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Metro Bank sells mortgage book worth £521m

Metro Bank sells mortgage book worth £521m

Metro Bank has sold off a mortgage book worth £521m to an American hedge fund. The embattled lender announced the sale as part of its financial results for the first half of the year, which showed year-on-year profits dropping from £20.8m to £3.4m. Metro has also announced that its founder, Vernon Hill, will step down…

House Price Growth Index

House Price Growth Index

Zoopla UK Cities House Price Growth Index shows the buyers attitude in the housing market. Main Features House price inflation in the UK stands at 1.7% as per the Zoopla Hometrack analysis Glasgow grew highest at +5.1% whereas prices in London registered negative growth -0.5% over the last 12 months Discounts to asking price increased…