Housebuilder stocks soar as property prices climb another £3,000 to new record high June 7, 2021 House prices in the UK rose again last month by around £3,000, bringing the average property price up to a record high of £261,743. May’s 1.3 per cent price increase means the average home in the UK has increased by more than £22,000 – or 9.5 per cent – in the last 12 months, according [...]
Former Barclays boss in line for £200m windfall as Blackrock takes 10x stake June 5, 2021 Former Barclays boss Antony Jenkins is said to be on the brink of a deal that will see his personal wealth surge by £200m as Blackrock funds close in on his new fintech venture. Jenkins, who was ousted as chief executive of Barclays in 2015, is close to selling a stake in 10x Future Technologies [...]
Brits borrowed billions in April as housing market boomed June 2, 2021 Mortgage borrowing hit £3.3bn in April as house prices rose at their fastest rate in five years, a trend driven largely by the extension of the stamp duty holiday. April’s mortgage borrowing was significantly lower than March’s £11.5bn figure, however, according to the latest figures from the Bank of England, despite mortgage approvals hitting 86,900, [...]
0.99 per cent mortgages hit the market as battle for home buyers heats up June 1, 2021 Competition in the mortgage market is heating up with the launch of new 0.99 per cent rate deals. Nationwide Building Society will launch a 0.99 per cent mortgage on Wednesday for home owners looking to remortgage. The two-year fixed-rate deal will be available for borrowers with a hefty 40 per cent deposit and also has [...]
Pound retreats after hitting three-year high amid variant concerns June 1, 2021 The pound retreated this morning after reaching a fresh three-year high versus the dollar amid economic recovery hopes. Well into the London session after the bank holiday weekend, sterling reversed its course to fall 0.2 per cent to $1.4183. The pound edged lower as concerns over a new coronavirus strain outweighed increasing investor optimism on [...]
Value of UK house sales to jump 46 per cent this year but London lags behind May 26, 2021 The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data. Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years. The forecast comes after data last week [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
Big boost for central London property as buyers consider office return May 20, 2021 Demand for city centre apartments is returning fast in Britain after buyers opted to work in rural locations during the pandemic, according to a new survey. Rightmove said flats are now the most in-demand property type for the first time in ten years, with buyer interest up 39 per cent since January. The rise is [...]
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years May 19, 2021 London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
Boris bad credit score: PM rejects court ruling over £535 in unpaid debt May 12, 2021 Prime Minister Boris Johnson has rejected a court ruling that found he has an unpaid debt of £535. The court records listed Johnson at his official address, 10 Downing Street, according to Reuters today. Johnson’s office have said they will ask for the ruling to be removed from his record as it was “totally without merit”. [...]