Warnings housing market may ‘enter bubble territory’ if lending checks eased December 6, 2021 The Bank of England is readying itself to relax mortgage lending rules despite fears it will trigger a housing bubble, it has been reported. The Telegraph reported that policymakers are looking at relaxing affordability checks for borrowers. The rule changes are being mulled amid a review of market restrictions this will finish shortly. Officials are [...]
UK house prices: Growth down while rents soar by their highest in seven years March 22, 2023 Private rent paid by tenants in the UK rose 4.7 per cent in the 12 months to February 2023, up from 4.4 per cent in the 12 months to January 2023, according to the Office for National Statistics which also reported that house prices increased 6.3 per cent in the same period. Annual private rent [...]
UK economy stalls in February but is just about on track to dodge recession in early 2023 April 13, 2023 Britain is just about on track to dodge a recession in the first half of this year, defying gloomy predictions from experts heading into 2023 that the economy would suffer the largest slump in recent memory, figures out today show. Gross domestic product (GDP) – which measures the value of all goods and services produced [...]
Young Londoners want to stay in the city, but most are being priced out of properties October 4, 2021 Most younger Londoners do not want to move out of the capital to afford a home, but current property prices remain the biggest obstacle to being a homeowner for more than half of them, according to new research. The research, from affordable housing developer Pocket Living, also found that just two in ten of London’s [...]
Johnson unveils series of housing reforms to increase home ownership June 9, 2022 Boris Johnson has launched a “mortgage review”, which will look at ways at extending low deposit home loans, as a part of a series of newly unveiled housing reforms. Number 10 said the review would “look at what other countries are doing and see if we can further extend opportunities in the mortgage market” and [...]
Brace yourselves, the era of the ‘alternative budget’ has arrived November 20, 2023 It started when Liz Truss’s faction of 60 or so MPs, who go under the banner Conservative Growth Coalition, pre-announced – to drum up anticipation – and then two months later published their Budget for Growth.
The Notebook: Victoria Scholar on stocks, China and Spiderman June 6, 2023 The notebook is a place where interesting people say interesting things. Today, it’s Victoria Scholar, head of investment at Interactive Investor The market mood is picking up with the S&P 500 enjoying its best week since March. The Dow surged over 2% on Friday, its biggest one-day gain since January and the Nasdaq Composite completed [...]
Why you should never, ever bet against UK house prices May 9, 2023 Remember the start of the year? “UK house prices have gone into sharp reverse over recent months. And we expect that elevated mortgage rates will result in at least a 12 per cent price correction,” so said Capital Economics at the time. This is from building society Nationwide last week: “While annual house price growth [...]
Property guru: Truss’s energy package has helped housing market from cliff edge September 17, 2022 The Government’s action to limit the impact of energy price rises has helped pull the housing market back from the cliff-edge, a leading property association told City A.M. this morning. But the National Association of Property Buyers’ (NAPB) does stress further steps are urgently needed to ensure we don’t see a serious downturn in house [...]
Spoilt for choice: Mortgage deals below 1 per cent skyrocket 400 per cent in just three months September 29, 2021 Mortgage deals with rates below 1 per cent have skyrocketed by more than 400 per in the last three months, according to new research. In June, just 10 deals with rates below 1 per cent were available, MoneySuperMarket found. But by September, there were 50 mortgage products on the market with rates below 1 per [...]