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Year: 2016

Brexit – what does it mean for shared ownership

The average UK house price rose to £189,002 in December.
Wading through the fog of political and economic chaos to the impact on RPs we  can begin to see some reactions and implications, at least in the short term. 1.The regulator is warning of cash calls for those with complex financial instruments 2.RPs credit ratings are under threat and millions have been wiped of house builders shares 3. A slowdown in sales and mixed messages on interest rates/...
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Shared Ownership Affordable Homes Programme – The Opportunity

Shared Ownership
The Government’s target for 135,000 Shared Ownership Properties to be built in 2016-21 part funded with £4.7bn grant represents a quantum leap in Shared Ownership as a tenure and major opportunities for both historic providers of social housing and new entrants. Background Shared Ownership has been developed since the 1970s often as a small element of S106 intermediate provision. The current sto...
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A new era for Shared Ownership?

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David King looks at the state of shared ownership in the sector and asks whether we know enough about its impact. Shared ownership is a tenure that can work well for housing association business models. By allowing tenants to buy an equity stake before they start renting, income can be quickly recycled into more development. However, most outside of the sector will have likely encountered a ...
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The housing ladder has become almost two rungs shorter

Shared ownership
The housing ladder has become almost two rungs shorter since the financial crisis because of house price rises and restrictions on mortgage lending. UK owner-occupiers now move 2.75 times on average, including their first step on to the housing ladder. This is down from 4.6 times in the years before the 2008 financial crisis, according to analysis of transaction data by Savills, an estat...
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Brexit: what it may mean for housing

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A referendum on Britain’s continued membership of the European Union seems far removed from the UK housing market and whether or not an individual decides to buy or sell. This is the view of analyst Anthony Codling, of the broker Jefferies, who believes that whichever way Britain votes on June 23, build rates will not slow, nor will demand for new homes wane. The referendum “doesn’...
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Bank of England to be granted new powers over landlords

PRS
Bank of England to be granted new powers over landlords Buy to let market has been highlighted as a risk to the UK's financial stability 24 MARCH 2016 • 6:30PM The Bank of England could be granted new powers to curb growth in the "bubble" like buy-to-let housing market, George Osborne, the Chancellor, has said. Addressing MPs, Mr Osborne said it was "very like...
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£300,000 Milestone Passed As Price Of Newly-Marketed Homes Hits New High

Shared ownership mortgages
By Amy Funston Property NewsMarch 21, 2016 £300,000 Milestone Passed As Price Of Newly-Marketed Homes Hits New High As demand soars and supply remains tight, the average price of a property coming to market in England and Wales passes £300,000 for the first time Challenges facing both first-time buyers and those trading up highlighted by 50% i...
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Housing market set for slowdown after stamp duty changes come into action

Shared ownership mortgages
Activity on the housing market will slow after April, according to Rics CREDIT: PA Isabelle Fraser 10 MARCH 2016 • 12:06AM The UK housing market will slow down after April after “a surge in buy-to-let activity”, as the increase in stamp duty for second homes is introduced. Only 17pc of respondents to a survey of members of the Royal Institution of ...
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