Fear of return to council ghettos
Housing associations are to stop building mixed estates of privately owned and social rented homes because of the credit crunch, leading to fears of a return to ‘council ghettosâ says…
Tag: house market
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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.…
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Sale of repossessed housing doubles
Sales of repossessed properties in the first quarter of 2009 are double the figures from a year earlier, according to research by the Asset Management Group (AMG). Its figures show…
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Lloyds breaks first time buyer mortgage deadlock
Lloyds is offering a new deal for first-time buyers that allows parents or friends to use their savings as a guarantee against a default. The bank is offering to lend…
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A date for the diary?
The Daily Telegraph newspaper has picked 16 September 2026 as the perfect day to buy your next house. The paper asked a number of property experts to estimate the date…
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House prices down 1.9%
House prices dropped during November according to Land Registry figures, with the average value of a home in England and Wales down by 1.9 per cent, or £3,135, to £161,883.…
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Housing association turnover exceeds £10 billion
The Tenant Services Authority has announced that the housing association sector turnover was more than £10 billion for the first time in 2008. Turnover was up by 10.7 per cent…
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Mortgage lending shrinks
Mortgage lending has fallen sharply, with approvals for house purchases 60 per cent lower than a year ago. The number of approvals fell by 14 per cent in November to…
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Quarter of Britons cancel home insurance to save money
Nearly one in four people have cancelled their home insurance in a bid to save money during the recession research from the Association of British Insurers found. Around 22 per…
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Mortgage rescue scheme starts today
A new £200 million scheme to prevent thousands of vulnerable people from losing their homes and avoid repossession comes into force nationwide today. The scheme allows housing associations to buy…