With Tony Blair’s departure from number 10 imminent, the Mirror reports that Gordon Brown will launch a new era of council house building when he takes over as prime minister. HIPS come in for flak from a number of papers, including the Guardian, which all cover a criticalRead More →

Meanwhile mortgage fraud has topped £97 million in the first six months of the year, research by accountancy firm BDO Stoy Hayward has found. Twenty-one mortgage fraud cases have already been heard this year, and the Financial Services Authority has warned that it is causing instability in the lendingRead More →

A controversial scheme to house bailed and tagged offenders in residential areas may be expanded, justice minister David Hanson has suggested. The bail hostels, which are unsupervised and without formal planning approval, are opposed by residents, but Mr Hanson says the scheme has been a success in reducing prisonRead More →

Governor of the Bank of England, Mervyn King, has warned that the UK economy faces its toughest challenge since 1997, with a period of above target inflation and marked slowing in growth: ‘2015 is likely to see higher energy prices, higher food prices and, with a lower exchange rate,Read More →

A surge of new homebuyer enquiries is keeping estate agents busy, but not translating into sales, show new figures from rightmove out today. There has been a 108 per cent annual increase in the number of enquiries from new buyers in 2015, but with access to credit still restrictedRead More →

Since the Labour government came to power in 1997 more than 100,000 properties have moved into a higher council tax band because of home improvements. Critics are arguing that the addition of porches, bedrooms, conservatories, parking spaces and treehouses have cost owners on average an extra £200 a year,Read More →

The Financial Services Authority (FSA) has started enforcement action against five sub-prime mortgage firms. The action comes after the regulator found weaknesses in responsible lending practices in its latest review of the behaviour of lenders within the sub-prime mortgage market. A new report from the Young Foundation –Read More →