Buy-to-let investors will not be able to cope with demand unless they are able to access government support, the Intermediary Mortgage Lenders Association (IMLA) has said. After surveying 506 mortgage brokers, the IMLA found that 80 per cent of first-time buyers were unable to secure a mortgage and wereRead More →

Chancellor Alistair Darling has unveiled plans to convert Northern Rock’s £25 billion Bank of England loan into bonds before selling them to investors. The bonds would be guaranteed by the government until a private buyer is found, in a bid to avoid full public ownership. The scheme is supportedRead More →

Meanwhile a book from the University of Warwick has found the UK’s housing market was ‘encouraged’ by the government. The investigation said the government wanted to meet the cost of support an ageing population by encouraging people to invest in housing assets as a way of accumulating wealth andRead More →

Twice as many people are losing their homes due to evictions by social landlords than mortgage repossessions, HHSE Scotland has warned. It found that 13.1 out of every thousand social housing tenants had an evictions decree granted against them, mostly for rent arrears. The rate for homeowners was 6.8Read More →

The strict working restrictions for Eastern Europeans will not be scrapped the government announced recently. The worker registration scheme ‘works for the British labour market and the country as a whole’ and allows for planning for local services, the government argued, while maintaining the restrictions means A8 nationals willRead More →

MORE DETAILS are emerging about housing-related measures in today’s pre-Budget report (see story below): The target for the number of people helped by shared equity schemes by 2017 has been increased from 100,000 to 160,000. This will mainly be through schemes that do not involve government money butRead More →