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Ministerial foreword Thirty years ago, young people knew, if they worked hard, they would have the opportunity  to buy their own home. Today young people are working just as hard as their parents’  generation but are increasingly finding it difficult to get on the property ladder. Only 38% of  people under the age of 40 now own their home compared with 61% in the early 1990s. The Government is determined to change this and make home ownership more affordable  for a generation of people in their twenties and thirties. At the heart of our plans is the  commitment to build 200,000 quality starter homes by 2020 exclusively for young first time  buyers at a 20% discount on market value. We are introducing a comprehensive package of reforms and initiatives to meet this commitment, including £2.3 billion funding in the Spending Review to support up to 60,000  starter homes. As the Prime Minister announced in January, £1.2 billion of this funding is...

VIDEO of Budget 2016   Airbnb   new £1k tax allowance for "micro-entrepreneurs", including those renting their home out online Sugar Tax  a 25p per litre sugar tax on fizzy drinks from 2018 Further Reading double whammy for London high street estate agents ,Business Rates , Elisabeth line to push up London office costs #Budget2016 George Osborne ,Stamp Duty Surcharge ,Tax, Capital Gains Tax,Housebuilding UrPad Online new Hybrid online estate agent for Wales ,rolled out by Property Industry Experts,Caerphilly Facebook Founder Zuckerberg settles dispute with no pay out to property developer Voskerician new affordable housing hits record low in london data shows Days of Chaps payment numbered ,Central banks rival Bitcoin new RSCoin super currency what the VLOG ? London property developers, Hackney Dalston E8 Vibe illusion technology law - eddies from property portals boliga.dk and now zoopla.co.uk Online estate agents, expecting ...

British mortgage approvals declined in September for the first time in four months, but mortgage lending and consumer credit grew at the fastest rate in years, Bank of England data showed on Thursday. The effective rate paid on households’ outstanding time deposits increased by 9bps to 1.59% in September and the rate for households’ new time deposits decreased by 2bps to 1.51% . The effective rate on the stock of outstanding secured loans (mortgages) decreased by 2bps to 3.04% in September and the new secured loan rate was unchanged at 2.57% .  The rate on outstanding unsecured personal loans decreased by 5bps to 6.84% in  September and the new unsecured personal loan rate increased by 1bp to 6.98% .   The credit card rate (all balances) increased to 10.53% , a 12bps increase on the month (see Table A for households’ effective rates). The effective rate paid on private non-financial corporations’ (PNFCs) outstanding time deposits increased by 2bps to 0....