Pennington News

News

  • Housing market sales at their highest since 2007

    February 20, 2015

    Property sales in the first ten months of 2014 were 21% higher than in the same period in 2013, according to new research by Lloyds Bank. This was the highest for this period since 2007 with the numbers of sales in England and Wales during January through to October 2014 totalling 760,000...

  • 120,000 too few homes built in 2014

    February 20, 2015

    Analysis of new figures published this morning by the National Housing Federation show that just 118,760 homes were built in England in 2014, more than a 120,000 shortfall on the 245,000 experts predict is needed every year to keep pace with new households forming. Since the last census in 2011, the backlog of unbuilt homes totals 515,340...

  • Gross mortgage lending declines in January

    February 20, 2015

    The Council of Mortgage Lenders estimates that gross mortgage lending reached £14.3 billion in January...

  • Big jump in number of new homes started

    February 20, 2015

    Official figures released show a big rise in the number of new homes started last year. The data from the Department for Communities and Local Government shows that 137,010 new homes were started in 2014...

  • Chancellor sets out plans for over 400,000 London homes

    February 20, 2015

    Chancellor of the Exchequer George Osborne has set out plans to help London meet its need for over 400,000 homes on a visit to Aura development by Weston Homes in Edgware, with the Mayor of London...

  • 8,000 social homes lost in a decade

    February 12, 2015

    Estate regeneration schemes are leading to more homes being built – but there is an overall decline in those available for social rent...

  • Fastest monthly increase in house purchase lending since 2009

    February 12, 2015

    House purchase approvals have seen the fastest month-on-month increase in over five-and-a-half years as the purchase mortgage market throws off the doldrums of recent months, according to the latest Mortgage Monitor from chartered surveyor e.surv...

  • Tackling England’s housing crisis would boost economy by £3.6 billion

    February 12, 2015

    England would get a shot in the arm of £3.6 billion and 71,000 full-time jobs would be created or sustained if more affordable homes were built now to help tackle the housing crisis, according to the National Housing Federation...

  • 2014 repossessions down 26%, says CML

    February 12, 2015

    The number of repossessions fell to 21,000 in 2014 – 26% fewer than the 28,900 in 2013, and the lowest number since 2006, according to latest data from the Council of Mortgage Lenders. At 0.19%, the repossession rate was also lower in 2014 than at any time since 2006...

  • 100 councils set to freeze Council Tax

    February 12, 2015

    Local Government Secretary Eric Pickles today (10 February 2015) welcomed the news that over 100 local authorities are set to freeze or lower their Council Tax this year...