House prices to cool off after mortgage dip October 7, 2014 MORTGAGE lending fell significantly over the past three months, according to the Bank of England, suggesting the housing market will cool further. This is the first negative figure since the final three months of 2011 and marks a significant reversal in housing trends. House prices boomed over summer and are expected to grow 17 per [...]
Property in London: Is it a safe asset? October 7, 2014 Base rate hikes and a strong pound will dent prices, says Yogi Dewan THE EASY money in property markets was made a long time ago. That said, real estate remains the ultimate safe haven for many investors, as they consider it to be a better alternative to investing in global equities, government bonds or other [...]
UK house prices could fall due to stricter mortgage lending rules October 5, 2014 House prices could fall next year due to stricter rules on mortgage approvals and potential buyers being put off by rate hikes, according to the Centre for Economics and Business Research (CEBR). A combination of rising interest rates and tougher mortgage eligibility could depress demand significantly – enough to cause house price growth to hit [...]
MPC to publish rate verdict but no change seen – London Report October 5, 2014 THE MONETARY Policy Committee (MPC) will announce its latest interest rate decision on Thursday, but Investec does not expect any change from the current 0.5 per cent and quantitative easing target at £375bn. September’s Royal Institute of Chartered Surveyors (RICS) monthly housing data will also be updated on Thursday, after house prices grew at their [...]
Save money on your international transfers October 1, 2014 Moving money abroad in a digital world should be one of the easiest things you can do, especially with the cost savings you would expect a global marketplace to offer, yet choosing the wrong service to send your funds overseas, can leave you paying more than you’d expect. Most people head straight to their bank [...]
London house price growth slows: How do the other regions compare? September 30, 2014 UK house price growth slowed to 9.4 per cent in the year to September, figures published Tuesday showed, down 11 per cent from last month. Between August and September, monthly growth fell 0.2 per cent – the first drop in 17 months, the figures from Nationwide showed. As the building society's chief economist, Robert Gardner, [...]
Mortgages cool fears of bubbles and surprise hike September 29, 2014 LENDING in the UK economy contracted slightly in August as the number of mortgage approvals declined. It signals that the housing market may continue to cool off from its summer highs, which would be consistent with surveys published earlier in the month such as the Halifax house price index. The data released by the Bank of [...]
Mortgage lending falls in August for the third month in a row September 29, 2014 The number of mortgages approved fell to 64,212 in August, down from 66,100 in July, data published by the Bank of England this morning showed. The figure fell below analysts' expectations of 65,000, suggesting the housing market is cooling faster than thought. Does this mean Bank of England governor Mark Carney's Mortgage Market Review is [...]
London Report: Housing market stalls and GDP is re-evaluated September 28, 2014 HOUSING data showing fewer mortgage approvals and only modest price increases looks set to show that the UK’s booming property market is finally slowing. Bank of England figures out today are forecast to show that mortgage approvals fell to 66,000 in August from 66,569 in July and 67,085 in June. The numbers are well below [...]
Struggling to get a mortgage? Try to nab a new job at KPMG September 24, 2014 In the week that we found out (or merely had it confirmed) that London is the most expensive city to relocate staff to, KPMG has stepped in to save the day – for its employees in any case. The City firm announced yesterday it would be helping its staff on to the property ladder with [...]