{"id":120218,"date":"2021-02-07T19:21:48","date_gmt":"2021-02-07T12:21:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-turn-the-uks-generation-rent-into-generation-buy-larry-elliott\/"},"modified":"2021-02-07T20:38:46","modified_gmt":"2021-02-07T13:38:46","slug":"how-to-turn-the-uks-generation-rent-into-generation-buy-larry-elliott","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-to-turn-the-uks-generation-rent-into-generation-buy-larry-elliott\/","title":{"rendered":"How to turn the UK's 'generation rent' into 'generation buy' | Larry Elliott"},"content":{"rendered":"


\nA new paper says a \u2018blended mortgage\u2019 can work for first-time buyers unable to access help to buy or the bank of mum and dadProperty is Britain\u2019s obsession. As soon as the first lockdown ended there was a burst of activity in the housing market that only now seems to be tailing off. Andrew Bailey, the governor of the Bank of England, says if the only economic statistic available was the one for mortgage approvals you would never know there had been a pandemic raging in 2020.There was certainly a disparity between the strongest demand for home loans since 2007 and what was going on in the rest of the economy. Even after modest falls in January, prices are still rising at an annual rate of 5.4% according to the Halifax, and 6.4% according to Nationwide. Continue reading…
\n
\nSource : theguardian.com
\nRead more…How to turn the UK’s ‘generation rent’ into ‘generation buy’ | Larry Elliott<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A new paper says a \u2018blended mortgage\u2019 can work for first-time buyers unable to access...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120218","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vh0","jetpack-related-posts":[{"id":53619,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/blame-the-bank-of-mum-and-dad-for-britains-growing-inequality-ellie-mae-ohagan\/","url_meta":{"origin":120218,"position":0},"title":"Blame the \u2018bank of mum and dad\u2019 for Britain\u2019s growing inequality | Ellie Mae O\u2019Hagan","date":"May 3, 2017","format":false,"excerpt":"\r Cuddly phrases disguise the reality: those with property pass unearned wealth on to their children, entrenching unfairness. It\u2019s capitalism at its most brutalA report from Legal & General and economics consultancy Cebr has found that Britain\u2019s parents have just entered the top 10 UK mortgage lenders. Collectively, they will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133071,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-extends-generation-buy-mortgage-guarantee\/","url_meta":{"origin":120218,"position":1},"title":"Government extends \u2018generation buy\u2019 mortgage guarantee","date":"December 20, 2022","format":false,"excerpt":"\r Scheme to help first-time buyers on to property ladder has been used by more than 24,000 households across UKThe government is extending the mortgage guarantee scheme, which helps buyers with small deposits get on the property ladder as higher borrowing costs threaten to put the brakes on the UK\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103447,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-new-100-mortgage-wont-help-low-income-generation-rent-vicky-spratt\/","url_meta":{"origin":120218,"position":2},"title":"The new 100% mortgage won\u2019t help low-income Generation Rent | Vicky Spratt","date":"January 29, 2019","format":false,"excerpt":"\r By only lending to those whose families can cough up a lump sum, Lloyds Bank is reinforcing the ludicrous housing marketIf there\u2019s anything more British than talking about the weather, it\u2019s obsessing about house prices. This is a country where it\u2019s taboo to ask someone their salary but perfectly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85116,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dont-tell-generation-rent-the-fall-in-house-prices-is-bad-news-larry-elliott\/","url_meta":{"origin":120218,"position":3},"title":"Don't tell generation rent the fall in house prices is bad news | Larry Elliott","date":"April 13, 2018","format":false,"excerpt":"\r Estate agents face a quiet house-buying season with demand and mortgage lending in declineApril traditionally marks the start of Britain\u2019s house-buying season. Once the daffodils come out, estate agents ready themselves for a rush of prospective buyers.Not this year, though. The body that represents estate agents, the Royal Institution\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137295,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-temporarily-withdraws-mortgage-deals-for-new-borrowers\/","url_meta":{"origin":120218,"position":4},"title":"HSBC temporarily withdraws mortgage deals for new borrowers","date":"June 9, 2023","format":false,"excerpt":"\r Bank removes all its \u2018new business\u2019 residential and buy-to-let products after surge in demandHSBC has temporarily withdrawn mortgage deals for new borrowers due to a surge in demand ahead of expected rate rises.The bank said on Thursday it would remove all its \u201cnew business\u201d residential and buy-to-let products, with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95589,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/zillow-downgraded-by-bank-of-america-on-greater-risk-to-profits-from-adding-mortgage-lending\/","url_meta":{"origin":120218,"position":5},"title":"Zillow downgraded by Bank of America on \u2018greater risk\u2019 to profits from adding mortgage lending","date":"August 7, 2018","format":false,"excerpt":"\r Bank of America Merrill Lynch\u00a0lowers its rating to neutral from buy for Zillow shares, citing increasing concerns over its business model shift to home selling and mortgage lending.\r \r Source : cnbc.com\r Read more...Zillow downgraded by Bank of America on \u2018greater risk\u2019 to profits from adding mortgage lending","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120218"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=120218"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120218\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}