Industry News - Housing Associations - Shared-ownership schemes a 'viable option'

12/03/2010
Stonemason companies urged to adhere to personal injury employment law
Stonework companies in the London area have been urged to ensure they have appropriate health and safety measures in place to prevent personal injury in the workplace.

12/03/2010
Tribunal makes ruling on holiday leave pay
An employment tribunal has made a ruling which experts believe could open the floodgates for more claims from employees.

11/03/2010
Farmer's amended will overturned by judge's decision
A judge has made a ruling that will see the second will drawn up by an elderly farmer overturned in favour of an earlier document.

11/03/2010
Police female recruitment drive 'is discriminating against men'
A police drive to recruit more women could have a discriminatory effect on men, it has been claimed.

11/03/2010
Men 'are more likely to become insolvent than women'
New figures have revealed that men are more likely to require the use of an insolvency lawyer than women.

Industry News

19/01/2009
Shared-ownership schemes a 'viable option'

An expert has claimed that those looking to buy a house in the current economic environment could benefit from the government's HomeBuy plan.

Hayley Martin, team leader at Click n go Mortgages, has described shared-equity schemes as a practical alternative, particularly for first-time buyers or those on a low income who are looking to get on the property ladder.

She said that the HomeBuy format can be helpful because, although they still want a ten per cent deposit, it is ten per cent of a "smaller share".

"For example, for a £40,000 mortgage it's only £4,000 that they've got to find, which is not unachievable."

There are three HomeBuy schemes that are based on 'equity loans'. Social HomeBuy enables tenants of local authorities and housing associations to buy a share in their current home at a discount, while New Build HomeBuy allows people to purchase a stake in a newly-built home and they pay rent on the remainder

Open Market HomeBuy enables people to buy a home on the open market, according to Directgov.
ADNFCR-1805-ID-18979976-ADNFCR

18/02/2010
Affordable housing organisations 'poorly prepared for new regulatory framework'
Many housing associations remain unprepared for the implementation of the new regulatory system for the social housing sector.

17/02/2009
Empty properties and long social housing lists is "indefensible"
The Empty Homes Agency has criticised the government for the lack of social housing, despite the hundreds of thousands of empty properties.

16/02/2009
Cameron 'promises easing of social housing regulations'
Conservative leader David Cameron has pledged that he will relax regulations that stop housing associations and developers from converting empty properties into housing.

07/11/2008
More affordable housing needed to boost economy, says TUC
The UK is in "desperate need" of affordable housing to help boost its ailing economy.

05/11/2008
Second homes affecting affordable housing shortage, statistics reveal
The Top Ten most desirable second home locations in England have been hit by a 66 per cent increase in housing waiting lists.

News Archive

News Category

Commercial Property Law

Company and Commercial Law

Litigation and Dispute Resolution

Private Client