CML: What's happening in English housing?
Thursday, 26 July 2012
Owner-occupiers spend, on average, less of their income on housing even than social housing tenants. That was one of the surprising findings from the English Housing Survey. No doubt the affordability of home-ownership is one reason for its enduring popularity, confirmed by the survey. Today’s issue takes a look at its latest findings.
One cost of home-ownership that remains unaffordable for many is the size of a deposit. We therefore welcome an encouraging start for NewBuy, under which it’s possible to buy with a 5% deposit. A slow start for the scheme was always expected, but there are now more than 600 reservations – and momentum is building as we move towards the autumn home-buying season.
Finally, we look at separate conveyancing for lenders and borrowers. In some instances, there are good reasons for it – but not in most cases. We are therefore opposed to the suggestion that it should be used for all transactions in Scotland.
To see all the stories in full, go to the latest issue of CML News & Views.
Council of Mortgage Lenders
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Older people should be encouraged to downsize in order to help solve Britain's housing crisis, according to a new report out today.
Ministers are promising their new housing scheme will allow 100,000 people to get on the property ladder to buy their 'dream home'.
Social tenants will be able to benefit from a £75,000 discount when they buy their properties under the government's revived right-to-buy scheme.
Conservative and Liberal Democrat backbenchers cut the coalition's majority to 27 but never seriously threatened a defeat in the clash over rules controlling home extensions.
Cost-cutting efforts may force more civil servants' jobs outside central London
People want to know why they can't raise their children in the kind of place they were raised.
Governments always resort to yet another first-time buyer initiative that risks stoking people's expectations of homeownership.
Falling home ownership rates and a 20% increase in rents over the next five years are likely without government action on housing, a report has warned.
The number of people sleeping rough has risen and could become even worse when housing benefits are cut next year, a new report has warned.
Social housing tenants are to be given more responsibility in the wake of this summer's rioting.