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The UK government facilitates shared equity chiefly through the Homes and Communities Agency. As of 2009 this was under the banner of HomeBuy. This aims to help households earning up to £60,000 p.a. [5] New Build HomeBuy is where purchasers buy at least 25% of a newly built home, and pay rent on the remainder.
Shared ownership, also called part buy part rent, is designed for those that cannot afford to buy a home with a mortgage outright. In 2010, in partnership with Santander , Affinity Sutton launched a 95% mortgage deal for customers looking to buy their home through shared ownership. [ 5 ]
Anchor was established in 1968 by Cecil Jackson-Cole, as Help the Aged (Oxford) Housing Association, to provide sheltered housing to older people. By 1972, the organisation had completed its first new-build properties and begun diversifying into both leasehold and rented accommodation.
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The new homes were arranged and funded via building societies that dealt directly with large contracting firms. [ 15 ] [ 16 ] Private renting from housing landlords was the dominant tenure. People moved in so rapidly that there was not enough capital to build adequate housing for everyone, so low-income newcomers squeezed into increasingly ...
The Right to Buy scheme is a policy in the United Kingdom, with the exception of Scotland since 1 August 2016 and Wales from 26 January 2019, which gives secure tenants of councils and some housing associations the legal right to buy, at a large discount, the council house they are living in. [1] [2] [3] There is also a Right to Acquire for assured tenants of housing association dwellings ...
On 7 February 2024, the company made an agreed offer to acquire Redrow for £2.5 billion. [52] On the same date, both firms had confirmed reduced revenue and profit. [53] The merged businesses would create a house builder, Barratt Redrow, turning over £7.45 billion and delivering over 22,600 homes a year. [54]
China first announced plans to build a new London embassy in 2018 in keeping with its increasing diplomatic clout, buying land on the former site of the Royal Mint - the maker of British coins ...
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