Housing association offering no deposit mortgages posts profit

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Published by 24publishing for 24dash.com in Housing and also in Central Government, Communities, Local Government

One of the UK’s largest housing associations says it has provided 85 mortgages during the last year – worth almost £6.5m – and has made a total of 158 completions since it started offering its own no deposit (100%) mortgage two years ago. Places for People, which manages over 60,000 homes across the UK, published the details today in its annual report – which showed the group has achieved a profit of £17.4m before tax from a turnover of £369m. It said it launched...

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