East Midlands applicants most likely to be denied a mortgage – Mortgage Introducer

UK residents who live in the East Midlands area are being denied mortgages compared to those who live in London. It has been found that the residents in East Midlands do not meet the credit requirements of the lenders. Their requirements are too high for those in this area to meet. A Professor has stated […]

House prices dip to average £210495 in August – AOL UK

House prices in the U.K. have been dropping on prices. The average price of a home is around 210,495 euros. In August, they have seen a 0.1% decrease. The annual growth has halved in the past year, being at 5.6% last August. Robert Gardner is the chief economist from Nationwide says that the mounting pressure […]

Zoopla is buying financial comparison site Money.co.uk in deal worth up to £140 million – Yahoo News UK

ZPG the parent group of Zoopla has announced the purchase of Money.co.uk for 80 million pounds; there is the possibility of an additional 60 million pound payoff, depending on future performance. Money.co.uk is a website that allows customers to compare credit cards, mortgages, and similar financial products. Money.co.uk was founded in 2008; the website earned […]

Has flood of Chinese money really dried up? – Telegraph.co.uk

Observers once noted a veritable flood of Chinese money all across the world. But new reports suggest that the flood has suddenly dried up for people. That has left some buyers without the funds they need for that kind of income. China has supported a 21st century maritime silk road in the Old World. But […]

How long should you fix your mortgage for? Why the overlooked three-year deal might be worth a peek – This is Money

Three-year fixed mortgage deals offer borrowers a more ideal balance between cost, flexibility, and certainty over the loan term than traditional two or five-year promotional rates. Five-year deals, with their early repayment penalties, lock borrowers in for longer than many would like. Two-year deals are most affordable, but the allure of lower monthly repayments is […]

Monmouthshire’s lack of home building land a ‘concern’ – BBC News

A shortage of land in the town of Monmouthshire is prompting the town council to review its Local Development Plan early. What houses are available sell extremely quickly in the area and the average house price has sky-rocketed. The Monmouthshire council has previously set lofty goals on how many houses they aim to be built […]

THIRD of UK homes have had £25,000 slashed off asking prices … – The Sun

Home prices in the UK are beginning to fall. This is not an indication of a bad housing market, but rather the market adjusting itself. Historically, first time home buyers in the UK have had a difficult time managing the down payment and purchasing their first home. With prices dropping a bit, hopefully this will […]

£750000 house sellers are accused of hushing up flooding risk after couple who bought five-bedroom home found a … – Daily Mail

Paul and Hazel Edwards were told the dream 750,000-pound home in a ritzy suburb of Newcastle upon Tyne that they were about to purchase had never flooded. Yet within a year of moving in, their garden and basement flooded after heavy rains. The couple then discovered an old Facebook post from Robert Corson, the previous […]

UK construction ‘flirting with recession’ as Brexit uncertainty bites – The Guardian

The economy in the United Kingdom is moving close to recession since the Brexit vote. Growth in commercial and residential construction has hit a one year low in August. Chief economist Samuel Tombs from Pantheon Macroeconomics says that the UK economy is closer than ever to another recession. And with the UK’s exit from the […]

UK house prices rising amid shortage of properties, says Halifax … – The Guardian

A UK newspaper has published an article about rising house prices. Against expectations, the average price for a house in the UK went up by 1.1% in the month of August. The three-month increase was 2.6%. The source was the UK’s largest mortgage company. Experts had predicted a slowdown. The increase might be due to […]