Lenders should adjust affordability criteria for buyers of new homes
The housebuilding industry is calling on lenders to offer mortgages at more favourable rates for those buying new homes where energy bills are less than half that of existing properties. The Home Builders Federation Watt a Save report reveals owners of new homes will save an average of £135 on running costs under Ofgem’s new price cap. HBF managing director Neil Jefferson said: “As mortgage affordability gets tougher, rental costs increase and the country’s need for homes grows increasingly desperate, [...]