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The government will find an extra £10bn for the Help to Buy scheme to let another 135,000 people get on the property ladder, Theresa May has said. The extra cash will help buyers get a mortgage with a deposit of as little as 5% to buy newly built homes. Mrs May gave no detail about […]

Simon Youel said “radical” measures were needed to tackle the housing crisis Simon Youel has experienced some of the perils of renting a home. In the last four years the 25-year-old has lived in six different places and experienced sudden evictions and sharp rental increases. So when Jeremy Corbyn told Labour’s conference last weekend that […]

London house prices have fallen for the first time in eight years, the Nationwide says, dropping 0.6% year-on-year in September. Across the UK, annual price growth slowed to 2%, down from 2.1% in August. That is the slowest rate of increase since June 2013, according to the Nationwide measure. The building society said that London […]

Young people are also living in smaller spaces, says the report Young people in Britain are spending three times more on housing than their grandparents did, according to the Resolution Foundation think tank. They also have to cope with less space and longer commutes to get to work. While their parents typically bought their own […]

The Chartered Institute of Housing (CIH) has called for a housing budget review after government figures showed a huge drop in the number of “genuinely affordable” homes built in England. The number of properties built for social renters per year has fallen from 36,000 to just over 1,000 since 2010. Almost 80% of the current […]

Better-off areas asked to build up to 40% more homes

Rent rises ahead as landlords pull out of UK housing, says RICS

More than half of Britain has seen wages rise faster than house prices in the last 10 years, research by a mortgage lender has suggested. Edinburgh and Birmingham are among the 54% of areas where pay has outpaced property prices since 2007, the Yorkshire Building Society found. Yet the gap between wages and house prices […]

Are you young-ish, single and thoroughly fed up with paying a high level of rent for a room in a house, miles away from where you work? Perhaps you would prefer instead to spend up to £1,100 a month to rent a very small studio flat in a city centre? By very small, we mean […]

A mortgage lender has suggested that “some buoyancy” is returning to the UK housing market as it reported property price rises. The Halifax, part of Lloyds Banking Group, said the average UK home cost £222,293 in August, a 1.1% increase on the previous month. The high level of people in work had added to demand, […]