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.... . The research also said that home ownership among young families was "in free fall". ... [Read full article on BBC ]
Sunday 26th of March 2017 11:08:30 PM
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....“It is welcome that the government recognises the growing problem people face in getting on the housing ladder,” said Milburn, who was a Treasury and health minister in Tony Blair’s governments. “A major national effort is needed to expand opportunities for home ownership and will require more radical action on housing supply. ... [Read full article on Guardian ]
Sunday 26th of March 2017 11:01:43 PM
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....He should also consider that those alluring US financial products, which have so afflicted America’s export sector, have sometimes been pie in the sky rather than legitimate investment opportunities. Both Jimmy Carter and Bill Clinton prompted brokers with their Community Reinvestment Act to help the US poor achieve home ownership by means of generous loans, even though it was clear from the outset that many of these borrowers would never be able to repay the money. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 03:26:12 PM
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Latest Finance News related to Home Owner

Trump is wrong to criticise Germany over trade – he should look closer to home image
....He should also consider that those alluring US financial products, which have so afflicted America’s export sector, have sometimes been pie in the sky rather than legitimate investment opportunities. Both Jimmy Carter and Bill Clinton prompted brokers with their Community Reinvestment Act to help the US poor achieve home ownership by means of generous loans, even though it was clear from the outset that many of these borrowers would never be able to repay the money. ...
Record numbers rely on parental cash to buy a property image
Source : BBC [Read Article] Sunday 26th of March 2017 11:08:30 PM
.... . The research also said that home ownership among young families was "in free fall". ...
'Bank of mum and dad' making housing market more unfair, study finds image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....“It is welcome that the government recognises the growing problem people face in getting on the housing ladder,” said Milburn, who was a Treasury and health minister in Tony Blair’s governments. “A major national effort is needed to expand opportunities for home ownership and will require more radical action on housing supply. ...
SSE to raise electricity prices next month image
Source : BBC [Read Article] Monday 13th of March 2017 09:52:44 AM
....It blamed the increase on government policies that mean customers subsidise energy from renewable sources and the cost of smart meter installation. Other government-imposed costs include subsidising the feed-in tariff scheme for home owners that install solar panels on their roofs. ...
Forget Brexit: housing is the key issue for Labour | Phil McDuff image
Source : Guardian [Read Article] Friday 10th of March 2017 12:04:31 PM
....Nevertheless, regardless of the party politics, we will have to grasp the nettle on this one. Centre-left fiddling, and pretending that we can both raise prices for home owners and lower prices for those who need a home, has left marginalised young people vulnerable to rightwing cuts. ...
‘Our ability to save is non-existent’ – people respond to UK budget image
.... “Over the longer term, I am anxious how my pension will be affected and if my investments will drop in value. I also worry that the financial landscape may look very different once my children are older and have to make decisions about further education, home ownership or starting their own families. ...
Home ownership in England at a 30-year low, official figures show image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:32:32 PM
....Government data reveals that the private rented sector has doubled in size since 2004, with almost half of all people in England aged 25 to 34 paying a private landlord for their accommodation. Ministers recently admitted England’s housing market was “broken”, with home ownership a distant dream for millions. ...
New homes 'unaffordable for eight out of 10 locally' image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:38:32 AM
....There the average price of a new home was £206,950. Second worst was south-west England, where 89% of people were pushed out of home ownership by price, and third is the East Midlands, where 87% could not afford the average £215,000 price tag. ...
UK’s housing market is broken, and only a radical solution can fix it | Peter Hetherington image
.... Now, in the words of one association chief executive, they’ve been “formally rehabilitated”. Javid’s white paper , represents a welcome if tacit admission that the Cameron government failed to address the reality of that broken market, – worse, by subsidising home ownership, it pumped up prices – but remedies are short. ...
London home movers drops to lowest level since 1991, mortgage figures show image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 04:38:00 PM
....Borrowers were typically 37 years old, showed data from the trade organisation. On the other hand, re-mortgage activity in London was up last year, as home owners took advantage of cheap mortgage rates. ...
One in four UK families have less than £95 in savings, report finds image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
. The gap between rich and poor in the UK is growing, as savings and home ownership decline among the poorest families but rise among the richest, a report by insurer Aviva shows. ...
How to cut FIVE months off your mortgage repayments with one simple move image
Source : Daily Express [Read Article] Sunday 19th of February 2017 04:02:00 PM
....However, rates could be about to creep back up if market signals are to believed, meaning now could be a good time for consumers to lock into a deal. Longer mortgage fixes can provide more certainty for home owners, but it's important to look at any early repayment costs, which may need to be paid amid a house move. ...
Why 30-somethings are fleeing London, plus the growth of rabbit-hutch Britain image
Source : Guardian [Read Article] Thursday 16th of February 2017 02:17:55 PM
....Britons spend more on food and leisure, less on booze, smoking and drugs. New home owners gagged over poor build and compensation claims. ...
Driverless trucks: economic tsunami may swallow one of most common US jobs image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:00:02 PM
.... Over the same 42 years, the American economy grew by more than 200%, or a staggering $11tn. For millions of average Americans, the reasonable expectations of their youth – a steady job, home ownership, college education for their children – have degraded into decades of stagnation, even as they have been continuously bombarded by news of the overall growth and prosperity of the US economy. ...
New home owners gagged over poor build and compensation claims image
Source : Guardian [Read Article] Thursday 16th of February 2017 07:00:34 AM
. New home owners are being forced to sign gagging orders after making successful claims for compensation about the quality of their new homes. ...
‘A horrendous notion’: small firms object to tourist tax proposals image
Source : Guardian [Read Article] Wednesday 8th of February 2017 07:15:00 AM
....In Paris, Airbnb pays the tax to the city, but charges its users. Previously home owners were responsible for collecting the tax from guests. ...
England's housing market is 'broken', government admits in white paper image
Source : Guardian [Read Article] Tuesday 7th of February 2017 01:32:18 PM
. England’s housing market is broken, the government has admitted, with home ownership a “distant dream” for young families, as it unveiled a white paper promising a fresh wave of home building. ...
If we’re going to tackle the evils of renting, at least do it properly | Penny Anderson image
.... But remember this: back in the 80s, a mortgage was two-and-a-half times annual incomes, not eight to 10 times as it is now. Consequently home ownership was a natural stage in life: those who could bought and those who couldn’t rented one place for ever. ...
PM to reaffirm green belt pledge despite plans to ramp up housebuilding image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:34:41 PM
....He told ITV’s Peston on Sunday that the government’s white paper on housing would aim to break the dominance of a handful of large developers, and instead see more involvement for small builders, as well as councils and housing associations. The document would also pave the way for a “change of tone” in which the Tories would turn their attention to the millions of people locked out of home ownership who instead need affordable and secure rents. ...
Theresa May to offer more security for renters image
Source : Guardian [Read Article] Saturday 4th of February 2017 11:44:42 PM
. A major shift in Tory housing policy in favour of people who rent will be announced by ministers this week as Theresa May’s government admits that home ownership is now out of reach for millions of families. ...
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
....This report is yet another brutal reminder that Britain is going backwards. The IFS concludes: “Today’s young adults will find it harder to accumulate wealth of their own than previous generations did, due to the sharp fall in home ownership, the dramatic decline in defined benefit pensions in the private sector, and the stagnation in household income. ...
Young to inherit more but in less equal amounts, says IFS image
Source : BBC [Read Article] Thursday 5th of January 2017 11:05:09 AM
....But those likely to benefit the most are those who are already well off, or who already benefit from high incomes, the independent think-tank said. According to the research, the richest half of elderly households hold 90% of the wealth, largely as a result of increasing home ownership and rising house prices. ...
Richest young people in UK also likely to inherit most wealth, study finds image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....The Institute for Fiscal Studies (IFS) found that today’s young people were likely to inherit more wealth than their predecessors but the benefits would be skewed to those who were already well off. The study concluded that inequality was likely to increase and social mobility hindered as pensioners bequeathed the wealth they had accumulated as a result of rising home ownership and property-price inflation. ...
Help to Buy loan guarantee scheme comes to an end image
Source : BBC [Read Article] Friday 30th of December 2016 02:23:19 AM
. One of the government's flagship home ownership programmes ends on Saturday, amidst both praise and criticism. ...
Britons putting away money in anticipation of Brexit slowdown image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:47:22 AM
....Archer added that house prices were likely to be flat in 2017 overall. However, there were signs from the BBA report that existing home owners took advantage of the Bank of England’s decision to cut interest rates in August to a record low of 0. ...
Generation rent: official figures overstate UK home ownership - study image
Source : Guardian [Read Article] Tuesday 27th of December 2016 10:56:47 AM
....Barely half of all families in Britain own their own home, research highlighting the extent of the rise of generation rent shows. A study by the Resolution Foundation thinktank has shown that official figures have exaggerated home ownership, which has been in steady decline since 2002. ...
Home ownership 'overestimated by official data' image
Source : BBC [Read Article] Tuesday 27th of December 2016 08:21:38 AM
....Home ownership in the UK is overestimated by conventional data, with many more renters than the figures suggest, a think tank has suggested. The official estimate of a 64% home ownership rate was too high, the Resolution Foundation said, as many people shared or owners had lodgers. ...
Deutsche Bank and Credit Suisse agree multibillion-dollar settlements with US image
....The DoJ typically installs monitors – a lawyer or housing expert – to police the terms of the customer relief. The banks involved in the DoJ settlements do not necessarily have direct relationships with the home owners but have packaged up their loans to back the bonds. ...
First-time buyer aid cash: SW England gets biggest share image
Source : BBC [Read Article] Friday 23rd of December 2016 03:35:17 AM
.... . The area, which accounts for 21% of all second-home ownership in England, is to get £19. ...
Home ownership among 25-year-olds in England and Wales has halved in 20 years image
Source : Guardian [Read Article] Thursday 22nd of December 2016 12:01:31 AM
....The LGA, which represents more than 370 councils in England and Wales, said more homes for affordable or social rent are needed to allow people to save up for a deposit and get on the housing ladder. The LGA’s housing spokesman, Cllr Martin Tett, said: “Our figures show just how wide the generational home ownership gap is in this country. ...
Housing worries image
Source : BBC [Read Article] Thursday 15th of December 2016 12:28:11 AM
....The song is funny and really catchy, and critical of an aspect of life in China. The government is attempting to help wannabe home owners, and has introduced a load of new restrictions. ...
Mortgage data points to slowdown in UK housing market in October image
Source : Guardian [Read Article] Wednesday 14th of December 2016 01:43:57 PM
.... But the lending market was bolstered by the amount of remortgage activity which hit its highest level since January 2009. The data was seized upon as evidence that the EU referendum in June had dented confidence and a sign that home owners were responding to the Bank of England’s rate cut to 0. ...
House prices crash in London's richest areas - but surge in the East of England image
Source : Daily Express [Read Article] Tuesday 13th of December 2016 04:44:00 PM
.... "This comes as our latest market monitor shows tumbling transactions, viewings and properties coming onto the market across London – in part due to the stamp duty surcharge but largely due to the government’s farcical vendetta against buy-to-let landlords, which has sent the lettings market crumbling. "The government must look at the bigger picture and stop concentrating on new ways to punish landlords, and instead turn their attention to more pressing needs such as housebuilding and home ownership. ...
Housebuilding is up – but what type of homes are being built? image
Source : Guardian [Read Article] Wednesday 30th of November 2016 08:45:32 AM
.... The tenure of the homes being built has also shifted. The 32,110 affordable homes delivered in 2015-16 comprised 6,550 social rent, 16,550 affordable rent and 9,010 affordable home ownership, shared ownership and intermediate rent. ...
Housing gets £4bn boost to increase number of new homes image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....The money, which the Treasury said was new cash, will be spent through two funds: one providing money for infrastructure projects to make sites viable for building, the other providing money for affordable homes. Philip Hammond said the government had made good progress, with the number of new homes being built last year hitting an eight-year high, but “for too many, the goal of home ownership remains out of reach”. ...
McDonnell: Chancellor's spending plans 'offer no hope' image
Source : BBC [Read Article] Wednesday 23rd of November 2016 02:43:04 PM
....". He described the scrapping of tenant and letting fees as "a victory for Labour campaigning", but said home ownership was still "a dream" for the under 25s because fewer houses had been built under the Conservatives since the 1920s. ...
Are you a JAM? image
Source : BBC [Read Article] Monday 21st of November 2016 10:48:16 AM
....Mr Hammond made similar sounds on BBC One's Andrew Marr Show on Sunday, saying he would support people "who work hard and by and large do not feel that they are sharing in the prosperity that economic growth is bringing to the country". The Resolution Foundation says home ownership among the "just managing" fell from 59% in 1995 to 26% last year, meaning that many more face paying rent into old age. ...
Do YOU know when firms credit check you? image
Source : Daily Express [Read Article] Sunday 20th of November 2016 11:59:00 AM
.... Every person in Britain has a credit score, yet only one in 10 people know their rating, according to Amigo.  Mr Crawford added: "What’s really worrying is that people could be inadvertently destroying their own credit score, and as a result may be closing the door on life dreams like home ownership. ...
Cawsand joins St Ives as the new frontline of Cornwall’s war on second homes image
....”. The rate of second-home ownership in the five parishes is among the highest in the country, with buyers drawn by the idyllic setting, the proximity to cities such as Plymouth, and comparatively low prices. ...
Britain’s housing crisis is so serious that it must be tackled now image
Source : Guardian [Read Article] Sunday 20th of November 2016 06:59:30 AM
....Last week saw several heavyweight reports into Britain’s housing crisis. The Redfern review, detailing the catastrophic slump in home ownership, told us how real house prices have jumped 151% since 1996, while real earnings have risen only about a quarter as much. ...
'Life-changing'  image
Source : BBC [Read Article] Friday 18th of November 2016 10:11:37 PM
....Because of that, Luke Murphy believes CLTs which link prices directly to wages could really catch on. "Yes, you will forego the increase in your own assets, but it does bring the other benefits of home ownership: security, being able to put down roots in your own community, and control over your environment. ...
Where to buy the must-have Xmas toys, plus the power to reduce energy bills image
Source : Guardian [Read Article] Thursday 17th of November 2016 12:06:08 PM
....Pension exit fees capped at 1%. St Ives moves step closer to restricting second home ownership. ...
Housing Ladder arcade game has players dodging buy-to-let investors image
Source : Guardian [Read Article] Thursday 17th of November 2016 07:00:42 AM
. Britain’s housing crisis has been turned into a spoof arcade game where players have to dodge second-home owners and foreign investors to “buy a house or die trying”. ...
Redfern housing report 'has downplayed true reasons for homes crisis' image
Source : Guardian [Read Article] Wednesday 16th of November 2016 06:56:15 PM
....A landmark review of the housing crisis in Britain backed by Labour and led by the boss of one of the country’s biggest housebuilders has been criticised for downplaying the lack of homes being constructed by property companies. The housing charity Shelter said a “drastic shortage” of affordable homes was the biggest factor behind a slump in home ownership, while Aldermore, the mortgage lender, accused the Redfern review of bypassing the issue of supply. ...
Barratt Developments says demand for new homes 'strong' image
Source : BBC [Read Article] Wednesday 16th of November 2016 08:38:57 AM
....But the company said the London housing market was "more challenging" because of the higher selling prices. The news comes on the day that a report said first-time buyers need more help to stop a decline in home ownership. ...
First-time buyers need more help, review finds image
Source : BBC [Read Article] Wednesday 16th of November 2016 02:50:38 AM
. First-time buyers need more support to halt the decline in home ownership, a study by one of the UK's biggest housebuilders has concluded. ...
Boom in office-to-home conversions drives rise in housing stock image
Source : Guardian [Read Article] Tuesday 15th of November 2016 06:49:41 PM
....An independent report commissioned by the shadow secretary of state for housing, John Healey, and led by Pete Redfern, the chief executive of Taylor Wimpey, calls for a new independent housing commission to “take a non-partisan approach to long-term housing decisions”. The Redfern review notes that home ownership has fallen from 70. ...
St Ives moves step closer to restricting second home ownership image
Source : Guardian [Read Article] Thursday 10th of November 2016 05:57:31 PM
. A plan to restrict second home ownership in a picture postcard Cornish harbour town has been boosted after a high court judge ruled its proposal did not breach human rights legislation. ...
End of the property boom? UK house prices to flatline, says forecast image
Source : Guardian [Read Article] Friday 4th of November 2016 12:01:02 AM
....On Wednesday, the UK’s largest building society, Nationwide, reported that prices had stalled in October, and said that in some parts of the country affordability was being squeezed. Cook said he expected first-time buyers to face “significant ongoing challenges in raising a deposit without financial assistance”, and that schemes such as the help-to-buy equity loan “look like they will need to become long-term features of government efforts to sustain housebuilding and home ownership”. ...
Smart home threat image
Source : BBC [Read Article] Thursday 27th of October 2016 11:10:24 PM
....". And Martin Talks, founder of digital consultancy Matomico, offers this advice for smart home owners. ...
Skip a generation when passing on homes, says housing minister image
Source : Guardian [Read Article] Sunday 9th of October 2016 10:31:31 PM
....There were 143,560 housing starts in England in the 12 months to December 2015 – 6% higher than the previous year but still far short of the 240,000 dwellings that need to be built annually. With many would-be home owners forced into the rental market, the Royal Institution of Chartered Surveyors (RICS) warned last week that the UK faces a shortfall of 1. ...
Born lucky? Children of the 60s, 70s and 80s on buying their first homes image
Source : Guardian [Read Article] Saturday 8th of October 2016 06:00:35 AM
....Were you born in the 1980s? Then you’re half as well off as someone born in the 1960s at the same stage in life. Stagnant wages, falling home ownership, weaker pensions and low interest rates have left today’s young adults significantly worse off, according to the Institute for Fiscal Studies. ...
Younger people are worse off, so why don’t they rebel? image
Source : Guardian [Read Article] Saturday 8th of October 2016 06:00:35 AM
....Elsewhere on the site, we highlight personal stories that talk of the truth of these findings. Young adults are, incontrovertibly, in more debt, paying more of their income in rents, less able to save, and virtually disqualified from home ownership. ...
UK faces critical shortage of homes to rent, says Rics image
Source : BBC [Read Article] Monday 3rd of October 2016 11:01:22 PM
....It has called on the government to offer tax breaks to encourage building and investment in the sector. The Conservative Party has indicated its focus remains on home ownership. ...
I won’t miss help to buy. It only made the housing market worse | Jonn Elledge image
.... But not, so far, a lot more. And if we’re ever going to see home ownership return to the levels enjoyed by earlier generations, we are going to need a lot more housing, to reflect the fact this country now contains a lot more people. ...
Born in early 80s? Then you're half as wealthy as 1970s' children, says IFS image
Source : Guardian [Read Article] Friday 30th of September 2016 05:42:57 AM
. A slump in home ownership and less generous pensions have left those born in the early 1980s with only half the wealth of those born a decade earlier by the same stage of their lives. ...
Six million low-income families 'worse off than 10 years ago' image
Source : Guardian [Read Article] Thursday 29th of September 2016 06:00:38 PM
.... As a result they have suffered over a decade of lost income growth. “Many of the problems families face – from falling home ownership and disappearing career ladders – are very deep rooted. ...
Boost for first-time buyers: Sellers should pay stamp duty NOT house hunters, says lender image
. The change would save a prospective home owner a typical £3,791, said the lender. ...
UK first-time buyers hit by steeper rises in starter home prices image
Source : Guardian [Read Article] Sunday 18th of September 2016 11:01:30 PM
....“The rising tide of prices is marooning more and more first-time buyers, out-stripping their ability to meet stricter lending criteria and afford the required deposits and monthly repayments,” said Miles Shipside, director at Rightmove. “Increasing numbers are being cut off from home ownership altogether and while schemes are in place to help, the additional demand they create is not matched by available and affordable supply. ...
Pawn addiction image
Source : BBC [Read Article] Friday 26th of August 2016 08:25:17 PM
...."Sometimes there's a sad reason. We had a lady, a second home owner, who couldn't afford the mortgage. ...
The Guardian view on housing policy: a rethink is needed | Editorial image
Source : Guardian [Read Article] Thursday 11th of August 2016 06:41:58 PM
....It is very hard to detect what this government thinks a successful housing policy looks like. In the past six years, the party of home ownership has failed to revive home ownership. ...
How a ‘rent to buy’ scheme is making home ownership a reality image
Source : Guardian [Read Article] Saturday 6th of August 2016 06:00:25 AM
.... But the biggest bonus for the Stephens, who have no savings, is that they will receive a 10% “gifted deposit” from Rentplus to buy the home after 10 years. The Stephens are lucky; a report this week found that home ownership in Britain has plummeted to its lowest level in 30 years as the growing gap between earnings and property prices has created a housing crisis that extends beyond London to cities and towns across the country. ...
UK house price growth shows signs of slowing, says Halifax image
Source : BBC [Read Article] Friday 5th of August 2016 08:04:40 AM
....5%, which will take an estimated £22 off the monthly mortgage bill of those with tracker deals. Earlier in the week, a report from the Resolution Foundation analysed the fall in home ownership in major cities of the UK. ...
'Sky-high' rental hotspots across England revealed image
Source : BBC [Read Article] Thursday 4th of August 2016 11:04:48 PM
.... The England average price of a room in a house is £382, while a one-bedroom property costs £694. Alan Ward, who chairs the Residential Landlords Association said there was a rental "supply crisis" because the government had focussed on home ownership. ...

It’s simple – we need to build more houses
 image
Source : Telegraph [Read Article] Tuesday 2nd of August 2016 05:00:48 PM
....  Home ownership has fallen to its lowest level in 30 years:  the majority of households in London now rent and this phenomenon is spreading. In Greater Manchester the proportion of home owners is now just 58 per cent. ...
Nine in 10 renters do not have the savings for 5% home deposit – study image
....Average rents in the UK are £764 a month, while in the capital they are £1,543. The Equality Trust said: “The vast majority of renters are locked out of home ownership through a lack of income and savings, with many unable to afford even the cheapest housing. ...
Home ownership falling in major English cities, says think tank image
. Major English cities - particularly Manchester - have seen the sharpest falls in home ownership since a peak in the early 2000s, analysis suggests. ...
Home ownership in England at lowest level in 30 years as housing crisis grows image
....Home ownership across England reached a peak in April 2003, when 71% of households owned their home, either outright or with a mortgage, but by February this year the figure had fallen to 64%, the Resolution Foundation said. The figure is the lowest since 1986, when home ownership levels were on the way up, with a housing market boom fuelled by the deregulation of the mortgage industry and the introduction of the right-to-buy policy for council homes by Margaret Thatcher’s Conservative government. ...

Brexit must lead us to build a fairer Britain
 image
Source : Telegraph [Read Article] Monday 1st of August 2016 09:00:00 PM
.... Their interests should be at the heart of a new government-wide drive to open up opportunities. That means putting better housing and more home ownership far higher up the public policy agenda. ...

St Ives second home referendum backfires as housing market slows because outsiders don't feel welcome, estate agents warn
 image
.... . The plan was put in place to prevent second home owners snapping up new properties. ...
Councils must resume house building role, says LGA image
Source : BBC [Read Article] Wednesday 27th of July 2016 11:00:03 PM
....First-time buyer numbers in England have fallen by a third in a decade. The fall in home ownership among the young and rising rental costs has led to some calls for councils to step in to increase the supply of homes with a new building programme. ...
First-time buyers half as likely to be single as 20 years ago image
Source : Guardian [Read Article] Thursday 21st of July 2016 11:15:17 AM
....”. He said that since 2010 more than 300,000 households had been helped into home ownership through government-backed schemes. ...
Middle-income families in UK resemble the poor of years past, says IFS image
. Plunging levels of home ownership and an increased reliance on state benefits to top up salaries have meant that Britain’s middle-income families increasingly look like the poor households of the past, according to one of the UK’s leading thinktanks. ...
Millennials may be first to earn less than previous generation - study image
....The Resolution Foundation said a pessimistic scenario could emerge if the short-term economic outlook worsened as a result of Brexit, the weak productivity outlook predicted by the Office for Budget Responsibility earlier this year persisted, and if pay growth continued to fall behind productivity gains, as it has done for much of the last two decades. It warned that the impact of earning less coincided with a bleaker outlook for home ownership, with baby boomers 50% more likely to be paying a mortgage on their own property by the time they were 30. ...
Mortgage war: Lowest EVER 10 year home loan launched  image
Source : Daily Express [Read Article] Thursday 7th of July 2016 12:36:00 PM
.... The lender said seven in ten home hunters would consider a 10-year fix, in part because it offers stability and makes budgeting easier. It is just the latest move by a lender to offer home owners more competitive rates. ...
London council launches 'right-to-invest' for low-income tenants image
Source : Guardian [Read Article] Thursday 30th of June 2016 09:24:27 AM
....The council owns 17,525 homes and currently has 7,494 people waiting for homes on its housing register. The leader of Barking and Dagenham council, Darren Rodwell, said: “London’s ridiculously expensive property market has meant the idea of home ownership for most ordinary people is just a pipe-dream. ...

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