Pity Pottymouth never got the chance to benefit from the scheme.Curtailing of the right to buy. Probably a good idea?
Rayner suggests tenants will not be able to buy new council homes
Angela Rayner told the BBC restrictions would be placed on new social homes in England.www.bbc.co.uk
Indeed.Curtailing of the right to buy. Probably a good idea?
Rayner suggests tenants will not be able to buy new council homes
Angela Rayner told the BBC restrictions would be placed on new social homes in England.www.bbc.co.uk
Not sure the PM would be anyone’s definition of an ordinary working person.Could always rent Starmer's house or one of the Chancellor's properties (sorry it's on the Mail, also available on New York Times):
Keir Starmer renting out mortgage-free family home worth £2m
Documents last night revealed for the first time that the Prime Minister is the 'owner of [a] let family home'. He has owned a property in Kentish Town for 20 years and paid off the mortgage last year.www.dailymail.co.uk
Not working people by their own definition
Im completely with the Deputy PM on this, should have done it back in 97Curtailing of the right to buy. Probably a good idea?
Rayner suggests tenants will not be able to buy new council homes
Angela Rayner told the BBC restrictions would be placed on new social homes in England.www.bbc.co.uk
Seems a bit harsh to me. Just another nail in the coffin of the young becoming home owners? It's not the policy of right to buy that has caused the shortage, it is the lack of building replacements surely?Curtailing of the right to buy. Probably a good idea?
Rayner suggests tenants will not be able to buy new council homes
Angela Rayner told the BBC restrictions would be placed on new social homes in England.www.bbc.co.uk
I never said ordinary and I'm not really trying, it just seemed to fit with the housing theme. I'm mostly ambivalent to whatever party is in power. The article did make me smile though as it described Sunak as so rich he didn't need to rent out his Yorkshire pad as if this were a virtuous quality for a PM.
www.bbc.com
But - from that article:Just the start I fear.
Unemployment rises as pay growth slows again
The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter.
Pfft, you can’t expect people to actually read things, much easier to see a headline and knee jerk to that
Day after the base rate fall I had an email from the building society reducing the interest rate on my small ISA though!
oportfolio.co.uk
An increase then?Long-Term Funding Costs:
Mortgage lenders rely not only on short-term borrowing costs but also on long-term funding markets, which can be volatile and are influenced by global economic conditions. In recent months, the cost of securing funding over long-term periods has remained relatively high. Bond yields, a common benchmark for long-term funding, are still elevated due to inflationary pressures and uncertainties in global financial markets. This means banks like HSBC are facing higher costs to fund longer-term fixed-rate mortgages, leading them to increase customer rates.
HSBC Mortgage Rates Increase Despite Base Rate Drop: Here’s Why | Oportfolio
HSBC mortgage rates have taken a huge leap upwards today as the lender announces rate increases for residential and buy-to-let borrowers.
A number of major lenders are increasing the cost of fixed rate mortgage deals, following a similar move by Santander (see stories below), as competitive deals are causing a rush of business, writes Jo Thornhill.
Nick Mendes at broker John Charcol said that today’s move from Santander was to control business volumes arising from these highly competitive deals: “Santander had recently reduced its rates and had already priced in the latest Bank Rate reduction, while other lenders, such as Halifax, were increasing costs.
“Santander has no doubt seen a surge in applications from clients looking to secure current rates, putting pressure on its service levels.”
Yes - but not specifically related to the actions of the Labour Government. Which is what this thread is about.
Mortgage brokers believe this is likely due to the rising cost of funding as a result of heightened inflation expectations after the Labour Budget and Trump election win.
Yes - you read the last sentence did you?
