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The value of new mortgage commitments made during Q3 2022 was £87.8bn, shows new Bank of England (BoE) data – a 4.5% jump on the previous quarter and the highest value seen since Q3 2007. At the same time, the outstanding value on all residential mortgages grew from £1.65tn to £1.67tn. The BoE’s latest report, its
The Income Protection Awareness Week (IPAW) has provided advisers with the roadmap to increase their income protection sales by outlining the steps they can take to do so.
The number of new homes built fell 11% in 2020-21, according to Government figures - but new construction starts jumped 15% in the second quarter of this year.
The number of dwellings where building work started on site was 51,730 between 1 April and 30 June this year, according to the latest figures from the Department for Levelling Up, Housing & Communities. The latest figure represents a 21% increase compared to the previous quarter and a 15% increase compared to the
On the face of it, the housing market looks more daunting than ever for first-time buyers (FTBs). Prices have risen strongly in recent years — far faster than average wages have — creating affordability issues for all buyers but particularly those trying to get on the first rung of the ladder, who don’t have a