Rent levels spark social housing debate northumberlandgazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northumberlandgazette.co.uk Daily Mail and Mail on Sunday newspapers.
A derelict site is set to be transformed with new affordable homes as well as a commercial space that will create new jobs. Network Homes has exchanged contracts to build 100 affordable homes and regenerate a vacant site, which is a former supermarket, in Burnt Oak Broadway. The new homes will be a mixture of one, two- and three-bedroom apartments. Seventy-five apartments will be for Shared Ownership, which helps residents buy a home with a lower deposit, 19 for London Affordable Rent, and six for London Living Rent, which is a scheme that supports residents in saving for a deposit to buy their own home.
Affordable homes and commercial space to be built in Burnt Oak thisislocallondon.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisislocallondon.co.uk Daily Mail and Mail on Sunday newspapers.
Skipton Building Society has become the latest lender to bring in new loan-to-income restrictions. From Wednesday the lender’s maximum LTI for applications over 85 per cent loan-to-value will be 4.49 x income, but all other LTIs remain unchanged. The following restrictions apply: Where household income is lower than
Computer-generated image indicative of apartments at Pontoon Reach in London s Royal Docks.
- Credit: Peabody
How Shared Ownership can help you get on the property ladder and find your dream London home.
Lattifah Harris from Peabody Housing Association tells us more about Pontoon Reach - an exciting new development from Redrow and Peabody in the heart of London’s Royal Docks - and explains the benefits Shared Ownership can offer:
1. Affordability
Shared Ownership gives you the chance to buy a share of your home, meaning your monthly mortgage amount will be smaller than buying a property outright. You can take out a mortgage that covers the share amount you choose to purchase and pay a subsidised rent on the rest.