The West Midlands Combined Authority (WMCA) has redefined ‘affordable housing’ to mortgages or rent costing less than 35% of the lowest quarter of wage earners in the local area. This replaces the typically used ‘affordability’ definition of 80% of market value. The West Midlands is the first UK region to introduce a local definition, which […]
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InterBay Commercial, part of OneSavings Bank, has appointed Krissy Salmon as senior business development manager covering South West, South Wales and the South Coast. She previously worked for OneSavings Bank brand, Kent Reliance for Intermediaries, for two years, having held a similar position previously at Shawbrook Bank in its commercial team. Salmon said: “I welcome […]
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Housing association Notting Hill Genesis will soon launch one and two-bedroom apartments at Woodberry Down in Hackney. The properties will be available to purchase with shared ownership. Jim Munson, head of marketing at Notting Hill Genesis, said: “Woodberry Down continues to be a popular development for buyers looking for the whole package in a first […]
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More than half (55%) of Europeans think their country’s housing market is on the wrong track, up from 45% in 2017, ING’s Homes & Mortgages Report has found. Most of them focus on how the market is unaffordable for most and more expensive than elsewhere, while they accuse policies of not addressing supply and demand […]
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Wise Living will faciliate the building of more than 10,000 build-to-rent homes by 2025, which it said would create up to 100 new jobs across the UK. SDL Group’s build to rent platform has outlined significant growth plans for the next five years, following a stream of investment announcements and new partnerships with several developers. […]
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Two thirds of estate agents think they don’t meet the HMRC’s anti-money laundering rules, auctioneering and conveyancing firm iamproperty has found. Less than half (46%) of Estate Agents believe that AML regulations are equally understood and implemented by agencies across the country, though 80% think they fully understand the regulations. Ben Ridgway, group managing director […]
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Buy-to-let lender Landbay has launched a limited edition product, which is a 3.39% 5-year fix to 75% LTV. The product includes a free valuation for standard properties valued up to £400,000, and comes with a 1.5% product fee. Paul Brett, managing director of Intermediaries at Landbay, said: “We are committed to remaining as competitive as […]
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Barratt Developments has built 793 homes in the Bristol region in the last 12 months, and brought more than £47m to local communities. The company spent £29m on physical works in the community to improve highways, local outdoor spaces and community facilities. A further £13m came from through spending in shops and services, while £5.6m […]
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More than 29,000 house sales fall through every year due to fears over local crime, amounting to 2.4% of house sales. Churchill Home Insurance research shows that over two thirds (69%) of potential homeowners are fearful over crime rates in the area they are looking to buy in. The biggest concerns voiced by homebuyers to […]
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The equity release market’s rapid growth came to a halt in 2019, with the total staying flat compared to 2018. There was £3.92bn of housing equity withdrawn, down slightly from £3.94bn in 2018, figures from trade body the Equity Release Council show. However, the market has still grown four-fold in the last decade, with the […]
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