First-time buyers spend 39 per cent of take home pay on a mortgage – Nationwide
Homes for first-time buyers are at their most expensive as a proportion of take-home pay since the financial crisis. The proportion of monthly income that first-time buyers are having to put towards mortgage repayments is returning to levels last seen in the 2008 financial crisis, according to Nationwide. Nationwide, the UK’s third largest lender has […]
UK economy beats expectations with November growth
The economy grew by 0.1% in November, partly boosted by World Cup fans spending more in pubs and restaurants.
UK economy grew in November despite recession predictions
The increase comes despite forecasts of a UK recession in 2023
The UK may avoid a recession for now but it won’t feel like it for many
Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic UK economy grew by only 0.1% in November Business live updates: UK may avoid 2022 recession In normal circumstances the fact that the UK economy eked out a bit of growth in November would be of little relevance, […]
UK economy grew by only 0.1% in November
Figure comes as people began Christmas shopping, while World Cup gave pubs and bars a boost UK may avoid recession but it won’t feel like it for many Business live updates: UK may avoid 2022 recession The UK economy unexpectedly grew by 0.1% in November as consumers headed to the shops in the run-up to […]
Homes for sale in UK financial districts – in pictures
Properties suitable for the new batch of candidates on The Apprentice, from skyscrapers to a Georgian terrace Continue reading…
The Guardian view on a property-owning democracy: Tory dream becomes a nightmare | Editorial
A housing price collapse may see a coalition of renters and mortgage holders emerge that would doom the Conservative electoral base The Conservative party has good reason to think that its vote is only as safe as house prices. Its 2019 victory could be ascribed to two homeowning demographics – outright owners and mortgage holders […]
‘Marked slowdown’ in UK housing market amid political and economic uncertainty – business live
Housebuilder Barratt says ‘political and economic uncertainty’ hit the housing market JD Sports has also predicted its profits will be towards the top end of expectations, following a jump in sales over Christmas. JD Sports’ revenues grew by over 10% in the 22 weeks to 31 December 2022, accelerating to more than 20% in the […]
I bought my own home last year. But I now have big regrets | Arwa Mahdawi
There is immense pressure to buy a place – and to do so is obviously a massive privilege. So why does homeownership seem so overrated? Here are a few things that I have Googled in the nine months or so since I bought a Victorian terrace home in Philadelphia: Does a crack in the lintel […]
Mortgage payers face squeeze in 2023 after UK interest rate rises
Wealthy people who own home outright will avoid higher costs and benefit from better return on savings Homeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to […]