In the news this morning, fears about the housing market are proving wide of the mark, with mortgage lending figures for last month the highest for any August in nine years. A separate analysis of mortgage approvals shows a first-time buyer in London is likely to be several years older than the average for the country, and seven years older than in Carlisle. A court ruling means many people listing their flats on Airbnb are likely to be in breach of private residence only clauses in their leases.
Strong August mortgage lending figures (The Guardian/FREE)
Mortgage lending figures from the Council of Mortgage Lenders last month were the highest for any August since 2007.
Airbnb listings may breach private residence clause (The Times/£)
Homeowners renting out their flats on Airbnb and similar websites are likely to be in breach of the law, the Upper Tribunal’s Land Chamber has ruled.
First-time buyers are older in London (The Guardian/FREE)
First-time buyers looking for a home in parts of southeast England are having to wait on average seven years longer than in other parts of the country, analysis of mortgage approval figures by Halifax show.
House price growth slows sharply in Cambridge (The Times/£)
An analysis of house price growth in the 20 largest UK cities shows Cambridge registered the sharpest slowdown in growth, to 6% in August from 16% in March.
New review into Thames garden bridge (The Times/£)
London mayor Sadiq Khan has ordered a new review of the Thames garden bridge project.
BoE warns on elevated risks (The Independent/FREE)
While markets are now calmer than they were in the immediate aftermath of the Brexit vote, elevated risks remain, the Bank of England’s financial policy committee said.
Lloyd’s of London may open EU subsidiary (FT/£)
Lloyd’s of London is working on contingency plans to ensure it can continue its activities in the European Union once article 50 is triggered.
No need for another BoE rate cut (The Guardian/FREE)
A further interest rate cut may not be necessary to support the economy, says Kristin Forbes, a member of the Bank of England’s monetary policy committee.
