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Nationwide Boosted By Strong Housing Market


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HOLA441

http://business.timesonline.co.uk/article/...2186260,00.html

A recovering housing market helped Nationwide Building Society to post record pre-tax profits of £559.2 million for the year to April, despite its share of mortgage lending sliding against last year.
Britain's fourth-largest mortgage lender said it had an "outstandingly successful" 12-month period, as fears of a housing market crash tailed off in the latter part of 2005 and momentum in the property market began to return in the new year.
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