First-time buyers fuel rise in mortgage lending in September November 11, 2015 Mortgage lending rose year-on-year in September, new data shows, driven by a jump in first time buyers taking out new loans. The month saw 28,600 first-time buyers take out mortgages, according to the Council of Mortgage Lenders (CML), which was up four per cent on the previous month and by 8.7 per cent year-on-year. By value, [...]
James Brokenshire has no time to waste in fixing the capital’s housing crisis May 2, 2018 As James Brokenshire takes up his new role as housing secretary, his top priority must be to fix the capital’s broken housing market. It is no exaggeration to say that London is in the midst of a housing crisis. Demand far outstrips supply; while we have built 200,000 new homes over the last decade, London’s [...]
We talk to Tradeweb about how investing has evolved over the last 20 years June 12, 2018 It's a busy time for Tradeweb, the provider of electronic trading for fixed-income, derivatives, and exchange-traded funds, following a recent announcement that it would be adding an equity trading facility to its list of products. The company, which launched in 1998 as a marketplace for investors to buy and sell US Treasury bonds, will later [...]
UK house prices grew at their fastest pace for 12 months in February yet annual rate of growth fell March 13, 2017 House prices grew at their fastest pace for 12 months in February, with average prices increasing 0.6 per cent. The average UK house price hit £297,832 due to strong performance in the east of England, new peak prices in Merseyside and Birmingham, and a return of growth in high value London property, according to Your Moves’ latest [...]
Mortgage lenders have just had their best January since 2008 February 23, 2017 Mortgage lending hit £18.9bn in January, new figures have shown – two per cent up on the same month last year, and the best January since 2008. The Council of Mortgage Lenders (CML) said the figure was down six per cent on December's £20bn – but added that the number of first-time buyers had continued [...]
Focus On New Cross: With year-on-year house price growth at nearly 15 per cent, SE14 is a safe bet in Zone Two July 3, 2017 Like many areas tipped for great growth in years to come, New Cross is a place that’s sandwiched in between two much trendier neighbours. The meteoric rise of Peckham and Deptford has left poor SE14 trailing in its wake, but there’s no reason why it shouldn’t be just as popular in just a few years. [...]
Krafty move: Unilever shareholders condemn potential relocation from London as a protectionist defence February 25, 2018 Top shareholders in Marmite maker Unilever have hinted that they may object to a possible relocation of the company’s headquarters from London. Directors of the Anglo-Dutch group are expected to vote in the coming weeks on where Unilever should maintain its base, after the company promised last year to simplify its corporate structure in the [...]
There are now 11 house-hunters for every property on the market February 27, 2017 The UK's housing crisis is getting worse, new figures have suggested – with 11 house-hunters vying for every property on the market. Research by the National Association of Estate Agents (NAEA) suggested an average of 425 prospective buyers were registered to each estate agent branch in the UK in January, 10 per cent higher than [...]
London house prices: First-time buyers pay £91,000 deposit as fewer get on the property ladder in 2015, according to Halifax January 11, 2016 First-time home buyers needed an average deposit of £91,409 to buy a house in the capital last year, according to figures from a major British lender. The figures, published this morning by Halifax, showed London deposits were nearly three times the national average at £32,927. The deposits paid by first-time buyers nationally rose 13 per [...]
UK house prices: First-time buyer market cools in the run-up to Christmas November 27, 2015 Britain first-time buyer market has cooled over the last three months following this summer’s record number of sales, new research shows. New buyers completed 28,100 sales in October, which was down 8.5 per cent compared with July’s eight year high of 30,700, according to figures released today by estate agents Your Move & Reeds Rains. [...]