Mortgage Shop Financial Services In The News & Press Release Coverage
Occasionally Mortgage Shop's comments are featured in the press, here you will find some examples of news stories that we have contributed to featuring Natwest
Occasionally Mortgage Shop's comments are featured in the press, here you will find some examples of news stories that we have contributed to featuring Natwest
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NatWest is increasing rates for existing borrowers from tomorrow: Switcher: Rate increase of up to 10bps on selected two and five-year deals; Buy to Let - switcher: Rate increase of 5bps on 75% LTV two-year deal with £995 product fee. We've got some reaction from experts via industry news agency Newspage... https://news.sky.com/story/mortgages-interest-rates-inflation-latest-money-blog-sky-news-live-13040934
Mortgage rates are continuing to fall despite some concern that upheaval in the Red Sea could hit the UK economy. The average rate on a two-year fixed deal has dropped to 5.62% compared with 5.93% at the start of the year, according to financial information service Moneyfacts. HSBC and NatWest cut some rates on Tuesday, with Metro Bank and TSB also announcing reductions. Analysts expect the benchmark interest rate to be cut during this year. https://www.bbc.co.uk/news/business-67992415
Publishing its financial results for 2023, NatWest has revealed that it recorded an operating profit of £6.2bn, up 20% on 2022. The bank’s return on tangible equity was 17.8%, compared with 12.3% at the end of 2022, while income, excluding notable items, was up 10% on 2022 at £14.3bn, with total expenses up 5%. In 2023, the bank increased its lending to customers by £9bn and helped over 379,000 retail banking customers to buy or remortgage their home. In addition, NatWest also confirmed the appointed of Paul Thwaite as its group chief executive officer and executive director with immediate effect. https://theintermediary.co.uk/2024/02/natwest-confirms-ceo-and-sees-20-annual-profit-increase-in-2023/?utm_medium=email&utm_source=rasa_io&utm_campaign=newsletter
NatWest says the changes - announced on Monday - are for new and existing customers, taking its best deals below 4% in line with its competitors. Mortgage Experts give their opinions: https://www.birminghammail.co.uk/news/cost-of-living/natwest-announces-new-rules-mortgage-28452544
A number of mortgage lenders are raising their costs again in a move which will “bring further tears to the eyes of the general public”. HSBC and Virgin Money are all increasing the cost of new deals this month. It follows a similar announcement by Santander and TSB and Coventry earlier in the week. Just yesterday Natwest also announced further increases to most of its fixed rate mortgage deals. https://uk.finance.yahoo.com/news/mortgage-rates-going-back-where-103744155.html?guccounter=1
Effective 12 March, the lender says it's making the following changes to its Existing Customer product range and switcher rate has been hiked up to 10bps on selected 2 and 5 year deals. NatWest has increased rates for existing borrowers. Effective 12 March, the lender says it's making the following changes to its Existing Customer product range and switcher rate has been hiked up to 10bps on selected 2 and 5 year deals. Experts give opinion: https://www.birminghammail.co.uk/news/cost-of-living/natwest-under-fire-over-new-28794035
