Mini-Budget aftermath: mortgages vanish and yields spike
Fintech firm Twenty7tec tracks the number of mortgages available in the UK and had been recording a steady decline in the options offered to borrowers over the past six months.
Lem is editor of Property Week.
5 October 22
Fintech firm Twenty7tec tracks the number of mortgages available in the UK and had been recording a steady decline in the options offered to borrowers over the past six months.
29 September 22
During the economic crisis of 1964, prime minister Harold Wilson memorably remarked that a week is a long time in politics. In the economic crisis of 2022, we could perhaps update the saying – a weekend is plenty long enough to machine-gun yourself in the foot.
28 September 22
Country house and north London apartment block with development potential are star lots in bumper line-up
23 September 22
As I write, the government’s emergency “fiscal event” to get the nation through the winter has not yet been formally announced, but the details have been leaking out via the newspapers as readily as heat seeps out of an EPC ‘G’-rated property.
22 September 22
Firm says high sales rate shows there is still keen interest in UK property from domestic and international bidders.
16 September 22
A frequent observation of the past week has been that the Queen’s death came as a shock. Despite her advanced age and obvious frailty when appointing Liz Truss as PM, none of us expected a gentle handshake in Balmoral to be her last official act.
15 September 22
On 7 February, the Cabinet Office began collecting statistics on how many civil servants were at work in 19 key central London buildings. Almost all the departments covered have seen a steady resumption of office-based working.
14 September 22
The auction house showcases its biggest catalogue of the year so far, with three £1m-plus lots up for grabs
14 September 22
A retail property in Crawley, West Sussex, tops a 48-lot catalogue issued by Acuitus ahead of its 22 September sale.
9 September 22
It will take a while for the dust to settle, now that we have a new prime minister in Liz Truss, a new chancellor in Kwasi Kwarteng and a new levelling-up and housing secretary in Simon Clarke.