Thursday, 6 February 2020

West Midlands To Overhaul Affordable Housing Definition By Linking Rent To Average Salaries


The West Midlands Combined Authority (WMCA) has announced plans to overhaul its definition of affordable housing by linking rents and mortgages to salaries rather than to local house prices and rent rates. The WMCA said that homeownership could be in the reach of thousands more people under its new plan, which would ensure local people pay no more than 35% of their salary on mortgages and rents for affordable properties. Read more on Inside Housing.

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