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Image caption Nationwide announced a sharp fall in profits. A borrower's credit rating should be marked if they take a further mortgage holiday, the Nationwide has said. Lenders look at somebody's credit rating when deciding whether to agree to a fresh loan or contract and the interest rate they will charge. Joe Garner, chief executive of the Nationwide Building Society, said an extension to the mortgage break was a sign that a borrower was "struggling". He made the comment as the UK's largest mutual announced a plunge in profits. Its statutory pre-tax profit fell to £466m in the year to April, compared with £833m the previous year. The building society said it had already faced pressure o... Full story

29 May