The number of first-time buyers has dropped to its lowest point in a decade despite a significant rise in the number of affordable homes over the past year, according to figures released by the Halifax. Tighter mortgage lending criteria, recent price rises in some areas and lack of moneyRead More →

A ‘gobsmacking’ weakness in the way banks are regulated led to the financial crisis the Organisation for Economic Cooperation and Development (OECD) has said. The group blasted regulatory financial frameworks as ‘very poor’ saying they not only failed to prevent the financial crisis, but contributed to it. The OECDRead More →

Black and minority ethnic (BME) communities are changing, and housing providers must plan to meet their changing needs, the Race Equality Commission says. Its research predicts a big rise in the BME population, but the economic crisis is making home ownership more difficult to access, increasing interest in socialRead More →

House prices have almost trebled during the Blair decade, according to the FT house price index. The paper also predicts another interest rate rise this year. The Independent reports that more than one in seven people will now struggle to pay their mortgage following last week’s hike inRead More →

Almost a million children are trapped in overcrowded housing, according to a new campaign launched by HHSE today. The total has risen 50,000 to 955,000 in the last three years. The campaign includes a new video and a call to email communities secretary Ruth Kelly to update the currentRead More →

The National Housing Federation (NHF) has welcomed the government’s pre-budget report that money for social houses will be brought forward, but called for the funding rules to be changed immediately. The NHF said that unless money is used to pay builders of new social homes higher grant rates, theRead More →