Lloyds

UK house prices rose 0.2% in June to £299,330, the first increase since before the Iran war, according to the Lloyds house price index. This followed a 0.2% monthly decline in May, with annual growth rising to 0.6%.

Lloyds has eliminated the Halifax brand, having previously acquired a 173-year-old lender as part of its HBOS rescue plan during the financial crisis.

Lloyds, Halifax, and Bank of Scotland app users are experiencing an outage affecting online banking. Lloyds Bank acknowledged the issue on X, apologizing for the disruption.

Lloyds is considering scrapping the Halifax brand by the end of the year, which could result in the disappearance of the high street name. The decision may impact the banking industry and affect customers. The fate of the Halifax brand remains uncertain.

Lloyds has launched a mortgage product aimed at first-time buyers, requiring a deposit of just £5,000. This move is intended to help more individuals get onto the property ladder. The product's details and implications are being considered.

UK house price growth forecast has halved due to the Iran war fallout, with a 0.1% drop in April, making it the second consecutive monthly drop. The annual growth rate has decreased from 0.8% to 0.4%. The cost of a typical UK home is now £299,313.

The UK's 'big five' banks will meet with Chancellor Rachel Reeves to discuss mitigating economic impacts from the Middle East crisis caused by US and Israel's attacks on Iran. The emergency summit reflects growing concerns over an unavoidable economic downturn.