Over 50s mortgages help LiveMore turbocharge growth August 6, 2025 According to Legal & General Mortgage Services, which is involved in around a third of all mortgage transactions in the UK, there has been a dramatic increase in the number of over-50-year-olds applying for mortgages. Rising house prices, coupled with increasing longevity, have pushed the average age of the first time buyer to 33, with [...]
Auction Technology Group shares tumble after debt-fuelled acquisition of Chairish August 4, 2025 Shares in Auction Technology Group tumbled on Monday after the firm added to its debt pile with the acquisition of furniture marketplace Chairish in a $85m (£64m) deal. The London-listed company said it had extended its revolving credit borrowing capacity to $275m alongside the deal, which was funded by a combination of cash and debt. [...]
Housing affordability creeps up amid wage growth and rate cuts August 1, 2025 Housing affordability in the UK has slowly been improving amid slower house price growth than wage growth, as well as a fallback in mortgage rates. House prices grew 2.4 per cent in the year to July, according to Nationwide’s latest house price index, while wage growth was five per cent. The price of a typical [...]
Trump slaps 25 per cent tariffs on India over ties with Russia July 30, 2025 President Donald Trump has vowed to slap India with 25 per cent tariffs on imports from India, with an extra unspecified “penalty” to be introduced, in an attack on its trade with Russia and “obnoxious” rules and standards. Ahead of a Friday deadline for “reciprocal” tariffs, Trump revealed Indian exports would be subjected to higher [...]
Taylor Wimpey: Construction jumps but cladding costs wipe out profit July 30, 2025 Housebuilder Taylor Wimpey posted a double-digit rise in housing completions, but a £222.2m hit from fixing combustible cladding pushed the company to a half-year loss. Shares fell nearly five per cent in early morning trades. The number of houses built in the first half of 2025 totalled 5,264, up from 4,728 last year, the company [...]
Aston Martin: Why going private could be the right road for luxury carmaker July 29, 2025 Luxury carmaker Aston Martin could delist from the London Stock Exchange and return to private ownership as a way to boost its balance sheet, according to an analyst. Experts at Third Bridge have said the move could have a number of benefits for the Warwickshire-headquartered brand including “improve agility, attract long-term partners, and reduce the [...]
Facing low pay and rising rents, a quarter of young Brits weigh UK exit July 29, 2025 Over a quarter of young Brits are considering leaving the UK to escape the country’s stuttering economy and unaffordable housing market. As many as 28 per cent of 18-30 year-olds are either planning to quit the UK or have seriously considered emigrating, according to a poll from free-market think tank the Adam Smith Institute (ASI). [...]
Paragon maintains pace as stamp duty changes slow mortgage lending July 29, 2025 Paragon has weathered a shakeup in stamp duty as analysts hailed the FTSE 250 bank’s “excellent momentum” in the first nine months of the financial year. The London-listed business recorded £1.1bn mortgage lending for the first three quarters, but estimated full-year volumes at the lower end of targets at £1.6bn. The firm said subdued activity [...]
Mortgages rebound in lift for housing market July 29, 2025 Britons’ borrowing of mortgages and consumer credit rose at a faster pace in June, fresh Bank of England data has revealed, in signs that the recovery in the housing market is “well underway”. In monthly statistics released by the Bank to signal trends in the UK banking system, it was revealed that net borrowing of [...]
Soaring stamp duty costs dampen house price growth July 29, 2025 Housing market activity has surged but price growth has slowed as high costs bite into buyers’ budgets. Buyer demand rose 11 per cent and agreed sales rose eight per cent year on year but house prices grew by just 1.3 per cent, according to Zoopla’s latest house price index. Higher stamp duty costs now impact [...]