A strategy to avoid people becoming homeless by providing earlier intervention has been unveiled by the Welsh Assembly. The 10-year homelessness plan will change the way housing services are delivered so they can respond faster to people in need – to stop them from losing their homes and for
Redrow and Barratt Developments accused the banks of downgrading valuations on new properties to restrict lending. Redrow said the practice of down valuation by surveyors representing mortgage lenders was ‘widespread’ and posed a ‘major obstacle’ in the recovery of the housing market. It blamed the gap in valuation for
COUNCILLORS IN CRAWLEY have voted to cancel a stock transfer ballot after opinion surveys showed overwhelming opposition among tenants. The decision follows a row over the true costs of upgrading the council’s 8,500 homes and the defection of a Conservative councillor to the Liberal Democrats over the issue. The
The Government has informed the National Landlords Association (NLA) that the Assured shorthold tenancy (AST) threshold will rise to £100,000 on October 1 2017. The proposal to increase the threshold had been broadly welcomed by the NLA as an attempt to offer greater clarity and transparency for landlords and
The immediate prospects for Britain’s economy are grimmer than in any previous forecast and output is unlikely to revert to pre-crisis levels before 2011, the Bank of England said in a stern warning yesterday. Presenting the Bank’s quarterly Inflation Report, the Governor, Mervyn King, was at
The government’s spending watchdog the Audit Commission warned that the recession and rising unemployment will cause a wave of social problems in the coming year. The commission found the recession is already causing more homelessness in one-third of local authorities, while two-thirds predict the problem to worsen next year.