Garden Cities set to make a comeback

Garden cities coming backIn 1898 Sir Ebenezer Howard published his book “Garden Cities Of Tomorrow”, which set out his (at the time outlandish) ideas that new cities should be planned, self-contained communities surrounded by what would soon become known as green belts.

And almost 100 years after the last garden city was established, plans set to be revealed in Wednesday’s budget have included the launch of a brand new one in Ebbsfleet, in Kent.

Chancellor George Osborne has promised to extend the equity loan element of Help To Buy, which covers new-build homes, for another four years until 2020. While doing that, he also announced the building of 15,000 new homes in the ‘new town’ of Ebbsfleet, currently known mainly for its railway station that sits on the high speed link to the Channel Tunnel.

Garden cities were intended to be new towns where homes, workplaces and facilities would be developed from scratch to sit in proportion. Only two true garden cities were built – Letchworth (built 1902), and Welwyn Garden City (1920) – where the main shopping area , the Howard Centre, stands as a memory to the man behind the idea of garden cities.

Others were later built as ‘new towns’, mainly as overspill from larger cities. The last batch, built between 1967 and 1970, included Telford and Milton Keynes.

If you are preparing for a mortgage application in 2014, understand what’s on your credit report before you meet lenders.  Is everything accurate and up-to-date? Pay attention to addresses, whether you’re listed as being on the Electoral Roll at your current address, financial associations which are no longer relevant and or outstanding accounts that should be marked as settled.

The Experian Credit Score is a guide to help you understand your credit report, and how past credit management can impact on future credit applications and for you to monitor your progress as you get your finances in order before you apply.

Remember your credit report is only one part of your application.  Lenders also use the information provided on your application form, and information that they already hold on you (for example, if you’re applying through your bank).

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