The government has promised to fund £1.3bn to deliver up to 45,000 homes as part of a plan to boost the “green economy” through the Green homes Grant scheme. The Ministry of Housing, Communities and Local Government claims that the investment will create up to 85,000 new jobs. More than 300 so-called “shovel-ready” projects in…
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The government is planning to extend the Help to Buy scheme due to purchase delays caused by the pandemic. Delays in UK housebuilding caused by the pandemic have forced the government to consider to extend its help-to-buy scheme. The chancellor is considering whether to back a proposal supported by the housing minister, Robert Jenrick and…
TSB Bank has revealed the details of several mortgage rate changes that it announced on 22 July. The changes concern a selection of product transfers, which have received rate cuts of up to 0.15 per cent, and residential mortgages. For two-year fixed rates for purchase, changes include: the 60 per cent LTV with £995 fee…
According to the latest UK Property Transactions Statistics by HMRC, residential property transactions rose to 63,250 between May and June this year – a rise of 31.7%. However, largely due to the pandemic, this figure is still 35.9% lower than the same period a year earlier. On a non-seasonally adjusted basis, the number of…