Mortgage Approval Levels Down 20% Over Past Three Decades Whilst House Prices Rise
New lending figures released by the Bank of England reflect the general sluggish state of the property market as political uncertainty continues and consumer confidence remains low. The number of mortgage approvals for property purchases in November was 63,728, down from October’s figure of 66,709. This is the lowest number of mortgage approvals since March […]
Three Million New Social Homes Needed By 2040
A recent report has claimed that three million new social homes must be built by 2040 in order to solve the developing housing crisis in England and Wales. The cross-party commission, including Ed Miliband and Sayeeda Warsi, further claims that £11 billion a year, needed to fund the initiative, could be claimed back from the […]
CILEx Claim Leaseholders Require Increased Powers
A recent response by the Chartered Institute of Legal Executives (CILEx) to the Law Commissions consultation ‘Leasehold home ownership: Buying your freehold or extending your lease,’ has claimed that leaseholders continue to be placed at a disadvantage in comparison to landlords. 76% of CILEx members believed that the law in its current iteration offers increased […]