A couple with a new baby lost their life savings of £33,000 when the buyer of their home lost their mortgage offer after exchange of contracts, collapsing their chain. And a study suggests that thousands more may have faced a similar nightmare.
Confidence in the UK housing market cooled in November, with fewer people thinking that their property increased in value compared to last month.
Bars are closing. Restaurants are seeing bookings cancelled. Retailers are worried about the impact of tightened Covid-19 restrictions on their businesses in the run-up to the crucial period. Everywhere there are signs of an economy rapidly losing momentum after its summer growth spurt.
When mathematics meets technology, the algorithms which use Big Data and machine learning can have any number of exciting applications, potentially offering instantaneous solutions to protracted problems.
Exiting the game According to a recent poll by YouGov, a global public opinion and data company for the National Residential Landlords Association, nine per cent of landlords said they were planning to exit the market altogether. While seven per cent said that over the next one year, they would sell some of their rentalContinue reading “Are buy-to-let investors fleeing the UK property market?”
Pent-up demand following lockdowns, a temporary tax cut, record low interest rates and government support for workers and mortgage holders have spurred a rebound that’s taken analysts by surprise. The average price of a UK homesoared to an all-time high in September, according to leading mortgage lender Nationwide, despite a pandemic-induced recession, rising joblessness and fears that a second coronavirusContinue reading “Why record UK house prices could be falling again soon”
The COVID-19 pandemic has not only brought on a global healthcare crisis, but also exacerbated poverty issues around the world. The World Bank has warned that 60 million people are at risk of falling into extreme poverty due to the virus, while the UN highlights how women are disproportionately affected by its economic fallout. Progress against poverty is now expected toContinue reading “Healthcare and Housing Crises Go Hand in Hand”
The ‘Planning for the Future’ white paper released by the Ministry of Housing, Communities, and Local Government (MHCLG) on August 6th has been met by a powerful wave of opposition, not only from critics of Boris Johnson’s policies but also from the PM’s own Conservative allies.
Housing Market During Lockdown