The current situation in the UK mortgage and savings market underscores the complex interplay between central bank policies, market expectations, and global economic factors. While the Bank of England's rate cut might suggest lower borrowing costs, the reality is more nuanced. Homeowners and savers alike need to stay informed and be prepared to act swiftly to secure the best deals in this dynamic financial landscape.
Britain’s leading housebuilder Persimmon has cautioned shareholders about an anticipated £15 million impact from national insurance contribution changes, alongside other rising costs that will affect profit margins in the coming
London’s housing market has seen its busiest period in four years. This is partly because London landlords are trying to get rid of their properties before the budget this week.
Chief executive of one of Canada’s largest commercial property developers said that he would invest “hundreds and millions” more in new data centres, if only he could ensure the supply
In its first trading update since the merger, Barratt Redrow is beginning to experience “more stable markets conditions”. Barratt acquired its smaller rival Redrow as part of a merger worth
The number of homes listed by estate agents is higher than any time in the last decade. This keeps house prices down. Rightmove’s property search site shows that estate agents
The City regulator has begun a review of the lending schemes that millions of people use to pay their motor and home insurance in installments. The Financial Conduct Authority announced
The Bank of England has predicted that the base rate will be further reduced this year due to a larger-than expected fall in consumer price inflation. This is good news
Bellway is confident of building more homes than expected in the coming year, thanks to the improvement in the housing markets over the summer. The housebuilder said that in the
In the coming months, the appetite of investors for London office space will be more apparent. A number of large blocks in the capital have recently been listed for sale.
After rising for the third consecutive month in September, house prices are now within a whisker’s distance of their records highs. Halifax, one the largest mortgage lenders in the country,
Rightmove’s Australian suitor has abandoned takeover discussions after its sweetened £6.2billion offer was rejected. REA Group confirmed Monday afternoon that it had withdrawn its interest in purchasing the property search
Rightmove’s directors have rejected a better takeover bid from an Australian competitor, who valued the online property portal in £6 billion. The FTSE100 company stated that the offer by REA
The REA Group, owned by billionaire Rupert Murdoch, has added an additional £200m in a sweetened bid for Rightmove. This value the UK’s largest online property portal to more than
Rightmove has received a third takeover bid of £6.1 billion from a Melbourne property company, after having rejected two previous offers. Rea Group’s latest indicative offer – 341p cash and
Parents and grandparents rush to transfer property, cash and investment before the budget in October. Lawyers report a rise in large gifts made by families who are convinced that the