Home > News > Mortgage and Remortgage

Home buyers `should find out future values` Potential homeowners "still lack confidence" Shop around for mortgage loan deals New possession figures released Mortgage market subdued, says CML Halifax: Low mortgage rates helping housing market FSA: Debtors should be treated fairly Credit crunch affects divorce rates House prices to rise by 25% in 5 years Your Mortgage: US mortgage situation may lower UK confidence Interest rate freeze `not helpful to first-time buyers` Long-term mortgages `becoming more popular` Homeowners improving properties to increase "saleability" A million homeowners may face negative equity A quarter of people `still willing to buy property` Fixed-rate mortgage prices `highest in 10 years` `Urgent need` for more rented housing Libor changes `could perk up mortgage market` Mortgage approvals hit new monthly low Bradford & Bingley secures essential investment

`Urgent need` for more rented housing

16/06/2008

The strong demand for rented housing is being overlooked by the government in favour of helping buyers, claims the charity Centre for Cities (CFC).

The difficulties in finding affordable homes to buy and of securing mortgages and remortgages, plus a lack of social housing, are leading more would-be buyers to rent accommodation. This is causing a shortage of rental properties, according to CFC`s research.

Home ownership, whether fully owned or via shared equity schemes, is currently putting people is danger of repossession, says the report.

Director of CFC, Dermot Finch, said the government is not concentrating enough on the rental situation. "Unless this changes, the young and job movers will have difficulties finding somewhere decent to live," he commented.

An annual increase of 50,000 new rental homes is necessary to meet growing demand, a report from the Department for Communities and Local Government committee claimed last month.

Greater London and the south-east have seen the largest gap between demand and availability of rental properties, according to a report by the Association of Residential Lettings Agents, released earlier this month.

Increase in bankruptcy figures for another CAB 26/08/2008 - In the latest in a string of local Citizens Advice Holidaymakers "complacent" about cards 26/08/2008 - People who use credit and debit cards abroad are Home buyers `should find out future values` 26/08/2008 - People looking around for a mortgage have been advised to Half the population "worse off than last year" 22/08/2008 - The credit crunch has struck the majority of people in