UK house prices fall at fastest annual rate since 2012
Year-on-year February 1.1% decline comes as average price of property drops to £257,406, says Nationwide BoE boss says interest rates may have peaked How rising rates sent the UK housing market into reverse Annual house price growth in the UK turned negative in February for the first time in almost three years, Nationwide data shows, […]
‘I wanted my son to have something to inherit’ – that’s why I decided to invest
For Phil Brown, after paying off his mortgage early, investing meant securing his family’s financial future Phil Brown credits an “old fashioned” approach to money for helping him accumulate enough spare cash to start investing. “I hate being in debt; I hate the cost of it,” he says, explaining his determination to pay off the […]
Co-operative Bank reportedly eyeing Sainsbury’s Bank’s £650m mortgage book
The Co-operative Bank is reportedly in play to acquire Sainsbury’s Bank’s £650 million mortgage loan book. Co-operative Bank reportedly bidding for Sainsbury’s Bank £650m loan book The Co-operative Bank is the frontrunner amid a bidding war being run by consultancy Deloitte that has seen challenger Starling Bank already drop out, Sky News reports. Sky News […]
Hopes rise that UK might avoid recession after services sector rebound
Pound edges up as stronger economic growth increases chances of further interest rate rises A rebound across the UK’s services sector in February has raised hopes that the country might avoid recession in the first half of this year. Analysts said the bigger than expected surge in business activity appeared to show that the UK […]
Co-operative bank leads race to acquire Sainsbury’s mortgage book – Sky News
The Co-operative bank is reportedly the frontrunner in the bidding process for the £650 million mortgage loan book of supermarket chain Sainsbury’s, heralding a turnaround in the fortunes of the once distressed lender.
Energy crisis stemming from Ukraine war ‘cost £1k for every UK adult’
Conflict came on top of our over-reliance on gas, says Energy and Climate Intelligence Unit The UK’s over-reliance on gas has been blamed for pushing up bills as it emerged that the energy crisis stemming from the war in Ukraine had cost the equivalent of £1,000 for every adult. A study by the Energy and […]
Quarter of UK households regularly run out of money for essentials, survey says
Charities find nearly 40% of people end the month with no money, and 67% say UK government not doing enough about crisis One in four households regularly run out of money for essentials and voters do not believe the government is doing enough to help, a group of charities have said. Nearly 40% of people […]
UK property asking prices stagnating, lifting hopes of softer landing for housing market – business live
UK property asking prices rose by just £14 in February, weakest gain on record, Rightmove reports, with sellers ‘more realistic’ about what property is worth Loss of nearly 15,000 UK retail jobs a ‘brutal start to 2023’, report says In the City, shares in retail group Frasers are leading the FTSE 100 risers after it […]
Investment bootcamp: five ways to make your money work harder
Knowing the best way to invest your money can be tricky – especially during economically volatile times. These expert tips will help you decide where to put your hard-earned cash – and how to make the most of it If you’re thinking about investing for the first time, your instinct may be to delay transferring […]
From hidden costs to lack of knowledge: seven misconceptions that stop people from investing
Whether you’re worried about timing it right or not having enough expertise, there are always concerns when it comes to investing. Experts explain why you should put your fears aside and make the leap People have all sorts of reasons why they don’t invest their money – whether it feels like it’s too late in […]