Pound plunges as Bank of England cuts interest rates for first time since 2009 – Telegraph.co.uk

The pound dropped by 1.6% against the dollar after Bank of England stimulus measures in response to the Brexit vote. Gilt yields also fell to record lows as the bank launched a four point plan to reinvigorate the economy. It halved interest rates to a lowest ever 0.25% and introduced an extensive quantitative easing program. […]

Record numbers of Brits cashing in on cheap mortgages – How you can join them – Mirror.co.uk

Monthly debt payments can be reduced by moving money to new loans with lower interest. 0% balance transfer cards can help with credit card debt, while remortgaging can cut costs for those currently on a Standard Variable Rate. Fixed term deals can provide lower repayments and improve financial stability. Many people don’t realise they are […]

Theresa May promises thousands of new homes for young first-time … – Telegraph.co.uk

Thousands of new homes are to be built on brownfield land to provide more affordable homes for first time buyers. The government will support councils in 30 areas to unlock land for building and developers are to give a 20% discount on the houses. The properties are expected to be available to buy from 2018 […]

House price predictions for 2017 – BBC News

There’s good news for buyers of top-of-the-range London properties. Prices of four bedroom houses have fallen by nearly 9% in the last year. And London’s annual house price growth was below that of the average for the whole country for the first time in eight years. But average prices in London are still more than […]

More lenders offer 100pc, ‘no deposit’ mortgages – Telegraph.co.uk

100 percent mortgages, requiring no deposit, have started to return to the UK property market. Tighter regulation since the financial crisis had eliminated these formerly popular products, but lenders have come up with new ways to offer this amount of borrowing. One building society requires a parent to register against their own home, while another […]

Mortgage approvals hit three-month high, says Bank of England – The Guardian

September 2016 saw a three-month high in UK mortgages for house purchases, following a decrease during the summer. Activity was lower than at the start of the year, when a scheduled change in stamp duty hurried the market between January and March. One estate agent called the figures a welcome bounce back, while an economist […]

Is London immune from a UK property crash? – AOL Money UK

There is a background of growing caution in the property sector as Brexit negotiations approach. The real estate investment trust (REIT) is warning that London prices may see a significant decrease in value, especially if the UK ends up not having access to the single EU market. They say that portfolios have already begun to […]

Revealed: The one UK property share worth buying since Brexit Revealed: The UK property share worth buying since … – What Investment

Following the EU Referendum and the UK’s decision to leave the European Union, James Squires has revealed that he has bought more shares in UK property company Tritax BigBox REIT, who own self storage units nationwide. Squires also shares his thoughts on investing in gold in the current economic climate. Revealed: The one UK property […]

London house prices surge by 20 per cent in ‘super suburbs’ – Evening Standard

House prices in 5 up-and-coming London suburbs have soared to record levels in the latter part of 2016. Prices rose significantly in Newham, Barking and Dagenham, Croydon, Havering and Redbridge. Property experts believe this is down to the record low levels of interest imposed by the Bank of England and London has shown a strong […]

‘I’m 26 with £53k. Can I buy mortgage-free in five years?’ – Telegraph.co.uk

What may be a pipe dream for most young people now days, one man dares to consider whether, with his scrimps and savings, he can afford a property mortgage-free. Is it possible? Can other people follow in his example? With careful investments and a worthwhile portfolio, anything may just be possible. Key Takeaways: Almost £9,000 […]