housing ladder

Autumn Statement: Billions announced to boost new home building by UK Chancellor

The UK Government has announced billions of pounds of new funding to boost the building of new homes and will encourage a wider spread of home types to buy and rent. Delivering his autumn statement, Chancellor Philip Hammond announced a £2.3 billion housing infrastructure plan to support the construction of 100,000 new homes in areas […] The post Autumn Statement: Billions announced to boost new home building by UK Chancellor appeared first on PropertyWire . Continue reading

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Letting agent fee ban will lead to higher rents, industry warns

The decision by the Chancellor of the Exchequer to ban letting agent’s fees in England and Wales could backfire and end up leading to rent rises, according to the industry. Philip Hammond announced in his autumn statement that the ban will help 4.3 million households in private rental housing and stop them being hit by […] The post Letting agent fee ban will lead to higher rents, industry warns appeared first on PropertyWire . Continue reading

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Fewer first time buyers in London taking out mortgages compared to a year ago

Fewer first time buyers in London took out mortgages compared with a year ago which could be a sign that rising house prices and lack of affordable homes to buy is affecting their ability to get on the housing ladder. First time buyers borrowed £3.1 billion in the third quarter of 2016, up 7% on […] The post Fewer first time buyers in London taking out mortgages compared to a year ago appeared first on PropertyWire . Continue reading

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