2019 saw the first fall in annual gross mortgage lending
since 2010, the UK Finance Household Finance Review (Q4 2019) has revealed. There
was a decline of new loans for both residential and buy-to-let purchase
products, while first-time volumes fell by 0.6%. Miles Robinson, head of
mortgages at online mortgage broker Trussle, said: “The fall in mortgage
lending highlights what we’ve known for some time; that there is a real lack of
suitable properties at the more affordable end of the market. When you also
consider the closure of the government’s Help To Buy ISA – there will be even
more pressure on the new Chancellor Rishi Sunak to deliver for first-time
buyers in next week’s Budget.” Read more on Property Wire.
Too many buildings remain unsafe after Grenfell disaster, housing minister
warns
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Wajid Khan tells House of Lords remediation work is yet to start on half of
properties with unsafe cladding
Far too many high and medium-rise buildings a...
1 day ago
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