Category: Buying

Energy Minister, Malcolm Smith, has given the green light to the largest wind farm in Devon. Speaking to the British Wind Energy Association in Glasgow, he said that he is giving Devon Wind Power the go-ahead for their 66MW Fullabrook Down wind project in north Devon. The decision follows a four-week public inquiry into the…

The total of gross lending in August was £34 billion, little changed from July€™s £34.1 billion and £1 billion higher than in August last year, but the make up of lending has changed significantly since a year ago, according to the Council of Mortgage Lenders (CML). Both lending for house purchase and remortgage have declined…

New research compiled for Hometrack, the housing intelligence business, reveals that just under a quarter (24.3 per cent) of young working households have little chance of accessing home ownership in their local housing market.  High house prices and rising interest rates are increasingly limiting access to the housing market with some of the worst affected…

Responding to the MPC decision to hold interest rates at 5.75 per cent, the Council of Mortgage Lenders (CML) says that the hold was widely expected but that a cut in November remains the most likely prospect. Michael Jones, CML director general, said: €œWe did not expect the Bank to cut rates today, but we…

The Housing Corporation has announced that, following a series of improvements, it has removed Three Valleys Housing from supervision. The corporation placed Three Valleys Housing, which owns and manages around 5,200 homes in the Erewash area of Derbyshire, under supervision in April 2006 because of concerns about its governance and viability.  The corporation used its…