News

UK house prices fell at their fastest annual pace for nearly 14 years in May, the Nationwide has said. The building society said prices in the year to May dropped by 3.4%, the biggest decline since July 2009.

Reports in national newspapers over the weekend suggested that the Prime Minister Rishi Sunak wants to bring forward some sort of scheme to offer support to renters who want to get onto the housing ladder.

He now joins Watts Commercial Finance to expand their coverage across Scotland, more specifically, Fife and East Scotland. He will oversee a brand new office there to assist with all aspects of commercial funding.

This is largely due to rapid increases in house prices over the last few years coupled with slow wage growth which has caused first-time buyers to turn to family and friends for help with a house deposit.

Newcastle Intermediaries has launched a range of highly competitive 60% and 80% 2-year fixed rate mortgage products for borrowers looking for certainty of rate over the short term.

Airbnb is calling on banks and building societies to update their rigid mortgage policies to allow people to rent out their homes or spare rooms, especially as mortgage costs are rising and people are looking at ways to make extra money by becoming a host or holiday let owner.