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Brexit impact on house prices is uncertain

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 […]

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Natwest and RBS may charge firms to hold deposits

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 […]

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Marketing: Safe Hands

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Mortgage lending soars in June, says CML

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 […]

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Bank of mum and dad used by 27% of first-time

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 […]

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New housing minister is revealed

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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UK interest rates held at 0.5%

The Bank of England has held the UK’s main interest rate at 0.5% despite speculation that it would cut rates. The Monetary Policy Committee (MPC) voted 8-1 to leave rates unchanged, but minutes of the meeting showed most members expect the Bank will take some action next month. Sterling rose as high as $1.3480 following […]

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Business as usual despite EU negotiations

On 23 June 2016 a majority of citizens in the United Kingdom voted to leave the European Union. Similar to the lead up to the vote, arguments and counter-arguments are being made about what the future will hold. There is still uncertainty as to what the UK’s new relationship will look like with the EU […]

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NAEA responds to the Government’s Action Plan

NAEA responds to the Government’s Action Plan for anti-money laundering and counter-terrorist finance. In April 2016 the Home Office and HM Treasury published its Action Plan for anti-money laundering and counter-terrorist finance and NAEA has made its views known regarding the role of Suspicious Activity Reports (SARs) and Supervisory Regimes for anti-money laundering. The Government’s […]

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Tips for Moving House with Pets

According to research, moving house is more stressful than going through a divorce or even starting a new job. The stress of moving house for cats and dogs can be considerable too so we’ve put together some really useful tips to keep your pets happy and healthy before, during and after your move. Before the Move Plan […]