UK mortgage debt swells to £7bn as interest rates rise May 4, 2022 Mortgage debt swelled in March, according to Bank of England data, with net borrowing climbing from £4.6bn to £7bn in March as interest rates rise. House purchase mortgage approvals slipped to 70.7k in March from 71.0k in February, slightly ahead of consensus but moving towards their 2015 to 2019 average of 66.5k – which analysts [...]
Competition watchdog raises concerns over London Stock Exchange Group’s Quantile takeover May 3, 2022 The UK’s competition watchdog has raised concerns today that the London Stock Exchange Group’s takeover of transaction risk firm Quantile could damage competition in the sector.
House price growth slows but remains in double digits April 29, 2022 Growth in house prices has slowed this month, but remains in double digits, according to the Nationwide House Price Index.
City A.M. Awards 2022: Innovative Company of the Year March 22, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Average UK property almost £30,000 more expensive than a year ago as house prices accelerate March 2, 2022 The average UK house price has topped £260,000 for first time, after surging by nearly £30,000 over the past 12 months. The typical property value reached £260,230 in February, Nationwide Building Society said. In cash terms, the average house price in February was £29,162 higher than a year earlier, the biggest annual cash increase the [...]
Mortgage approvals highest since the summer as cost of living crunch looms March 1, 2022 Mortgage approvals for house purchases lifted in January, in another monthly boost for the housing market. Figures released from the Bank of England on Tuesday morning show some 73,922 mortgage approvals during last month. This is the highest approval number since July 2021, when 75,900 mortgages were given the green light. It also represents the [...]
Time to build some houses for the sake of London’s future February 21, 2022 Some years ago, a small group of twitter warriors coalesced around a single campaign slogan – build some bloody houses. As ever with social media trends, the energy and enthusiasm has now lagged, but the point is as relevant as ever. Last year the average house increased in price by around the same as the [...]
Strongest year-start since 2005: Brits fork out average of £255,556 on houses as prices soar February 1, 2022 Buyers are paying more than ever before for their homes with the average UK house costing 11.2 per cent more than it did last year.
Week ahead: City braces for another Bank of England rate hike January 30, 2022 All eyes will be on Threadneedle Street this week as the City braces for another rate hike from the Bank of England. The Old Lady is widely expected to lift borrowing costs again on Thursday, marking the first time the central bank has hiked rates at successive meetings since 2004. The Bank lifted rates for [...]
Cost of living crisis: Millions of savers miss out as UK banks pocket profits from higher interest rates January 10, 2022 The UK’s major banks have failed to pass on last month’s interest rate rise to millions of savers, according to Moneyfacts.