Tenants First has outlined proposals for a public housing strategy to meet the housing crisis. It calls for the establishment of a £3 billion fund to be used for a ten-year regeneration programme that will include the setting up a board of representatives from government, tenants and those marginalised
House prices fell in the North and the West Midlands in December as market activity dampened, exposing those regions where the recovery has been weakest. According to the Royal Institution of Chartered Surveyors (RICS), last month’s figures showed five per cent more surveyors in the West Midlands reporting prices
The level or arrears and repossession should be lower than the early 1990s, the head of the Financial Services Authority (FSA) said yesterday, as the short-term financial position of many borrowers had been improved by low interest rates. Lord Turner added he is still considering regulating the size of
The Homes and Communities Agency has released plans to encourage private investors, including pension funds, to invest in private rented housing. Around eight organisations thought to include two housing associations and a couple of pension funds have been in talks with the HCA about building new properties, although the
Northern Rock has been accused of abusing its government guarantee to grab savings business from other banks, a practice officials say will be stamped on by authorities in Brussels. The bank, which last month became the first UK mortgage lender to be nationalised in more than 25 years, topped
Nearly one in ten over-70s are still paying to support their children, the Equality and Human Rights Commission (EHRC) said yesterday. Hundreds of thousands of elderly people are bearing the financial burden of a family despite having had to retire in their sixties. The findings reflect the rising ‘boomerang
The main political parties need to unite around policies to ‘avert social collapse’ caused by rising violent crime and disorder according to two MPs. Their report, due out tomorrow, calls for more support for early intervention schemes in communities to bolster the life chances of children living in deprivation.