UK mortgage deals: how to navigate the rollercoaster rates ride
Amid a debate about what is happening to the housing market, what are your options? We are in the grip of a mortgage price war, according to some experts – but it probably won’t feel like that if you are staring down the barrel of much higher monthly payments. It is certainly fair to say […]
Rats, mould, damp: one woman’s story reveals the ugly truth about the UK’s biggest housing association | Aditya Chakrabortty
A mother of three’s struggle with Clarion reflects a system rigged to favour asset-owners while renters are abandoned You will read the grim facts about Chanel Sultan’s life in a minute, but first let’s talk about her dreams. Like the law degree she has just started, or her hope to buy her own home. Like […]
Cost Of Living Crisis Could Plunge 35,000 UK Film & TV Workers Into Distress But Industry Mental Health Improving, Says Charity Report
As many as 35,000 UK film and TV workers could be plunged into financial distress over the coming year, according to new research from The Film & TV Charity, which revealed improvements to the industry’s mental health crisis. The charity’s third Looking Glass survey, which takes the industry’s temperature on mental wellbeing, bullying and working […]
UK property demand declines as house prices in England fall
Further slowdown likely amid interest rate rise and cost of living crisis, says surveyors’ body Rics Property sales and house prices continued to decline across the UK in January, while new buyer demand and fresh listings were also down, surveyors have reported. A net balance of -47% for new buyer inquiries was reported, down from […]
UK house sales outlook for 2023 remains ‘uncertain’, says Barratt
Housebuilder reports ‘modest uplift’ in reservations of new homes in January but remains cautious Britain’s largest housebuilder, Barratt Developments, has reported grounds for optimism in the UK housing market after an increase in sales in January – but it said the trading outlook for 2023 remains “uncertain”. Barratt reported a “modest uplift” in reservations of […]
UK house prices flat after four-month fall as interest rates bite
Halifax figures show average house price largely unchanged in January at £281,684 UK house prices were roughly flat in January, having fallen in the previous four months, according to Halifax. Average prices were stable at £281,684 last month, the lender said, after sharp falls of 1.3% in December and 2.4% in November. Continue reading…
UK house prices ‘stable in January’; anger as BP profits soar to record – business live
British house prices were unchanged in January, Halifax reports, but annual growth slowed to a three-year low of 1.9% Danny Blanchflower, a former Bank of England policy maker, has predicted that “collapsing” house prices will push the UK central bank into a rapid pivot toward interest rate cuts. Blanchflower, who is now a professor of […]
UK shoppers rein in spending despite sales as cost of living crisis takes toll
British Retail Consortium says sales growth slowed in January amid soaring costs for energy and food British consumers sharply cut their spending in January as the cost of living crisis damaged household finances, retailers have warned, amid growing concern over the impact of high inflation on the economy. The British Retail Consortium (BRC) said sales […]
Retirement boom among UK’s older workers creates economic headache
Wyre Forest in the West Midlands has seen a huge jump in the ‘economically inactive’, many of them affluent older people, but the dearth of workers is a real problem for employers “I always laughed at people who said they’d never been so busy since they retired,” says David Richards, mopping his brow as he […]
Cost of fixed-rate mortgages set to fall as UK inflation outlook brightens
Brokers are predicting that a five-year deal below 4 per cent is coming