Breaking the Bank: What will rising UK interest rates mean for P2P lending? October 5, 2015 The Bank of England will soon need to rediscover the use of its trigger finger and fire the starting gun on interest rate rises. Still expected to be slow and steady, tightening policy after nearly seven years of ultra cheap money will nevertheless have a sizeable impact on everything and everyone, pushing up borrowing costs [...]
UK house prices: Home lending mortgage products reach post-crisis high September 30, 2015 The number of mortgage products on the market for homebuyers to choose from are at their highest level since 2008, as competition among lenders intensifies, new figures show. A total of 15,838 mortgage products were available in August, up 10 per cent on July when there were 14,395 products and the biggest monthly percentage rise [...]
Land Registry: UK house price growth in August at lowest level in two years September 28, 2015 House prices rose by 4.2 per cent year-on-year in August, according to the latest survey from Land Registry. This is the weakest annual pace since November 2013 and compares with an annual growth of 4.7 per cent in July. The average value of all properties across the UK – now £184,682 – was up 0.5 [...]
UK house prices: Growing gulf between supply and demand is heating up the property market September 10, 2015 House prices could rocket even faster than previously forecast, as research reveals that accelerating demand for homes is coming up against a brick wall of scant supply. Prices are set to climb six per cent this year, the Royal Institution of Chartered Surveyors (RICS) said today, doubling the estimate it made at the start [...]
China fears hit again to push FTSE back down – London Report August 27, 2015 DESPITE rallying from China-related fears on Tuesday, the UK’s top share index sank yesterday, ending up not far from its lowest closing levels since the end of 2012. Data showing an unexpected pick-up in UK retail sales and an increase in mortgage approvals offered encouraging signals on the domestic economy but failed to stem selling. [...]
UK gambling firms bet on strong results – London Report August 23, 2015 UK SALES data and GDP estimates are due out this week, while on the corporate calendar several bookmakers are set to issue results, with both 888 Holdings and its takeover target Bwin.party due to report on Friday. Tomorrow, the British Bankers’ Association will release its latest mortgage approvals data, while on Wednesday, Nationwide will publish [...]
UK house prices: Approvals of mortgages slip back in July as interest rate rise looms August 17, 2015 The number of mortgage approvals fell back in July against a backdrop of fears over a rise in the Bank of England’s interest rates, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor. There were 65,356 house purchase mortgage approvals in July, down 1.8 per cent from 66,582 in June and [...]
Bumper week of UK results as oil majors update the market – London Report July 26, 2015 THIS week sees dozens of companies reporting results, while data on manufacturing orders and mortgage approvals should reveal that both markets are on the up. The Confederation of British Industry (CBI) is expected to report a modest pick-up in manufacturing orders in July, in data out today. Data on GDP growth, out tomorrow, is expected [...]
Housing market starting to “hot up” as mortgage approvals soar to a 15-month high July 24, 2015 The housing market is beginning to heat up again as mortgage approvals rose for the sixth consecutive month in June, taking them to a 15-month high. Figures released today by the British Bankers Association showed the number of mortgage approvals rose to 44,488 last month, from 42,876 in May. Remortgaging rose 20 per cent in the [...]
David Cameron’s housing construction shake-up fails to build market confidence: Experts disagree residential planning overhaul is game changer July 12, 2015 Housing developers had a bit of a rollercoaster ride last week. First the Budget rocked shares, with changes to tax relief on buy-to-let mortgages – and then, on Friday, the government unexpectedly put house building at the centre of its plan to boost the UK’s productivity. With the cost of a home jumping by 45 [...]