Robert Gardner, chief economist at Nationwide, said: “A prospective buyer, earning the average wage and looking to buy the typical first-time buyer property with a 20% deposit, would see monthly mortgage payments account for 43% of their take home pay – assuming a 6% mortgage rate.
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Airline adverts banned over ‘greenwashing’ claims
admin, , Business, 0
Lufthansa responded that the purpose of the ad was to address the need to reduce the impact of flying...
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Firms say fresh wage subsidy may ‘cushion blow’
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Image copyright Getty Images Businesses groups have largely welcomed a new wage support for workers at firms forced to...
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Scrapping of electric car grants sparks backlash
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Transport Minister Trudy Harrison said: ”Having successfully kickstarted the electric car market, we now want to use Plug-in Grants to...
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Ikea aims to launch delayed ‘Buy Back’ scheme in UK
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Ikea deserved credit for innovating in this area said Ms Middlemiss, but offering things like replacement sofa covers, which...
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HSBC joins UK banks in cutting mortgage rates
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HSBC has joined two other major lenders in reducing mortgage rates following hints of a summer base rate cut...
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Love Island stylist curates second-hand wardrobe for show
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ITV’s Love Island returns for a new series on Monday. The show had attracted criticism from sustainability advocates in...
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Renewable energy: Government plan for price cap is risky, firms warn
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A government limit on electricity generated in older renewable and nuclear facilities is expected this week.
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Pound hits highest level against dollar for a year
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The pound hit its highest level against the dollar in a year on Wednesday as investors bet on UK...
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