UK Finance: Number of interest-only mortgages almost halves in six years

The number of partial interest-only mortgages rises while pure interest-only mortgages have almost halved in the past six years, UK Finance figures show. The trade body’s research found there are currently 1.7 million outstanding interest-only mortgages (including partial interest-only), down 46 percent since 2012, when the data was first collected. The total value of the [...]

By |2018-05-23T00:04:15+01:00May 18th, 2018|Bridging Finance, Business, Finance, Marketing, News|0 Comments

UK Invoice Finance & Asset Based Lending Up 5%

Invoice finance and asset-based lending in the UK stood at £23.4bn at the end of 2017, up 5% on the funds advanced at the end of 2016, according to figures published by UK Finance reveal. Invoice finance and asset-based lending to small businesses (those with annual turnovers of less than £500,000) increased by 19% in December 2017 [...]

Over-50s hold 75% of Britain’s housing wealth

Homeowners over the age of 50 hold 75% of Britain's housing wealth, according to new research, revealing the huge generational divide in the property market. Older owner occupiers hold a total of £2.8 trillion in equity, equivalent to more than £75 in every £100. By comparison, the under 35s account for less than £6 in every £100 [...]

An influx of foreign cash has boosted average UK property prices

A recent study by King’s College London has cast a very interesting light on the UK property market and the impact that foreign investment has had over the last 15 years. The report suggests that UK house prices increased by 20% over the last 15 years as a direct consequence of increasing foreign investment. The [...]

By |2018-03-27T15:22:56+01:00March 27th, 2018|Business, Finance, Marketing, Media, News|0 Comments

New home completions in England have increased strongly

New home completions in England have increased strongly year on year although starts have stuttered slightly and fell back year on year, according to the latest figures from the Ministry of Housing, Communities and Local Government. On a quarterly basis, new build starts in England were estimated at 41,280 in the fourth quarter, up 5% [...]

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