FINANCE & LEGAL
The latest finance and legal news from across the UK housing sector.
Including news about court cases, funding announcements, investments, payouts, criminal activity, and more.
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The plan is facing a legal challenge from residents who say it is incompatible with the government’s legally binding sustainability commitments.
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Orbit failed to ensure a family had a properly working heating and hot water system, the Ombudsman Service stated following an investigation.
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94% of housing associations saw an rise in the number of residents facing economic hardship since March 2020, according to a Communities that Work survey.
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Great Places Housing Group has issued the final £70m retained portion of its existing £345m bond due in 2042.
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The new plans will apply to all shared ownership homes delivered through the mayor’s £4bn Affordable Homes Programme.
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The government said the 43% decline could be attributed to the COVID-19 pandemic and ensuing lockdowns.
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The Grenfell Inquiry will resume next month, four weeks after it was due to restart following the Christmas break.
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The new regulator will work with the new building safety regulator and trading standards to encourage and enforce compliance in the industry.
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Homes England said it had decided to push back the original deadline due to delays in the construction of new homes caused by COVID-19.
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Latest data shows that first-time buyers would need to provide, on average, 104% of their income to get a 20% deposit.
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