Real estate news

• Building supplier Marshalls to axe further 250 jobs amid UK housebuilding slump

  31-07-2023 14:31
  
  West Yorkshire-based firm warns of ‘markedly lower’ profits with company hit by falling demand for new-build homesUK mortgage approvals rise despite surge in borrowing ratesBusiness live – latest updatesAnalysis – mortgage rates show sign of easingThe building products supplier Marshalls is cutting another 250 jobs and has issued a profits warning in the latest sign of the growing slump in the UK housebuilding market.The group, based in Elland, West Yorkshire, will also c
  
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• UK mortgage approvals rise despite surge in borrowing rates

  31-07-2023 13:04
  
  Surprise jump in demand for home loans as borrowers ‘scramble’ to get ahead of interest rate increasesAnalysis – mortgage rates show sign of easingBusiness live – latest updatesMortgage approvals in the UK rose to their highest level since October 2022 last month amid signs of a scramble to secure home loan deals before an expected surge in interest rates.New data from the Bank of England revealed a surprise increase in demand for mortgages, with the increase from 51,100
  
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