The housebuilding sector suffered another blow yesterday when Taylor Wimpey debt was downgraded to junk status. The downgrade, by credit-rating agency Fitch Ratings, comes amid an unprecedented decline in the housing market, with home sales plummeting, mortgage lending squeezed and new housing starts at their lowest in more than
Early intervention resolves more than three-quarters of antisocial behaviour cases, whereas using anti-social behaviour orders resolved just 0.1 per cent of cases, according to research by Housemark. Top performing landlords also took just 45 days to resolve antisocial behaviour cases, compared with an average of 61 days.
A government adviser on affordable housing for regional government has called Gordon Brown’s approach to achieving his three million new homes target ‘Stalinist’. Steve Nickell says that government should provide financial incentives for local authorities to grant planning permission for new residential developments, rather than imposing targets, and advocates
MORTGAGE REPOSSESSIONS rose by 65% last year with 17,000 losing their homes, according to new figures from the Council of Mortgage Lenders (CML) this morning. Although, it says the rate of increase slowed slightly in the second half, the CML is predicting further rises to 19,000 in 2014 and
The UK’s housing system is ‘fundamentally broken’ requiring wide-scale reform if it is to deliver fair and affordable housing in the future, said the Chartered Institute of Housing in a response to plans that could form the basis for the Green Paper into housing reform to be published later
Governor of the Bank of England Mervyn King has raised the prospect of the wholesale nationalisation of the British banking system saying that the system needed ‘additional measures’ to solve the credit crisis. He said the government’s £500 billion rescue plan had failed to encourage banks to lend more