Remortgaging rates tick up as lenders bet on ‘captive audience of existing customers’ February 7, 2024 Mortgage lenders are increasingly raising rates on their home loan products amid uncertainty over the UK economy.
Barratt sinks and Redrow jumps after £2.5bn megamerger announced February 7, 2024 Two of Britain's leading homebuilders, Barratt and Redrow, have announced a merger agreement worth £2.5bn.
UK housing market: Borrowers weigh up taking the plunge, or waiting for rates to fall further February 7, 2024 After a torrid year, the outlook for the UK’s property market is poised to improve. A number of reports have suggested that house prices will continue to drop, which will hopefully help more would-be-buyers finally get on the housing ladder, even if this negatively impacts those who already have property, and want to see its [...]
British Business Bank working on plan to launch new £600m fund for UK startups February 5, 2024 The British Business Bank is set to invest hundreds of millions annually worth of pension savings into UK growth companies.
Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Ferrari: Record year sees supercar maker race past one billion euro milestone February 1, 2024 Net profits at Ferrari exceeded €1bn (£853.7m) for the first time in its history, its chief executive has announced.
House prices: Recovery speeds up as more than half of Brits now tap up parents to get on the ladder January 31, 2024 House prices rose 0.7 per cent in January as cooling mortgage rates are continuing to help repair the market, a new report from Nationwide said.
Housing: 60 per cent of first time buyers couple up to buy a home January 31, 2024 Nearly two-third of first time buyers are entering the property market with someone else, a new report by Halifax has found. Over 60 per cent of mortgages taken out by first time buyers between January and December last year were taken out in joint names. House prices for first-time buyers remain over £132k more expensive [...]
Mortgage approvals hit six month high in fresh boost for house buyers January 30, 2024 Mortgage approvals rose again last month and climbed to the highest level in six months, in the latest signal that lower borrowing costs are helping aid recovery in the property market. New figures from the Bank of England show the number of buyers receiving a green light grew from 49,300 in November to 50,500 in [...]
Richard Caring kicks off £1bn Ivy restaurant group auction January 28, 2024 Billionaire restaurateur Richard Caring has launched an auction starting at £1bn for his share in The Ivy and its sister restaurants.