Buyer demand jumped for a third successive month, while sales also rose A closely watched gauge of UK house prices has turned positive for the first time in almost two years amid hopes that the BoE will further cut borrowing ...
The call comes as finance minister Rachel Reeves prepares to present the Labour Party’s first budget on October 30 since it won power in a July election with promises to get Britain’s economy growing more quickly Major pension funds have ...
The lender’s second charge rates now start at 5.99%, with the adjustments applying to its Prime-Plus, Prime, and Near-Prime plans United Trust Bank (UTB) Mortgages has announced rate cuts of up to 164 bps across its second charge mortgage products. ...
According to the Hamptons Generational Affordability Index, Millennials have paid similar amounts in mortgage repayments to Baby Boomers and Generation X over the first half of their mortgage terms The latest report by Hamptons has found that Millennials, as they ...
In the more discretionary £10 million-plus market, there was a 22% drop in the number of deals done in the year to July, Knight Frank data shows The number of offers made in the three months to September by prime ...
HSBC has also introduced a high-value mortgage range with minimum loan sizes of £2 million with a £1,999 booking fee HSBC has reduced pricing by as much as 0.16% on two- and five-year fixes for residential homemovers and first-time buyers, ...
Specialist buy-to-let products, such as houses of multiple occupation (HMO) and holiday lets, have also seen cuts Several mortgage lenders have introduced rate cuts and new product offerings, aimed at providing more competitive options for both individual borrowers and property ...
Mortgage approvals rose despite the “effective” interest rate on newly drawn mortgages edging up to 4.84% in August, up from 4.81% in July UK lenders approved 64,900 mortgages in August, according to the Bank of England, marking the highest number ...
Small price drops in prime central London neighbourhoods reflect a prospective increased tax burden which ranked as the top buyer concern (73%), followed by general market uncertainty (36%) Prospective tax changes in next month’s Budget have caused buyers to become ...
Pepper Money’s changes are designed to support self-employed customers who retain profits within their business for tax purposes or future investment but still wish to use their full earnings for affordability and LTI assessments Pepper Money has updated its lending ...
The new products being introduced include a selection of fixed rate offerings, primarily for residential purchases Barclays is set to introduce a range of new mortgage products targeting FTBs and second movers, alongside reduced rates on several existing products. ...
Drax, which generates almost 6% of Britain’s electricity, said it is still committed to the UK but sees opportunities in the U.S. for its BECCS technology British power generator Drax could invest up to £9.32 billion ($12.5 billion) developing biomass ...