Today: 17. Dec, 2024
The UK’s Competition and Markets Authority (CMA) has expressed worry over potential breaches in consumer protection laws by a notable fraction of landlords and letting agents. Reports highlight concerns such as hefty guarantees, fees imposed on senior citizens transitioning to retirement homes,…
The US-based flexible workspace provider, WeWork, once a shining star with a $47bn valuation, now grapples with significant financial challenges, raising concerns over its ability to sustain business operations. This change in fortune was evident when WeWork’s shares experienced a 27% nosedive…
The leading flexible workspace provider, IWG, recently announced unprecedented revenues alongside a 100% increase in profits during the first six months of the year. This surge can be attributed to the company’s prediction that the post-pandemic “hybrid work boom” is here to…
The UK’s smaller housebuilding firms, often considered the industry’s foundation, are grappling with declining demand, escalating interest rates, labour shortfalls, and surging costs. Steve Midgley, the head of Fairgrove Homes, laments the extended periods people now take to sell homes, resulting in…
UK house prices have seen another decline, marking the fourth consecutive monthly fall, with data from Halifax indicating that rising borrowing costs are causing a shift in preferences among first-time buyers towards smaller homes. In July, the average price decreased by 0.3%,…
Investor appeal in London and the south-east intensifies, leaving other UK regions trailing, reveals a university research study. In the past year, a study indicates that London, along with certain south-east regions, has proven more tempting to investors than other parts of…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
Homeowners express concerns over potential financial setbacks due to ongoing issues with Homes England’s administration. Despite assurances from the agency responsible for the government’s help-to-buy loan scheme, homeowners continue to face significant delays in receiving essential documentation. This has been happening even…
A father of two and the sole breadwinner in his family, describes the current financial climate as devastating due to the constant rise in the interest rate of his home loan. He is among the 1.4 million UK residents with a variable…
The latest actions from prominent lenders such as Nationwide, HSBC, and TSB, who have slashed their fixed mortgage rates, indicate that the peak of home loan costs might be near after escalating to almost 7%. This move is in response to data…
