Buying a house in the UK is not “that difficult”, according to banker Sir Howard Davies, who is paid £763.000 a year by NatWest.
His remarks in a BBC interview have caused outrage, especially among the ‘generation rent’ who are struggling to save for a deposit while rental prices reach record highs and the cost of living crises continues.
This week, the average two-year fixed rate is 5.83%, while a five-year deal was 5.43%, according to Moneyfacts.
He Halifax Mortgages say mortgage rates are easing and buyers' confidence could increase in the coming months.
They added that house prices rose for the third month in a row to average £287,105 in December, but it forecast a fall this year with buyers perhaps becoming more cautious due to economic uncertainty. Their data shows annual rise of 1.7% in 2003 and 1.1% month-on-month rise in December.
Halifax is the UK's biggest mortgage lender, but its own lending figures only take into account buyers with mortgages - about two-thirds of all sales - and do not include those who purchase homes with cash or buy-to-let deals.
Figures from the Bank of England published on Thursday showed the number of mortgage approvals rose slightly in November.
Many sellers have had their properties o the market for as long as two years and not sold despite dropping the asking price.
Earnings and cash saving are falling behind values of assets, such as stocks and shares, gold and silver and property prices rises.
Inflation is eating away at your savings and cash.
Chinese shadow bank files for $63 billion bankruptcy.
Where to find me:
Money Tips website: https://moneytipsdaily.com/
YouTube Channel: https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg
Money Tips Facebook Community: https://www.facebook.com/groups/No1businessopportunities
LinkedIn: www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2
See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA
What’s in Store in 2024? Stock Markets, Property and Gold
Watch full video on Money Tips Podcast YouTube Channel https://youtu.be/difmr0fp5-Q
For a free gold, investment report, and Discovery Call, click here.
7 Things To Make 2024 Your Best Year Ever - Watch video version at Charles Kelly Money Tips Podcast: https://youtu.be/8oZ30NHVAr8
Join me online on my free live money management training Wednesday at 8.00PM.
Places are limited, so register now below to avoid disappointment.
https://bit.ly/3QPp8IH
Wishing you a prosperous New Year.
#money #gold #silver #inflation #natwest #propertyprices #rent #generationrent #investing
Do You Ever Wonder Why You Never Have Enough Money? If so, Listen up!
What Triggers Us To Buy Brands And Products?
What Triggers Us To Buy Brands And Products?
Mortgage & Property Update Money Tips Podcast
Mortgage & Property Update Money Tips Podcast
Is Your Money Safe In The UK Metro Or Any Bank? It Depends…
Is Your Money Safe In The UK Metro Or Any Bank?
Door Number 13 Can Knock £5,000 Off The Value Of Your Property, Say Rightmove
Door Number 13 Can Knock £5,000 Off The Value Of Your Property, Say Rightmove
What is the UK Pensions Triple Lock?
What is the UK Pensions Triple Lock?
Opportunities For Landlords As Mortgage Interest Rates Fall
Opportunities For Landlords As Mortgage Interest Rates Fall
Turn Your Home Into Your Pension - Equity Release Mortgages Explained
Turn Your Home Into Your Pension - Equity Release Mortgages Explained
New free legal advice for tenants to block section 21 evictions
New free legal advice for tenants to block section 21 evictions
NEW THREAT To Landlords And Employers As Home Office Tripple Fines For Supporting Illegal Immigrants
NEW THREAT To Landlords And Employers As Home Office Tripple Fines For Supporting Illegal Immigrants
Do This And Everything Will Change For You
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money