The housing ladder once seemed straight forward. You leave home, buy your first home and then progressively move up the housing ladder, before perhaps trading down in retirement. However, research from the Council of Mortgage Lenders has revealed that today, things are a bit more ‘fuzzier’.
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The Government has announced the regional distribution of more than £1bn to revitalise the housing market in key areas and restore stable communities.
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House prices fell by 0.5% in February, the fourth consecutive monthly decline says Nationwide.
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Mortgage holders could see interest rates cut by 0.5% before the end of the year, according to the chief executive of Irish Life & Permanent, Denis Casey.
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The Government’s drive towards zero carbon housing has taken a major step forward with the announcement that all new homes are to be rated on their green credentials from May 1st.
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The National Landlords Association (NLA), which represents almost 14,000 landlords, has welcomed the decision by the Office of Fair Trading to issue High Court proceedings against a major High Street letting agent.
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Adult children are ‘sapping’ their parents’ savings and investments at an increasing rate of knots, as Scottish Widows reveals the position has got even worse over the past year.
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