Gold prices: The yellow has found a new pocket of opportunity April 18, 2017 “Don’t gain the world and lose your soul; wisdom is better than silver or gold.” You may have to read the quote more than once, but Bob Marley knew what he was talking about. At the moment, investors seemingly disagree a bit with him, and they have pushed spot gold up around 8 per cent [...]
Housing shortage hits first-time buyers despite government help March 26, 2015 The UK’s chronic housing shortage is forcing first-time buyers to accept lower quality properties. Natural light was cited as not being vital by 51 per cent of prospective buyers, survey figures released today by estate agents Your Move and Reeds Rains show. Additionally, 63 per cent would go without a bath while 11 per cent [...]
UK property transactions down by 45 per cent in April as stamp duty changes hit May 24, 2016 The number of property transactions in the UK fell by 45 per cent between March and April, according to new data from HM Revenue and Customs (HMRC). The figures from HMRC show 94,370 properties were sold in April compared to 164,400 in March as landlords scrambled to snap-up homes before stamp duty changes came into effect, putting a [...]
Former Labour leader Ed Miliband calls for rent-to-own industry to be better regulated July 4, 2016 Following an investigation, former Labour leader Ed Miliband has called on the rent-to-own industry to be better regulated. Having investigated some rent-to-own companies in his constituency of Doncaster, Miliband said "my constituents have told me they can end up paying three times as much, if they miss a payment or are late the costs spiral or worse, [...]
This tiny house in Chelsea has gone on sale at £600,000 February 16, 2017 If you're a fan of Miss Honey and her doll's house-style home in Roald Dahl's Matilda, this might resonate with you: a tiny house in Chelsea, dubbed one of London's smallest houses, has been put up for sale – with a price tag of £600,000. Described as a "proper Chelsea gem" by estate agent Douglas & [...]
Rents are up 2.6 per cent in the year to April – and the market could be heating up a lot more this summer May 27, 2016 Private rents in Great Britain were up 2.6 per cent in the year to April, according to data released today by the Office of National Statistics (ONS) – and the rental market could get a lot more heating over the summer months. Unsurprisingly, London was burdened with the largest rent inflation, with rents rising at a [...]
UK mortgage lending dropped to its lowest level since the height of the eurozone crisis in April June 1, 2016 Mortgage approvals have hit their lowest level since the height of the Eurozone crisis, according to the Bank of England. Mortgage loans totaled just £281m in April, their lowest level since August 2012, after the hike in stamp duty came into effect at the beginning of the month and buy to let landlords fled the [...]
Now generation rent faces financial “time bomb” after managing to jump on the property ladder April 29, 2016 Generation rent hasn't totally given up hope of ever owning their own home – yet, anyway. But as well as the average age of the first time buyer rising to 30.4 years old, there's a new burden for them to shoulder, as worry is shifting to how and when they will pay for it all as they get older. One in [...]
How to get your children on the property ladder: Five of the best options for the Bank of Mum and Dad July 14, 2016 Buying a first home used to signal the start of a new era of independence, a turning point into adulthood. But the astronomical rise in London prices has put paid to that. Home ownership is at its lowest level for 25 years. Not only are people buying their first home later – the average age has [...]
Property bubble shows no sign of popping yet as mortgage lending marches higher April 13, 2016 Mortgage lending grew by one-fifth over the last twelve months as the number of first time buyers, people moving homes, buy-to-let investors and remortgages all grew according to the Council of Mortgage Lenders (CML). In total, £8.7bn was taken out for new mortgages in February 2016, up 21 per cent on last year, while another [...]