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Lloyds Bank eyes house price rally as first-quarter profit drops

Lloyds profits hit by rush of homeowners refinancing mortgages

Lloyds Bank profits were hit by a rush of homeowners refinancing their mortgages as households sought to take advantage of better rates.

Lloyds pre-tax profits drop 28% in Q1 – Mortgage Strategy

Lloyds Banking Group has reported a 28% drop in pre-tax profits in the first quarter, down from £2.3bn to £2.6bn year on year. Mortgage lending was down by 1% from just under £308bn in Q1 last year to around £305bn in the first quarter of this year.  The bank says the dip in lending was expected due to high levels of

Lloyds profit falls 28% as competition in mortgage market steps up

Lloyds profit drops against bumper 2023 as margins shrink

Lloyds Banking Group has posted a 28 per cent fall in profit - in line with analysts' estimates - as price wars and the prospect of interest rate cuts forced it to offer better rates to customers.