Profit falls at Yorkshire Building Society but lender has record demand for savings products February 29, 2024 A number of lenders have been the beneficiaries of poor savings rates on offer at the high street banks and Yorkshire Building Society reported that a record 693,000 savings accounts were opened last year, up from 537,000 in 2022.
Housing market to improve over next two years as borrowing costs stabilise say surveyors December 14, 2023 As stability returned to the mortgage market over the past few weeks, the housing market has started to show signs of improvement, a new survey conducted by the Royal Institution of Chartered Surveyors (RICS) has said. A net balance of 11 per cent of property professionals reported sales falling rather than rising, narrowing from a [...]
Interactive: Here’s how much rents have gone up where you live as London prices spiral December 1, 2023 Rents have gone up over the past year but more in some areas than most - with London hit particularly hard by increases
Household borrowing dips as higher rates ‘percolate’ through UK economy November 29, 2023 Consumer borrowing fell in October in the latest indication that higher interest rates are weighing down on demand in the economy.
UK borrowers impacted by pandemic face rising mortgage payments, L&G warns March 17, 2021 UK borrowers who have suffered a drop in income during the pandemic could soon be paying thousands of pounds more in monthly mortgage repayments, according to the latest research. The survey by Legal & General Mortgage Club found that one in three borrowers are considering staying on their current lender’s Standard Variable Rate (SVR) once [...]
House prices to face pressure well into 2024 despite positive updates November 14, 2023 Recent data on the UK's housing market has pointed in contradictory directions, but analysts remain confident that house prices will remain subdued well into 2024.
The hidden infrastructure holding back the housing market March 4, 2024 Politicians of all stripes are promising to help more people onto the housing ladder, but behind the headline-grabbing policies, the elephant in the room is whether the mortgage and conveyancing market can cope with a spike in transactions, says Joe Pepper The housing market will be a key battleground in the forthcoming election, and we [...]
Crash? What crash? House prices finally sneak into positive annual growth territory March 1, 2024 UK house prices grew for year-on-year for he first time since last January, according to Nationwide’s latest report.
Perenna raises £42.7m in latest funding round September 28, 2023 Another $52m (£42.7m) in funding has been raised for new British lender Perenna. The latest funding was led by Perenna’s strategic investor, Silverstripe Investment Management, among others, and is only part of its $90m grand funding total since 2020. The bank is one of a kind to the UK market given that it does not [...]
Will the tail-end of summer mean more pain for the UK housing market? August 26, 2023 August, like much of the summer, has already proved a tricky month for the housing sector. Despite all major central banks slashing their rates in the wake of cooling inflation, buyer confidence still appears to be low. Last week’s Rightmove figures showed that the average price of a home fell by 1.9 per cent in [...]