Simon Jones's Media Coverage
London Property News
Could we see sub 4% mortgages before the year is out?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%…
Mortgage Professional
Persimmon to build more homes despite difficult Q3Housebuilder anticipates market conditions to remain highly uncertain in 2024
The Intermediary - Latest UK mortgage news
House prices rise by 1.1% in October – HalifaxThe typical home now costs £281,974, up around £3,000 on the previous month.
Birmingham Live
‘Music to ears’ warning issued to anbody with Lloyds, HSBC, Natwest mortgageThe Chair invited the Committee to vote on the proposition that Bank Rate should be maintained at 5.25 per cent.
Internet Retailing
Sainsbury’s clothing sales down 8.4% as supermarket puts “food firmly back at the heart” - Internet RetailingGrocery 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...
Evening Standard
House prices surprise with 0.9% increase in October says NationwideHousing market more resilient than feared despite the impact of 14 interest rate hikes
Express.co.uk
House price crash: UK market ‘extremely weak’ as prices drop by £35k on averageHouse prices in the UK were averaging £294,000 in December 2022, a figure significantly higher than today’s valuations.
Introducer Today
Rate Rise Rumours - latest inflation data may trigger new hikeRate Rise Rumours - latest inflation data may trigger new hike
The Intermediary
Lower wage growth and inflation this week will be “Holy Grail” for mortgage and property marketAhead 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...
FTAdviser
Latest inflation data is ‘signal’ to hold interest ratesThe 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.
The Intermediary
Barratt Developments sees annual completions fall by 3.9%In addition, the housebuilder’s adjusted profit before tax was also down, falling by 16.2% to £884.3m.
The National
UK house prices drop at fastest rate in 14 yearsNationwide figures show 5.3 per cent fall compared to August last year
The Intermediary
UK employment rate drops slightly as unemployment rises to 4.2% in second quarter of 2023, ONSThe 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.
Express.co.uk
UK wages rise at record-breaking levels in major new boost for British economyPay grew at the fastest rate since records began during the second quarter, new figures show.
Estate Agent Today
Good economic news could be bad for housing market - warningExperts are warning that the weekend’s better than expected economic news could indirectly hurt the housing market.
Financial Times
European and Asian stocks slip as China slowdown fears growWall Street expected to open flat after overnight rally fades
Mortgage Strategy
Persimmon see housing completions fall by 36%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...
Mortgage Professional
Persimmon’s profits fall along with new home completionsReduced volumes negatively affects company’s operating margins
Estate Agent Today
Bleak outlook for new builds after report of 40 per cent sales slumpAlarm bells are ringing in the new build sales sector after figures have been released by a major house builder.
Mortgage Professional
Virgin Money delivers solid Q3 2023 performanceMortgage balances stable at £57.5 billion
FTAdviser
House prices fall at fastest rate in 14 yearsHouse prices in the UK have fallen at their fastest rate since July 2009, according to Nationwide’s latest house price index.
Evening Standard
Rise in mortgage approvals offers hope for housing“Write the housing market off at your peril,” one estate agent said
The Intermediary
Property transactions dip year-on-year but show monthly recovery in June, HMRCThe 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.
Mortgage Professional
What does the latest inflation data mean for the market?Brokers react to latest inflation data
The Independent
House prices fall at fastest annual rate in 12 yearsThe annual drop of 2.6% in June is the largest year-on-year decrease since June 2011, Halifax said.
Evening Standard
Sainsbury profits could hit £700m, but it insists food costs are fallingCosts of toilet paper and chicken are down
Evening Standard
Sainsbury profits could hit £700m, but it insists food costs are fallingCosts of toilet paper and chicken are down
Mortgage Professional
Inflation rise is a “disaster for the market”Brokers have reacted to the latest inflation data
The Intermediary
UK inflation rate stands at 8.7%, highest since 1981Meanwhile, the core inflation rate, which excludes volatile elements like energy and food costs, reached its highest level since 1992.
IFA Magazine
“Geographic arbitrage increasingly common” as Brits plan to spend time abroad to reduce energy bills and cost of livingA 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
The Intermediary
“If rates are raised further on Thursday, the future is bleak”Many in the financial services industry are bracing themselves for the fallout from another interest rate hike.
Mortgage Professional
UK house price drop – reaction pours inProperty prices fell year-on-year for first time since 2012 in May
Opalesque
EU hits Meta with $1.3bn fine: Views of tech and investment expertsU.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...
Evening Standard
Ads slump at ITV but Love Island and Rugby should boost revenuesVIEWERS 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.
The Independent
Average UK house price fell by about £1,000 month-on-month in April – HalifaxThe typical property value fell by £995 month-on-month and some further downward pressure on house prices should be expected this year, Halifax said.
Mortgage Finance Gazette
Taylor Wimpey expects stronger second half after tough Q1UK 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
Mortgage Strategy
Taylor Wimpey bullish on year despite weak Q1UK 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...
IFA Magazine
Supplement or substitute - How do advisers view ChatGPT’s potential impact on financial services?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
IFA Magazine
Fatal Apptraction: 1 in 10 investment app users check their balance multiple times a dayA 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
FTAdviser
Britons could miss Isa goals without adviceBritons fear they will miss out on their Isa goals by the time they hit retirement, research has warned.
Yahoo News
UK has around 2,000 ‘Isa millionaires’, figures showAbout 80 pots were valued at £2m-plus, according to figures obtained from HM Revenue and Customs by InvestingReviews.co.uk.
IFA Magazine
UK Inflation unexpectedly jumps to 10.4% in February - advisers and mortgage experts share their responsesWith 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
IFA Magazine
IFAs say obsessively checking investment apps can be “hazardous to your wealth”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