The Daily Mirror reports that council tenants will lose their security of tenure under proposals due in the Hills review of social housing tomorrow. Tenants would be means tested and lose their home if their income goes up and children would lose their right to take over their parents’Read More →
The New Local Government Network has called for public places to be named after celebrities, claiming that it gives a unique identity to an area. It suggests that councils should organised public votes to rename public spaces after successful local citizens, which would ‘help celebrate our identity and rememberRead More →
From April, homeowners will not be allowed to put their home on the market until all the key documents are in the home information pack, including a new property questionnaire. Currently sellers can start marketing their property as soon as they have commissioned a pack and for up toRead More →
The Institute for Fiscal Studies (IFS) warned that Britain faced ‘two parliaments of pain’ as it calculated a £45 billion ‘black hole’ in the government finances following the Budget, requiring either a tax rise of £1,430 per family or massive spending cuts. When the effect of the 8 perRead More →
More than 1.6 million young people aged 18 to 24 are living with friends or family, nearly triple the number doing the same things this time last year. Research by Abbey Mortgages also found that among the 35 to 54 age group, more than 300,000 people are living rentRead More →
There was some confusion over the weekend as to the Conservatives pledge to abolish inheritance tax on estates worth less than £1 million, after shadow business secretary Kenneth Clarke said the plan was only an ‘aspiration’. He has since issued a statement insisting it would happen in the firstRead More →
A new report by HHSE has suggested that the rise in the number of couples who choose to live apart is contributing to the housing shortage and will cause a shortfall of one million houses. The recent collapse in house building will mean at least 500,000 fewer homes beingRead More →
Northern Rock admitted it is repossessing more than 11 homes a week, but its chairman insisted that it was not taking a tougher line than its rivals. The bank, which was nationalised in February, had 1.18 per cent of its mortgage customers in arrears by the end of June,Read More →
The Financial Services Authority warned mortgage firms that they should treat customers fairly as the number of repossessions rises and more homeowners fall into arrears. During the first three months of the 2015, repossessions rose 40 per cent from a year earlier, while the number of home loans inRead More →
There is some good news – two of the UK’s biggest mortgage lenders, the Halifax and Nationwide have decided not to make any house price forecasts next year. The Halifax said it was ‘not appropriate’ due to its impending takeover by Lloyds TSB, while the Nationwide said it wasRead More →