Financial news

• PROPERTY WARNING: Huge signs of house price CRASH as buyer numbers plunge

  12-05-2016 18:41 via feedproxy.google.com
  
  BUYER demand for homes has dropped for the first time in more than a year, in yet another sign the housing market is heading for a severe crash.
  
  Read more

• Mind the gap: former service road in west London sold for £400,000

  12-05-2016 17:24
  
  Site between Victorian houses has planning permission for a three-bedroom family home
  There’s a gap in the market for small plots of land to build on in London, so it’s perhaps no surprise that there were eight bidders for a site with planning permission in Shepherd’s Bush, west London.Once a service road between two Victorian houses, the triangular plot has planning permission for a 13 foot-wide three-bedroom home and is about to change hands for £400,000. Continue readi
  
  Read more

• Four parking spaces in St Ives on market for total of £150,000

  12-05-2016 17:08
  
  Estate agent in popular Cornish town is confident all the spaces will be snapped up for the asking priceFour parking spaces in the picturesque Cornish harbour town of St Ives have been put on the market for a total of £150,000.Though each of the four spots is only big enough for a single vehicle, one has already been snapped up and the estate agent is confident all will go for the asking price.Continue reading...
  
  Read more

• Wimbledon debentures and Tesla cars: are they worth it?

  12-05-2016 16:25
  
  Also, the London penthouse with a retractable glass ceiling and toll trouble in Dartford
  Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Continue reading...
  
  Read more

• Advertisement

• Do you live in a town with a second home problem?

  12-05-2016 16:00
  
  We want to hear from you if you live in a town where second home ownership is having a negative impact on the community
  The people of St Ives, Cornwall, voted last week by a majority of four to one for measures to protect full time residents from the impact absent second home owners are having on their community. Related: St Ives backs residents-only home ownership plan in referendumContinue reading...
  
  Read more

• CHINA ON BRINK: Economy misses vital trading targets at critical time

  12-05-2016 15:06 via feedproxy.google.com
  
  CHINA’S slowing economy and huge debts are a market disaster waiting to happen after another disastrous month for the nation.
  
  Read more

• Fury at Bank of England as Mark Carney warns Brexit could lead to RECESSION

  12-05-2016 13:38 via feedproxy.google.com
  
  THE Bank of England has warned of lower economic growth and higher unemployment, and even a recession, if Britain votes to leave the European Union next month.
  
  Read more

• Tenant evictions up in England and Wales

  12-05-2016 13:29
  
  But homeowner repossessions fell to record low in first quarter of 2016The number of households evicted from rental accommodation in England and Wales rose by 5% in the first three months of the year, while the repossession rate for homeowners fell to a record low.Seasonally adjusted figures from the Ministry of Justice (MoJ) show there were 10,732 repossessions of rented homes by bailiffs between January and March, up from 10,253 in the final three months of 2015. The number was, however, down
  
  Read more

• Advertisement

• Planning to flee Donald Trump's America? It might not be that easy

  12-05-2016 12:00
  
  Many US citizens have threatened to leave the country pending the results of the presidential election – but be careful what you wish for“If Donald Trump wins in November, I’m moving to Canada!” Now that Trump has become the Republican party’s presumptive nominee in this autumn’s presidential contest, the phrase is an increasingly common refrain.But how easy would it be to dump Trump for Justin Trudeau or another more attractive leader? The answer is not very,
  
  Read more

• Virgin’s fare fight with FirstGroup: Collision course after rail service green light

  12-05-2016 10:35 via feedproxy.google.com
  
  FIRSTGROUP is on a collision course with Virgin Trains after being given the green light to run a rival rail service between London and Edinburgh.
  
  Read more

• The smartphone app revolutionising foreign currency exchange

  12-05-2016 09:16
  
  Revolut was founded by friends Nikolay Storonsky and Vladyslav Yatsenko to allow travellers to spend in over 90 currencies at the best exchange rateSpending abroad has traditionally been a minefield of hidden and confusing charges. But following the fintech revolution, where technology startups have disrupted sectors such as mobile payments and money transfers, there is a raft of young firms offering alternatives to established services. Continue reading...
  
  Read more

• Yorkshire Building Society launches cheapest two-year fixed-rate mortgage

  12-05-2016 08:01
  
  Borrowers with 35% deposit will be offered the lowest rate on the market of 1.17%, potentially sparking a price war as lenders compete for business
  Another mortgage price war could be on the cards after Yorkshire Building Society launched a two-year fixed-rate deal with an interest rate of just 1.17%.The society will offer borrowers with a 35% deposit the cheapest rate on the market, subject to a £1,345 product fee. The price cut follows a small increase in the cost of short-term fixed-rat
  
  Read more

• Will higher rate stamp duty apply if my ex wants to buy me out?

  12-05-2016 08:00
  
  Confusion over new rules and how they apply to purchasing full stake in part-owned property is affecting my chances of buying a place of my ownQ: I desperately need some advice on the new stamp duty rules. My boyfriend and I split up last year but we own a property together, bought in 2010, which is our primary residence. He has a buy-to-let property which is nothing to do with me (and neither of us have lived there) that he’s owned for 10 years, bought with inheritance from his grandparen
  
  Read more

• Barclays to launche contactless payment app for Android

  12-05-2016 08:00
  
  Bank’s payment system, expected to start in June, is a direct rival to Google’s Android Pay and arrives 12 months after Apple PayBarclays is launching the UK’s first Android contactless payment service, which will allow customers to use their smartphone to “wave and pay” in shops, restaurants and across the London transport network.Hot on the heels of Apple Pay, and offered as a direct rival to Google’s Android Pay which launches in the UK this year, Barclays&
  
  Read more

• ANOTHER REASON TO LEAVE: Weekly shop will FALL by £40 under Brexit, finds top economist

  12-05-2016 07:01 via feedproxy.google.com
  
  FAMILIES would see the cost of living plunge if Britain were to vote out of Europe in next month's EU referendum, according to one of the country's top economist.
  
  Read more

• Average price of London home almost doubles to £600,625 since 2009

  12-05-2016 01:12
  
  Biggest increase in Waltham Forest, east London, where house prices have skyrocketed by 113% over seven yearsThe average price of a home in London has broken through the £600,000 barrier, and has almost doubled since 2009, according to figures from a leading property firm.LSL, which owns Your Move and Reeds Rains estate agents, said house prices across England and Wales had risen by 8.9% since April 2015 to an average of £298,030 in March.Continue reading...
  
  Read more

Follow @financialnwsUK on Twitter!