in UK house prices as rising cost of borrowing hits market

House prices fell 5.3 per cent in August, the biggest annual percentage drop since 2009

The Independent UK

UK house prices fall at fastest rate since 2009, says Nationwide

August 5.3% drop comes as sales completions down by about 40% in first half of year compared with 2021

The Guardian - UK

Surprise jump in US unemployment; UK economy hit pre-pandemic levels in 2021, new data shows – as it happened

Live, rolling coverage of business, economics and financial markets

The Guardian - UK

House prices fell in August at sharpest annual rate since 2009, says Nationwide

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

The Independent UK

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Most Americans worry that Social Security will be drained in their lifetime. And Gen Z thinks they’ll never see their investment

Gen Zers and millennials are especially doubtful that they'll see Social Security payouts by retirement.

Fortune

Nationwide cuts mortgage prices as Bank of England economist says interest rates may peak lower, but stay high

The Bank of England’s top economist said interest rates may not peak as high as expected, but should stay high for “sufficiently long”

Evening Standard

Some Americans Put Their Home Insurance Policies at Risk By Delaying Repairs, Survey Finds

Inflation and rising prices are causing delays on maintenance tasks, possibly affecting home insurance coverage.

Kiplinger

Do banks open on bank holidays? History of the holiday and how to check your branch

Bank holidays were introduced by banker, politician and scientific writer Sir John Lubbock

Evening Standard

‘It gets better and better’ — Natwest is latest major lender to cut mortgage rates

Natwest follows Halifax, HSBC, Nationwide and TSB, among others, in bringing its rates back down after a wave of increases

Evening Standard

Banks offer relief for homeowners as mortgage rates slashed

Predictions of ‘price war’ good news for first-time buyers and hard-pressed mortgage holders

The Independent UK

UK house price falls spread; Wilko falls into administration; US inflation rises to 3.2% – as it happened

RICS house price balance drops again … as more mortgage holders fall into arrears and Wilko takes ‘difficult decision’ to enter administration

The Guardian - UK

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The Guardian - UK

Four of Britain’s biggest lenders cut rates on fixed mortgage deals

Halifax, HSBC, Nationwide and TSB reduce rates, easing pressure on hard-pressed homeowners

The Independent UK

Major lenders poised to reduce some mortgage rates

Nationwide Building Society, HSBC UK and TSB are expected to cut some home loan rates from Wednesday.

The Guardian - UK

UK interest rate rise: what it means for you

How the new base rate may affect mortgage holders and savers

The Independent UK

Bank of England hikes interest rates for 14th consecutive time despite inflation slowdown

Central bank raises interest rates to highest level since February 2008

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news in one place.

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Ideal Home

UK house prices drop at sharpest annual rate in 14 years – here's what you need to know

Nationwide reveal that housing affordability 'remains stretched'

Evening Standard

House price falls aren’t a patch on the bad old days

City Comment: House prices might be falling, but they’re still close to all-time highs

Evening Standard

‘Soft landing’ for house prices is still possible, Nationwide says

The average cost of a home in the UK dipped 0.2% to £260,828 in July

Evening Standard

UK house prices fall at fastest annual rate for 14 years

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

The Guardian - UK

UK house prices fall at fastest rate since 2009 after interest rate rises

Nationwide says cost of a typical home is £260,828 after 3.8% year-on-year drop in July

The Guardian - UK

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 Independent 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

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