Category: Industry News

Inflation continues to increase in October while food prices drop

Consumer price inflation ratcheted up to 1.3 per cent during October, while the price of food, petrol, and plane tickets fell less than they did in October of last year – according to official figures.

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Posted by: Leanne Halsey Categories: Economy, Industry News Tags: , , Leave a comment

Net yields rise for buy-to-let landlords as the timescales to find a tenant falls

The cost of agreeing a new tenancy rose 3.7% over the past year with rental growth continuing to be driven by London and the East of England, according to Countrywide Residential Lettings, the UK’s largest lettings agency.

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Posted by: Leanne Halsey Categories: Industry News, Letting, Letting Agents Tags: , , , , , , Leave a comment

Santander to break the mould with launch of lifetime mortgages in 2015

  British borrowers who find themselves unable to afford their repayments from their interest-only mortgages at the point of their expiry will be able to acquire a fresh mortgage deal till they die, as Santander officially unveiled plans to provide … Continue reading

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Posted by: Leanne Halsey Categories: Finance, Industry News, Mortgages Tags: , , , 1 Comment

Mastercard unveils pioneering biometric bank card using thumbprint technology as identification

  Mastercard has unveiled its pioneering biometric bank card enabling consumers to carry out transactions in shops across the UK using their thumbprint as identification.

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Bank of England proposals could require a third of new landlords to put down larger deposits

  The Bank of England have recently outlined a new proposal to impose stricter lending criteria for buy-to-let investors. If agreed, these extra powers could see new buy-to-let landlords having to put down a 40% deposit in order to secure … Continue reading

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Posted by: Leanne Halsey Categories: Industry News, Letting, Mortgages Tags: , , , , , , 1 Comment

Mortgage approvals fall month-on-month; a clear sign the housing market is slowing down

The number of mortgage approvals made by lenders for September fell 10% on the previous year, representing a 14 month low in mortgage lending activity in a clear indication that the housing market is undergoing its greatest slowdown in recent … Continue reading

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Posted by: Leanne Halsey Categories: Industry News, Mortgages, Property Market Tags: , , , Comments Off

UK inflation falls to lowest level for 5 years

  Inflation has fallen to its lowest level in 5 years, with the declining cost of fuel and a supermarket price battle thought to be the principal causes.

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‘Welcome news for consumer spending power’ as UK inflation rate falls to 1.5%

Consumers across the UK have seen the inflationary pressures on their wages softened over the past month, with the latest annual disclosure indicating that it fell to just 1.5% in the year to August.

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