160 days ago • Posted by William Ramstein

British banks see returns from pandemic led mortgages

The bank joins rivals NatWest Group Plc and Barclays Plc in setting aside less than forecast for souring loans in the final three months of the year, while cautioning that the outlook was uncertain for the recovering British economy, which has suffered its worst recession in three centuries. U.K. mortgages, which represent two-thirds of Lloyds’ lending, continued to grow as customers reassessed their homes in the pandemic and the government offered tax breaks on sales. Source: Yahoo