Property Ladder
| Use attributes for filter ! | |
| First episode date | September 27, 2001 |
|---|---|
| Final episode date | 2009 |
| Presented by | Sarah Beeny |
| Networks | Channel 4 |
| Genres | Entertainment |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2318542 |
About Property Ladder
Amateur property developers aim to purchase run-down fixer-uppers, renovate them, and then sell them for a hefty profit. They face tight deadlines and difficult developers in their quest for success.
Autumn statement: Government considers help for first-time buyers
... It is one of a package of measures, first reported by the Sunday Times, that the Treasury is examining ahead of the Autumn Statement to help people get on the Property Ladder...
Help to buy homes from 'Bank of Family' rises
... L& G said that house prices have been growing at a much faster pace than wages, and with the cost of living crisis and rising interest rates, it is becoming increasingly hard to get on the Property Ladder without family support...
House prices are falling, so why can't I afford a home?
... A couple of years ago, the biggest problem facing first-time buyers was the deposit they needed to get on the Property Ladder, according to Nationwide...
Michael Gove relaxes planning rules in bid to meet housing target
... While there is great demand for housing, particularly among younger voters struggling to get on the Property Ladder, new housing developments have proved unpopular in Conservative heartlands...
Mortgage rates: 'I have £50,000 but can't buy a house'
... " Freya Milner, 24, is just one young person trying to get on the Property Ladder with no end in sight...
Mortgage deals: Five new products aiming to beat interest rates rise
... Chris Sykes, technical director at mortgage broker Private Finance, said: " The deal won t help everyone, but will maybe allow some people to get on the Property Ladder...
Woo youth vote or die, Matt Hancock tells Conservatives
... Eve Redmond, a 23-year-old renter who recently moved to London, says: " I don t think I ll get on the Property Ladder in the next 10 to 15 years...
Deposit-free mortgage aimed at renters launched
... Generation Rent, which campaigns on behalf of private renters, says the shortage of properties within the budget of first-time buyers remains a major stumbling block for those struggling to get on the Property Ladder...
Autumn statement: Government considers help for first-time buyers
By Dearbail Jordan & Ben KingBBC News
The government is considering extending its mortgage guarantee scheme as part of measures to help first-time buyers in the upcoming Autumn Statement.
It is understood the Treasury is looking at making the scheme, which helps people Take Out a mortgage with a 5% deposit, available for Another Year .
Chancellor Jeremy Hunt will announce the Autumn Statement on 22 November, weeks after the Tories lost two by-elections to Labour.
The Treasury declined to comment.
The scheme, first introduced in March 2021 by the then Chancellor Rishi Sunak , was designed to encourage lenders to give mortgages to borrowers with a smaller deposit.
Since December that year, the interest rate has risen from a historic low to the current 5. 25% as The Bank of England has sought to curb high Inflation .
It has meant that mortgages have become more expensive for borrowers while many grapple with The Higher cost of living.
Recent figures from financial information service Moneyfacts show that the typical rate for a five-year fixed mortgage have dipped to 5. 99%. But a two-year fixed mortgage has a rate of 6. 5%.
The mortgage guarantee scheme was extended for 12 Months Last Year and is due to end in December.
However, it is understood the Treasury is considering keeping it in place for Another Year .
It is one of a package of measures, first reported by the Sunday Times, that the Treasury is examining ahead of the Autumn Statement to help people get on the Property Ladder .
The Department is also reportedly considering a new Individual Savings Accounts, or ISA, to encourage potential buyers to save for their first home.
Other ISAs, such has Help to Buy, which rolled-out in 2015 under former chancellor George Osborne and ended on 31 March, were criticised as house prices rose higher than the scheme's limit.
Under its rules, buyers were awarded a 25% bonus from the government on homes worth up to £250,000 in England and £450,000 in London.
Mr Hunt is also considering increasing the £450,00 upper limit on house purchases funded by a Lifetime ISA, where government adds 25% to savings aimed at building a deposit.
The latest data from Halifax showed that the average UK property price in September was £278,601 and, for London, was £525,678.
The Bbc understands that no decisions have been taken, and depend on official forecasts of the health of The Public finances.
Last week, the government lost two safe seats, in Mid Bedfordshire and Tamworth, to Labour. There have been calls from some Tories to cut taxes to boost support for the government.
Immigration Minister Robert Jenrick told Bbc One 's Sunday with Laura Kuenssberg programme if it meets its target of halving Inflation by The End of year.
He Said that he understood Conservatives and The Public " all want to cut taxes".
" But The First task has got to be bearing down on Inflation , " He Said .
Last week, new figures revealed that Inflation - which measure the rate at which prices are Rising - remained at 6. 7% in September which was the same as August.
However, Andrew Bailey , The Governor of The Bank of England, has said he expects a " noticeable drop" in Inflation for October when figures are published next month.
Meanwhile, The Bank of England is set to announce its latest interest rate decision on 2 November after it voted to keep rates at 5. 25%.
Mr Jenrick said that if Inflation is brought Under Control then " of course we will consider what more we should do" on taxes.
Labour has been contacted for comment.
Related TopicsSource of news: bbc.com
