The Treasury is to give the Bank of England powers to limit lending to the growing buy-to-let mortgage market to protect the financial system.
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Category Archives: First Time Buyers
Figures from the ONS show the growth in houses prices over the year for new builds is more than double that of existing homes.
The latest index from the Nationwide shows no change in house prices as demand remains subdued as a home purchase is less affordable.
CBI business leaders have urged the government to tackle the housing crisis to meet their target of a million new homes by 2020.
The government has closed the Help to Buy mortgage guarantee scheme that has helped 86,341 first timer buyers on to the housing market.
House prices in the UK are up over the year and remain stable as the number of sales completed have dropped by up to a third.
One in six families have been offered a smaller mortgage from a lender due to their childcare costs adding to parents stress and anxiety.
The growth rate for homes has slowed to 5.8% a year the slowest rate since August 2013 according to the Halifax house price index.
Lending to first time buyers and home movers decreased in July and recovered in August despite fear of a crash after the Referendum.
Many London boroughs continue to see house price growth in double figures although the average rate is slowing.