The fall in house prices continued in January – down 1.3 per cent for the month – taking the annual fall to 16.6 per cent. The year of year figure is an increase from the 15.9 per cent drop in December 2014, however, January’s drop is smaller than DecemberRead More →
Britain’s oldest building society is to be taken over by the much larger Skipton Building Society. The Chesham, which was founded in 1845, said that it had been badly squeezed by economic and interest rate conditions and was loss-making at the operating level last year. The society boasts 20,000Read More →
Yvette Cooper’s speech at the Fabian Society named climate change and political opposition to new building as the government’s two main housing challenges. HHSE Cymru’s 2014 Annual Conference, ‘People and Homes’ will take place between June 28th and 29th The Royal Institution of Chartered Surveyors (RICS) isRead More →
The decline in property values and a drop in sterling has sent London tumbling down the list of the world’s most expensive cities for expatriates, according to the Mercer survey. London came third out of 143 cities in the poll last year, but has dropped to the sixteenth mostRead More →
Housing minister John Healey has announced a boost to house building in England, by confirming nearly £500million funding to build around 8,000 affordable homes across the country. This takes total government funding for house building to £3.5 billion since June. Over 3,000 of these new homes are expected toRead More →
The Royal Bank of Scotland and Lloyds TSB, the two banks bailed out by the government, will add between £1 trillion and £1.5 trillion to the public debt – the equivalent of between 70 and 100 per cent of gross domestic product, the Office of National Statistics (ONS) hasRead More →
The (RLA) is warning buy-to-let investors that lenders may try to change their borrowing rates as property values fall. The RLA says some mortgage agreements allow lenders to alter their rates if the loan to value (LTV) changes significantly. Alan Ward of the RLA said lenders may look forRead More →
Despite yesterday’s decision by the Bank of England’s to cut the base rate, many people will still be hit by higher mortgage costs after several lenders raised their charges last night. Nationwide, Royal Bank of Scotland, Alliance & Leicester and Britannia Building Society all raised their fixed rate deals.Read More →
The government has confirmed that Northern Rock will revive its mortgage lending, with new loans worth up to £14 billion becoming available by 2011. The loans will be financed by money from new deposits, repayments of existing loans, and more government money, as part of a wider move toRead More →
For the first time in nearly 20 years English local councils are to begin constructing homes, following last week’s announcement by John Healey allowing town halls to retain rent from council housing and receipts from the right-to-buy scheme. Analysts predict that nearly 140,000 homes will be built in theRead More →