UK: Nationwide plans mortgages shakeup to help defend profits

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"Nationwide Building Society is looking at ways to revolutionise the mortgage market by developing products to let homeowners help their children on to the housing ladder and release value in their properties as they grow old.

The UK’s second-largest mortgage lender revealed it was researching new products as it admitted profits will come under pressure in coming months as competition heats up. "

Read more on: www.theguardian.com

Source : UK: Nationwide plans mortgages shakeup to help defend profits