The government wants to introduce a package of measures to help people on lower incomes get on to the housing ladder. It’s reviewing a new national model for shared ownership to make it easier for people to buy more of their own home, including allowing
Homeowners buying a property under Help to Buy are now allowed to take out 35-year mortgages. The government has moved to close what it describes as a loophole, which has seen purchasers using the scheme facing difficulties and uncertainty if they wanted to take out a mortgage with a term of more than 25 years
The latest House Price Index figures show that the cost of an average home in the UK jumped 0.7% between March and April. The annual rise to April was 1.4%, bringing the cost of the average property to
Latest figures show an increase in affordable homes The number of affordable homes has increased according to the latest figures published by the government’s housing accelerator, Homes England. The numbers of house builds started and completed in the past 12 months are both up on the previous year. Between April 2018 and March 2019 there were 45,692 new house builds started under programmes managed by Homes England, and 40,289 completed. …Read More
The government is providing £500m to help housing associations build 11,000 affordable new homes, including some ‘rooftop’ properties. The funding boost will help the government towards its target of building 300,000 properties a year by the mid-2020s.
UK house prices rose by an average 1.7% in the year to January but there were wide variations in different regions across the country. The House Price Index compiled by the Land Registry shows that although prices rose year on year, there was a fall of 0.8% from December 2018 to January 2019. The average property in the UK was valued at £228,147
All private rented property agents must now sign up to a scheme protecting renters’ and landlords’ money. Under the new regulations that took effect on 1 April, all agents in the private rented sector are required to join a government-approved scheme to protect their clients’ money while it is in their possession – with fines of up to £30,000
For retired property owners’ Equity Release can appear a simple option to obtain a large tax free sum of cash currently tied up in the bricks and mortar of their home. However, as with all major financial decisions, professional advice should be sought to ensure that the chosen scheme is the right one for you.
A new fund is being created to help speed up the delivery of thousands of new homes across England. Housing Secretary James Brokenshire says the government is entering into a partnership with Barclays Bank to provide £1 billion of loan finance to help support small and medium sized developers. Support, ranging between £5 million to £100 million
More than 120,000 first-time home buyers have saved a total of £284m because of the cuts to stamp duty introduced last November, according to government figures. The first £300,000 of the price of a property is now exempt from tax for people entering the housing market for the first time. It means that the new stamp duty cost for first-time buyers is: • properties up £300k, no stamp duty • properties between …Read More