The One Thing Holding Back Heat Pumps

[ So the demand is there, as is growing support from the federal and state governments. What’s lagging is the workforce—at least temporarily. And the US is nowhere near alone: Wherever heat pump adoption is growing, more workers need to train up to meet demand. “If you look at a place like, say, Finland, where … Read more

I’ve held off fixing my mortgage

[ Is the mortgage market turbulence getting you down? Have you got a mortgage-related question you need answering? Email in and we’ll get one of our experts to reply. Nick Mendes, mortgage technical manager at John Charcol, has given his advice to a reader below. If you have a question for our experts, email us at [email protected]. Question: My 2-year … Read more

Areas with high numbers of renters worst hit by cost-of-living crisis

[ Areas of the UK with high numbers of renters are seeing their financial situations worsen while those in areas of high homeownership are seeing their finances improve, according to analysis. Urban areas with a large proportion of tenants saw big increases in defaults on borrowing, higher benefits use, and a growing number of people … Read more

Court grants DOJ authority to reopen Realtors probe

[ An appeals court granted the Department of Justice (DOJ) authority to reopen an antitrust probe into the National Association of Realtors (NAR) Friday. In a 2-1 decision, a District of Columbia Circuit Court of Appeals panel of judges reversed a lower court decision to “set aside” a 2021 investigative subpoena from the Antitrust Division … Read more

Homebuyers put off by political uncertainty and high interest rates

[ Potential homebuyers are being put off by a perfect storm of political and economic uncertainty alongside high interest rates, according to one of the nation’s major housebuilders. FTSE 100-listed Berkeley Group said sales were a third lower than the same time in its previous financial year. The firm blamed the nervousness among buyers on … Read more

Mortgage deals increase by hundreds of pounds a year as lenders pull cheaper rates

[ Lenders are pulling mortgage rates at the quickest rate for six months, with customers facing costs totalling hundreds of pounds per year more a result. The average shelf-life of a mortgage has nearly halved since the start of February, according to data from Moneyfacts, with the average deal on the market for only 15 … Read more

Sub-1% mortgage launched for new-build homebuyers – but here’s the catch

[ A new mortgage for buyers purchasing new-build properties will offer rates of below one per cent – however, there are several important factors those considering the product need to be aware of. Own New’s rate reducer mortgage will launch from next week for customers buying houses from Barratt Developments, with further homebuilders joining from … Read more

The 8 times Tories tried to ban phones in schools before, and why it didn’t work

[ Education Secretary Gillian Keegan has announced plans to ban mobile phones in English schools, but this is not the first time that such a measure has been proposed. The Conservative Party has backed calls for the classroom ban at least seven times before, and has also previously indicated on two occasions that such a … Read more

New rules on how to ban mobile phones at school given to teachers in England

[ The rules for how to enforce a proposed ban on mobile phones in schools has been issued to headteachers, including the power to search pupils and their bags for devices. The Department for Education said the new guidance would ensure consistency in classrooms across England. Education Secretary Gillian Keegan, who originally pledged to bring … Read more

Gateway to Dream Properties Across India

[ Housing.com, the country’s leading PropTech firm, proudly announces the launch of its highly anticipated annual online property event, Happy New Homes 2024. Set to run virtually from February 15 to March 31, this edition promises to be the most expansive yet, with participation from leading developers across 27 cities in India.   … Read more