UK house prices: Rental growth is now outpacing house price increases April 16, 2015 The price of renting a home in the UK has risen 10 per cent in the last 12 months – faster than the rate of growth for buyers. New data from HomeLet shows that the average rental cost rose in the 12 months to March in 11 of the 12 UK regions, with only Wales [...]
Londoners can now rent out their spare rooms using AirBnB, thanks to a change in rules May 26, 2015 It is now completely legal for Londoners to let out spare rooms using sites such as AirBnB, thanks to a change in rules. Until now, you could be slapped with a £20,000 fine for renting part of your home out for fewer than 90 nights without getting planning permission first, but everyone is now [...]
Mortgage approvals soar to a six-month high in February March 30, 2015 Mortgage approvals soared to a six-month high in February, data released by the Bank of England today shows. Threadneedle Street said mortgage approvals rose to 61,760 in February, which was up from 60,707 in January.This marks the third consecutive month of growth since approvals hit a 17-month low of 58,944 in November. Despite the gains mortgage [...]
Dell Park in Englefield Green is a polo fanatic’s dream on part of the Candy brothers’ former estate in Surrey June 25, 2015 The British polo season has got off to a galloping start, but for some fans of the equestrian sport, viewing it from the sidelines just isn’t good enough. That was certainly the case for the private European owner of Dell Park in Englefield Green, Surrey, who set out 10 years ago to build a contemporary [...]
July Budget 2015 at a glance: From a new tax-free dividend allowance to the raid on buy-to-let landlords and new inheritance tax rules July 8, 2015 The chancellor outlined £12bn of welfare cuts, introduced new inheritance tax rules & vowed to crack down on tax avoidance. UK ECONOMIC OUTLOOK ● The UK is expected to be the fastest-growing advanced economy again this year. The Office for Budget Responsibility (OBR) expects the economy to grow by 2.4 per cent in [...]
Ukip leader Nigel Farage gets tough on Brexit: “David Cameron’s attempts at renegotiation are embarrassing” July 3, 2015 “By all accounts, Cameron got to say something at the renegotiation summit when the coffee was served. And as soon as he started to speak, Hollande went out for a pee, which shows you how seriously it was taken,” scoffs Ukip leader Nigel Farage. The renegotiation summit to which Farage refers took place last week [...]
Short supply of homes fuels rocketing UK rents and house prices March 19, 2015 A short supply of housing and a recovery in economic fortunes is pushing up rents and house prices. Average monthly rates stood at £766 in February, up 3.1 per cent on last year, according to figures released today by estate agents Your Move and Reeds Rains. London saw the second greatest annual rise in the [...]
Fintech Lookahead 2016: The disruptors you should be looking out for November 19, 2015 What can we expect to see from the fintech industry over the coming year? And what kinds of companies are leading the charge? In its 2015 Global Banking Annual Review, McKinsey said that “banks are under attack from new technology companies and others seeking to poach their customers. To date, banks’ losses to attackers have [...]
The City has no room for complacency about its global competitiveness June 4, 2015 Nearly 30 years of working in the City has taught me that successful times are the most dangerous times. Warren Buffett, in one of his recent newsletters, described the warning signs that see good times turn to bad as the ABC of business: arrogance, bureaucracy and complacency. Today, there is no room for complacency. The [...]
British consumers are upbeat after General Election outcome May 28, 2015 UK shoppers were slightly less confident this month, but confidence levels remain relatively high, according to survey figures published today. The consumer confidence index put together by market researchers GFK edged down to a score of one for May, from April’s four. However, it is up on the same month last year when it scored [...]