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...While UK and the US mortgage rates have ticked up in February, they remain well below national peaks reached in 2023....
...When interest rates rose, higher discount rates hit valuations for companies seen as growth plays. The tech sector later rallied on AI hopes. But payments groups stayed in the doldrums....
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...Kevin Shaw, national sales managing director at the property services company Leaders Romans Group, said: “2024 is off to a good start with more properties coming on and more sales happening.”...
...Louise Baxter, a consumer protection expert and founder of the UK’s National Trading Standards Scams Team, said higher interest rates and other economic factors at the moment played into the hands of scammers...
...Investment trusts are publicly listed companies, with four of them, including the £12.1bn Scottish Mortgage Investment Trust, in the FTSE 100....
...UK rents rose by a record 9 per cent last month, according to the Office for National Statistics....
...“We have a variety of mutual funds that offer mortgage exposure, but our ETF suite does not include a mortgage-focused strategy....
...The jump in average private rents in the year to March marked the biggest annual percentage change since the Office for National Statistics began collecting data in 2015....
...Others are following Scottish Mortgage’s example. Industry buybacks hit a record £3.6bn last year, according to the Association of Investment Companies....
...Some UK companies have pointed to higher valuations when choosing to list in New York rather than London....
...“All of the data suggests a recovery in the housing market in 2024,” said Tomasz Wieladek, chief European economist at investment company T Rowe Price....
...Global, flexible investment, infrastructure, UK equity income and UK smaller companies were the most popular sectors among those who did buy....
...And since 2008, mid-market corporates and mortgage borrowing have increasingly moved away from banks....
...A soon-to-be-published IMF survey of national debt management offices in emerging and developing economies shows that such knowledge asymmetries are not limited to commercial banks and domestic borrowers...
...Ballast for the theory comes from a National Bureau of Economic Research paper....
...Shares in listed realty companies such as Zillow, Redfin and Compass are down more than 12 per cent since Thursday....
...Fidelity’s Special Situations fund has targeted UK life insurers, seeing growth potential in the bulk annuities market as companies buy out defined benefit pension schemes....
...Mainstream investment funds such as Fidelity, T Rowe Price and BlackRock are exposed, too....
...National accounts data suggests non-financial companies’ net financing costs have fallen 40 per cent since rates began rising, which may suggest rising interest income has been a big offset....
...House prices have proved more resilient than some analysts expected this year — declining just 0.1 per cent in the year to September, according to the Office for National Statistics....
...“From my perspective, it is as bad as it has ever been,” said Honeyman, who cited last year’s changes to national planning policy — which softened local housing targets....
...And that’s naturally where high mortgage rates are going to hit hardest.”...
...Long-term mortgages: Rising mortgage rates have been a big contributor to the UK’s cost of living crisis. Can long-term mortgages, a norm in the US, help solve the country’s housing crunch?...
...The company increased its total revenue by 5 per cent to £147mn and adjusted operating profit by 2 per cent to £14mn....
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