Major English cities – particularly Manchester – have seen the sharpest falls in home ownership since a peak in the early 2000s, analysis suggests. The Resolution Foundation said homes were becoming increasingly unaffordable for struggling potential buyers. The proportion of home owners dropped from 72% in April 2003 to 58% this year in Greater Manchester, […]
Peppers may sulk, tomatoes will grow too green and hide their fruit, but some things thrive in such weather, says Alys Fowler. What do you do when the days are slate-grey and muggy, when the pavements are damp-stained and puddles are slicked with substances you don’t care to think about? You make the most of […]
Planning a barbecue but worried about the weather? Don’t be put off: follow these tips for great grilling come rain or shine. Plus: recipes you can cook in the oven or over coals. When it comes to great British sports, barbecuing in the rain is right up there with aggressive queueing and passive-aggressive apologising as […]
The number of people being declared insolvent has risen by a fifth on a year ago – but low interest rates mean the total is still comparatively low. A total of 22,503 people were left with unmanageable debts in the second quarter of the year, official figures from the Insolvency Service show. That was a 22% […]
The Brexit effect on the housing market may take months to become clear, the Nationwide said as it reported a slight rise in UK house prices in July. The UK’s biggest building society said that uncertainty after the UK’s vote to leave the EU could reduce demand among buyers. Even so, the resulting impact on […]
Natwest and Royal Bank of Scotland (RBS) have warned businesses they may have to charge them to accept deposits due to low interest rates. The move, if enacted, would make them the first UK banks to introduce negative interest rates, in effect, charging to deposit money. “Global interest rates remain at very low levels… this […]
The amount of money being borrowed by homeowners last month soared to its highest June level for eight years, according to estimates. Total loan advances reached £20.7bn, the Council of Mortgage Lenders (CML) said. That was 16% higher than the previous month, and 3% more than in the same month last year. The number of […]
The number of first-time home buyers relying on the bank of mum and dad in England has risen sharply, according to official figures. The government’s housing survey shows that last year 27% of such buyers relied on friends or family for help with a deposit. 20 years ago, the figure was 21%. More people are using inherited […]
The new housing minister has been announced. Gavin Barwell has been appointed Minister of State for Housing and Planning, and also Minister for London. The news was tweeted by Barwell yesterday morning, who said he was “hugely honoured”. Barwell is the MP for Croydon Central. His new post is not a Cabinet one, although Sajid […]
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