Communities and Local Government will reveal before 21 July which of its programmes’ budgets are to be cut to help fund the £1.5 billion housing package, and has suggested the Homes and Communities Agency may bear the brunt. Director-general of housing and planning at the department has insisted that
Nationwide building society has joined Abbey National in raising the price of its fixed-price mortgages. Increasing two- and three-year fixed rate deals by 0.3 per cent, while demanding a minimum of at least a 10 per cent deposit, Nationwide blamed the rising cost of inter-bank lending for the rises.
The proportion of first-time buyers entering the housing market increased for the third month in a row in November, according to the National Association of Estate Agents (NAEA). Figures indicate that 10.4 per cent of all properties sold during the month were bought by first-time buyers, up from 8.3
UK household income has doubled in real terms during the past 50 years, and our spending patterns have changed. In 2013, basic necessities including food, accounted for a smaller proportion of the household budget, while more was spent on housing, leisure activities, travel and cars. In 1957 three items
Mental health charities warn that banks provide little support for customers with mental health issues, and in some cases exacerbate their conditions by treating debtors insensitively and selling them unsuitable products. A government thinktank Foresight suggests that debt collection agencies often ‘deliberately produce fear, anxiety and mental stress’ for