Taylor Wimpey chief executive warns that high loan rates threaten NewBuy scheme
Pete Redfern, chief executive of housebuilding company Taylor Wimpey, has suggested that the NewBuy scheme could be less effective than hoped because the interest rates on eligible loans are too high. The NewBuy scheme was launched in March. It is designed to help those people who wish to buy a new-build property in England […]
Land Registry Launches Consultation over plans to close Telephone services
The Land Registry on 4 May launched a consultation over proposals to change Land Charges legislation. This will enable them to provide a wider range of online services, and would lead to the closure of the telephone ordering service for business customers. As there has been significant take-up of businesses using the Land Registry […]
Co-operative stops interest-only mortgages, and warns buyers not to rely on house prices rising
The Co-operative has announced that it is no longer offering interest-only mortgages. This includes new mortgages and remortgages. Only those existing borrowers moving home and not borrowing extra will be able to stay on an interest-only deal. This follows other lenders who are moving away from these types of loans, putting such conditions […]
Yorkshire new builds are the smallest in the UK, claim RIBA
The Royal Institute of British Architects (RIBA) has claimed that new houses in Yorkshire and the Humber are the smallest in the UK. RIBA research shows that the average three-bedroom home built in Yorkshire and the Humber is 13 square metres smaller than the basic recommended minimum size, with a floor area of 83 square […]