Search Results for: Mortgages
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Housing Market
REACTION: House prices fall for first time in six months
The average house price fell by £2,900 to £288,430 but despite the downturn prices remained higher compared to the previous year, showing a 0.3% increase in March.
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Rental market
18% jump in rents since Covid, and ‘more to come’ says think-tank
The cost of new tenancies has grown by 18% since January 2022 with the proportion of poorer families renting almost tripling from just 11% in the mid-1990s to nearly 30% in 2021-22.
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Rental market
Research reveals 20% of tenants battling ‘bidding wars’ for homes
Figures from Cornerstone Tax reveal that on a national level an average of 17% of renters are having to endure other competitive tenants moving against them.
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Kate Faulkner
House prices analysis – the national picture
The latest property prices indices summarised and put into historical context, by the UK's leading house market analyst, Kate Faulkner.
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Regulation & Law
Mortgage adviser duo sentenced over £3m fraud
Larry Barreto and Tassib Hussain have been given suspended prison sentences after they worked together to falsify evidence for mortgage applications.
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Proptech
Rightmove and three big banks reveal £10m backing for Coadjute
Blockchain firm boss says latest funding round will be used to explore a national roll-out and expand the network to include mortgage brokers and lenders.
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Housing Market
BLOG: Home owners’ rising mortgage pain won’t hit market
Knight Frank’s Tom Bill says pain should be short lived for borrowers currently rolling off favourable 2-year fixed deals as mortgage rates come down.
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Latest property news
Renting now cheaper than owning first home in nearly all regions
The South West, London and Scotland are now the only regions where owning a first home is cheaper than renting.
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Latest property news
REACTION: What does interest rate ‘hold’ mean for market?
On a backdrop of an unexpectedly sharp fall in inflation, the Bank's Monetary Policy Committee, led by Andrew Bailey, has chosen to hold rates steady.
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Latest property news
Report claims 390,000 jobs rely on private rented sector
Completed by PwC for the NRLA and lender Paragon, it warns against those who talk of abolishing or significantly reducing the size of the sector.
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