Following news that inflation fell to 4.6% in October, some brokers have said mortgage rates could start with a three before the year is out, while others agree the 4%…

Could we see sub 4% mortgages before the year is out?

Housebuilder anticipates market conditions to remain highly uncertain in 2024

Persimmon to build more homes despite difficult Q3

The typical home now costs £281,974, up around £3,000 on the previous month.

House prices rise by 1.1% in October – Halifax

The Chair invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.25 per cent.

‘Music to ears’ warning issued to anbody with Lloyds, HSBC, Natwest mortgage

Grocery sales at Sainsburys were up 10.1% in the 28 weeks ending 16 September 2023, but general merchandise and clothing had taken a hit due to “tough weather” and a “promotionally-driven market”. The supermarket said it has gained volume from all of its grocery competitors, and looks to build on it…

Sainsbury’s clothing sales down 8.4% as supermarket puts “food firmly back at the heart” - Internet Retailing

Housing market more resilient than feared despite the impact of 14 interest rate hikes

House prices surprise with 0.9% increase in October says Nationwide

House prices in the UK were averaging £294,000 in December 2022, a figure significantly higher than today’s valuations.

House price crash: UK market ‘extremely weak’ as prices drop by £35k on average

Rate Rise Rumours - latest inflation data may trigger new hike

Ahead of Tuesday’s labour market and Wednesday’s crucial inflation data, experts speaking to free UK news agency, Newspage, have said the Holy Grail this week for the mortgage and property market will be lower wage growth and another meaningful reduction in inflation.

Lower wage growth and inflation this week will be “Holy Grail” for mortgage and property market

FTSE 100 Live: GDP grew 0.2% in August, easyjet resumes divi, Apollo buys Wagamama

The latest inflation data will “signal” to the Bank of England to hold interest rates at their current level and “kickstart the property market”, according to one broker.

Latest inflation data is ‘signal’ to hold interest rates

In addition, the housebuilder’s adjusted profit before tax was also down, falling by 16.2% to £884.3m.

Barratt Developments sees annual completions fall by 3.9%

Nationwide figures show 5.3 per cent fall compared to August last year

UK house prices drop at fastest rate in 14 years

The UK’s employment rate for April to June 2023 was estimated at 75.7%, a decline of 0.1 percentage points from the first quarter of the year, according to newly released data.

UK employment rate drops slightly as unemployment rises to 4.2% in second quarter of 2023, ONS

Pay grew at the fastest rate since records began during the second quarter, new figures show.

UK wages rise at record-breaking levels in major new boost for British economy

Experts are warning that the weekend’s better than expected economic news could indirectly hurt the housing market.

Good economic news could be bad for housing market - warning

Wall Street expected to open flat after overnight rally fades

European and Asian stocks slip as China slowdown fears grow

Persimmon saw housing completions fall by 36% in the first half of this year. The company’s H1 results, published today, reveal it sold 4,429 houses up to June 30, down from 6,652 during the same period in 2022. Revenue in H1 fell by 30% compared to the first six months of last year, while pre-tax p…

Persimmon see housing completions fall by 36%

Reduced volumes negatively affects company’s operating margins

Persimmon’s profits fall along with new home completions

Alarm bells are ringing in the new build sales sector after figures have been released by a major house builder.

Bleak outlook for new builds after report of 40 per cent sales slump

Mortgage balances stable at £57.5 billion

Virgin Money delivers solid Q3 2023 performance

House prices in the UK have fallen at their fastest rate since July 2009, according to Nationwide’s latest house price index.

House prices fall at fastest rate in 14 years

“Write the housing market off at your peril,” one estate agent said

Rise in mortgage approvals offers hope for housing

The latest HMRC data on residential and non-residential property transactions in the UK for June 2023 shows a mixed picture of declining yearly growth but an increase in monthly activity.

Property transactions dip year-on-year but show monthly recovery in June, HMRC

What does the latest inflation data mean for the market?

The core rate of inflation fell by 0.2% to 6.9%.

Inflation falls to 7.9% in June

The annual drop of 2.6% in June is the largest year-on-year decrease since June 2011, Halifax said.

House prices fall at fastest annual rate in 12 years

Costs of toilet paper and chicken are down

Sainsbury profits could hit £700m, but it insists food costs are falling

Brokers have reacted to the latest inflation data

Inflation rise is a “disaster for the market”

Meanwhile, the core inflation rate, which excludes volatile elements like energy and food costs, reached its highest level since 1992.

UK inflation rate stands at 8.7%, highest since 1981

A new survey of 2000 people, conducted by investment comparison site Investing Reviews, has revealed that 42% of Brits would prefer to leave the UK and live

“Geographic arbitrage increasingly common” as Brits plan to spend time abroad to reduce energy bills and cost of living

Many in the financial services industry are bracing themselves for the fallout from another interest rate hike.

“If rates are raised further on Thursday, the future is bleak”

Property prices fell year-on-year for first time since 2012 in May

UK house price drop – reaction pours in

U.S. tech giant Meta has been fined a record-breaking €1.2 billion ($1.3 billion) by European Union regulators for violating EU privacy laws by transferring the personal data of Facebook users to servers in the United States.

EU hits Meta with $1.3bn fine: Views of tech and investment experts

VIEWERS are flocking to ITV’s free streaming service for exclusive shows such as Nolly and The Twelve, helping to offset a plunge in traditional advertising revenues.

Ads slump at ITV but Love Island and Rugby should boost revenues

The typical property value fell by £995 month-on-month and some further downward pressure on house prices should be expected this year, Halifax said.

Average UK house price fell by about £1,000 month-on-month in April – Halifax

UK housebuilder Taylor Wimpey reveals that its net private sales rate for the year to 23 April was 0.75, versus 0.97 a year earlier, with a cancellation ra

Taylor Wimpey expects stronger second half after tough Q1

UK housebuilder Taylor Wimpey reveals that its net private sales rate for the year to 23 April was 0.75, versus 0.97 a year earlier, with a cancellation rate of 15% compared to 14%. In its latest trading statement, Taylor Wimpey also shows that its total order book value stood at £2.38bn, down from…

Taylor Wimpey bullish on year despite weak Q1

AI technology is without doubt the future we are heading towards. However, what that future looks like is still unclear. How will AI be used? Will it repl

Supplement or substitute - How do advisers view ChatGPT’s potential impact on financial services?

A third of investment app users (35%) check their balance every day and nearly one in ten (9%) return multiple times a day[1], reveals research by comparison si

Fatal Apptraction: 1 in 10 investment app users check their balance multiple times a day

Britons fear they will miss out on their Isa goals by the time they hit retirement, research has warned.

Britons could miss Isa goals without advice

About 80 pots were valued at £2m-plus, according to figures obtained from HM Revenue and Customs by InvestingReviews.co.uk.

UK has around 2,000 ‘Isa millionaires’, figures show

With the latest UK inflation data published this morning showing an unexpected jump to 10.4% to the end of February from 10.1% in January, it will not only give

UK Inflation unexpectedly jumps to 10.4% in February - advisers and mortgage experts share their responses

With a third of investment app users (35%) checking their balance every day and nearly half having three or fewer assets in their portfolios, according to a

IFAs say obsessively checking investment apps can be “hazardous to your wealth”

As the driving force behind InvestingReviews, Simon embodies an entrepreneurial spirit that thrives on crafting customer-centric solutions within the financial world. His journey is one powered by a results-driven mindset, with a robust portfolio of successful initiatives that disrupt the investment industry’s status quo.

With InvestingReviews, he has turned a vision into a high-impact reality, providing comprehensive investment insights and guidance that empower decision-makers and everyday investors alike.

has been added

Media Pack / Portfolio

Simon Jones