The government has announced changes to discounts on the scheme to limit the loss of social homes to the private sector.

Chancellor Rachel Reeves is delivering her first budget for the new Labour government and has revealed highly anticipated changes to Capital Gains Tax.

The changes announced are due to take effect from tomorrow

The government has announced plans for a new five-year rent settlement in social housing along with a £500m top-up for the 2021-26 Affordable Homes Programme.

The new product, designed to support larger, more complex projects, follows 'overwhelming demand' from brokers and their clients for flexible refurbishment funding solutions.

Broker SPF Private Clients has arranged a £26.8m development loan for Bicester Motion on the 444-acre future mobility estate in Bicester, Oxfordshire.

The case was completed within the required timeframe despite the applicant changing the lead company name at the eleventh hour.

A social housebuilding programme on the scale needed would bring £225bn in economic and social benefits, according to the New Economics Foundation.

Funding from the specialist development finance lender will be used to develop 9 flats for sale on the open market.

Over three-quarters of landlords are concerned that potential tax increases revealed in tomorrow's Budget could adversely affect their investments.