Tax Spotlight: How the jump in national insurance will affect you and your household April 6, 2022 As Brits try to juggle surging living costs on a shrunken wage packet, experts have warned the pain of the rise in national insurance will be felt by people on their next payday, Here is a look at why the increase is happening and why “awful April” is seen as just the start of a [...]
Record revenue for Belvoir with 25 years of profit growth April 4, 2022 Estate agency Belvoir has posted record revenue, hitting 25 years of unbroken profit growth. The firm revealed a 39 per cent increase in profit before tax to £9.3m, sending shares up five per cent on Monday afternoon. Group revenue hit £29.6m, up 37 per cent, versus £21.7m in 2020. Last year was the “busiest year [...]
Cost of living squeeze deals financial crisis level blow to Brits’ optimism April 4, 2022 Brits’ optimism is eroding at the fastest pace since the financial crisis amid the tightest cost of living squeeze in a generation, reveals a closely watched survey released today. A combination of inflation scaling to its highest rate in three decades, tax hikes, swelling energy bills and weak wage growth have bound together to deal [...]
Home buyer demand bouncing back across UK with Blackpool, Swindon and Newcastle leading the pack April 2, 2022 Zoopla this morning said the supply of homes being put up for sale generally is building momentum, although the overall choice of properties remains constrained. Blackpool and Swindon are among the urban areas seeing a bounceback in home buyer activity, according to the property website. The stock of homes available to buy is still 42 [...]
House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]
Average mortgage hits £235k as cost of living crunch threatens home ownership plans for many March 29, 2022 The total value of mortgages lent rocketed last month as buyers face more affordability roadblocks to home ownership. Some 70,933 mortgages were given the green light in February, compared to 73,841 in January, according to the Bank of England’s monthly money and credit figures. However, the total value lent rose (from £16.6bn to £16.7bn), meaning [...]
UK house prices surge above £350,000 as demand outstrips supply March 21, 2022 The average house price in Britain has surged above £350,000 for the first time ever as buyer demand outstrips the amount of homes on sale.
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 [...]
Home transactions settle back to pre-Covid levels with ‘best sellers’ market in decades’ February 22, 2022 More than 85,000 homes changed hands in January, with property transactions up on pre-Covid averages, HMRC data has revealed. Official figures show that the provisional non-seasonally adjusted estimate of UK residential transactions for January 2022 was 85,520. This was 22.2 per cent lower than December 2021. There were seven per cent more transactions than the [...]
Atom Bank mulls going public after £75m funding round February 16, 2022 Digital bank Atom Bank has closed a £75m funding round which values the firm at £435m as it gears up for a potential flotation on the stock exchange.