The Liberal Democrats have launched a campaign to cut carbon emissions from housing. Climate Change Starts at Home includes a proposal for energy mortgages funding improvements to existing stock and repayable through energy bills. The Residential Landlords Association is advising its members to pull out of the housing
Some building societies are charging mortgage customers twice as much interest as banks, adding more than £1,000 to the cost of monthly repayments. Building societies say mortgage rates are not being lowered to maintain savers’ levels of return, but research casts doubt on some societies’ claims.
The government has finally responded to the Rugg review into private lettings and announced plans for tighter regulation of landlords. The government plans to create a register of all private landlords in England, including an improved complaints system that could remove rogue landlords from it, and will ensure that
Nine UK building societies have had their credit ratings downgraded by agency Fitch as falling house prices and the worsening economy are ‘likely to hit profits’. Fitch said that it was particularly concerned with the large exposure of building societies to sub-prime mortgages, buy-to-let loans and high loan-to-value deals.