December 4, 2022

Nationwide warns unhealthy loans prone to rise as family

Nationwide warns bad loans likely to rise as household

Nationwide warns bad loans likely to rise as household

Nationwide Constructing Society warned that unhealthy loans have been prone to develop because the worsening UK economic system squeezed households, at the same time as earnings on the nation’s second-biggest supplier of mortgages elevated on the again of rising rates of interest.

On Friday Nationwide reported a 13 per cent year-on-year rise in pre-tax revenue to £969mn within the first half of the yr, pushed primarily by rising rates of interest that touched 3 per cent this month.

The outcomes got here a day after chancellor Jeremy…

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