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A U.K. house-price gauge rose to the highest in almost three years last month as government measures to support the housing market spurred demand, the Royal Institution of Chartered Surveyors said.
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U.K. landlords would be fined thousands of pounds if they fail to check the visa status of their tenants to ensure they’re legally in the country, under planned legislation as the government tries to win back voters.
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The U.K. financial regulator backed off warnings that interest-only mortgages were a “ticking time bomb,” saying most borrowers can repay the loans.
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Record unemployment in the Netherlands is compounding Prime Minister Mark Rutte’s dilemma on how far to push austerity measures needed to curb the country’s deficit.
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U.K. home sellers raised asking prices in April for a fourth consecutive month amid a shortage of properties for sale, according to Rightmove Plc.
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U.S. private-equity investors Wilbur Ross and J. Christopher Flowers, who’ve made billions of dollars turning around industries from steel mills to Japanese banks, are lining up to finance British homebuyers as the country’s biggest banks pull back.
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Mortgages that helped fuel speculation during the U.K.’s housing boom by turning homeowners into aspiring property moguls are making a comeback.
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U.K. Chancellor of the Exchequer George Osborne is taking a leaf from the U.S. playbook in expanding government help to homebuyers to stoke the country’s sagging recovery.
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U.K. home prices are rising. Or they’re falling. It depends whom you ask.
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U.K. mortgage approvals rose in May as the Bank of England kept its 200 billion-pound ($297 billion) bond stimulus in place to help stoke lending in the economy, preliminary data from the bank showed.
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