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Recent research undertaken by property website Zoopla.co.uk shows that buying a home is cheaper than renting in most of Britain - monthly mortgage interest payments on a two-bedroom property are typically 8pc lower than the cost of renting a comparable home – surely this has to be good news for the new homes property market?
In other news, according to the Council of Mortgage Lenders (CML), mortgage supply picked up in June with gross lending, which includes people remortgaging as well as housebuyers, rising by 15% to £13.1bn.
And finally, a pensioner who spent three years as the only resident of a luxurious gated retirement village is finally welcoming his first neighbours. I know we all like a bit of peace and quiet but a ghost town just isn’t fun.
People are better off buying a home rather than renting one in three-quarters of towns and cities across Britain, research has indicated.
The Telegraph 21/07/10
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The number of homes sold in the UK in June rose by 21% from May to 86,000, HM Revenue & Customs has said.
BBC News 21/07/10
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Mortgage lending picked up in June, according to the Council of Mortgage Lenders (CML).
BBC News 20/07/10
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Government funding for a scheme aimed at helping those facing home repossessions in England is to be cut, the housing minister has announced.
BBC News 20/07/10
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Soaring numbers of homeowners are deciding to sell their properties in a move which will trigger a sharp house price fall, a report warns today.
The Daily Mail 19/07/10
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New rules forcing mortgage lenders to check on a borrower's income should be welcomed, even if the self-employed suffer.
The Guardian. 17/07/10
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A pensioner who spent three years as the only resident of a luxurious gated retirement village is finally welcoming his first neighbours.
The Telegraph 20/07/10
Click here for more details
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