The Financial Conduct Authority (FCA) has issued a damning verdict of the state about the mortgage lending industry. They focused on how mortgage firms have reacted to strict new criteria brought in to curb irresponsible lending following the financial crisis of 2008.
20th of May 2016UK Home Improvement Market
A recent report from HM Revenue& Customs revealed some startling facts about the financial state of the UK residential property market and the domination of the market by a small number of large companies. These findings provide an insight into the future of the industry and the direction it could go in the next few years.
14th of May 2016UK Home Improvement Market
It is the worst nightmare for anyone doing business in the UK. The potential for Britain to leave the European Union (EU), known as ‘Brexit’, could set the construction and home improvement industries back by almost ten years. After recovering to pre-crisis levels, Britain leaving the EU could cause mass financial collapse.
9th of April 2016UK Home Improvement Market
Mark Carney, the governor of the Bank of England, has recently warned that the average level of UK household debt could indicate an economic catastrophe if this is allowed to continue. He did not specify what level of UK household debt was considered dangerous, but he urged concern in regards to the rising levels.
9th of March 2016UK Home Improvement Market