The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in June with house prices falling more than expected. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers remain uncertain about the economic climate. These factors, together with the ongoing mortgage [...]
According to housing intelligence group, Hometrack, house prices in England and Wales fell at their fastest annual pace since October 2009 last month. According to Hometrack, house prices fell by 0.1% on the month and are 3.7% lower on the year. House prices have now fallen for 10 consecutive months, according to the group. Hometrack [...]
The Royal Institution of Chartered Surveyors (Rics) has today revealed the UK housing market remained weak last month. The Institution’s March monthly survey revealed sales and prices were flat, while interest from prospective buyers was waning. However, London appears to be bucking the trend with house prices in the capital rising for a second consecutive [...]
First-time buyers and homemovers are flocking to mortgage advisers, according to unbiased.co.uk. In the first six months of the year, the financial website recorded a 24% rise in consumers looking for advice from a whole of market mortgage broker, compared with a year earlier. The website, received over 45,000 enquiries, with potential first-time buyers leading [...]
House sellers returned to the market last month in numbers not seen since May 2007, just before the roll-out of Home Information Packs began. According to the Royal Institution of Chartered Surveyors’ (RICS) latest survey, the rate of house price rises slowed in March as new instructions outpaced new enquiries for the third consecutive month. [...]
Enquiries from new home buyers dipped in January, for the first time in 14 months. According to the Royal Institution of Chartered Surveyors (RICS), the winter freeze may have been responsible for the downturn with house sellers also affected and the number of homes being put up for sale falling for the first time in [...]
A new report from professional advice website, Unbiased.co.uk, show mortgage enquiries from first-time buyers regaining ground, after a slight fall in June. The firm recorded a 43% increase in July, indicating that some of those aspiring to homeownership are convinced the UK housing market has bottomed out. Unbiased chief executive, David Elms, comments: “Many first-time [...]
Record numbers of holidaymakers are searching for the best deals on travel insurance at price comparison website Confused.com. Travel insurance enquires at the site are up 63% compared to this time last year – a trend Confused.com expects to see continue throughout the summer. Single trip insurance is proving the most popular, with seven in [...]
The latest survey of the UK housing market by the Royal Institution of Chartered Surveyors (Rics) shows new buyer enquiries rising for the fifth consecutive month in March, with a consequent increase in newly agreed sales and sales expectations. From a poll of its members, the Institution calculates that the net balance of surveyors reporting [...]
In its latest survey or members, the Royal Institution of Chartered Surveyors (Rics) found that in February, new buyer enquiries increase at their fastest pace since August 2006. The Rics attributes the rise to sharp cuts in interest rates and falling house prices, both of which have improved affordability. However, the ratio of Rics members [...]
Rightmove has reported a surge in new buyer enquiries in January. According to the UK’s largest property website, new buyer enquiries rose by 108% last month, compared with a year earlier. The firm’s spokesman, Miles Shipside, believes the rise indicates pent up demand on the part of prospective home movers, however, sales figures are not [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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