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Morning Briefing: parents among UK’s biggest mortgage lenders
The so-called ‘bank of mum and dad’ has become one of the UK’s biggest mortgage lenders, with parents spending £6.3bn last year to get their children on the housing ladder, according to reports today
In the news
The BBC is among those to cover the figures released by Legal & General showing that the average parental contribution for homebuyers this year is £24,100, up more than £6,000 on last year.
In other news, Southampton City Council has terminated a £450m waterfront development deal after five years, but has not explained why, the BBC reports.
Elsewhere, more than 100,000 people have signed a petition to allegedly stop the Duke of Westminster from demolishing a block of council flats in central London to make way for luxury apartments.
In Glasgow, a group of housing association tenants fear a legal loophole could mean that they face rent increases of up to 80%, per the Evening Times.
Also in Scotland, West Dunbartonshire Council has entered partnerships with Caledonia, Clydebank and Dunbritton housing associations in a move it hopes will deliver 800 new homes, according to the Dumbarton Reporter.
The Scotsman ran a long piece over the weekend making the case for greater investment in social housing in the country.
WalesOnline reports that more than 4,000 households asked Cardiff Council for help with homelessness last year.
At the other end of Wales, Anglesey County Council has insisted that uncertainty over the Wylfa Newydd nuclear plant – where work halted in January – will not hamper its plans to build new council housing, according to the BBC.
The Belfast Telegraph runs a story on figures released by a homeless charity showing that rough sleeping has increased by 35% in Northern Ireland’s capital.
The same paper has spoken to a family which fled their home after a crossbow attack, they have been told by the Northern Ireland Housing Executive that they face at least two years in a hostel.
Meanwhile in London, The Guardian reports that Islington Council is to start using heat from the underground’s Northern Line to help warm hundreds of its council homes in winter.
In east London, L&Q and Countryside have applied for permission to increase the height of blocks at their Beam Park development, the Romford Recorder reports.
Beyond the M25, the Basildon Echo reports that Basildon Council’s leader has launched a campaign to clean up estates in the area, a week after he criticised Clarion over its refuse collection.
Figures released by the NHS and covered by Birmingham Live have shown there are 715 adults with learning disabilities living in unsatisfactory or insecure homes in the city.
Finally, The Guardian runs a short piece examining the reasons for the high prevalence of bathrooms in new build homes, while columnist Barbara Ellen gives her two cents on the issue of homeless families being housed in shipping containers.
On social media
Today @BorisJohnson and I are announcing another 50 communities that will benefit from our £1 billion #FutureHighStreetsFund
— Robert Jenrick MP (@RobertJenrick)
Helping local high streets to evolve and thrive with up to £25 million each of investment in infrastructure, housing & culture. pic.twitter.com/7vnWDjEWIHToday @BorisJohnson and I are announcing another 50 communities that will benefit from our £1 billion #FutureHighStreetsFund
— Robert Jenrick MP (@RobertJenrick) August 25, 2019
Helping local high streets to evolve and thrive with up to £25 million each of investment in infrastructure, housing & culture. pic.twitter.com/7vnWDjEWIH
