Bank says there has been some slowdown in customers trying to get new mortgages in recent weeks
Pre-tax profits at NatWest Group remained flat between July and September at £1.1bn, amid a worsening economic outlook and a cost of living squeeze on its customers, as the bank predicted UK house prices would fall by 7% next year.
Its profits, boosted by higher interest rates increasing its margin between what it charged for loans and paid out to savers, were slightly higher than the £1bn made in the same period a year earlier but lower than analysts’ forecasts.
Bank says there has been some slowdown in customers trying to get new mortgages in recent weeksPre-tax profits at NatWest Group remained flat between July and September at £1.1bn, amid a worsening economic outlook and a cost of living squeeze on its customers, as the bank predicted UK house prices would fall by 7% next year.Its profits, boosted by higher interest rates increasing its margin between what it charged for loans and paid out to savers, were slightly higher than the £1bn made in the same period a year earlier but lower than analysts’ forecasts. Continue reading…
