The latest official statistics have revealed that the UK economy expanded by a figure of 0.3% in the first quarter of the year, allaying fears that Britain was poised to plunge into a triple-dip recession.
The Bank of England has announced that it is extending the Funding for Lending Scheme (FLS) until 2015, meaning that would-be buyers may have greater access mortgage finance.
On average it takes 23 years for savers to raise enough money to buy a home. At the same time, 35% of renters are more than likely to have no savings at all.
Experian has revealed that for the sixth year running, mortgage application fraud rose in 2012 – this time by 9 per cent from the 2011 figures.
One and two-bedroom properties provide the highest rental returns for investors with average yields of 6.8% and 6.4% respectively, according to data from Countrywide, the UK’s largest lettings agent.
The Fuel Poverty Action group has accused the UK’s ‘big six’ energy suppliers of “cold-blooded profiteering”, as estimates show their profit margins continue to rise despite the squeeze out on households.
The government’s nationwide cap on benefits payments began last week with a trial in the London Boroughs of Haringey, Enfield, Croydon and Bromley.
UK house prices are set to surge in the coming years, according to forecasts from the Ernst & Young ITEM Club, with property values expected to make a gradual return to pre-crash levels.
An extension of the Bank of England’s £80bn Funding for Lending Scheme (FLS) may be gathering momentum, according to the Bank’s Monetary Policy Committee (MPC).
In days long gone by, tempting chocolate sweets were often packaged in tins and boxes featuring images of pretty rural cottages. Those days may have passed, but the term coined by these images is still alive and well and perfectly describes some of the most attractive properties on today’s market.