AT THE SAME TIME as the government was relaunching its flagship scheme to help key workers on to the housing ladder (see yesterday), a leading specialist lender was releasing research that shows a major reason why they need it. Paragon Mortgages told the Daily Mail that booming house pricesRead More →

Homebuyers will be prevented from borrowing more than three times their annual salaries under new mortgage rules to be announced this week. As part of a package of banking regulations, 100 per cent mortgages will also be banned. Prospective homeowners will have to provide a deposit of at leastRead More →

The latest government figures have revealed an increase in the use of brownfield land during 2015. London has the greatest proportion of dwellings built on previously developed land, while East Midlands has the smallest. Across the country 78 per cent of dwellings were built on previously used land, upRead More →

Community Legal Advice (CLA) has created a film outlining the rights of private tenants who are facing eviction, having problems paying rent or getting their deposit back. The film has been shot in British Sign Language, as CLA has found deaf people suffer disproportionately with legal problems, however thereRead More →

The Mirror reports on the scandal of ‘buy to leave’ – rented property left empty by speculators – and quotes Yvette Cooper calling for action by local authorities. Lenders are withdrawing their fixed rate mortgages ahead of an expected rate rise, reports the Guardian. Is a property crashRead More →

The Local Government Association claims that, in the next two years, a million more people will be on the waiting list for social housing. About four million are already waiting for a council or housing association home, and the LGA says that the high cost of house buying, aRead More →

The Liberal Democrats launched plans today to increase the supply of social housing, stem the number of repossessions, and rescue the construction industry. They want to introduce a ‘repair and renewal’ loan scheme for owners of empty properties if they agree to lease them for at least five yearsRead More →

A Treasury report looking at ways of reviving the mortgage market and headed by Sir James Crosby, has been released today. The report warns there is no quick fix and predicts that the shortage of mortgage finance will continue throughout this year and into 2017. It suggests ways ofRead More →