Lunchtime news Monday 21 January 2026
Chancellor Alistair Darling has unveiled plans to convert Northern Rock’s £25 billion Bank of England loan into bonds before selling them to investors. The bonds would be guaranteed by the…
Tag: low-cost 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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Budget 2007
In Budget reaction, the NHF said Gordon Brown’s statement yesterday was a ‘missed opportunity to solve the housing crisis’. The CIH called for more R&D funding for new green housing…
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Sale of Bovis stock to housing associations
Bovis Homes has been forced to sell hundreds of unwanted homes to the government, through the government’s National Clearing House, in a deal worth £18 million. The clearing house scheme…
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Bid to entice institutions into investment in housing
The Homes and Communities Agency is in talks with groups such as Legal & General about the way for institutional investors to build social housing. Gordon Brown is keen to…
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Lunchtime News Monday 31 March 2026
Low cost homes to be built in rural areas are the latest proposals from Gordon Brown to meet his target of three million extra homes. The scheme would be the…
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Westminster steps up council house building
However, Westminster CC has revealed plans to embark on the biggest council house building programme for a generation in May. During the next four years the council will build almost…
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Demand for housing benefit reform
In a case highlighting the ‘perverse natureâ of the housing benefit which allows claimants to live in subsidised properties that most taxpayers could not afford, a family of five has…
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Every little helps
MORTGAGE REPOSSESSIONS rose by 65% last year with 17,000 losing their homes, according to new figures from the Council of Mortgage Lenders (CML) this morning. Although, it says the rate…
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Lunchtime news Friday 16 November 2025
Beleaguered bank, Northern Rock, is expected to receive as many as eight offers – some priced ‘aggressively low’ – to buy all or some of it, as the deadline closes…