October sees biggest monthly price rise since 2015
This is the biggest price rise at this time of year since October 2015, and suggests the market hasn’t run out of steam despite the expiry of the stamp duty holiday.
Mortgages & Finance
Traders expect Bank of England base rate rise this year
They also expect two 0.25% rises in February and August 2022. If these increases go through the base rate would sit at 0.75% by next year, where it was before the pandemic.
Scotland unveils £1.8bn Heat and Buildings Strategy
Central to the plan is upgrading the energy efficiency of properties by installing zero emissions heating, signalling a switch away from carbon-based fuels like gas boilers.
Pandora papers: Tony Blair exposed for dodging stamp duty
The Blairs bought the £6.5m building in Marylebone by purchasing British Virgin Islands (BVI) company Romanstone International Limited, rather than the property directly.
Three more energy companies go bust
Enstroga, Igloo Energy and Symbio Energy have all stopped trading.
Mortgage approvals indicate cooling housing market
Some 74,453 loans were approved for house purchase in August, down from a previous six-month average of 82,719.
Buy-to-let product choice and affordability improving
Before covid affected the UK in March 2020 there were 2,897 products, with this count falling to 1,806 in September of the same year.
Bank of England expected to hike the base rate sooner
Economic growth expectations have been revised down from 2.9% to 2.1% in the third quarter of the year.
Shared home specialist Altacasa raises €2m in ambitious push
Altacasa, a platform helping people buy a share of second homes in the UK and Europe, has raised €2m in pre-seed funding from angel…
NRLA calls for ‘tenant hardship loan’ to protect landlords after furlough
This would be an interest-free government guaranteed loan to support the majority of tenants with COVID related rent debts who are not eligible for benefit support.
