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 20,000
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) is
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 to
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 for
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.
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 the