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...Higher mortgage rates have accentuated the country’s housing shortage, resulting in landlords passing the higher borrowing costs in the form of rent rises to tenants....
...US mortgage lender....
...Its bet on Scottish Mortgage is not Elliott’s only recent interest in London-listed companies....
...Early last year, one in four new mortgages was a tracker, according to mortgage broker John Charcol....
...When Angela, a nurse who lives in Wisconsin, went looking for a new mortgage last spring her timing could not have been worse....
...They possess an enduring competitive advantage, disrupting their respective industries or even creating new ones....
...Experts said the fast and sustained rates of growth had been boosted by strong employment growth and high levels of new business investment....
...Accord has waived product or arrangement fees on its new deal. The loan is not available on an interest-only basis and no flats or new builds will qualify....
...“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...
...Simon Gammon, managing partner at Knight Frank Finance, said: “Demand for mortgages to buy homes has been rising since the new year and momentum will continue to build into the summer.”...
...from the Bank — had added “stability” to the mortgage market....
...Mortgages for house purchases, or remortgages, were down 21 per cent, while new lifetime, or equity release, mortgages were down 40 per cent....
...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...
...Scottish Mortgage’s value surged during a pandemic-era tech stock rally, with shares rising 76 per cent between March and September 2020....
...The BoE said January’s “effective” interest rate — a measure of the weighted average cost — on newly drawn mortgages fell 9 basis points, to 5.19 per cent....
...The ONS figures cover the entire stock of privately rented properties, which means they lag prices for new-let agreements, and separate data has indicated that the rental market is now cooling....
...That’s why they have to react so quickly,” said Simon Gammon, a mortgage broker at Knight Frank. At the end of 2023 there was a rally in bond markets that prompted lenders to lower mortgage rates....
...“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....
...This prompted some lenders to increase their mortgage rates in February....
...Scottish Mortgage declined to comment. But other investment trusts face a battle to survive. Capital raisings, the industry lifeblood for new funds, have dried up....
...Although government figures cautioned no final decision had been made, they said the new Treasury-backed mortgage scheme was likely to be in the chancellor’s March 6 Budget....
...The company on Wednesday reported home sales by its agents were down nearly 20 per cent in 2023, but said a recent pick up meant it was entering the new year with more sales in the pipeline than at the same...
...“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....
...As in the case of foreign currency mortgages, “the costs of mis-selling must be borne by the institutions that caused it.”...
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