Brits forced to cut £14,000 off house prices to achieve sale, new data reveals February 28, 2023 Brits are being forced to accept an average cut of £14,000 on the price of their homes to achieve a sale, according to new Zoopla HPI figures.
Banks call for incentives to stabilise used electric vehicle market September 13, 2023 The expensive cost of buying an EV has been one the most significant barriers in holding back wider adoption, ahead of a looming 2030 ban on the sale of new petrol and diesel vehicles.
Santander becomes latest bank to cut mortgage rates amid falling inflation August 14, 2023 Santander has become the latest high street lender to reduce the rates of its mortgage deals, following a stream of other cuts by fellow banks last week, in a signal of hope for prospective buyers. On Monday, the bank cut its selected residential purchase and remortgage fixed rates by between 0.05 per cent and 0.29 [...]
Mortgage commitments plummet to pandemic levels as rate hike jitters spook housing market June 13, 2023 The number of new mortgage commitments has fallen to the lowest levels since the Covid pandemic as speculation the Bank of England’s will keep on hiking interest rates rattles the market. As the central bank raised interest rates for the 12th consecutive time during the quarter, in a bid to cool inflation, the number of [...]
Barratt Developments warns a ‘deterioration’ in demand for homes due to rate pain has hit hard July 13, 2023 Barratt Developments has warned a “deterioration” in demand for homes has hit housebuilding hard, as a tumultuous mortgage market continues to pile on misery, with the group’s share price down over four per cent when markers opened this morning. The residential building company said net private reservation rate – the number of people putting their [...]
How to sell a house in today’s tricky market August 25, 2023 Everybody knows that painting your front door can help to sell a house – but what other hacks can you take advantage of? Just like painting the door, adding a few attractive planters and pots instantly makes the entrance a feature and hints at a home that is looked after and makes a buyer want [...]
‘Deepening crisis: London house building craters as UK pipeline at lowest since records began June 11, 2024 England's house building pipeline is at the lowest level since records began 17 years ago, as fresh pressure is piled on government parties to mend a “deepening housing crisis”.
London rents: Why homeowners are £3,000 better off than tenants in the capital every year March 15, 2023 London homeowners are a hefty £3,000 better off than those who rent, however the price to secure a deposit in the capital has soared to new highs due to inflation and a limited pool of supply. According to data by Halifax, those lucky enough to have a place to call their own in the capital [...]
London rents will cool next year – but tenants won’t be out of the woods yet December 12, 2023 Rents will continue to rise in London next year but at a much slower pace than what has been seen over the past 12 months. London landlords are expected to raise their prices by two per cent in 2024, a substantial decrease when compared to the nine per cent hike which was recorded by property [...]
‘Political headache’: House prices soar to nearly nine times the average income July 28, 2022 Property prices have soared to nearly nine time the average household disposable income in Britain, according to official figures. Affordability ratios in England are at their worst since records began in 1999, the Office for National Statistics revealed today. In London, an average-priced home will cost prospective buyers from low-income households an eyewatering 40 years’ [...]