Newcastle could move into mortgage-lending

Newcastle City Council is considering a move into the mortgage-lending market.

By Mark Conrad | 05 October 2011

Newcastle City Council is considering a move into the mortgage-lending market, under its snowballing plan to become a ‘co-operative council'.

Cllr Nick Forbes, Newcastle's Labour leader, this week told The MJ the authority could, in future, provide mortgage finance to small groups of people within a neighbourhood interested in forming a co-operative housing group.

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Popular articles by Mark Conrad

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group
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