UK house prices remain stagnant as no-deal Brexit looms August 30, 2019 UK house prices grew at less than one per cent for the ninth month in a row in August, Nationwide figures revealed today, prompting calls for Boris Johnson to slash stamp duty. The value of homes did not grow between July and August, Nationwide’s House Price Index found. Read more: London commuter belt house prices [...]
UK mortgage approvals hit highest level in two years August 27, 2019 British high street banks approved the highest number of mortgages for house purchases in over two years in July, according to financial services body UK Finance, in a sign of life in a housing market which has struggled under the weight of Brexit. Read more: London house prices continue to slide under Brexit pressure There [...]
OneSavings and Charter Court post higher loan books as merger draws near August 21, 2019 OneSavings Bank and Charter Court Financial have both reported higher loan books for the first half of this year as they gear up for a £1.6bn tie-up aimed at creating a leading specialist lender. Shares in both groups tumbled by roughly five per cent in morning trading, as lower net margins and Brexit-related uncertainty in [...]
UK manufacturers gloomy but consumers more upbeat July 31, 2019 Optimism among UK manufacturers has fallen rapidly but British consumers have become more positive, two surveys showed today, in the latest sign of a big divide in the economy. Read more: UK mortgage approvals rise but consumer lending slows Business optimism among small and medium-sized (SME) UK manufacturers fell at its fastest pace in three [...]
UK mortgage approvals rise but consumer lending slows July 29, 2019 Britain’s housing market received a modest lift in June as mortgage approvals increased by more than analysts had expected, Bank of England figures showed today. Read more: UK mortgage approvals hit two-year high following Brexit extension Annual lending growth to UK consumers slowed from 5.7 per cent in May to 5.5 per cent in June, [...]
From energy to insurance: How Open Banking could fix the loyalty penalty headache July 29, 2019 You don’t get to be Prime Minister without having a few political gifts. One of Theresa May’s was her ability to spot the issues that people cared about – even if she found it harder to come up with effective ways of improving them. That was why her maiden speech outside Downing Street was so [...]
Revenue rises at Rightmove as half-year results reveal 10 per cent increase July 26, 2019 Rightmove said its revenue has increased by almost 10 per cent during the first half of this year after issuing results to its investors this morning. The property portal reported strong results with revenue to the end of June up to £143.9m, from £131.1m last year. It claimed this was largely driven by continued growth [...]
UK mortgage approvals rise in June July 24, 2019 The number of mortgages approved in the UK reached one of it’s highest levels in the past two years in June. Last month the number of mortgages given the go-ahead for house purchases rose to 42,653 up from 42,407 in May and close to April’s two-year high of 42,792, according to data from UK Finance. [...]
Mortgages with terms over 40 years jump 20-fold July 22, 2019 The number of approved UK home mortgages with a term of more than 40 years rocketed in 2018, rising over 20-fold to 3,483 from just 162 the previous year, according to analysis by London estate agent Ludlow Thompson. Read more: Mortgage approvals dip in May but remain above average The figures are the latest sign [...]
Metro Bank in talks to sell £500m of loans back to US hedge fund July 21, 2019 Struggling lender Metro Bank is set to sell £500m of mortgages back to US hedge fund Cerberus in a bid to shore up its capital position, according to Sky News. Read more: Metro Bank shares fall further amid boardroom bust-up In February 2018 Metro Bank bought £523m of buy-to-let mortgages, mainly made up of London [...]