Positive thinking on negative equity: What to do if your home is worth less than your mortgage July 4, 2018 Less than a year ago, it was all talk of bubbles in the UK housing market. But we all know that what goes up must come down, and the first signs that the market was losing steam came at the start of this year. The market continues to look skittish, with the most recent figures [...]
Paragon buys Titlestone developer and loan book in £274m deal with Oaktree Capital Management July 3, 2018 Challenger bank Paragon today announced the purchase of £48m residential developer Titlestone and a £226m loan book from Oaktree Capital Management. Paragon, which offers mortgage and business lending, said the moves are part of a strategy to diversify into specialist lending markets. Titlestone advanced £274m in loans to small and medium-sized developers during the year [...]
Paragon buys Titlestone developer and loan book in £274m deal with Oaktree Capital Management July 3, 2018 Challenger bank Paragon today announced the purchase of £48m residential developer Titlestone and a £226m loan book from Oaktree Capital Management. Paragon, which offers mortgage and business lending, said the moves are part of a strategy to diversify into specialist lending markets. Titlestone advanced £274m in loans to small and medium-sized developers during the year [...]
A third of London investors think property is no longer a good investment July 3, 2018 More than a third of London investors now believe property is no longer a good investment, according to new research. In the latest indication of a slump in London’s property market, the figures also showed that only 17 per cent of high net worth investors who own buy-to-let properties planned to increase their portfolio in [...]
Revealed: June’s top and bottom performing funds July 2, 2018 June was dominated by trade war fears as Donald Trump said he would add further tariffs on Chinese and European goods should there be any retaliation to his initial tranche of measures. The prospect of mercantilist trade policies unnerved investors concerned about future growth. There are few, if any, real winners in a full-blown trade [...]
Chinese stocks down 2.5 per cent today as tariff deadline looms July 2, 2018 Chinese stocks took another battering today as new tariffs from both Washington and Beijing will take effect this week. China’s benchmark Shanghai Composite Index closed down over 2.5 per cent – the worst start to the second half of a year since 2015. And losses rippled across Asia with Japanese and South Korean markets both [...]
Sluggish house price growth in London while Manchester and Edinburgh soar June 29, 2018 London house price growth has fallen to a nine-year low, according to new figures out today. Growth in the capital’s flagging property market fell to a year-on-year low of 0.4 per cent in May, while Edinburgh and Manchester house prices soared to 7.1 per cent and 7.0 per cent respectively. The latest data from property [...]
UK house price growth slips to five-year low of two per cent with London the weakest performing region June 27, 2018 Annual house price growth slowed to a five-year low in June, a closely-watched index revealed this morning. The Nationwide house price index reported that UK annual house price growth had softened to two per cent, compared to the 2.4 per cent posted in May, with prices edging up 0.5 per cent during June after taking [...]
UK house price growth slips to five-year low of two per cent with London the weakest performing region June 27, 2018 Annual house price growth slowed to a five-year low in June, a closely-watched index revealed this morning. The Nationwide house price index reported that UK annual house price growth had softened to two per cent, compared to the 2.4 per cent posted in May, with prices edging up 0.5 per cent during June after taking [...]
Rental costs in London soar as young adults opt to live with their parents June 25, 2018 Over one million young adults are living at home with parents amid rising rental costs, according to a new housing report out today. Just under half of all men aged 22-26 now at their parents’ home, as renters in London are on average spending 40 per cent of their income on rent, having risen from [...]