News
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Calls for more lending to first-time buyers
A leading provider of affordable homes in the North West has called for more assistance to be made available to first-time buyers following reports that banks are favouring buy-to-let landlords. According to an article in today’s Daily Mail there has been a sharp increase in those seeking to invest in rental property as the returns are often greater than those offered by high street savings accounts. The average rental yield [...]
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LPC Living responds to high street threat
The face of the UK high street could change forever with suggestions that a fifth of shops could be demolished by 2018 to make way for housing. According to a study by the Centre for Retail Research published in the Daily Mail, £320m is needed to clear more than 60,000 shops and replace with 20,000 new homes as well as community facilities, office space and GP surgeries. The report identified [...]
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LPC welcomes first-time buyer increase
LPC Living has welcomed figures released by the Council of Mortgage Lenders which show a 20% increase in the number of first-time buyer mortgage approvals in a month (according to The Telegraph). In March 2013 a total of 19,100 loans were approved to new homeowners compared to just under 16,000 the previous month. First-time buyer mortgages accounted for 45% of all home loans approved. Scott Neal, marketing manager for LPC [...]