in the know
Read More

Bank of England to buy Apple bonds

The Bank of England has included Apple on a list of companies that qualify for its new economic stimulus bond-buying scheme. This means the central bank views the company as making a “material contribution” to the British economy. The decision will anger the Silicon Valley giant’s critics, who accuse it of avoiding tax on UK […]

Read More

New £5 note: Consumers face wait for plastic fiver

The new plastic £5 note is being launched in England and Wales on Tuesday, but most people may have to wait up to a week to get one. The polymer note – which is much more durable than the old fiver – will initially only be available from a handful of banks and cash points. […]

Read More

UK inflation rate holds steady at 0.6%

The average cost of everyday household goods and services went up by 0.6% in the year to August. The UK inflation rate, as measured by the Consumer Prices Index (CPI), was unchanged from July. Rising food prices and air fares pushed prices higher, the Office for National Statistics said, partly offset by cheaper prices for […]

Read More

UK house price inflation falls to 8.3% in July

UK house price inflation falls to 8.3% in July, says ONS. House price inflation across the UK fell to 8.3% in the year to July, down from 9.7% in June, according to official statistics. The figures – from the Office for National Statistics – are for the first full month after the Brexit vote. They […]

Read More

Demand from home buyers falls by a third year

Demand has fallen by over a third, the NAEA has reported. It says that last month, demand was down 35% on July last year, and that it is at its lowest since November 2013. Applicants per branch dropped to 298 from an average of 330 in June. Last July, the number of applicants per branch […]

Read More

House sales fail to complete yesterday

Did your end of August transactions all complete yesterday? This is a key date in the calendar, as families complete their moves to time with the start of the new school year. Yesterday afternoon, I was alerted to problems. At about 4 pm yesterday I received an email from a Bold Legal Group member firm: […]

Read More

Savers ‘devastated’ in August as rates fall below

Millions of savers have been left “devastated” by further cuts in interest rates during August, according to analysis from Moneyfacts. The average easy access rate fell below 0.5% for the first time, while cash Isa rates fell below 1%. It follows the Bank of England’s decision to cut base rates by 0.25% on 4 August, with the […]

Read More

North beats South as UK house price growth divide

Ashift in house price momentum is underway in the UK, as southern cities start to slow down with the north taking their place at the top of the leaderboard. Glasgow has emerged as the city with the fastest growing quarterly house prices, according to Hometrack’s monitor of the biggest 20 cities in the country. Prices there rose 5.2pc in […]

Read More

House price growth defies post-Brexit

House prices jumped this month, defying all post-Brexit predictions of a slowing market, according to Nationwide.Asking prices increased in August by 0.6pc compared to the previous month despite evidence that the housing market has slowed recently, due to the referendum and stamp duty increases on buy-to-let and second properties.Annual growth increased to 5.6pc in August from 5.2pc in July, […]

Read More

L&G moots new mortgage ‘marketplace’

Individual investors could help ease Britain’s housing crisis via innovative investment structures, according to insurer Legal & General, as it eyes further inroads into the property sector.The insurance giant sees potential for a marketplace that matches individual lenders with homebuyers, and cites its own research which suggests a quarter of people would consider investing in other people’s property […]