Other Finance News

Financial Sector Contributes Record-High £76bn in Tax in 2020

The overwhelming majority of sectors experienced catastrophic losses last year, due to the COVID-19 crisis and the effects of lockdown. The UK’s financial sector was by no means immune to the harms of Coronavirus, which was also predicted to face a monumental downturn in the wake of a turbulent Brexit. […]

Sunak Discusses Plan to Create ‘Generation Buy’, Bucking Prior Trends

For years, the UK has been blighted with the prospect of an entire generation being priced completely out of the property market. An issue in almost all areas of the country, prospective first-time buyers have found it increasingly difficult to qualify for mortgages with excessive initial deposit requirements. This demographic […]

London’s Financial Service Sector Remains in Post-Brexit Limbo

In the weeks since Brexit became a reality, the whole UK economy has been something of a mixed bag. On one hand, predictions of immediate and outright Armageddon for the country’s entire business community turned out to be exaggerated. On the other, there are those who still see a doomsday […]

Tesla’s $1.5 Billion Bitcoin Purchase Continues to Divide Opinion

Tesla has once again been dominating the headlines over the past week, after the company made a historic $1.5 billion Bitcoin purchase. The huge crypto currency investment was not entirely surprising, given CEO Elon Musk’s public praise for Bitcoin for some time now. Many analysts had always seen it as […]

How is a Third National Lockdown Affecting the UK Property Market?

Where the UK’s property market is concerned, there is one major difference between the current lockdown and the lockdown of spring 2020. While there may be major complications with property transactions now, the market is still technically open. This is much different than last year’s initial lockdown, where the market […]

End to Complex Leasehold Costs Promised by the Government

The British government has announced plans to overhaul England’s controversial and highly criticised leasehold system, in order to eliminate the excessive costs homeowners often face when extending a lease. In particular, owners of former council properties who purchased their homes in the 1980s are likely to benefit from the planned […]

Extension on Eviction Bans Confirmed, But What Next?

As part of the UK government’s Coronavirus relief efforts, an extension on bailiff-enforced eviction prohibition was recently confirmed. Having previously been due to expire on January 11, communities secretary Robert Jenrick confirmed that the same legislation would now cover renters until February 21. The extension was announced to safeguard private […]

UK House Prices Now 900% the Average Annual Salary

In what is likely to come as a blow for first-time buyers and a boom for existing homeowners, property prices in the UK are a full 5.4% up over the same period last year. This now puts the average market price for a home in the UK at a record […]

Are COVID House Hunters Bending or Breaking Lockdown Laws?

One of the biggest differences between the current lockdown and the first lockdown last March is that most of the economy has remained up and running. The real estate sector has suffered heavily during the first lockdown, when it was forced to shut down entirely for several months. Today, buying […]

Top 10 Annual Increases in Property Purchase Search Locations Revealed

As predicted, the rural and coastal areas in the UK were the big winners on the 2020 property purchase landscape by a significant margin. That is according to the latest figures from Rightmove, indicating that Bruton in Somerset topped the table as the most searched-for place among people looking to […]

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