Property News · May 24, 2016

Nationwide says mortgage lending back at pre-crisis levels


Building society controls nearly 14% of the mortgage lending market, but it warns of the effect of competition on its profitsNationwide Building Society, the UK’s second largest mortgage lender, has admitted profits will come under pressure in the coming months as competition from rivals heats up.New chief executive Joe Garner – who joined from BT earlier this year – said the group could continue to offer more attractive rates to the members who own the society by generating profit of between £1bn to £1.5bn a year. Continue reading…

Source : theguardian.com
Read more…Nationwide says mortgage lending back at pre-crisis levels

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