Writing in the Propert118, David Coughlin advises 'Cut your losses says landlord: Why this month’s mortgage rates are causing landlords to sell' The article can be seen here, and in summary says that recent news has presented mixed signals for landlords deliberating...
Under the bi-line 'Anticipating the threats and opportunities of a Labour government is key to making your money go further' the Telegraph has run a piece on ways they believe you could benefit from the new Government. It can be seen here (subscription may be...
Following Labour’s significant electoral win, housebuilder stocks experienced notable gains. Key players in the sector, such as Vistry, Persimmon, Taylor Wimpey, Barratt, and Crest Nicholson, saw their share prices rise. RBC Capital Markets Commentary: RBC Capital...
The Halifax House Price Index for June 2024 can be seen here, and the key statistics are: Average House Price: £288,455 (compared to £288,931 in May) Monthly Change: -0.2% Quarterly Change: -0.5% Annual Change: +1.6% Commentary from Amanda Bryden, Head of Mortgages,...
Following the General Election, Angela Rayner has been appointed Levelling Up Secretary with responsibility for housing - a role she has in addition to being Deputy Prime Minister. There is no news yet on who the housing minister will be - a key role for implementing...
The Bank of England’s monthly statistics for May provide detailed insights into the trends and developments in borrowing and deposits by households and businesses. These statistics are crucial for understanding the broader economic conditions in the UK. Key Highlights...
Charlie Nunn, the CEO of Lloyds Banking Group, has provided a cautionary outlook on interest rates, suggesting that rates between 3.5% and 4.5% will become the new normal. He emphasized that the era of mortgage rates in the range of 1.5% to 2.5% is unlikely to return....
The Nationwide House Price Index released this morning has revealed that house prices grew by 0.2% month on month in June. Overall Market Trends: Annual Growth: UK house prices increased by 1.5% compared to June 2023. Monthly Growth: Prices rose by 0.2% from May 2024....
HMRC has just released the property transactions for May. They can be seen here, and in summary: Residential Transactions: Seasonally Adjusted: May 2024 saw 91,290 transactions, a 17% increase from May 2023 and a 2% increase from April 2024, marking the fifth...
Nigel Farage's Reform UK party has made several bold pledges regarding housing and tax reforms in their "Contract With You," aiming to implement significant changes within the first 100 days if they gain political influence. Here's a breakdown of the key points: Key...
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The UK has become the fastest-growing economy in the G7 so far in 2024, with a 0.6% expansion in the second quarter,...
Rachel Reeves, the new Chancellor, has indicated that tax increases are still likely in her October 30 Budget, despite...
Housing market activity was relatively subdued during the first half of the year, reflecting persistent affordability...