In the news this morning, much has been written about the bank of mum and dad’s role in helping children get onto the housing ladder, but figures now reveal its increasing importance in providing financial assistance to those who are renting. First-time buyers made just shy of £55,000 on their homes over the last five years, but the large deposits needed – particularly in London – mean that level of return is unlikely to be repeated in the near future. Many people are opposing developments of new homes as a matter of course, fearing that their views will be ignored by builders.
Renters turn to bank of mum and dad (The Telegraph/FREE)
The bank of mum and dad does not just help with house purchases, it is increasingly needed to help with rent payments too.
First-time buyers see homes rise by £55,000 in value over five years (The Times/£)
First-time buyers have on average made just short of £55,000 on their homes over the last five years, according to research by Savills.
Housebuilders not listening to local people’s views, Shelter boss says (The Times/£)
Housebuilders are building unattractive, unaffordable houses, leading many people to oppose new developments, the chief executive of Shelter, Polly Neate, has warned.
Regulator criticises NHBC over lack of transparency (The Times/£)
The Competition and Markets Authority has criticised the National House Building Council over a lack of transparency relating to payments made to builders.
Holyoake seeks documents from Savills over property valuation in Candy case (The Guardian/FREE)
Savills is facing an accusation of breach of confidentiality in a case involving the Candy brothers and a former business associate, Mark Holyoake.
Amazon cuts prices at Whole Foods (The Telegraph/FREE)
UK supermarket shares are likely to remain under pressure this week after Amazon cut food prices at Whole Foods’ US stores by more than 40% on the first day of full ownership of the organic grocer.
Wetherspoon to open new pub in Ramsgate (The Guardian/FREE)
A new JD Wetherspoon pub set to open in Ramsgate will be the company’s largest outlet in the UK.
