LONDON Britain's vote to leave the European Union will have a negative impact on both prices and turnover in the UK housing market, with foreign investors set to benefit most from bargains among sterling-priced assets, a Reuters poll found.
LONDON The number of mortgages approved by British banks fell to its lowest in a year in the month following Britain's vote to leave the European Union, but robust credit growth added to signs that the decision has had little impact on consumers so far.
LONDON HSBC said it would pass on a 25 basis point cut in the Bank of England base rate to its tracker mortgage borrowers from Friday, and extend savings to standard variable rate mortgage borrowers from Sept. 1.
LONDON British house prices fell in July, reversing gains seen the month before, but it is too soon to tell if Britain's vote to leave the European Union will have a major impact, mortgage lender Halifax said on Friday.
LONDON Britain's vote to quit the European Union helped push down house prices in London's most expensive areas at their fastest rate in nearly seven years, accelerating a downward trend caused by increases in property taxes, a consultancy said on Wednesday.
LONDON Britain's construction industry suffered its sharpest downturn in seven years last month, according to a business survey on Tuesday, the latest to suggest the economy is at risk of recession after June's Brexit vote.
LONDON - British mortgage approvals dipped to the lowest level since May 2015 in the weeks around last month's vote to leave the European Union, but lending to consumers expanded at the fastest pace in almost 11 years.
LONDON The number of new homes registered for construction in Britain rose in the second quarter to its highest since the financial crisis as building plans picked up before the EU referendum, an industry group said on Friday.
LONDON British asset manager Kames Capital has begun to see inflows into its UK Property Income Fund as concerns ebb about the outlook for commercial property prices after Britain's vote to leave the European Union.
LONDON, July 26 British banks approved the fewest mortgages for house purchase since March 2015 last month and also cut lending to businesses, as nerves weighed in the run-up to June 23's referendum on European Union membership.