Genie let out of the bottle in London

At the beginning of the week the Mayor of London announced new funding and finance for low-cost home ownership homes in the capital. As well £180 million of ‘recoverable funding’ for 4000 new shared ownership homes, the announcement included up to £40 million of cheap loans to bring housing association Gentoo’s Genie product to London.

Genie is a home purchase plan that has been operating in the North East of England since 2011 and it has a lot going … Read more