Debtors are getting wealthier
An increasing number of wealthier homeowners are seeking debt help as the rise in unemployment and falling property prices puts pressure on household budgets, the Consumer Credit Counselling Service said.…
Tag: home ownership
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Demand for first-time buyers scheme three times more than expected
The new HomeBuy Direct scheme – allowing buyers earning less than £60,000 to take out a mortgage for 70 per cent of the cost of a property and an interest-free…
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Social tenants in Northern Ireland can buy share of home
Social housing tenants can now apply to buy a share in their home, Margaret Ritchie, social development minister announced yesterday. Tenants with more than five years tenancy can purchase a…
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The cost of registering property is going up
The Land Registry is planning to increase its fees by nearly a third to boost its income in the face of falling property transactions. The Registry said that the steep…
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Home ownership out of reach for a third
Despite falling house prices research from Circle Anglia has found that a third of Britons believe that home ownership is still out of reach to them. People living in the…
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Housing need study
The government has announced it is to commission a major study into housing need to determine whether people want to rent, buy or are interested in shared ownership. The findings…
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Call for bail out of buy to let
Buy-to-let investors will not be able to cope with demand unless they are able to access government support, the Intermediary Mortgage Lenders Association (IMLA) has said. After surveying 506 mortgage…
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Support scheme helps first client
Meanwhile a Norfolk family is one of the first to benefit from the homeowner’s mortgage support scheme. Ms Whitford fell more than £4,000 behind on her mortgage after she gave…
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Housing minister axes HomeBuy scheme
John Healey has revealed that the government plans to withdraw backing for the open market homebuy scheme, saying he wants to concentrate on new build home ownership schemes instead. The…
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Culture of home ownership drives millions into debt
Home ownership, or the belief that it is the only âdone thingâ to own your own home, ignores the reality that many people canât afford to buy a home and…