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UK house price gauge falls to lowest since 2009, as banks launch ‘mortgage price war’ – business live

Rolling coverage of the latest economic and financial news, as RICS house price balance drops again…and four lenders cut fixed-date mortgage costs

  • Four of Britain’s biggest lenders cut rates on fixed mortgage deals


The owner of Ladbrokes and Coral bookmakers has said it is close to “drawing a line” under a scandal at its former Turkish business, as it set aside £585m to pay a fine over alleged bribery.

Entain has put aside the cash in anticipation of a settlement with UK authorities, who entered into a deferred prosecution agreement with the international betting and gaming group earlier this year.

“With the historic under-supply of homes the longer term outlook for housing remains positive.”

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