First-time buyer house prices and rents have risen three times faster in the two years since the pandemic than before Covid hit as a property boom pushes property ownership further out of reach. Monthly rental payments are rising at the fastest rate ever recorded, according to Rightmove – increasing by 17pc since 2020, compared to …
First-time buyers hit by surge in rents and house prices Read More »
In the early days of the electric vehicle rollout, drivers were told they could one day turn their cars into money-making machines by selling excess power they did not need. The Vehicle to Grid charging, or V2G, was marketed as a way for consumers to mitigate rising energy bills by buying cheap energy during periods …
The electric car money-making myth that’s fooled thousands Read More »
Inflation has soared to a new 40-year high of 9.4pc in June – and this brings a dangerous triple whammy for house prices. Plunging real wages are hitting buyers and homeowners’ pockets just as high inflation pushes the Bank of England to raise interest rates, which when combined, has drastically reduced people’s ability to afford …
Why inflation will be a disaster for house prices Read More »
This column may seem to spend an inordinate amount of time banging on about valuation. But none of us would walk into a restaurant or clothes shop and pay any price to eat or buy something just because we liked it. The same should apply to stocks. As stock market sage Jeremy Grantham puts it: …
Four ways to make sure you’re buying the best value shares Read More »
Six of Britain’s biggest banks agreed to offer mortgages on buildings with fire safety defects, freeing owners trapped in previously unsellable homes. Barclays, HSBC, Lloyds, Nationwide, NatWest and Santander will lend on flats in blocks with cladding, on the condition the properties are entitled to funding to fix safety faults. This is the first time …
Cladding victims freed to sell up as banks agree to lend on crisis-hit flats Read More »
Kettles, toasters and towels were once the staples of a wedding gift list. But a new generation of couples are asking their guests for something a little more ambitious. Friends and family are now contributing towards a first home, acres of woodland and even a flock of sheep to celebrate nuptials. Kiran Kaur, 27, and …
‘We’re asking our wedding guests to pay for our first home’ Read More »
A lack of supply means that landlords are able to keep raising prices. The number of available property listings is increasing, up 8pc in June compared to the start of the year, but supply was still down by more than a quarter compared to 2021, according to Rightmove. Rental demand, by contrast, was up to …
The price of using an electric fan each night has been revealed as the UK experiences an ongoing heatwave. Many will subsequently be reaching not only for the factor 50 and an ice cream, but also their electric fans to try and help them get some sleep at night. Experts have since estimated just how …
House prices increased 13pc in the last year, the highest annual growth since 2004, as experts warned the property market was “defying logic”. Despite a cost-of-living crisis damaging household finances, house prices rose 1.8pc in the month to June in the biggest monthly rise since early 2007, according to lender Halifax. The monthly growth rate …
Property market ‘defies logic’ as house prices rise 13pc Read More »
