Author: Perry
Santander UK has seen a 130% increase in mortgage applications in Q4 2024 compared to the year before, as buyers rush to complete purchases during the stamp duty holiday. From 1 April, the stamp duty nil-rate threshold for first-time buyers will drop from £425,000 to £300,000, while for other buyer types it will fall from £250,000 to £125,000. All other buyer types will pay 2% on the amount between £125,000 and £250,000 – a potential extra cost of up to £2,500. It typically takes four months from mortgage offer to completion, the bank said. Graham Sellar, head of intermediary channel…
Dallas Tanner, Invitation Homes CEO, joins ‘Closing Bell: Overtime’ to discuss the rising rate environment and its impact on the housing market For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter:…
Benchmark initiates coverage of Tesla with a buy rating and $475 price target. Source link
Travelers’ CFO said the outbreak of wildfires were “a big event” for the insurance industry. Source link
The British Property Federation (BPF) has urged Chancellor Rachel Reeves to better fund planning departments to improve the speed of UK housebuilding. Currently planning departments are seen as a bottleneck when it comes to producing new housing supply, while the BPF also pointed the finger at an inefficient development approval system. The organisation said there’s a need for 300 planners, adding that planning departments should be able to fully recover their development control costs, and income should be ring-fenced to protect the service. Melanie Leech, chief executive, British Property Federation, said: “The government’s reforms to the planning system will not…
FBI investigating fiery vehicle explosion at U.S.-Canada border; Record number of passengers flying this Thanksgiving; … source
Many bosses doubt that the upcoming election will change that Source link
President Trump’s tariff plan is seen as leveling the playing field for domestic producers. Source link
Short interest in Ethereum has skyrocketed by 500% since Nov. 2024, raising questions about whether a looming short squeeze could close the widening performance gap with Bitcoin, despite regulatory support. In the past week, short interest in Ethereum has surged by an eye-watering 40%, bringing the total increase to a staggering 500% since November 2024, according to The Kobeissi Letter, an industry leading commentary on the global capital markets. What is happening with Ethereum?Short positioning in Ethereum is now up +40% in ONE WEEK and +500% since November 2024.Never in history have Wall Street hedge funds been so short of…
Private landlords need to bring the Energy Performance Certificate levels of their properties to at least C by 2030, up from E. The government claimed it would cost landlords between £6,100 and £6,800 to upgrade their properties. EPC targets are nothing new, as the Conservatives had a target of C by 2025 which was ultimately scrapped as the date got closer. Rob Wall, assistant director, British Property Federation, said: “We welcome the opportunity to work with government on the scope, detail, and implementation of the minimum energy efficiency standards (MEES) in the domestic sector. “We fully support the drive to…