Building society warns ‘sluggish’ economy, Brexit uncertainty, weak wage increases and rising inflation are hurting customers’ financesHousehold finances are under worsening pressure, according to Nationwide building society, which reported a fall in profits and warned of tougher trading conditions ahead.Total mortgage lending slipped from £17.5bn to £16.7bn, largely because of a steep decline in loans for buy-to-let following the tax changes. But as lending for landlords has fallen, loans granted to first-time buyers have surged. Continue reading…
Via: Household finances under strain as Nationwide warns of tough times ahead
Categories: English News