Lloyds sued by customers sold mortgages linked to house prices Lloyds Banking Group is being sued by 150 homeowners who were sold mortgages tied to house price appreciation. The case has been brought against the Bank of Scotland, now part of Lloyds, in the High Court. It pertains to shared appreciation mortgages which were sold to thousands of customers in the late 1990s, the product [...]
House sales drop by almost a third as market braces for slowdown in mortgage approvals House sales The number of houses sold in the UK has fallen by almost a third as the market struggles to upkeep the momentum from a surge in sales at the start of spring. UK residential transactions fell 32 per cent in April with 67,220 homes sold, figures from HMRC show, 32 per cent lower than April [...]
Government to ‘announce plans to phase out leasehold’ in King’s Speech UK Politics All new houses across England and Wales will have to be sold as freeholds, as part of a Leasehold Bill led by Michael Gove, and expected to be announced in the King's Speech, according to the Sunday Times.
Unopened copy of Nintendo Super Mario 64 sells for… £1 million July 12, 2021 An unopened copy of Nintendo’s Super Mario 64 has sold at auction for just over £1.12m. Heritage Auctions in Dallas said that the 1996 game sold on Sunday, breaking its previous record price for the sale of a single video game. A spokesman did not immediately respond to an inquiry about who purchased the game. [...]
We should be creating a Right to Build not reviving more Thatcherite dreams May 5, 2022 This week, Boris Johnson mooted the idea of breathing new life into the Thatcherite right-to-buy policy. As the Conservatives face down the barrel of fierce local elections, headline-grabbing policies are a useful tool. With the new right-to-buy scheme, up to 2.5 million households could be able to buy their homes at a discounted price of [...]
Vodafone auctions the world’s first text message as an NFT for £91k December 21, 2021 The first text message ever sent, reading "Merry Christmas," was sold today for €107,000 (£91,000) as a 'Non-Fungible Token' at a Paris auction house.
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
Keir Starmer’s bid for Red Wall voters will leave the young out in the cold October 4, 2021 No one wants to hear a longer speech from Keir Starmer after his first performance in front of live crowds at Labour conference last week. The ninety minute monologue on his vision for the party’s future was, in short, a lot. But even in the midst of winding journeys through his personal history, segues on [...]
Barratt ‘on track’ but forward sales slow amid house price concerns May 3, 2023 Barratt Developments has assured investors that it is “on track” for the year despite revealing a decline in forward sales, however the group’s share price tumbled 0.32 per cent when markets opened. In a trading update this morning the London-listed house builder noted that the economic outlook remained “difficult” as it posted total forward sales [...]
House sales set to slide by 23 per cent this year October 30, 2023 Zoopla said that UK house prices will fall two per cent over 2024 with hopes that rising incomes will “steadily repair housing affordability".