Barratt Developments share price in focus following Bank of England rate rise July 10, 2023 The market will turn its focus to Barratt Developments’ trading update next Thursday to see how soaring mortgage rates and a tumultuous period for the property sector is impacting UK house building companies. The housebuilder’s shares have fallen by around a tenth over the past 12 months and more than half from their pre-pandemic levels, [...]
Virgin Money has customer boom as higher interest rates benefit Branson’s bank February 1, 2023 Virgin Money’s customer base continued to grow in the first quarter of its financial year as the challenger bank said it expects to benefit from higher interest rates for the remainder of the year. There were around 27,000 new personal current accounts opened in the period, 44 per cent more than last year. This, the [...]
Moneysupermarket sales lifted as Brits go deal hunting to protect finances April 18, 2023 A boom in consumers shopping around for better savings accounts has boosted sales for comparison site Moneysupermarket. The platform profited from people hunting down better deals throughout last year and saw revenues across its money division, which compares current and savings accounts, credit cards, and loans, jump by 37 per cent. The company said this was [...]
UK mortgage approvals hit 13-year high in August as post-lockdown surge continues September 29, 2020 UK mortgage approvals hit a 13-year high in August as pent-up demand post-lockdown continued to boost the housing market, but consumers became more cautious about day-to-day borrowing. Mortgage approvals for the month were 84,700, according to new data from the Bank of England — the highest rate of approvals since October 2007, just before the [...]
Springfield: London-listed affordable homes builder inks new £6.3m contract May 30, 2024 One of Scotland's biggest house builders, Springfield Properties, has won a £6.3m contract to construct more affordable housing in the country.
Mark Kleinman on banks, Ocado and London’s IPO market June 29, 2023 Mark Kleinman is City editor at Sky News Politics could push ministers to punish banks This is a cost of living crisis, not a banking crisis: if I had a fiver for every time a senior bank executive had said that to me over the last 18 months, I’d never need another mortgage of my [...]
Pensions better than property? And, how a nudge might make you wealthier in later life February 24, 2023 The property boom of the last few decades has given rise to the idea of a home not just as a castle, but as bonafide crock of gold which can be used as an alternative to a pension. Pension provider Standard Life has carried out research that shows how different generations are answering the age-old [...]
PMQs sketch: A trip down memory lane July 12, 2023 If you’re ever in need of a history lesson, there are worse places to head than the storied and ancient House of Commons for a PMQs. But when it comes to political debate, we tend to hope our leaders will have their fingers on the pulse of the nation. Not so during this week’s Prime [...]
UK housebuilding could fall to half of target without intervention new report warns May 7, 2024 Uncertainty and inflation are hitting builders' output, threating government housebuilding targets.
LGIM boss calls for fewer ‘unscrupulous’ buy-to-let landlords in Britain May 6, 2024 An LGIM boss has lambasted what he describes as "unscrupulous" buy-to-let landlords, accusing many of providing poor housing for tenants.