Mortgage market
The Bank of England Monetary Policy Committee (MPC) has voted to keep interest rates at 0.5%, but the mood may be shifting to future rate rises. “We [the MPC] are responding to things that are essentially … unpredictable,” said Broadbent this morning on BBC Radio 5’s “Wake Up To Money” programme. “And that means that…
Birmingham and the West Midlands are in a strong position, thanks to good transport infrastructure and a central location, to take advantage of the Government’s current Nearshoring campaign to encourage businesses to move their overseas operations back to the UK. Commercial property company Cushman & Wakefield’s global business consulting team addressed Nearshoring issues at a seminar…
The rapid rise of “zero-hour contracts” is making it even harder for young people to step on to the property ladder, mortgage brokers have warned. Zero hours just means an employee is “on-call” without a minimum amount of weekly work specified in the contract. Mortgage experts said, like the self-employed, aspiring home owners’ options will…
Home affordability has improved in more than four out of five UK cities over the past five years, although this growth has been checked in the past 12 months. The average cost of a property in the country now stands at £184,215, which represents 5.8 times gross annual average earnings, according to the Lloyds Bank…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
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