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House building target not high enough, says report

The government target to increase housing by three million by 2020 falls significantly short of what is needed, says the Town & Country Planning Association.

A TCPA report says the target is based on figures from 2004, which sees 25,975 more households in the UK by 2026, a figure that falls 5% short of TCPA’s 2006 projection.

It says plans to build 240,000 units of housing each year until 2016 will not be sufficient due to lower death rates and higher immigration and that up to 250,000 homes need to be built each year.

The report says: “Building 245,000 to 250,000 homes would amount to between 3.43 million and 3.5 million in 2020. Three million more homes would be below what would be needed to provide for the increase in households that our population projections imply.”


Average house price drops 4.6%

The average house price in England and Wales in August fell by 4.6% compared to the same period in 2007.

Fionnuala Earley to speak at MI conference

Mortgage Intelligence has announced the line-up for its Annual Conference on October 8 at Celtic Manor.Nationwide, chief economist Fionnuala Earley will provide the keynote speech, looking at the current economic climate and future market predictions. Earley joins a host of keynote speakers including Nigel Payne, managing director BMSolutions/TMB and Sally Laker, managing director of Mortgage […]

House builders develop code of conduct

The house building sector is developing a code of conduct to address consumer concerns about excessive delays, faults in new homes and issues with fees.

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]


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