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Nationwide November Up 6.5% On Year

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Crazy. Must be based on FLS south of england lending.

Madness.

The last bubble brought down the NR. What's this bubble going to bring down, the country ?

Many a true word spoken in jest.

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Hasn't the Nationwide been massively increasing its market share over the last year? They might just be measuring their own insanity rather than what's happening to the market as a whole.

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Hasn't the Nationwide been massively increasing its market share over the last year? They might just be measuring their own insanity rather than what's happening to the market as a whole.

Spot on, measuring their own insanity powered by FLS :angry:

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Hasn't the Nationwide been massively increasing its market share over the last year? They might just be measuring their own insanity rather than what's happening to the market as a whole.

Yes, maybe they'll suffer most when FLS is wound down for mortgage lending.

http://www.nationwide.co.uk/mediacentre/pressreleases/archive/2013/3/Nationwide-increases-year-on-year-lending-by-40-percent.htm

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There hasn't been much talk on HPC of the end of temporary capital relief on new mortgages which will have helped NW massively too.

[given they have capital issues like Barc]

Will they no reconsider their decision not to participate in HTB2 given FLS has now been "pulled".

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Spot on, measuring their own insanity powered by FLS :angry:

Is it fair to call the Nationwide on that? Is it insane to take money being offered you at 0.25% and lend it back out at 5%, if you think that hefty difference covers your risk and then some? Are the insane not those lending out the money at 0.25% in the first place?

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Presumably without 'printing for lending' the banks will have to go back into the market for funds and compete for savers, or is that wishful thinking?

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Presumably without 'printing for lending' the banks will have to go back into the market for funds and compete for savers, or is that wishful thinking?

Wishful thinking by someone

Just in time for 2015, perhaps ?

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Presumably without 'printing for lending' the banks will have to go back into the market for funds and compete for savers, or is that wishful thinking?

Or the return of RMBS in the UK which is slightly more likely IMHO

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BBC lunchtime news just ramped this report. Odd how they made no mention of the land reg figures.

SeeYouNextTuesday (@SYNTuesday) tweeted at 1:12 pm on Fri, Nov 29, 2013:

The ever coherent #BBC. C'mon Auntie, is it a strong rise or a monthly drop for #houseprices ?

http://t.co/0DyBBfYxhh

(

)

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Presumably without 'printing for lending' the banks will have to go back into the market for funds and compete for savers, or is that wishful thinking?

Nationwide announced last week they're issuing CCDS equity.

http://m.londonstockexchange.com/exchange/mobile/news/detail.html?announcementId=11783280

Pretty strong results last week too on both sides of the b/sheet.

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Hold on, if it was always due to end in January 2014, have they just extended it for business lending under the guise of cutting mortgage lending?

Seems to be so, at the surface at least

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Hold on, if it was always due to end in January 2014, have they just extended it for business lending under the guise of cutting mortgage lending?

It's almost like they don't always tell the whole truth.

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