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November 17, 2022
Ahead of today’s delayed Autumn budget, which chancellor Jeremy Hunt will deliver, mortgage brokers have called for stamp duty benefits to remain and for stabilisation of the housing sector. The budget was pushed back from 31 October to allow Sunak more time to scrutinise the figures and formulate the government’s
November 17, 2022
There were 59,175 affordable homes delivered in England between 2021 and 2022, an increase of 13% compared with the previous year, the latest Government statistics reveal. In 2021 and 2022 there were 38,668 new affordable homes for rent, a rise from the 34,001 delivered in the previous year. The share of new
October 27, 2022
Michael Gove’s return to the role as secretary of the Department for Levelling Up, Housing and Communities was welcomed by many in the mortgage sector but there was a strong emphasis on their expectations and the work that needs to be done. Gove was appointed to the role by Rishi Sunak yesterday, just three months
September 29, 2022
Planning applications continued to fall in the second quarter of this year, decreasing by 17% compared to the same period in 2021. Figures from the Department for Levelling Up, Housing & Communities show that 106,800 applications for panning permission were received between April and June 2022. During the second
September 23, 2022
Business leaders fear the Kwasi Kwartengs mini-budget will do little for small family-run firms despite the financial measures bring the biggest tax cut in half a century.
September 21, 2022
New prime minister Liz Truss and chancellor Kwasi Kwarteng are considering cutting stamp duty, The Times reports. It is believed the cut will be announced this Friday, 23 September, as part of her cabinet’s mini budget. Truss has made no secret of her wish to cut taxes in an effort to stimulate the UK economy, with
September 16, 2022
The number of new homes built fell 11% in 2020-21, according to Government figures - but new construction starts jumped 15% in the second quarter of this year.
September 7, 2022
Average house prices in the UK lost pace slightly in August, Halifax says, slowing from 11.8% growth in July to 11.5%. This is the slowest annual rise recorded by the lender in three months. With prices rising 0.4% on a monthly basis, this puts the average property price at £294,260. Of all regions, Wales saw the