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Pre-Budget 2005: Top three banks and societies back shared equity scheme

The UK’s three biggest building societies and banks have backed the government’s shared equity schemes.

Gordon Brown has also revealed that the top four UK building firms are involved involved and the Government is in discussions with a number of investment companies to provide backing for the scheme. It is also looking at a possible role for housing associations.

He says: “”We know that shared equity has an increasing role to play in helping young couples in all our constituencies get on to the first rung of the housing ladder, and I can tell the House how we plan to extend shared equity schemes.

“I can announce that three of the biggest building societies and banks have joined the Government as partners in shared equity; that building companies, including four of the biggest builders, are also now able to offer shared equity purchases; that we are now in discussions with investment companies on their possible involvement; and that we see a future role for housing associations in extending shared equity.

“Our aim: a new consensus across our country on the extension of homeownership and affordable housing – public and private sectors working and investing together to strengthen our economy, protect the environment and meet the housing needs not just of some but of all.”


Keep IT in check

Technology is a vital part of the modern mortgage industry and plays a role that will only grow in importance. But there are signs that all the flashy websites and whizzy online systems are starting to erode the relationship at the heart of the mortgage industry – the interaction between lenders and their customers, whether they are brokers or borrowers.

Tested to destruction

The financial sector last week took part in the largest ever test of its preparedness to respond to a crisis such as a terrorist attack or widespread infrastructural damage.

Private housing orders rise by 10%, reveals DTI

Research from the Department of Trade and Industry has shown that private housing orders in the year to October rose by 10% compared to those in the previous year. Orders in the three months to October fell by 6% compared with the previous period, but rose by 7% when compared with the same period a […]

Boosting choice

A consortium of 15 local authorities and housing associations has been given 1.6m to help set up sub-regional choice based lettings schemes as part of a government drive to offer more choice and better services for home seekers.

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


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