Category: Articles
3 reasons to be bullish on UK property in 2017? – Yahoo Finance UK
Since the Brexit vote, there has been a lot of confusion, and even doom and gloom surrounding the UK property market. However, the following article states the reasons why people should be bullish on UK property in 2017. These include the impressive performance, strong sales price growth, and high yield on offer. 3 reasons to […]
One in four UK families have less than £95 in savings, report finds – The Guardian
The gap between rich and poor is growing and this is highlighted by a new report showing that an incredible one in four UK families have less than £95 in savings. That figure jumps to £62,885 among high-income families. This shows the savings gap has jumped by over 25% between the richest and poorest in […]
How to save for a house deposit in 2017 – Raconteur
Saving up for a deposit is harder than ever these days, with house prices standing at six times the average salary. This article provides top tips for making saving up towards this as easy and painless as possible. Tips include scouring bank statements to find various ways of which monthly spending can be reduced, and […]
UK house price growth at slowest rate in four years – The Guardian
Asking prices in the UK housing market has grown for the slowest rate in four years. Annual price growth is down to 2.3%, down from 3.2% the year before. Buyers are increasingly wary of paying over the odds, and this is given as one reason for the slowdown. Other reasons could be uncertainty in the […]
David and Samantha Cameron took out new mortgage eight days before EU referendum – Telegraph.co.uk
Reports have emerged that David and Samantha Cameron took out a mortgage on their London home just eight days before the EU referendum. The couple signed a home loan arrangement with HSBC for their £3.5million Notting Hill townhouse on June 15. This calls into question whether the PM was planning his departure from Downing Street […]
Potential buyers and tenants in luxury London property market down since Brexit vote – Property Wire
Buyers of luxury properties in London are down since the Brexit vote, a study has found. Rentals of luxury properties in the capital are also down, but not by as much. The figures show the number of buyers looking to buy such a property is down 18%. Nationalities searching for luxury rental properties in London […]
The Co-op Bank puts itself up for sale – BBC News
The Co-Op bank has put itself up for sale and is inviting buyers to buy all of its shares. The bank almost collapsed in 2013 before being bailed out by a hedge fund. It has been able to strengthen its finances because of low interest rates. The bank has four million customers in the UK […]
Property news: House prices reach £300169 average high with LUTON on top – Express.co.uk
Average property prices in the UK has risen to over £300,000. The area with the biggest rise in property price is Luton. The east of England in general is the area that has seen the biggest rise in the UK. Prices are £10,000 higher than this time last year, when the average was £291,165. This […]
Home repossessions ‘lowest since 1982’ – BBC News
The Council of Mortgage Lenders (CML) repossessed fewer homes in 2016 than the previous year, with the decrease attributed to falling mortgage interest rates. With lower rates, fewer people failed to meet their mortgage payments. However, the CML warns that increased pressure on incomes and the risk of rising interest rates means consumers should be […]
Stamp duty weighs on home buyers in London – Telegraph.co.uk
Research has claimed that people in London are unfairly affected by stamp duty increases. While Londoners enjoy a higher average salary than the rest of the UK, buyers must pay a higher rate of stamp duty on property. House price rises have outpaced wage growth in the past, and have long been more expensive in […]