Our credit scoring system is out of date and Generation Rent is paying the price January 23, 2024 Many Brits are forking out thousands on rent but remain credit-invisible; unlocking data could be the solution, writes Alex Marsh.
Taylor Wimpey bemoans planning delays as it pulls back housebuilding numbers January 11, 2024 Housebuilder Taylor Wimpey has said it expects full-year operating profit to come in at the top end of its guidance range.
Why the London property market will ‘underperform’ as UK house prices rise January 5, 2024 London house price growth will continue to “underperform” in comparison to the rest of the UK, property experts have predicted. Tom Bill, head of UK residential research at Knight Frank, said that buyers “struggling with affordability” will hinder recovery in the capital’s property market. “People were leaving to get more value during the pandemic..and I [...]
House prices rise for third straight month as market readies for 2024 rebound January 5, 2024 The UK housing market continues to beat expectations despite higher interest rates, with fresh figures today showing prices have risen for the third straight month.
Mortgage approvals rise as rates cool – but the housing market is not out of woods yet January 4, 2024 According to the latest reading from the Bank of England (BoE) net mortgage approvals for house purchases rose from 47,900 in October to 50,100 in November.
Royal Bank of Canada’s £8bn bid for HSBC approved December 22, 2023 The Canadian government has green-lit a $10.2bn (£8bn) bid by the Royal Bank of Canada (RBC) for HSBC's domestic unit, HSBC Canada.
Average two-year mortgage rate drops below six per cent in sign pain for borrowers is easing December 8, 2023 The average interest rate for a fixed two-year mortgage has fallen below six per cent for the first time since June. Moneyfacts has reported the average two-year fixed rate is now 5.99 per cent, down from the peak of 6.86 reached in July. Competition among lenders is driving rates lower, noted partner at Knight Frank [...]
House prices rise again – but London properties still down on last year December 7, 2023 House prices rose by 0.5 per cent in November, following a rise of 1.2 per cent the prior month, according to Halifax.
‘I fear for my disabled wife’: How Woodford investors have been impacted December 4, 2023 The fallout from former stock picker Neil Woodford’s collapsed investment fund has shaken the investment world and triggered an almighty spat between investor groups and the regulator.
Meet the young professionals abandoning London – and the rental crisis December 4, 2023 A typical weekend for Jack Trimmer used to be spent in busy pubs in South West London. But they tend to look a bit different since he moved back into his parents home in Hampshire a few weeks ago.