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...The companies, whose plans were first reported by the Financial Times last year, share a set of officers, including two co-founders — chief executive Nathaniel Horwitz and publisher Sam Koppelman — general...
...UK rents rose by a record 9 per cent last month, according to the Office for National Statistics....
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...“Very suspicious at first glance.”...
...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....
...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....
...“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...
...The first signs of borrowers responding are likely to show up in mortgage approvals....
...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....
...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...
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...potential sellers balked at trading in their low-rate mortgages for ones with higher rates, while prices moved out of reach for many first-time buyers....
...“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....
...And that’s naturally where high mortgage rates are going to hit hardest.”...
...“Of course, every shareholder would like the company to pay 110 per cent as dividends, and we can afford it — but not for long . . . Our task is to develop the company....
...The National Association of Home Builders/Wells Fargo Housing Market Index rose to a reading of 37, up from 34 in October, marking the first increase in four months....
...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...
...Meanwhile, the average age of a first-time buyer has risen to 32 from 29 in 2011....
...on price,” said Andrew Wishart, senior economist at research company Capital Economics....
...Now, we had the most questions from those whose fixed-rate mortgages are coming up for renewal in the year ahead. Now if that’s you, you’re in good company....
...The lender calculated a typical first-time buyer on average UK income would have to pay 38 per cent of their monthly take-home pay in mortgage costs, above the long-term average of 30 per cent....
...“Buyer demand has grown as mortgage rates have begun to normalise, with good levels of growth seen in recent weeks as the first mortgage products are released with rates below 4 per cent since the September...
...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....
...Last week a survey of UK estate agents reported the first rise in house sales and demand since 2022....
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