Boon comes as building society posts sharp drop in first-half profits
Rise in prices of just 0.1% between September and October fails to hit forecasts
Mutuals grow to hold a 23 per cent share in the mortgage market
Rate will only be available to buyers and not customers switching home loan products
Each of building society’s resolutions won about 95% or more of members’ votes
Nationwide says market shows ‘signs of resilience’ even as separate Bank of England data points to consumer caution
Debbie Crosbie says only a ‘tiny minority’ of members are against the plan
Nationwide data reflects impact of recent rise in mortgage rates
Data from central bank beats forecasts as separate Nationwide figures show unexpected drop in house prices
Building society has hurdles to overcome to make £2.9bn acquisition pay off
Companies confirm details outlined this month to form challenger to UK’s biggest banks
Bid for Virgin Money comes as Labour seeks to double the size of the co-operative and mutual financial services sector
The potential merger is not a risk-free proposition
Proposed deal would create group with total assets of £366bn
Given sector consolidation was a virtual certainty and Virgin a decent prize, its board could have driven a harder bargain
Higher than expected rise in February as mortgage rates ease
Month-on-month increase of 0.7% is fastest pace since October as mortgage rates ease
Nationwide’s figures reflect stagnant market caused by impact of high mortgage rates on would-be home buyers
Building society warns customers under pressure though defaults lower than expected
Commercial banks are seen to be making progress though not without criticism of industry’s overall D&I performance
Mortgage provider points to lack of properties for sale as it reports increase of 0.9% in October
Data from Nationwide shows high mortgage rates are hitting the property market
Rising interest rates drive drop in prices in May and highest net repayment of loans outside pandemic
Chief says building society will distribute £340mn to members
Increase of 0.5% in April ended seven consecutive months of decline, Nationwide data shows
