A surge in demand caused by the credit crisis has meant that a £200 million government scheme to help first-time buyers on to the housing ladder has fully allocated its cash for the financial year. The Open Market HomeBuy scheme which offered loans to first-time buyers to buy onRead More →

Alistair Darling is under pressure to revive the house market by bringing forward a new funding scheme. Under influence from the Council of Mortgage Lenders, the chancellor is considering extending the Bank of England scheme to exchange mortgage-backed securities for government bonds. The move is aimed at boosting theRead More →

People who live in the suburbs are eight times more likely to live in their dream home than those who live in the countryside, a survey from Legal & General has found. Around 34 per cent of people who live in suburbia have their ‘ideal’ property, compared to 4Read More →

A report looking at how asbestos is managed and removed from people’s homes has revealed major differences in how local authorities and registered social landlords notify tenants of the likely risks. The report, from construction union UCATT, recommends that all social landlords maintain an asbestos register of properties, andRead More →

The Bank of England slashed interest rates by 1.5 percentage points to 3 per cent yesterday, their lowest level in more than 50 years, as the International Monetary Fund forecast that the UK would be the world’s worst-performing major advanced economy next year. Britain’s economy will shrink by 1.3Read More →