House prices continue to fall as buy-to-let landlords sell up May 30, 2023 House prices are continuing to fall, according to a closely watched index, but transactions are ahead of the long-term average due to landlords selling up. According to estate agent Zoopla, landlord properties accounted for 11 per cent of sales in the last month, as high mortgage rates and energy bills forced many property owners to [...]
Not ‘much to be optimistic about’ in London rental market October 3, 2024 Pressure on the rental market continues to build this autumn despite a cooling market earlier in spring, with more landlords selling up and more tenants looking for short-term homes, according to fresh data. More than three-quarters of agents have seen an increase in the number of tenants searching for properties, while more than half of [...]
Virgin Money lending dips in run-up to Nationwide takeover August 2, 2024 Virgin Money's lending to customers dropped by one per cent last quarter as the group prepares to be taken over by Nationwide imminently.
‘Steady picture’: UK house prices increase at fastest rate since July 2022, as London rose slowest July 17, 2024 Expectations of a cut to interest rates and continued tight supply helped house prices to rise for the third successive month in May, the Office for National Statistics has said.
London rent crisis spirals as almost half of UK landlords tried to sell up in last year September 12, 2023 Almost half of UK landlords have tried to sell their property in the last 12 months, as owners look to rid themselves of mortgage pressures in a worrying blow for renters. In a survey which quizzed both landlords and estate agents – conducted by lettings platform Goodlord – some 77.5 per cent of respondents in [...]
Property: Has spring sprung? Mini budget ripple blamed for keeping a lid on monthly sales April 28, 2023 UK residential transactions in March 2023 totalled 89,560 which was 19 per cent lower than the same month a year ago but 1 per cent higher than February 2023, according to HMRC. The seasonally adjusted figures also show the total of non-residential property purchases, including commercial and factory property was 10,640, three per cent higher than [...]
A new Newlon resident tells us how becoming a Shared Owner has given her a sense of pride and achievement. September 4, 2024 One of Newlon’s newest developments is Millstream Tower. Built in conjunction with Kier and offering 117 apartments for Shared Ownership, one of its residents shares her journey to becoming a first time homeowner. 34 year old Kay, who works in corporate administration for an NHS trust, has lived in North London all her life. “I [...]
Metro Bank share price falls after plans to reduce capital charge rebuffed by watchdog September 12, 2023 Metro Bank shares plummeted after the lender announced that plans to reform its calculation of capital requirements have been rebuffed by the banking watchdog.
Co-op Bank has 10th straight quarter of profitability as net interest income rises July 28, 2023 Rising rates helped the Co-operative Bank record a tenth consecutive quarter of profitability, as the lender considers its options regarding a potential sale. Although it recorded a significant increase in net interest income, which rose to £245.1m from £108.2m last year, the Co-op bank profit remained roughly flat at £61.8m due to increased expenditure. Operating [...]
Interest rate hikes triggers house price fall and analysts think there’s further to go June 1, 2023 House prices remain below their August peak as demand softens following a spike in interest in early spring. The annual rate of house price growth slipped back to -3.4 per cent from -2.7 per cent in April, figures from Nationwide show, as the Bank of England’s decision to hike interest rates rattled buyers confidence. In [...]