Most home purchases made by first-time buyers in 2018, research shows February 23, 2019 The majority of home purchases were made by first-time buyers last year for the first time in 23 years, according to new research. The number of first-time buyers reached 372,000 in 2018, the latest Halifax First-Time Buyer review shows, and now account for more than 50 per cent of all house purchases with a mortgage. [...]
UK house prices get unexpected December boost but market remains subdued January 8, 2019 UK house prices rose 1.3 per cent in the three months to December compared to the same period last year, according to new figures from Halifax. The annual growth rate was up from the 0.3 per cent recorded in November, but house prices were 0.4 per cent lower than in the preceding three months. Read [...]
We have paved the way for the next financial crisis December 6, 2018 Optimists believe that the last decade of roiling financial crisis and austerity is behind us, and that current fears of trade war, Brexit, populism, and market crashes are overblown. They hope for a global economy poised for many years of growth, increasing personal wealth and prosperity, and political stability. Sadly, hope is never a strategy. Realists, [...]
Opinion: Would a People’s Vote inspire investors to take a punt on London or would it just cause more uncertainty? October 19, 2018 This weekend sees the People’s March come to London, with thousands of people set to take to the streets to demand a People’s Vote on the final Brexit deal. As a buying, I’m often asked about the impact of Brexit what the prospect of a People’s Vote could have on the prime London property market [...]
Mortgage approvals hit seven-month high but caution lingers as year-on-year growth dips October 1, 2018 The number of mortgages being approved hit a seven-month high in August, suggesting a modest pick-up in buyers after the traditional summer slowdown. According to the latest Bank of England (BoE) statistics out today, mortgage approvals climbed to 66,440 last month, marking the highest level since January 2018. However, housing experts remained cautious on the [...]
UK mortgage approvals for new house purchases tumble despite growth in remortgaging September 26, 2018 The number of mortgages approved for house purchases was almost five per cent lower in August compared with the same time last year, providing fresh evidence of flat activity in London’s property market. Despite the fall in new mortgage approvals, remortgaging soared 9.2 per cent during the month, as a rising number of homeowners [...]
DEBATE: Is there a silver lining for consumers to the increased inflationary pressures? September 20, 2018 Is there a silver lining for consumers to the increased inflationary pressures? Emma-Lou Montgomery, associate director for personal investing at Fidelity International, says YES. A little inflation can be a good thing. It’s a sign of an improving economy, and it means that your debts – providing that your income rises in line with or [...]
DEBATE: Is there a silver lining for consumers to the increased inflationary pressures? September 20, 2018 Is there a silver lining for consumers to the increased inflationary pressures? Emma-Lou Montgomery, associate director for personal investing at Fidelity International, says YES. A little inflation can be a good thing. It’s a sign of an improving economy, and it means that your debts – providing that your income rises in line with or [...]
In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]
In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]