Manchester city council has voted to make public the
secret documents used by developers to bypass affordable housing quotas.
Analysis by the Guardian earlier this month showed that developers behind
almost 15,000 new homes given the green light by the council’s planning
committee in the past two years all managed to avoid including any affordable
housing in their developments. In many cases, developers submitted confidential
viability assessments to successfully argue that their projects would not go
ahead if they were to offer even one flat for affordable rent or sale. Just 65
of the 14,667 units analysed by the Guardian made any concessions to
affordability, being pitched as shared ownership properties. Read more on the
Guardian website.
Average mortgage for UK first-time buyer hits record high of £210,800
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People able to buy homes previously beyond budget, aided by rising wages
and looser affordability tests
First-time buyers are taking out larger mortgages...
3 hours ago
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