House prices drop for first time this year as Bank of England interest rate hikes take hold June 19, 2023 House prices have dropped for the first time this year, sparked by the property market being whacked by the Bank of England’s 12 successive interest rate hikes to quash inflation, new figures out today show. The average price of a home coming to market fell £82 over the last month to £372,812, the first drop [...]
Almost two in three adults fear mortgage holiday will hit credit score as deadline nears March 23, 2021 Nearly two in three adults fear a mortgage holiday could impact their credit score, according to the latest research published as the deadline for a payment break approaches. A survey of UK homeowners found that 73 per cent are worried that a mortgage holiday will impact their credit rating, with 10 per cent believing it [...]
London house prices fell by 1.4 per cent in August October 18, 2023 House prices in the capital fell further in August, according to the government’s latest house price index, as higher interest rates continued to weigh on the market. Data released by the Office for National Statistics on Wednesday showed the region’s house prices fell by 1.4 per cent in August year-on-year. London’s average house prices remained [...]
Why 2023 might mark the end of the ‘London exodus’ as house prices stabilise December 26, 2023 Fewer Londoners ventured outside the M25 in 2023 to buy a home elsewhere, according to an index. Londoners collectively spent an estimated £28.7 billion on homes outside the capital this year, which was £11.7 billion less than in 2022, estate agent Hamptons found. It highlighted two factors at play in the market – the first [...]
Shawbrook delivers jump in profit on higher interest rates and lending growth March 28, 2024 Challenger bank Shawbrook has posted a jump in annual profit on the back of interest rate hikes and higher lending.
London house prices: Desperate sellers knock £20k off asking prices March 28, 2024 London home sellers are shaving £19,500 pounds off the asking price to achieve a sale, according to the latest report from Zoopla.
House prices rise again – but London properties still down on last year December 7, 2023 House prices rose by 0.5 per cent in November, following a rise of 1.2 per cent the prior month, according to Halifax.
Vistry and Crest shares rise as investors pin hopes on cooling rates and housing recovery January 8, 2024 Experts at the high street bank Barclays were reviewing price targets and ratings for a number of property groups.
Starling Bank posts third annual profit ahead of expected London listing June 12, 2024 Starling Bank has posted its third full year of profitability as the digital-only lender grew its customer base and reaped the benefits of higher interest rates ahead of a planned IPO.
Spring Budget 2024: Renters worry as Hunt coaxes landlords to sell with capital gains tax cut March 6, 2024 Today's Spring Budget saw landlords receive a surprise handout from Chancellor Jeremy Hunt after he cut the rate of capital gains tax applying to residential property by four per cent.