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Tag: Nationwide

Nationwide caps mortgage lending due to virus

Nationwide caps mortgage lending due to virus

Business
The UK's biggest building society has tripled the minimum deposit it will ask for from first-time buyers.The Nationwide will lower its ceiling for mortgage lending to new customers in response to the coronavirus crisis.It said the change, from Thursday, was due to "these unprecedented times and an uncertain mortgage market".First-time buyers are likely to be the most significantly affected because they often have smaller amounts saved to get on the property ladder.Nationwide has reduced the proportion of a home's value that is willing to lend from 95% to 85%.So for example, if a property costs £100,000, a new buyer would now need a £15,000 deposit rather than a £5,000 deposit. Nationwide made the move in case house prices
COVID-19 pandemic causes 42% drop in ER visits nationwide, CDC reports

COVID-19 pandemic causes 42% drop in ER visits nationwide, CDC reports

Health
June 3 (UPI) -- Visits to hospital U.S. emergency rooms have dropped by more than 40 percent so far in 2020, compared to the same period last year, according to figures released Wednesday by the U.S. Centers for Disease Control and Prevention. The statistics indicate that a significant number of Americans may have delayed or declined emergency care because of the COVID-19 pandemic, the agency said. Advertisement In their analysis of ER visit trends, CDC researchers analyzed data from the National Syndromic Surveillance Program for the period of Jan. 1 through May 30. The program includes data from all U.S. states except Hawaii, South Dakota and Wyoming. Changes in how hospitals, and specifically ERs, are used could be a lasting legacy of the new coronavirus, according to some public healt...
House prices see largest monthly fall for 11 years, says Nationwide

House prices see largest monthly fall for 11 years, says Nationwide

Business
House prices fell 1.7% in May from the previous month, the largest monthly fall for 11 years, according to the Nationwide.Annual house price growth halved from 3.7% to 1.8%, as the coronavirus crisis hit market activity.The latest HMRC data showed that residential property transactions fell 53% in April compared with 2019."The medium-term outlook for the housing market remains highly uncertain," the Nationwide warned."We have already seen a sharp economic contraction as a result of the necessary measures adopted to suppress the spread of the virus," said Robert Gardner, Nationwide's chief economist.But he pointed out that the raft of policies adopted to support the economy should "set the stage for a rebound once the shock passes" and help limit long-term...
Iraq deploys Counter-Terrorism Service in response to nationwide protests

Iraq deploys Counter-Terrorism Service in response to nationwide protests

World
Oct. 27 (UPI) -- Iraqi Prime Minister Adel Abdul Mahdi deployed the country's elite Counter-Terrorism Service on Sunday in response to nationwide protests. The forces said the move was meant to control violent protests centered in Baghdad and Nasiriya that began on Friday opposing corruption and calling for a reform of the country's political system. "Counter-Terrorism Service forces have been deployed in some areas of Baghdad to protect state buildings from undisciplined elements taking advantage of security forces being busy with protecting protests and protesters," the forces said in a statement. The U.N. Iraqi High Commission on Human Rights said 74 people were killed over the three-day period, most while attempting to enter political party headquarters. Most were shot to death by se...