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<h1>Lunchtime news June 12</h1>
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<p class="blog_date">12/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
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<p><strong>Mortgage interest payments</strong> are at their highest level against incomes in 15 years, according to <a href="http://www.cml.org.uk/cml/media/press/1191" onclick="javascript:urchinTracker(’/external/http://www.cml.org.uk/cml/media/press/1191’);"><strong>Council of Mortgage Lenders</strong></a> figures released this morning. First-time buyers now pay 18.7% of their incomes, the same as in the first quarter of 1992. Although this is still below the peak of 28.1 seen in 1990, 58% of today’s first-time buyers now have to pay stamp duty too.</p>
<p>The figures came the day after a speech by Bank of England governor <strong>Mervyn King</strong> warning that <strong>rates will rise again</strong>. Today’s papers, including the <a href="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/12/nrates112.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/12/nrates112.xml’);" target="_blank"><strong>Telegraph</strong></a>, report that as suggesting they will rise from the current 5.5% to 6%.</p>
<p>Doctors, teachers, employers, churches and trade unions are among 24 groups that have joined a coalition organised by <a href="http://scotland.shelter.org.uk/home/home-815.cfm/pressreleaselisting/1/pressrelease/353/" onclick="javascript:urchinTracker(’/external/http://scotland.shelter.org.uk/home/home-815.cfm/pressreleaselisting/1/pressrelease/353/’);" target="_blank"><strong>Shelter Scotland</strong></a> that will take the case for housing to Scottish politicians tomorrow. They are all backing a call for <strong>30,000 rented homes</strong> over the next three years.</p>
<p>London’s largest <strong>housing associations</strong> say they are using their <strong>surpluses</strong> to support vital community projects while trebling their investment in new homes over the last 10 years and cutting the government grant rate from 68% to 52%. A report launched yesterday by the <a href="http://www.lqgroup.org.uk/info/news/g15-housing-associations-stress-importance-of-surplus-generation-and-effective-partnerships-with-government-agencies,491,AR.html" onclick="javascript:urchinTracker(’/external/http://www.lqgroup.org.uk/info/news/g15-housing-associations-stress-importance-of-surplus-generation-and-effective-partnerships-with-government-agencies,491,AR.html’);" target="_blank"><strong>G15 group</strong></a> counters a study for the Housing Corporation that said large associations have billons of pounds in untapped capacity that should be going into new homes.</p>
<p>Over 40% of first-time buyers have never heard of <strong>affordable housing</strong> schemes and only 15% know if they qualify for one, according to a survey by property website <a href="http://www.whathouse.co.uk/affordable-housing-survey" onclick="javascript:urchinTracker(’/external/http://www.whathouse.co.uk/affordable-housing-survey’);" target="_blank"><strong>What House</strong></a>. When prompted, 60% say the schemes should be open to anyone on the minimum wage and 40% think single parent families should qualify.</p>
<p>The <a href="http://money.independent.co.uk/property/homes/article2646274.ece" onclick="javascript:urchinTracker(’/external/http://money.independent.co.uk/property/homes/article2646274.ece’);" target="_blank"><strong>Independent</strong></a> reports on prototype <strong>zero carbon homes</strong> on show at the Building Research Establishment.</p>
<p>In his <strong>Guardian</strong> column, <a href="http://www.guardian.co.uk/comment/story/0,,2100618,00.html" onclick="javascript:urchinTracker(’/external/http://www.guardian.co.uk/comment/story/0,,2100618,00.html ‘);" target="_blank"><strong>George Monbiot</strong></a> attacks <strong>Olympics</strong> organisers for evicting travellers to make way for the games</p>
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<p><strong>Tags: </strong><a href="../../../roofblog/tags/tag/mortgage" title="mortgage">mortgage</a>, <a href="../../../roofblog/tags/tag/affordability" title="affordability">affordability</a>, <a href="../../../roofblog/tags/tag/finance" title="finance">finance</a>, <a href="../../../roofblog/tags/tag/environment" title="environment">environment</a>, <a href="../../../roofblog/tags/tag/housing-association" title="housing association">housing association</a>, <a href="../../../roofblog/tags/tag/scotland" title="scotland">scotland</a>, <a href="../../../roofblog/tags/tag/interest-rates" title="interest rates">interest rates</a<>
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