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UK watchdog shakes up ‘dysfunctional’ bank overdraft market

LONDON (Reuters) – Britain’s banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise questions about the future Read more ›

Bank of England says it is watching mortgage price war ‘like a hawk’

LONDON (Reuters) – Regulators are watching a price war in mortgages “like a hawk” and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. FILE PHOTO: A man walks Read more ›

MPs square up to regulator over duty of care for banks

LONDON (Reuters) – A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling Read more ›

UK house price growth cools in early 2019, outlook subdued: Halifax

A house door is seen in London, Britain January 19, 2017. REUTERS/Stefan Wermuth LONDON (Reuters) – British house price growth cooled in the first three months of 2019 in annual terms and the outlook is likely to remain subdued, given Read more ›

UK house prices edge up, London falls again – Nationwide

LONDON (Reuters) – British house prices picked up only a little bit of speed this month as the approach of Brexit weighed on the housing market, data from mortgage lender Nationwide showed on Friday. FILE PHOTO: A row of houses Read more ›

British banks approve fewer mortgages in February as Brexit nears – UK Finance

FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville/File Photo LONDON (Reuters) – British banks approved fewer mortgages in February than during January, industry data Read more ›

UK house prices stagnate ahead of Brexit – Nationwide

FILE PHOTO: Estate agent’s signs hang from houses in the Selly Oak area of Birmingham, Britain September 25, 2018. REUTERS/Darren Staples LONDON (Reuters) – British house prices rose by just 0.1 percent in annual terms in January, their weakest increase Read more ›

UK mortgage approvals show first annual rise in 14 months – UK Finance

LONDON (Reuters) – A decline in the number of mortgages approved by British high-street banks flattened out last month, with the first year-on-year rise since September 2017, figures from industry group UK Finance showed on Friday. FILE PHOTO: Property sale Read more ›

UK watchdog orders shake up of advisers to pension trustees

LONDON (Reuters) – Poor competition in the market for advice to pension fund trustees has resulted in “substantial customer detriment”, Britain’s competition watchdog said on Wednesday. FILE PHOTO: The sun sets behind the Canary Wharf financial district of London, Britain, Read more ›

UK house price growth edges off five-year low – Nationwide

FILE PHOTO: A couple view properties for sale in an estate agents window in London, Britain August 22, 2016. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – British house price growth picked up slightly this month from October’s five-year low, but the Read more ›