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...But the structure of the mortgage market has been blamed for making it more difficult for first-time buyers to get on the housing ladder at all....
...Mortgage brokers have welcomed an “innovative” home loan aimed at first-time buyers, which requires a deposit of just £5,000 for homes worth up to £500,000....
...UK lenders reported a return to growth in the demand for mortgages in the first three months of 2024, according to the latest official data, providing further evidence of the property market stabilising....
...The average asking prices for properties of up to two bedrooms, which Rightmove classifies as being for first-time buyers, was almost flat month on month at 0.3 per cent....
...“Very suspicious at first glance.”...
...UK lenders said mortgage demand returned to growth in the first three months of 2024, according to official data published on Thursday that adds to evidence of stabilisation in the property market....
...Alphabet’s market value surged 11 per cent on Friday to more than $2tn after Google’s parent company announced its first-ever dividend and reported strong growth across its main business lines....
...“This provides further evidence that households are no longer searching for higher interest rates by tying up money in fixed-term accounts,” said Ashley Webb, economist at research company Capital Economics...
...Pimco has proposed its first mutual fund-to-ETF conversion, according to a regulatory filing....
...Just 6 per cent of new mortgages taken out in the first three months of the year were trackers, according to John Charcol; nine in 10 were fixed; in all, half were two-year fixes....
...The first signs of borrowers responding are likely to show up in mortgage approvals....
...on price,” said Andrew Wishart, senior economist at research company Capital Economics....
...Scottish Mortgage’s public and private portfolio is delivering strong operational results, evidenced in part by free cashflow from the portfolio companies having more than doubled over the past year....
...Lloyds’ total lending fell £1.2bn to £448.5bn in the first quarter, with its mortgage balance shrinking by £1.6bn. The group however flagged a rise in mortgage applications in the first quarter....
...UK house prices rose more than expected in February, posting their first annual increase in more than a year according to lender Nationwide, adding to evidence of a market recovery as mortgage rates eased...
...Karen Noye, mortgage expert at wealth management company Quilter, said: “The large increase in mortgage rates seen over the last couple of years is really starting to bite for some borrowers and this is...
...Switzerland’s attorney-general has opened a criminal investigation into alleged violations of its Russia sanctions by an unnamed company, in the first sign that the country is willing to prosecute groups...
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...Nevertheless, the figure remains well below a peak of 3.64 per cent in the first quarter of 2009, during the global financial crisis....
...Its bet on Scottish Mortgage is not Elliott’s only recent interest in London-listed companies....
...Mortgages for house purchases, or remortgages, were down 21 per cent, while new lifetime, or equity release, mortgages were down 40 per cent....
...UK average mortgage rates fell for the first time in over two years, according to data from the Bank of England, suggesting that the burden on homeowners is easing as lower borrowing costs filter through...
...The board of Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its share price, as high interest rates and complex regulations continue to weigh on the investment...
...After declining from 23-year highs in October, the slide in mortgage rates has stalled....
...Friday interview: Harley Bassman Almost all of what fixed-income options traders do on Wall Street today, Harley Bassman did first....
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