CIH Report Shows Young People Locked Out of UK Housing Market



A report from the Chartered Institute of Housing (CIH)shows how ownership amongst young people in England has dropped by a third during the past two decades. In 1992 67% of people aged between 25 and 34 owned their own home, compared to just 43% in 2012.

UK Government Considers Building More New Towns



Apparently the UK government is thinking about building more new towns, with Prime Minister David Cameron envisaging garden cities with characterful homes and plenty of open spaces. Not surprisingly his plans have already come under fire from green campaigners and rural groups.

UK Housing Minister Announces £20 Million Fund to Help Prevent Repossessions



The UK Housing Minister, Grant Shapps, has announced there will be a new £20 million Preventing Repossessions fund to help homeowners in danger of being repossessed, something which will enable local councils to offer interest-free loans to homeowners.

UK Government Aims to Get Britain Building Again



The UK government is stepping up its efforts to get Britain building again as Housing Minister, Grant Shapps has just announced a new partnership between the government and the National House Building Council (NHBC)

UK facing sharp rise in house repossessions



According to Richard Banks, CEO of UK Asset Resolution, the country is facing a sharp rise in repossessions once interest rates begin to rise.   UK Asset Resolution is the state company which was set up to manage the £80 billion of mortgages formerly owned by banks, which were bailed out by taxpayers during the […]

UK Plans State Funded Mortgage Scheme



The UK government has joined forces with more than 100 home-builders to help first-time buyers get a foot on the housing ladder. The government-backed scheme costing £500 million will help reduce the size of required deposits to 5% of the property’s value, with the government and home-builders each providing interest-free loans equivalent to 10% of […]

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