Almost 60 lenders in the UK residential mortgage market are to help borrowers move to an alternative product that offers better repayment rates. The homeowners involved are up to date with repayments but can’t switch to a better mortgage deal because of stricter affordability criteria.
The UK's cities and towns are enjoying a "dramatic urban renaissance" as more people return to live there after generations of drift away from city-centre living. A report commissioned by the BBC has revealed that the population of many towns and cities have doubled since the start of the 21st century.
Living near a supermarket can boost the value of a home by an incredible £21,500, according to a new report. And the well-documented Waitrose effect is spreading with upmarket and budget outlets alike helping to increase the value of a property.
More than 1,300 new homes are to be built in Cambridge by two local firms with funding from Homes England. The homes will be built on a new development called Wing, which is 160 acres of brownfield land, and financed through a 10-year loan worth £22.4 million from Homes England, the agency set up to help deliver more new homes.
England needs an extra 340,000 every, according to new research commissioned by the National Housing Federation. The federation has a shortage of four million homes, and the Government's own target of building 300,000 new homes a year by the mid-2020s won't be enough to resolve the issue.
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