Three more major mortgage lenders have slashed their rates, offering further respite for mortgage borrowers – as brokers warn that they shouldn’t wait around for rates to fall further. HSBC and Nationwide are the latest large lenders to announce further rate reductions, both taking effect from today. This follows Santander’s announcement of rate cuts yesterday, … Read more
Aston Martin sales accelerate on price hikes and DBX707 demand Aston Martin’s second-quarter results beat market expectations Aston Martin said average selling price came in at £184,000 By Jane Denton Updated: 10:55 BST, 26 July 2023 Aston Martin’s second-quarter results beat market expectations, thanks to higher prices and demand for its DBX707 sports utility vehicle … Read more
Government has NO plans to delay proposals to replace gas boilers with heat pumps despite Michael Gove hints Energy and Utilities campaign group says it’s time to ‘junk the target’ Cabinet minister Michael Gove hinted that the proposals needed to be reviewed By Helen Kirrane Updated: 15:17 BST, 26 July 2023 The Government does not … Read more
Private number plates are increasingly big business. Prices on many are surging, and collectors who know how to spot a winning combination of letters and numbers are making profits in the tens of thousands on a single plate. And since the DVLA started selling them in 1989, sales of the plates have raked in more … Read more
Households set to pay a record £20,000 each on mortgage interest payments and other borrowing costs over the next five years, new analysis suggests Families will pay out a combined £556billion between now and March 2028 By Katherine Lawton Updated: 07:43 BST, 2 May 2023 Lib Dem leader Sir Ed Davey (pictured) said: ‘It is … Read more
Over 65s hold a record-high £2.6trillion worth of net housing wealth, new research suggests. About £2.2trillion is held as equity by owner-occupiers over 65, many of whom are mortgage-free, the findings by Savills claim. Many of these over 65s would have faced significantly higher interest and mortgage rates when buying a home than seen currently … Read more
Should you sell in May? The returns over summer for all the world’s major stock markets revealed ‘Sell in May and go away’ is one of the most famous adages in finance It is well supported by analysis of the world’s major indices over 50 years By Angharad Carrick For This Is Money Published: 07:00 … Read more
Broadcaster Sky reportedly lining up hundreds of job cuts as it grapples with shift to streaming By Daily Mail City & Finance Reporter Published: 21:50 BST, 30 April 2023 | Updated: 08:17 BST, 1 May 2023 Broadcaster Sky is reportedly lining up hundreds of job cuts as it grapples with a shift to streaming. The … Read more
Big Mac and FINES! The little-known law that could land you a £200 charge at McDonald’s If you are caught by the police, you could have six points added to your license According to Britton and Time, many Brits break this law without even knowing By Milica Cosic Published: 09:39 BST, 29 April 2023 | … Read more
Buy-to-let landlords are selling up in droves, according to new analysis, with younger property investors failing to fill the void. The latest Government survey of landlords puts the age of the average buy-to-let investor at 59, with just 15 per cent being aged under the age of 45. Since 2016, almost a quarter of a … Read more
Sainsbury’s set to become latest supermarket to report fall in profits: Britain’s second-biggest grocer under pressure from discounters Aldi and Lidl By Patrick Tooher, Financial Mail On Sunday Published: 21:50 BST, 22 April 2023 | Updated: 21:50 BST, 22 April 2023 Sainsbury’s is set to become the latest supermarket to report a fall in profits. … Read more
Older landlords are ‘retiring’ in their droves… and younger buy-to-let investors won’t replace them due to higher tax and mortgage rates Total of 140,000 landlords retired last year, accounting for 73% of all sales Some 96,000 landlords will turn 65 in coming year, according to Hamptons Demographics will drive landlord sales to a new peak … Read more
Since the advent of buy-to-let mortgages in the mid-1990s, landlords have flocked into the sector, with debt turbo-charging its growth. Between 2000 and 2022, the number of privately rented homes in England more than doubled to 4.6million – and two thirds of existing landlords are now reliant on a mortgage, according to the latest English Private … Read more