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<li><a href="/">ROOF</a></li>
<li><a href="../../roofblog">ROOF Blog</a></li><li>June 2007</li>
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<p>Displaying ROOF Blog articles from <strong>June 2007</strong></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_29">Lunchtime news June 29</a></h2>
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<p class="blog_date">29/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Bill Rashl</p>
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<p><a href="http://www.nationwide.co.uk/hpi/" onclick="javascript:urchinTracker(’/external/http://www.nationwide.co.uk/hpi/’);"><strong>Nationwide</strong></a> said its house price index rose by 1.1 per cent rise in June, taking the annual rate up to 11.1 per cent. That means that <strong>house prices</strong> are rising at their fastest rate – the equivalent of £50 a day – for more than two and a half years, drools the Mail.</p>
<p>It won’t last though warns Justin Modray, of Bestinvest independent financial advisers. ‘There are compelling reasons to suggest that the exceptionally strong <a href="http://property.timesonline.co.uk/tol/life_and_style/property/investment/article1999392.ece" onclick="javascript:urchinTracker(’/external/http://property.timesonline.co.uk/tol/life_and_style/property/investment/article1999392.ece’);"><strong>ten-year bull run could be nearing its zenith</strong></a>,’ Modray says in <strong>the Times</strong>. </p>
<p>The paper also reports that <strong>Doncaster</strong> is the <a href="http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article1999287.ece" onclick="javascript:urchinTracker(’/external/http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article1999287.ece’);"><strong>cheapest city to buy a property</strong></a>, followed by Middlesborough, Swansea and Liverpool.</p>
<p>The <strong>FT </strong>reports that the Bank of England’s monetary policy committee will vote for a <a href="http://www.ft.com/cms/s/166c5712-25de-11dc-b338-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/166c5712-25de-11dc-b338-000b5df10621.html’);"><strong>rate rise</strong></a> next week.</p>
<p> <strong>Homeless Link</strong> is writing to every housing director in England to promote its <a href="http://www.homeless.org.uk/policyandinfo/issues/rehousing/mopp" onclick="javascript:urchinTracker(’/external/http://www.homeless.org.uk/policyandinfo/issues/rehousing/mopp’);"><strong>Move On Plans Protocol (MOPP) toolkit</strong></a>. The kit is intented to provide housing authorities with a better understanding of move on need and encourage the creation of partnerships with the voluntary sector.</p>
<p>Homelessness prevention and <strong>gatekeeping</strong> were the themes of a <a href="http://www.24dash.com/socialhousing/23176.htm" onclick="javascript:urchinTracker(’/external/http://www.24dash.com/socialhousing/23176.htm’);"><strong>conference</strong></a> held in Kensington London yesterday.</p>
<p>A rampant housing market and a lack of affordable and suitable housing were key factors in homelessness, a report by <a href="http://www.sheltercymru.org.uk/shelter/home/newsdetail.asp?month=6&year=2007&Det=93" onclick="javascript:urchinTracker(’/external/http://www.sheltercymru.org.uk/shelter/home/newsdetail.asp?month=6&year=2007&Det=93’);"><strong>Shelter Cymru</strong></a> has found. New low-cost home ownership initiatives and funds to tackle homelessness prevention work were also urged in the inquiry, launched at Shelter Cymru’s <strong>annual conference</strong> in Swansea yesterday</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/news" title="news">news</a></p>
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<h2><a href="../../roofblog/2007/06/roof_lunchtime_news_28_june_2007">ROOF lunchtime news 28 June 2023</a></h2>
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<p class="blog_date">28/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Bill Rashl</p>
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<div class="summary">
<p><strong>Hazel Blears</strong> will be the new secretary of state for Communities and Local Government. The former minister of state at the Home Office, who came sixth in the contest for the deputy Labour leadership, will replace Ruth Kelly, who moves to Transport. An ex Old Labour firebrand who opposed the abolition of Clause 4 – the party’s commitment to nationalisation – Blears has since become a loyal Blairite, enforcing his ‘tough on crime, tough on the causes of crime’ mantra, and pushing through controversial anti-social behaviour orders (Asbos).</p>
<p>Meanwhile, it’s all housing, housing, housing. The political ‘mood music’ on this is changing as senior figures in the new government increasingly put the challenge of affordable housing in the same category as health and education. Housing was mentioned several times by the PM’s close confidante and new chancellor, Alistair Darling, talking this morning on <a href="http://www.bbc.co.uk/radio4/today/listenagain/ram/today4_20070628.ram" onclick="javascript:urchinTracker(’/external/http://www.bbc.co.uk/radio4/today/listenagain/ram/today4_20070628.ram ‘);">Radio 4’s Today Programme </a>about what to expect from the new government. Housing – and the prospect of councils building more homes – appears alongside the NHS, Schools, Trust and ‘Britishness’ in <a href="http://www.mirror.co.uk/news/topstories/2007/06/28/changing-man-89520-19367757/" onclick="javascript:urchinTracker(’/external/http://www.mirror.co.uk/news/topstories/2007/06/28/changing-man-89520-19367757/’);">The Daily Mirror’s </a>summary of the big challenges facing Brown. His promise to effect ‘change with affordable housing’ is repeated in the <a href="http://www.dailymail.co.uk/pages/live/articles/news/news.html" onclick="javascript:urchinTracker(’/external/http://www.dailymail.co.uk/pages/live/articles/news/news.html?’);">Daily Mail</a>.</p>
<p>And while it’s all change on the political front, here’s a blast from the past. Ex-Barratt Developments chief executive and newly installed chairman of the New Homes Marketing Board, David Pretty is calling on government to bring back the <strong>Miras tax relief scheme</strong> to help overstretched first-time buyers. The proposal is one of 10 contained in a plan to help young buyers, as seen by <a href="http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article1996625.ece" onclick="javascript:urchinTracker(’/external/http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article1996625.ece ‘);">The Times</a>. Pretty will present it to Gordon Brown next week. Seven of the ten recommendations are aimed at boosting the numbers of new homes being built each year in England. These range from the sell-off of government land at a discount that can be passed on to first-time buyers and key workers, to fast-tracking planning applications for affordable housing. Another recommendation is a call to scrap stamp duty for first-time buyers. Experts are concerned that subsidising homebuyers in this way will push prices up even further. <strong><em>David Pretty is writing in the next edition of ROOF. Book your copy now on </em><a href="http://www.roofmag.org.uk/" onclick="javascript:urchinTracker(’/external/http://www.roofmag.org.uk’);"><em>roofmag.org.uk</em></a><em>.</em></strong></p>
<p>Mr Pretty has described first-time buyers as ‘the new poor’. And they’re in for more bad news on the house price front. According to new research by the <a href="http://news.bbc.co.uk/1/hi/business/6247992.stm" onclick="javascript:urchinTracker(’/external/http://news.bbc.co.uk/1/hi/business/6247992.stm’);">Nationwide Building Society</a>, first-timers are, on average, borrowing 5.1 times their earnings to buy a home and UK house price inflation ‘bounced back’ in June with prices rising by 1.1%.</p>
<p>The stronger-than-expected increase lifted the annual rate of growth to 11.1% from 10.3% in May, meaning prices are rising more than twice as fast as last year. However, the building society predicted growth would slow in the second half of the year, sticking by its forecast of 5-8% price growth for 2007. The Bank of England’s Monetary Policy Committee will meet next week to decide whether to raise UK interest rates again.</p>
<p>Elsewhere, campaigners have asked Gordon Brown to focus on the complex needs of street homeless people. In a letter to <a href="http://www.timesonline.co.uk/tol/comment/debate/letters/article1996339.ece" onclick="javascript:urchinTracker(’/external/http://www.timesonline.co.uk/tol/comment/debate/letters/article1996339.ece’);">The Times</a>, respresentatives from more than 100 organisations have asked for a government public sector agreement target on multiple needs. ‘This would be a strong lever to ensure services will deliver the integrated package of support that will move people out of deep exclusion for ever.’</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/affordability" title="affordability">affordability</a>, <a href="../../roofblog/tags/tag/homelessness" title="homelessness">homelessness</a>, <a href="../../roofblog/tags/tag/housing-market" title="housing market">housing market</a>, <a href="../../roofblog/tags/tag/house-prices" title="house prices">house prices</a>, <a href="../../roofblog/tags/tag/politics" title="politics">politics</a>, <a href="../../roofblog/tags/tag/anti-social-behaviour" title="anti-social behaviour">anti-social behaviour</a>, <a href="../../roofblog/tags/tag/news" title="news">news</a>, <a href="../../roofblog/tags/tag/interest-rates" title="interest rates">interest rates</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_26">Lunchtime news June 26</a></h2>
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<p class="blog_date">26/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
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<div class="summary">
<p>Planners and developers have called on the government to end uncertainty over the proposed <strong>planning gain supplement</strong>. The <a href="http://www.rtpi.org.uk/item/959/23/5/3" onclick="javascript:urchinTracker(’/external/http://www.rtpi.org.uk/item/959/23/5/3’);"><strong>R</strong><strong>oyal Town Planning Institute</strong></a>, British Property Federation and British Retail Consortium say the current plan is unworkable but the uncertainty is stopping the development of alternatives that could help fund infrastructure for sustainable communities.</p>
<p>There’s some positive news for Tony Blair’s all important legacy. A new <a href="http://www.lse.ac.uk/collections/pressAndInformationOffice/newsAndEvents/archives/2005/LSE_SuttonTrust_report.htm" onclick="javascript:urchinTracker(’/external/http://www.lse.ac.uk/collections/pressAndInformationOffice/newsAndEvents/archives/2005/LSE_SuttonTrust_report.htm’);"><strong>London School of Economics</strong></a> study has found that a decline in <strong>social mobility</strong> in the 1970s and 1980s has levelled off, suggesting that new Labour may have stopped things getting worse. Even so, the study finds that children from poorer families have less chance of improving their lives in Britain than those in most other wealthy countries.</p>
<p>To compound the problems facing children, <a href="http://women.timesonline.co.uk/tol/life_and_style/women/families/article1983887.ece" onclick="javascript:urchinTracker(’/external/http://women.timesonline.co.uk/tol/life_and_style/women/families/article1983887.ece’);"><strong>The Times</strong></a> reports that 10 per cent of five to 16-year-olds suffer from significant <strong>emotional and behavioural problems</strong> (ranging from depression to eating disorders), compared with between five and 10 per cent for adults. The <a href="http://www.iop.kcl.ac.uk/" onclick="javascript:urchinTracker(’/external/http://www.iop.kcl.ac.uk/’);"><strong>Institute of Psychiatry</strong></a> says that the number of teenagers with emotional and behavioural problems has doubled between 1974 and 1999.</p>
<p>Even the <a href="http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/26/cnqueens126.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/26/cnqueens126.xml’);"><strong>big city hedge funds are being hit by the sub-prime meltdown</strong></a> in the US and Britain, reports the Telegraph. <strong>Queen’s Walk Investments</strong>, the ‘elite’ fund run by Cheyne Capital Management, has posted losses of £46m for the first quarter.</p>
<p>The shockwaves are also being felt further down the wealth chain. The <a href="http://www.cccs.co.uk/faqs/faq.aspx" onclick="javascript:urchinTracker(’/external/http://www.cccs.co.uk/faqs/faq.aspx’);"><strong>Consumer Credit Counselling Service</strong></a> says there was a 17.5 per cent increase in the number of people calling its helpline in the first five months of 2007.</p>
<p>Good news, says <strong><a href="http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/26/ccinv126.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/26/ccinv126.xml’);">Tom Stevenson</a></strong> in the Telegraph. ‘The explosion of personal debt…is a dreadful social ill but in the short term it has probably been a net positive for investors because the country’s reckless spending spree has given a boost to corporate profits.’ That’s alright then.</p>
<p>A study by the <strong><a href="http://www.communities.gov.uk/index.asp?id=1510755" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1510755’);">National Housing and Planning Advice Unit </a> </strong>forecasts that by 2026 the cheapest English homes will cost 10 times the average earnings of the poorest 25% of people.</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/development" title="development">development</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_22">Lunchtime news June 22</a></h2>
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<p class="blog_date">22/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
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<div class="summary">
<p>The housing minister will attend Cabinet meetings, <a href="http://www.labour.org.uk/gordon_brown__leader_of_the_labour_party" onclick="javascript:urchinTracker(’/external/http://www.labour.org.uk/gordon_brown__leader_of_the_labour_party’);" target="_blank"><strong>Gordon Brown</strong></a> confirmed in his acceptance speech as the new Labour leader yesterday, while housing will be a priority alongside health and education. The speech is covered in today’s papers including the <a href="http://www.ft.com/cms/s/94e3b9cc-224c-11dc-ac53-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/94e3b9cc-224c-11dc-ac53-000b5df10621.html’);" target="_blank"><strong>Financial Times</strong></a> and <a href="http://comment.independent.co.uk/leading_articles/article2705305.ece" onclick="javascript:urchinTracker(’/external/http://comment.independent.co.uk/leading_articles/article2705305.ece’);" target="_blank"><strong>Independent</strong></a>.</p>
<p>Government plans to build 200,000 homes a year display a ‘poverty of ambition’ according to Conservative housing spokesman <a href="http://www.cih.org/newspreview.php?id=752" onclick="javascript:urchinTracker(’/external/http://www.cih.org/newspreview.php?id=752’);" target="_blank"><strong>Michael Gove</strong></a> speaking at Harrogate last week.</p>
<p>But Tory MPs and councillors are promising a big <strong>revolt</strong> if the party leadership tries to push through more housebuilding in the <strong>South East</strong>, according to today’s <a href="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/25/ntory125.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/25/ntory125.xml’);" target="_blank"><strong>Telegraph</strong></a>.</p>
<p>The worst housing crisis in Britain? The <a href="http://www.theherald.co.uk/mostpopular.var.1493666.mostviewed.the_worst_housing_crisis_in_britain_its_on_our_doorstep.php" onclick="javascript:urchinTracker(’/external/http://www.theherald.co.uk/mostpopular.var.1493666.mostviewed.the_worst_housing_crisis_in_britain_its_on_our_doorstep.php’);" target="_blank"><strong>Herald</strong></a> profiles the <strong>Isle of Arran</strong>, which is says has the <strong>longest waiting list</strong> in the country as a proportion of residents.</p>
<p>Housebuilder <a href="http://investing.reuters.co.uk/news/articleinvesting.aspx?type=companyOutlooksNews&storyID=2007-06-25T090156Z_01_L25256695_RTRIDST_0_PERSIMMON-TRADING-UPDATE-1.XML" onclick="javascript:urchinTracker(’/external/http://investing.reuters.co.uk/news/articleinvesting.aspx?type=companyOutlooksNews&storyID=2007-06-25T090156Z_01_L25256695_RTRIDST_0_PERSIMMON-TRADING-UPDATE-1.XML’);" target="_blank"><strong>Persimmon</strong></a> said the housing market was set to shrug off recent interest rate rises as it reported <strong>higher profit margins</strong> this morning.</p>
<p><strong>Buy-to-let</strong> landlords get <strong>£2bn a year in tax relief</strong> from setting mortgage payments against rental income, according to Saturday’s <a href="http://money.guardian.co.uk/property/buyingtolet/story/0,,2109150,00.html" onclick="javascript:urchinTracker(’/external/http://money.guardian.co.uk/property/buyingtolet/story/0,,2109150,00.html’);" target="_blank"><strong>Guardian</strong></a>. But the <a href="http://money.guardian.co.uk/property/buyingtolet/story/0,,2109925,00.html" onclick="javascript:urchinTracker(’/external/http://money.guardian.co.uk/property/buyingtolet/story/0,,2109925,00.html’);" target="_blank"><strong>Observer</strong></a> warns amateur landlords could be caught out by a crash.</p>
<p><strong>HIPs</strong> for three-bed homes may come in as early as September, says Saturday’s <a href="http://money.guardian.co.uk/news_/story/0,,2110880,00.html" onclick="javascript:urchinTracker(’/external/http://money.guardian.co.uk/news_/story/0,,2110880,00.html’);" target="_blank"><strong>Guardian</strong></a>. But the <a href="http://observer.guardian.co.uk/cash/story/0,,2109762,00.html?gusrc=rss&feed=networkfront" onclick="javascript:urchinTracker(’/external/http://observer.guardian.co.uk/cash/story/0,,2109762,00.html?gusrc=rss&feed=networkfront’);" target="_blank"><strong>Observer</strong></a> says the delay in the timetable is causing chaos in the private rented market.</p>
<p>Ballot papers are going out to 30,000 tenants in <a href="http://www.lambeth.gov.uk/News/250607VotingForLambethALMO.htm" onclick="javascript:urchinTracker(’/external/http://www.lambeth.gov.uk/News/250607VotingForLambethALMO.htm’);" target="_blank"><strong>Lambeth</strong></a> today over the London council’s plan for an <strong>almo</strong>.</p>
<p>Local authoritites should see their first increase in <strong>capital receipts</strong> for four years this year, according to <a href="http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2447" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2447’);" target="_blank"><strong>DCLG</strong></a> figures released on Friday. However, much of the increase will come from a share sale and property deal rather than right to buy sales.</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/social-housing" title="social housing">social housing</a>, <a href="../../roofblog/tags/tag/housing-market" title="housing market">housing market</a>, <a href="../../roofblog/tags/tag/development" title="development">development</a>, <a href="../../roofblog/tags/tag/cave-review" title="cave review">cave review</a>, <a href="../../roofblog/tags/tag/supporting-people" title="supporting people">supporting people</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_21">Lunchtime news June 21</a></h2>
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<div class="post_details">
<p class="blog_date">21/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p>The government will amend the law so that people leaving the <strong>armed services</strong> do not fail to get priority for social housing because they lack a <strong>local connection</strong>, housing minister <a href="http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2448" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2448’);"><strong>Yvette Cooper</strong></a> said today.</p>
<p>At Harrogate, <a href="http://www.cih.org/news/view.php?id=750" onclick="javascript:urchinTracker(’/external/http://www.cih.org/news/view.php?id=750’);" target="_blank"><strong>John Hills</strong></a> warned that social housing could end up <strong>’warehousing the poor’</strong> unless issues of inequality and worklessness were tackled too.</p>
<p>The <a href="http://www.cih.org/news/view.php?id=747" onclick="javascript:urchinTracker(’/external/http://www.cih.org/news/view.php?id=747’);" target="_blank"><strong>CIH</strong></a> said it would consult its 16,000 members on the government’s proposals for <strong>Communities England</strong> but said it was on the right track.</p>
<p><strong>Yvette Cooper</strong> promises <strong>more affordable new homes</strong> in the <a href="http://www.mirror.co.uk/news/topstories/2007/06/21/home-win-89520-19330916/" onclick="javascript:urchinTracker(’/external/http://www.mirror.co.uk/news/topstories/2007/06/21/home-win-89520-19330916/’);" target="_blank"><strong>Mirror</strong></a>. The paper speculates that the spending review will see an extra £3bn for housing and 20,000 extra social rented homes a year.</p>
<p>The <strong>Olympics</strong> organisers may have to evict 36 residents and 13 travellers to make way for the games, reports <a href="http://property.timesonline.co.uk/tol/life_and_style/property/article1963899.ece" onclick="javascript:urchinTracker(’/external/http://property.timesonline.co.uk/tol/life_and_style/property/article1963899.ece’);" target="_blank"><strong>The Times</strong></a>.</p>
<p>103 local authorities have opted for <strong>stock retention</strong> over transfer, almo and PFI, housing minister Yvette Cooper revealed in a <a href="http://www.theyworkforyou.com/wrans/?id=2007-06-20a.142350.h" onclick="javascript:urchinTracker(’/external/http://www.theyworkforyou.com/wrans/?id=2007-06-20a.142350.h’);" target="_blank"><strong>written answer</strong></a> yesterday, while 148 have gone for transfer (with another 32 in development), 40 for almo (11) and 14 for a mix of options (6).</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/social-housing" title="social housing">social housing</a>, <a href="../../roofblog/tags/tag/legal" title="legal">legal</a>, <a href="../../roofblog/tags/tag/almos" title="almos">almos</a>, <a href="../../roofblog/tags/tag/politics" title="politics">politics</a>, <a href="../../roofblog/tags/tag/decent-homes" title="decent homes">decent homes</a>, <a href="../../roofblog/tags/tag/stock-transfer" title="stock transfer">stock transfer</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_19">Lunchtime news June 19</a></h2>
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<div class="post_details">
<p class="blog_date">19/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p>The <a href="http://www.housing.org.uk/default.aspx?tabid=212&mid=828&ctl=Details&ArticleID=491" onclick="javascript:urchinTracker(’/external/http://www.housing.org.uk/default.aspx?tabid=212&mid=828&ctl=Details&ArticleID=491’);" target="_blank"><strong>National Housing Federation</strong></a> has attacked yesterday’s <strong>Cave report</strong> on regulation for being too bureaucratic and short changing tenants (it wanted housing association boards clearly accountable to tenants). However, the <a href="http://www.cih.org/news/view.php?id=743" onclick="javascript:urchinTracker(’/external/http://www.cih.org/news/view.php?id=743’);" target="_blank"><strong>CIH</strong></a> welcomed Cave’s ‘tenant-first approach’.</p>
<p><strong>Ruth Kelly</strong>’s full speech at Harrogate, which includes more on the Cave review and Communities England, is now on the <a href="http://www.communities.gov.uk/index.asp?id=1511482" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1511482’);" target="_blank"><strong>DCLG</strong></a> website.</p>
<p>Also at Harrogate, the key role housing plays in <strong>community cohesion</strong> was highlighted in a speech by <a href="http://www.housingcorp.gov.uk/server/show/ConWebDoc.11339" onclick="javascript:urchinTracker(’/external/http://www.housingcorp.gov.uk/server/show/ConWebDoc.11339’);" target="_blank"><strong>Housing Corporation</strong></a> deputy chief executive Steve Douglas. And <strong>CIH</strong> president Paul Diggory called for <a href="http://www.cih.org/news/view.php?id=740" onclick="javascript:urchinTracker(’/external/http://www.cih.org/news/view.php?id=740’);" target="_blank"><strong>£11.6bn for housing</strong></a> in the spending review and said <a href="http://www.cih.org/news/view.php?id=741" onclick="javascript:urchinTracker(’/external/http://www.cih.org/news/view.php?id=741’);" target="_blank"><strong>buy-to-let tax reliefs</strong></a> were harming first-time buyers.</p>
<p><strong>Mortgage lending</strong> reached a record £30.6bn in May – 5% up on a May 2006 – according to <a href="http://www.cml.org.uk/cml/media/press/1198" onclick="javascript:urchinTracker(’/external/http://www.cml.org.uk/cml/media/press/1198’);"><strong>CML</strong></a> figures released this morning. However, the rate of growth was down from the 12-14% seen in the last few months.</p>
<p>An SNP scheme to give a <strong>£2,000 grant to first-time buyers</strong> in Scotland has been assessed as ineffective in Australia, where the idea was pioneered, reports the <a href="http://www.theherald.co.uk/politics/news/display.var.1483312.0.0.php" onclick="javascript:urchinTracker(’/external/http://www.theherald.co.uk/politics/news/display.var.1483312.0.0.php’);" target="_blank"><strong>Herald</strong></a>.</p>
<p>The <a href="http://www.mirror.co.uk/news/topstories/2007/06/20/labour-risk-poll-backlash-on-homes-89520-19324710/" onclick="javascript:urchinTracker(’/external/http://www.mirror.co.uk/news/topstories/2007/06/20/labour-risk-poll-backlash-on-homes-89520-19324710/’);"><strong>Mirror</strong></a> has details of 47 Labour MPs – including Ruth Kelly – with <strong>majorities smaller than the waiting list</strong> in their area.</p>
<p>Super-rich foreigners are using non-domiciled <strong>tax privileges</strong> to drive up house prices, reports The <a href="http://money.independent.co.uk/property/mortgages/article2679485.ece" onclick="javascript:urchinTracker(’/external/http://money.independent.co.uk/property/mortgages/article2679485.ece’);" target="_blank"><strong>Independent</strong></a>.</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/tenants" title="tenants">tenants</a>, <a href="../../roofblog/tags/tag/social-housing" title="social housing">social housing</a>, <a href="../../roofblog/tags/tag/housing-association" title="housing association">housing association</a>, <a href="../../roofblog/tags/tag/cave-review" title="cave review">cave review</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_15">Lunchtime news June 15</a></h2>
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<div class="post_details">
<p class="blog_date">15/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p><strong>London’s suburbs</strong> are in danger of becoming dormitories with no jobs as they gear up for more new homes, according to a report by the <a href="http://www.london.gov.uk/view_press_release_a.jsp?releaseid=12390" onclick="javascript:urchinTracker(’/external/http://www.london.gov.uk/view_press_release_a.jsp?releaseid=12390’);" target="_blank"><strong>London Assembly</strong></a>.</p>
<p>Housing associations will be able to take greater risks in the financial markets under new treasury management rules, according to <a href="http://www.insidehousing.co.uk/news/article/?id=1449151" onclick="javascript:urchinTracker(’/external/http://www.insidehousing.co.uk/news/article/?id=1449151’);"><strong>Inside Housing</strong></a>.</p>
<p>The <a href="http://www.housingcorp.gov.uk/server/show/ConWebDoc.11159&changeNav=431" onclick="javascript:urchinTracker(’/external/http://www.housingcorp.gov.uk/server/show/ConWebDoc.11159&changeNav=431’);"><strong>Housing Corporation</strong></a> has published a new policy on <strong>resident involvement</strong> that exempts associations with less than 250 homes from the requirement to have at least one resident board member by April 2008 and allows more time for charitable associations and specialist associations to meet the deadline.</p>
<p>Why are <strong>rising bond yields</strong> bad news for the housing market in general and people coming to the end of a fixed-term mortgage in particular? Ashley Seager explains in today’s <a href="http://business.guardian.co.uk/story/0,,2105358,00.html" onclick="javascript:urchinTracker(’/external/http://business.guardian.co.uk/story/0,,2105358,00.html’);" target="_blank"><strong>Guardian</strong></a>.</p>
<p>Reforms of the <strong>legal aid</strong> system are bringing it close to collapse, according to a coalition of charities in <a href="http://observer.guardian.co.uk/cash/story/0,,2104604,00.html" onclick="javascript:urchinTracker(’/external/http://observer.guardian.co.uk/cash/story/0,,2104604,00.html’);" target="_blank"><strong>The Observer</strong></a>.</p>
<p>A rash of new internet companies are setting up schemes to buy homes from people with <strong>payment problems</strong> and rent them back to them, reports the <a href="http://www.ft.com/cms/s/ba3e0aac-1ba7-11dc-bc55-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/ba3e0aac-1ba7-11dc-bc55-000b5df10621.html’);" target="_blank"><strong>Financial Times</strong></a>.</p>
<p><strong>Nottingham City Council</strong> is demanding new powers to control <strong>buy to let</strong> after a surge of investment in parts of the city forced it to consider closing schools because there are not enough families with children, reports Saturday’s <a href="http://money.guardian.co.uk/property/buyingtolet/story/0,,2103971,00.html#article_continue" onclick="javascript:urchinTracker(’/external/http://money.guardian.co.uk/property/buyingtolet/story/0,,2103971,00.html#article_continue’);" target="_blank"><strong>Guardian</strong></a>.</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/social-housing" title="social housing">social housing</a>, <a href="../../roofblog/tags/tag/politics" title="politics">politics</a>, <a href="../../roofblog/tags/tag/wales" title="wales">wales</a>, <a href="../../roofblog/tags/tag/decent-homes" title="decent homes">decent homes</a>, <a href="../../roofblog/tags/tag/migration" title="migration">migration</a>, <a href="../../roofblog/tags/tag/community-relations" title="community relations">community relations</a>, <a href="../../roofblog/tags/tag/stock-transfer" title="stock transfer">stock transfer</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_14">Lunchtime news June 14</a></h2>
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<div class="post_details">
<p class="blog_date">14/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p>The <a href="http://www.libdems.org.uk/news/liberal-democrats-set-out-plans-to-build-a-million-new-affordable-homes-by-2020.12757.html" onclick="javascript:urchinTracker(’/external/http://www.libdems.org.uk/news/liberal-democrats-set-out-plans-to-build-a-million-new-affordable-homes-by-2020.12757.html’);" target="_blank"><strong>Liberal Democrats</strong></a> today dramatically raised the political stakes on housing with a call for a <strong>million new affordable homes</strong> over the next decade. The 100,000-a-year programme would be more than double the current programme.</p>
<p>But housing minister <strong>Yvette Cooper</strong> told the <a href="http://news.bbc.co.uk/1/hi/uk_politics/6750917.stm" onclick="javascript:urchinTracker(’/external/http://news.bbc.co.uk/1/hi/uk_politics/6750917.stm’);"><strong>BBC</strong></a> the Lib Dem figures were ‘flaky and don’t add up’.</p>
<p>The <a href="http://www.integrationandcohesion.org.uk/Our_final_report.aspx" onclick="javascript:urchinTracker(’/external/http://www.integrationandcohesion.org.uk/Our_final_report.aspx’);" target="_blank"><strong>Commission on Integration and Cohesion</strong></a> published its final report this morning arguing that housing has a key part to play in community relations and calling for a boost in supply and greater transparency in allocations. Go here for the <a href="http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2441" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2441’);" target="_blank"><strong>DCLG</strong></a> press release.</p>
<p>Rural affairs minister Barry Gardiner announced a feasibility study to be carried out by <a href="http://www.defra.gov.uk/news/2007/070614a.htm" onclick="javascript:urchinTracker(’/external/http://www.defra.gov.uk/news/2007/070614a.htm’);" target="_blank"><strong>DEFRA</strong></a> and the Houisng Corporation to help overcome local barriers to <strong>rural affordable housing provision</strong>. He was speaking at a Commission for Rural Communities conference marking one year since the report of the Affordable Rural Housing Commision.</p>
<p>Two consortia of housing associations are still in the running to manage the <strong>Cambridge Challenge</strong> with the <a href="http://www.housingcorp.gov.uk/server/show/ConWebDoc.11300/changeNav/431" onclick="javascript:urchinTracker(’/external/http://www.housingcorp.gov.uk/server/show/ConWebDoc.11300/changeNav/431’);" target="_blank"><strong>Housing Corporation</strong></a> expecting to announce the winner of the competion to develop sites in the city by the end of July.</p>
<p><strong>New instructions to sell homes</strong> rose at their fastest rate since the RICS began its survey in 1978 as home owners rushed (needlessly as it turned out) to beat the deadline for HIPs, reports the <a href="http://www.ft.com/cms/s/603b234e-1a14-11dc-99c5-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/603b234e-1a14-11dc-99c5-000b5df10621.html’);" target="_blank"><strong>Financial Times</strong></a>.</p>
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<div class="blog_tags">
<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/social-housing" title="social housing">social housing</a>, <a href="../../roofblog/tags/tag/housing-association" title="housing association">housing association</a>, <a href="../../roofblog/tags/tag/politics" title="politics">politics</a>, <a href="../../roofblog/tags/tag/community-relations" title="community relations">community relations</a>, <a href="../../roofblog/tags/tag/estate-agent" title="estate agent">estate agent</a>, <a href="../../roofblog/tags/tag/rural-housing" title="rural housing">rural housing</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_13">Lunchtime news June 13</a></h2>
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<div class="post_details">
<p class="blog_date">13/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p>A million tenants living in private rented housing are living with the fear of eviction if they compain about poor conditions, according to a report today by <a href="http://www.citizensadvice.org.uk/press_20070613" onclick="javascript:urchinTracker(’/external/http://www.citizensadvice.org.uk/press_20070613’);" target="_blank"><strong>Citizens Advice</strong></a>. The report calls for protection against <strong>retaliatory eviction</strong>. More details are in the next issue of ROOF, published next week.</p>
<p><strong>House prices</strong> have already reached 10 times earnings – the nightmare scenario predicted last week for England by 2026 – in many rural areas, according to Stuart Burgess, chairman of the <a href="http://www.ruralcommunities.gov.uk/events/housingnightmareisalreadyhere" onclick="javascript:urchinTracker(’/external/http://www.ruralcommunities.gov.uk/events/housingnightmareisalreadyhere’);" target="_blank"><strong>Commission for Rural Communities</strong></a>. Speaking ahead of a conference tomorrow, he said prices were already 13 times earnings in areas such as national parks.</p>
<p>Britain’s <strong>top 10 housebuilders</strong> have enough <strong>unused land </strong>with planning permission to build 225,000 homes – double their current output, according to a Royal Town Planning Institute research reported in the <a href="http://www.ft.com/cms/s/970d859e-194a-11dc-a961-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/970d859e-194a-11dc-a961-000b5df10621.html’);" target="_blank"><strong>Financial Times</strong></a> today. RTPI policy director Kelvin MacDonald says in a <a href="http://society.guardian.co.uk/societyguardian/story/0,,2100988,00.html" onclick="javascript:urchinTracker(’/external/http://society.guardian.co.uk/societyguardian/story/0,,2100988,00.html’);" target="_blank"><strong>Guardian</strong></a> article that it is wrong to focus just on the planning reforms as the solution to the housing crisis.</p>
<p>Conservative housing spokeman <strong>Michael Gove</strong> called for a government apology over the collapse of <strong>Move UK</strong>, the national mobility scheme for social tenants, in <a href="http://www.theyworkforyou.com/debates/?id=2007-06-12a.644.9" onclick="javascript:urchinTracker(’/external/http://www.theyworkforyou.com/debates/?id=2007-06-12a.644.9’);"><strong>oral questions</strong></a> in the Commons yesterday. Communities secretary Ruth Kelly said she regretted the collapse and would work to develop the choice-based lettings scheme to offer more mobility.</p>
<p>The <a href="http://www.naea.co.uk/about/latest_news_details.asp?id=347&PageNo=1" onclick="javascript:urchinTracker(’/external/http://www.naea.co.uk/about/latest_news_details.asp?id=347&PageNo=1’);"><strong>National Association of Estate Agents</strong></a> has condemned the new timetable for the introduction of <strong>home information packs</strong> (HIPs) as ‘a shambles’. It wants energy performance certificates should be introduced immediately and the rest of the packs scrapped pending further consultation.</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/tenants" title="tenants">tenants</a>, <a href="../../roofblog/tags/tag/affordability" title="affordability">affordability</a>, <a href="../../roofblog/tags/tag/development" title="development">development</a>, <a href="../../roofblog/tags/tag/house-prices" title="house prices">house prices</a>, <a href="../../roofblog/tags/tag/private-renting" title="private renting">private renting</a>, <a href="../../roofblog/tags/tag/estate-agent" title="estate agent">estate agent</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_12">Lunchtime news June 12</a></h2>
<div class="clearfix">
<div class="post_details">
<p class="blog_date">12/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p><strong>Mortgage interest payments</strong> are at their highest level against incomes in 15 years, according to <a href="http://www.cml.org.uk/cml/media/press/1191" onclick="javascript:urchinTracker(’/external/http://www.cml.org.uk/cml/media/press/1191’);"><strong>Council of Mortgage Lenders</strong></a> figures released this morning. First-time buyers now pay 18.7% of their incomes, the same as in the first quarter of 1992. Although this is still below the peak of 28.1 seen in 1990, 58% of today’s first-time buyers now have to pay stamp duty too.</p>
<p>The figures came the day after a speech by Bank of England governor <strong>Mervyn King</strong> warning that <strong>rates will rise again</strong>. Today’s papers, including the <a href="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/12/nrates112.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/12/nrates112.xml’);" target="_blank"><strong>Telegraph</strong></a>, report that as suggesting they will rise from the current 5.5% to 6%.</p>
<p>Doctors, teachers, employers, churches and trade unions are among 24 groups that have joined a coalition organised by <a href="http://scotland.shelter.org.uk/home/home-815.cfm/pressreleaselisting/1/pressrelease/353/" onclick="javascript:urchinTracker(’/external/http://scotland.shelter.org.uk/home/home-815.cfm/pressreleaselisting/1/pressrelease/353/’);" target="_blank"><strong>Shelter Scotland</strong></a> that will take the case for housing to Scottish politicians tomorrow. They are all backing a call for <strong>30,000 rented homes</strong> over the next three years.</p>
<p>London’s largest <strong>housing associations</strong> say they are using their <strong>surpluses</strong> to support vital community projects while trebling their investment in new homes over the last 10 years and cutting the government grant rate from 68% to 52%. A report launched yesterday by the <a href="http://www.lqgroup.org.uk/info/news/g15-housing-associations-stress-importance-of-surplus-generation-and-effective-partnerships-with-government-agencies,491,AR.html" onclick="javascript:urchinTracker(’/external/http://www.lqgroup.org.uk/info/news/g15-housing-associations-stress-importance-of-surplus-generation-and-effective-partnerships-with-government-agencies,491,AR.html’);" target="_blank"><strong>G15 group</strong></a> counters a study for the Housing Corporation that said large associations have billons of pounds in untapped capacity that should be going into new homes.</p>
<p>Over 40% of first-time buyers have never heard of <strong>affordable housing</strong> schemes and only 15% know if they qualify for one, according to a survey by property website <a href="http://www.whathouse.co.uk/affordable-housing-survey" onclick="javascript:urchinTracker(’/external/http://www.whathouse.co.uk/affordable-housing-survey’);" target="_blank"><strong>What House</strong></a>. When prompted, 60% say the schemes should be open to anyone on the minimum wage and 40% think single parent families should qualify.</p>
<p>The <a href="http://money.independent.co.uk/property/homes/article2646274.ece" onclick="javascript:urchinTracker(’/external/http://money.independent.co.uk/property/homes/article2646274.ece’);" target="_blank"><strong>Independent</strong></a> reports on prototype <strong>zero carbon homes</strong> on show at the Building Research Establishment.</p>
<p>In his <strong>Guardian</strong> column, <a href="http://www.guardian.co.uk/comment/story/0,,2100618,00.html" onclick="javascript:urchinTracker(’/external/http://www.guardian.co.uk/comment/story/0,,2100618,00.html ‘);" target="_blank"><strong>George Monbiot</strong></a> attacks <strong>Olympics</strong> organisers for evicting travellers to make way for the games</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/mortgage" title="mortgage">mortgage</a>, <a href="../../roofblog/tags/tag/affordability" title="affordability">affordability</a>, <a href="../../roofblog/tags/tag/finance" title="finance">finance</a>, <a href="../../roofblog/tags/tag/environment" title="environment">environment</a>, <a href="../../roofblog/tags/tag/housing-association" title="housing association">housing association</a>, <a href="../../roofblog/tags/tag/scotland" title="scotland">scotland</a>, <a href="../../roofblog/tags/tag/interest-rates" title="interest rates">interest rates</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_11">Lunchtime news June 11</a></h2>
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<div class="post_details">
<p class="blog_date">11/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p><strong>House price inflation</strong> accelerated to 11.3% in April, according to the <a href="http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2436" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2436’);" target="_blank"><strong>DCLG index</strong></a> this morning.</p>
<p>But<strong> housing markets</strong> are vulnerable to a <strong>collapse</strong> on a ‘global scale’, according to research by ABN Amro reported in the <a href="http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=421199&in_page_id=57&ct=5" onclick="javascript:urchinTracker(’/external/http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=421199&in_page_id=57&ct=5’);" target="_blank"><strong>Daily Mail</strong></a>. Claims that a continuing property shortage in the UK will lead to ever-rising prices ‘have as much credibility as Britney Spears’ latest comeback’.</p>
<p>Credit rating agency Standard & Poor’s has issued a warning about risky mortgage lending in the buy to let and sub-prime sectors, reports today’s <a href="http://www.ft.com/cms/s/66938290-17b7-11dc-86d1-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/66938290-17b7-11dc-86d1-000b5df10621.html’);" target="_blank"><strong>Financial Times</strong></a>.</p>
<p>The <a href="http://business.guardian.co.uk/story/0,,2099894,00.html" onclick="javascript:urchinTracker(’/external/http://business.guardian.co.uk/story/0,,2099894,00.html’);"><strong>Guardian</strong></a> reports research from Hometrack about the <strong>missing first rung</strong> of the housing market that was first highlighted in the last issue of ROOF.</p>
<p><strong>Homeless acceptances</strong> in the first quarter of 2007 were <strong>17% down</strong> on a year ago, according to <a href="http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2438" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2438’);" target="_blank"><strong>DCLG</strong></a> homlessness statistics published this morning.</p>
<p>The <a href="http://www.theherald.co.uk/mostpopular.var.1460861.mostviewed.a_200_000_poisoned_chalice.php" onclick="javascript:urchinTracker(’/external/http://www.theherald.co.uk/mostpopular.var.1460861.mostviewed.a_200_000_poisoned_chalice.php’);" target="_blank"><strong>Herald</strong></a> covers the <strong>£200,000 job</strong> that nobody seems to want despite a global search – succeeding Michael Lennon as chief executive of <strong>Glasgow Housing Association</strong>.</p>
<p>Meanwhile, the <strong>housing crisis</strong> got extensive coverage in the weekend press:</p>
<p>The <a href="http://money.guardian.co.uk/property/buyingtolet/story/0,,2098623,00.html" onclick="javascript:urchinTracker(’/external/http://money.guardian.co.uk/property/buyingtolet/story/0,,2098623,00.html’);" target="_blank"><strong>Guardian</strong></a> continued its coverage of ‘locust’ <strong>buy to let</strong> investors with a feature on how they have laid communities to waste in a ‘feeding frenzy’.</p>
<p>In the <a href="http://www.timesonline.co.uk/tol/comment/columnists/minette_marrin/article1909826.ece" onclick="javascript:urchinTracker(’/external/http://www.timesonline.co.uk/tol/comment/columnists/minette_marrin/article1909826.ece’);" target="_blank"><strong>Sunday Times</strong></a>, <strong>Minette Martin</strong> called for a building boom – including the green belt if necessary.</p>
<p>A leader in the <a href="http://www.telegraph.co.uk/opinion/main.jhtml;jsessionid=XZR1Q3GM34CGVQFIQMGCFF4AVCBQUIV0?xml=/opinion/2007/06/10/do1003.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/opinion/main.jhtml;jsessionid=XZR1Q3GM34CGVQFIQMGCFF4AVCBQUIV0?xml=/opinion/2007/06/10/do1003.xml’);" target="_blank"><strong>Sunday Telegraph</strong></a> says the crisis is about to hit home, with political consequences for the government. And a business news story predicts that ‘<a href="http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/10/cnhousing110.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/10/cnhousing110.xml’);" target="_blank"><strong>housing, housing, housing’</strong></a> will define the Brown government as much as ‘education, education, education’ did Blair.</p>
<p>The <a href="http://money.guardian.co.uk/firsttimebuyers/story/0,,2099633,00.html" onclick="javascript:urchinTracker(’/external/http://money.guardian.co.uk/firsttimebuyers/story/0,,2099633,00.html’);" target="_blank"><strong>Observer</strong></a> cites figures from the Nationwide showing that mortgages now account for half the income of <strong>first-time buyers,</strong> up from a third only three years ago.</p>
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<div class="blog_tags">
<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/mortgage" title="mortgage">mortgage</a>, <a href="../../roofblog/tags/tag/affordability" title="affordability">affordability</a>, <a href="../../roofblog/tags/tag/homelessness" title="homelessness">homelessness</a>, <a href="../../roofblog/tags/tag/housing-market" title="housing market">housing market</a>, <a href="../../roofblog/tags/tag/house-prices" title="house prices">house prices</a>, <a href="../../roofblog/tags/tag/scotland" title="scotland">scotland</a>, <a href="../../roofblog/tags/tag/buy-to-let" title="buy to let">buy to let</a>, <a href="../../roofblog/tags/tag/stock-transfer" title="stock transfer">stock transfer</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_8">Lunchtime news June 8</a></h2>
<div class="clearfix">
<div class="post_details">
<p class="blog_date">08/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p>Action to stop <strong>anti-social private tenants</strong> blighting housing developments will be a top priority for Communities England, reports <a href="http://www.insidehousing.co.uk/news/article/?id=1449101" onclick="javascript:urchinTracker(’/external/http://www.insidehousing.co.uk/news/article/?id=1449101’);" target="_blank"><strong>Inside Housing</strong></a>.</p>
<p>Most of today’s papers, including the <a href="http://www.ft.com/cms/s/c9f580e2-155d-11dc-b48a-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/c9f580e2-155d-11dc-b48a-000b5df10621.html’);" target="_blank"><strong>Financial Times</strong></a>, speculate that <strong>interest rates</strong> will rise again soon despite yesterday’s decision to hold at 5.5%</p>
<p><a href="http://property.timesonline.co.uk/tol/life_and_style/property/investment/article1898876.ece" onclick="javascript:urchinTracker(’/external/http://property.timesonline.co.uk/tol/life_and_style/property/investment/article1898876.ece’);" target="_blank"><strong>The Times</strong></a> interviews <strong>buy-to-let landlords</strong> determined to hold on to their investments despite rising interest rates. They include one couple buying a house for their children, currently aged 10 and six.</p>
<p>Financial and staffing issues are stopping local authorities from tackling the shortage of affordable homes, according a <strong>survey of housing managers</strong> by the Improvement and Development Agency and CIH reported in <a href="http://society.guardian.co.uk/localgovt/story/0,,2097882,00.html?gusrc=rss&feed=9" onclick="javascript:urchinTracker(’/external/http://society.guardian.co.uk/localgovt/story/0,,2097882,00.html?gusrc=rss&feed=9’);" target="_blank"><strong>Society Guardian</strong></a>. The agency has just published the first of a series of papers on the <a href="http://www.idea.gov.uk/idk/core/page.do?pageId=6132520" onclick="javascript:urchinTracker(’/external/http://www.idea.gov.uk/idk/core/page.do?pageId=6132520’);" target="_blank"><strong>strategic housing role</strong></a>.</p>
<p><strong>A house for £50,000?</strong> Perhaps, if you don’t mind it being on the small side. The BBC’s Rajesh Mirchandani tries out an eight foot by eight foot cube house. Watch <a href="http://news.bbc.co.uk/1/hi/magazine/6733385.stm" onclick="javascript:urchinTracker(’/external/http://news.bbc.co.uk/1/hi/magazine/6733385.stm’);" target="_blank"><strong>here</strong></a>.</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/anti-social-behaviour" title="anti-social behaviour">anti-social behaviour</a>, <a href="../../roofblog/tags/tag/local-government" title="local government">local government</a>, <a href="../../roofblog/tags/tag/interest-rates" title="interest rates">interest rates</a>, <a href="../../roofblog/tags/tag/buy-to-let" title="buy to let">buy to let</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_6">Lunchtime news June 6</a></h2>
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<div class="post_details">
<p class="blog_date">06/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p><strong>House price inflation</strong> slowed to 10.6% in May, according to the <strong><a target="_blank" href="http://www.hbosplc.com/economy/includes/07_06_07HousePriceIndexMay2007.pdf" onclick="javascript:urchinTracker(’/external/http://www.hbosplc.com/economy/includes/07_06_07HousePriceIndexMay2007.pdf’);">Halifax</a></strong> [downloads PDF] this morning, after a monthly rise of 0.3%.</p>
<p>The <strong><a target="_blank" href="http://www.bankofengland.co.uk/publications/news/2007/059.htm" onclick="javascript:urchinTracker(’/external/http://www.bankofengland.co.uk/publications/news/2007/059.htm’);">Bank of England</a></strong> held <strong>interest rates</strong> at 5.5% today. The move was welcomed by the <strong><a target="_blank" href="http://www.cml.org.uk/cml/media/press/1185" onclick="javascript:urchinTracker(’/external/http://www.cml.org.uk/cml/media/press/1185’);">Council of Mortgage Lenders</a></strong>, but it warned that 2.8m borrowers on fixed rate loans face rises in repayments in the next two years.</p>
<p>The <strong><a target="_blank" href="http://www.communities.gov.uk/index.asp?id=1510755" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1510755’);">National Housing Advice and Planning Unit</a></strong> is launched today with a <strong><a target="_blank" href="http://www.communities.gov.uk/index.asp?id=1510913" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1510913’);">report</a></strong> predicting that affordability will continue to worsen because not enough new homes are being built. Today’s papers, including the <strong><a target="_blank" href="http://www.telegraph.co.uk/news/main.jhtml;jsessionid=C3GYXZ2TBICLZQFIQMFCFFOAVCBQYIV0?xml=/news/2007/06/07/nhouse107.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/news/main.jhtml;jsessionid=C3GYXZ2TBICLZQFIQMFCFFOAVCBQYIV0?xml=/news/2007/06/07/nhouse107.xml’);">Telegraph</a></strong>, highlight its prediction that house prices will reach 10 times average earnings by 2026 unless planning rules are reformed.</p>
<p>The general union <strong><a target="_blank" href="http://www.gmb.org.uk/Templates/PressItems.asp?NodeID=95603" onclick="javascript:urchinTracker(’/external/http://www.gmb.org.uk/Templates/PressItems.asp?NodeID=95603’);">GMB</a></strong> today called for a <strong>fourth option</strong> for council housing and a cabinet minister for housing. <strong><a href="http://www.defendcouncilhousing.org.uk/dch/" onclick="javascript:urchinTracker(’/external/http://www.defendcouncilhousing.org.uk/dch/’);">Defend Council Housing</a></strong> said that comments by Gordon Brown at the union’s conference this week signalled a major shift in policy. Answering a question about the fourth option, the prime minister-elect said: ’We will give help to councils by new means, by which they can build houses themselves.’</p>
<p>Climate change and environment minister <strong><a target="_blank" href="http://www.gnn.gov.uk/Content/Detail.asp?ReleaseID=289761&NewsAreaID=2" onclick="javascript:urchinTracker(’/external/http://www.gnn.gov.uk/Content/Detail.asp?ReleaseID=289761&NewsAreaID=2’);">Ian Pearson</a></strong> has promised action on <strong>fuel poverty</strong> alongside the energy white paper.</p>
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<div class="blog_tags">
<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/homelessness" title="homelessness">homelessness</a>, <a href="../../roofblog/tags/tag/house-prices" title="house prices">house prices</a>, <a href="../../roofblog/tags/tag/housing-association" title="housing association">housing association</a>, <a href="../../roofblog/tags/tag/politics" title="politics">politics</a>, <a href="../../roofblog/tags/tag/decent-homes" title="decent homes">decent homes</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_52">Lunchtime news June 5</a></h2>
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<div class="post_details">
<p class="blog_date">05/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p><strong>Gordon Brown</strong> will back a major new programme of <strong>rented housing</strong> and hint that councils should be allowed to build homes again in a speech today to the annual conference of the general union GMB, reports <a href="http://politics.guardian.co.uk/gordonbrown/story/0,,2095320,00.html" onclick="javascript:urchinTracker(’/external/http://politics.guardian.co.uk/gordonbrown/story/0,,2095320,00.html’);" target="_blank"><strong>The Guardian</strong></a>.</p>
<p><a href="http://www.englishpartnerships.co.uk/page.aspx?pointerid=CAA9321012274F60BFB2B936FCCCD513" onclick="javascript:urchinTracker(’/external/http://www.englishpartnerships.co.uk/page.aspx?pointerid=CAA9321012274F60BFB2B936FCCCD513’);" target="_blank"><strong>English Partnerships</strong></a> has invited expressions of interest in what will be England’s first large-scale<strong> zero carbon</strong> development. Developers will have to achieve the highest rating in the code for sustainable homes in a 150-home scheme on a former hospital site in Bristol.</p>
<p>A <a href="http://business.timesonline.co.uk/tol/business/money/mortgages/article1884381.ece" onclick="javascript:urchinTracker(’/external/http://business.timesonline.co.uk/tol/business/money/mortgages/article1884381.ece’);" target="_blank"><strong>Times</strong></a> analysis of the <strong>housing market </strong>asks whether there will be a crash and says buy-to-let investors could hold the key.</p>
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<div class="blog_tags">
<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/social-housing" title="social housing">social housing</a>, <a href="../../roofblog/tags/tag/housing-market" title="housing market">housing market</a>, <a href="../../roofblog/tags/tag/development" title="development">development</a>, <a href="../../roofblog/tags/tag/environment" title="environment">environment</a>, <a href="../../roofblog/tags/tag/buy-to-let" title="buy to let">buy to let</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_4">Lunchtime news June 4</a></h2>
<div class="clearfix">
<div class="post_details">
<p class="blog_date">04/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p>The Sunday papers, including the <a href="http://observer.guardian.co.uk/business/story/0,,2093892,00.html" onclick="javascript:urchinTracker(’/external/http://observer.guardian.co.uk/business/story/0,,2093892,00.html’);"><strong>Observer</strong></a> and <a href="http://observer.guardian.co.uk/business/story/0,,2093892,00.html" onclick="javascript:urchinTracker(’/external/http://observer.guardian.co.uk/business/story/0,,2093892,00.html’);"><strong>Independent</strong></a>, were full of speculation about a downturn in the <strong>housing market</strong> and whether the Bank of England will increase <strong>interest</strong> rates again when it meets on Wednesday.</p>
<p>The number of people taking out <strong>mortgages</strong> of more than <strong>30 years</strong> has doubled in the last two years, according to a <a href="http://www.ft.com/cms/s/be2477e4-10a5-11dc-96d3-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/be2477e4-10a5-11dc-96d3-000b5df10621.html’);"><strong>Financial Times</strong></a> investigation which says millions could be paying off their home loans into retirement. Go <a href="http://www.ft.com/cms/s/698b0d10-10a5-11dc-96d3-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/698b0d10-10a5-11dc-96d3-000b5df10621.html’);"><strong>here</strong></a> for a case study of a Leeds couple who could only afford to buy with a 40-year, 100% loan.</p>
<p>Meanwhile the <a href="http://www.ft.com/cms/s/361aa206-1073-11dc-96d3-000b5df10621.html" onclick="javascript:urchinTracker(’/external/http://www.ft.com/cms/s/361aa206-1073-11dc-96d3-000b5df10621.html’);"><strong>FT</strong></a> says up to a million borrowers could see their <strong>mortgage costs</strong> rise by a third in the next 12 months as cheap deals come to an end.</p>
<p>More and more buy-to-let landlords are having their investment properties repossessed because of the recent interest rate hikes, reports the <a href="http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/04/nrates104.xml" onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/04/nrates104.xml’);"></a><strong><a onclick="javascript:urchinTracker(’/external/http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/06/04/nrates104.xml’);">Telegraph</a></strong>.</p>
<p>Buy to let landlords aren’t the only ones feeling the pinch, according to the Mail. Up to a million homeowners are facing ‘a <a href="http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=459606&in_page_id=1770&ct=5" onclick="javascript:urchinTracker(’/external/http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=459606&in_page_id=1770&ct=5’);" style="font-weight: bold">mortgage timebomb</a>’ warns the paper.</p>
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<p><strong>Tags: </strong><a href="../../roofblog/tags/tag/mortgage" title="mortgage">mortgage</a>, <a href="../../roofblog/tags/tag/housing-market" title="housing market">housing market</a></p>
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<h2><a href="../../roofblog/2007/06/lunchtime_news_june_1">Lunchtime news June 1</a></h2>
<div class="clearfix">
<div class="post_details">
<p class="blog_date">01/06/2023</p>
<p class="blog_author"><strong>Posted by:</strong><br/>Julian Birch</p>
</div>
<div class="summary">
<p>All six <strong>Labour deputy leadership</strong> candidates tell today’s <a href="http://www.insidehousing.co.uk/news/article/?id=1449087" onclick="javascript:urchinTracker(’/external/http://www.insidehousing.co.uk/news/article/?id=1449087’);" target="_blank"><strong>Inside Housing</strong></a> (see <a href="http://www.insidehousing.co.uk/news/article/?id=1449082" onclick="javascript:urchinTracker(’/external/http://www.insidehousing.co.uk/news/article/?id=1449082’);" target="_blank"><strong>here</strong></a> too) that they back the ‘<strong>fourth option</strong>’ of direct investment in council housing.</p>
<p>The three new statutory <strong>tenancy deposit schemes</strong> have protected the deposits of 66,000 tenants worth £58m in its first two months of operation, according to new figures released yesteday by the <a href="http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2432" onclick="javascript:urchinTracker(’/external/http://www.communities.gov.uk/index.asp?id=1002882&PressNoticeID=2432’);" target="_blank"><strong>DCLG</strong></a>.</p>
<p>The <strong>Housing Corporation</strong> has published a new <a href="http://www.housingcorp.gov.uk/server/show/ConWebDoc.11185/changeNav/431" onclick="javascript:urchinTracker(’/external/http://www.housingcorp.gov.uk/server/show/ConWebDoc.11185/changeNav/431’);" target="_blank"><strong>guidance note</strong></a> it says will release high-performing housing associations from detailed <strong>regulation</strong> and a new policy on <a href="http://www.housingcorp.gov.uk/server/show/ConWebDoc.11179/changeNav/431" onclick="javascript:urchinTracker(’/external/http://www.housingcorp.gov.uk/server/show/ConWebDoc.11179/changeNav/431’);"><strong>resident involvement</strong></a> as well as a set of <a href="http://www.housingcorp.gov.uk/server/show/nav.440" onclick="javascript:urchinTracker(’/external/http://www.housingcorp.gov.uk/server/show/nav.440’);"><strong>regional reviews</strong></a>.</p>
<p>London is facing a serious shortage of <strong>specialist supported accommodation</strong>. A <a href="http://www.housing.org.uk/newsroom/view.asp?newsid=702&title=New+research+reveals+failure+to+provide+supported+homes+for+most+vulnerable" onclick="javascript:urchinTracker(’/external/http://www.housing.org.uk/newsroom/view.asp?newsid=702&title=New+research+reveals+failure+to+provide+supported+homes+for+most+vulnerable’);"><strong>joint report</strong></a> by the National Housing Federation, Mayor of London and the Housing Corporation says almost 6,000 places will be needed in the next 10 years for vulnerable and socially-excluded people.</p>
<p>The <strong>housing market</strong> is clearly <strong>softening</strong> in the wake of interest rate rises, according to a market commentary published by the <a href="../../cml/filegrab/1MarketCommentary1June-ref-5399.pdf" onclick="javascript:urchinTracker(’/external/http://www.cml.org.uk/cml/filegrab/1MarketCommentary1June.pdf?ref=5399’);" target="_blank"><strong>CML</strong></a> [downloads PDF] today. The <a href="http://www.nationwide.co.uk/hpi/" onclick="javascript:urchinTracker(’/external/http://www.nationwide.co.uk/hpi/’);"><strong>Nationwide</strong></a> said yesterday that house price inflation rose again in May to 10.3% but that the market was weakening.</p>
<p>First-time buyers now account for just 10.3% of sales, according to the <a href="http://www.naea.co.uk/about/latest_news_details.asp?id=345&PageNo=1" onclick="javascript:urchinTracker(’/external/http://www.naea.co.uk/about/latest_news_details.asp?id=345&PageNo=1’);" target="_blank"><strong>National Association of Estate Agents</strong></a>. The April figure was down from 12.6% in March – and 29% in 2000.</p>
<p>Today’s papers, including the <a href="http://business.timesonline.co.uk/tol/business/money/mortgages/article1867880.ece" onclick="javascript:urchinTracker(’/external/http://business.timesonline.co.uk/tol/business/money/mortgages/article1867880.ece’);" target="_blank"><strong>Times</strong></a>, interpret the fall in mortgage approvals reported by the Bank of England. as another sign of decline. The <a href="http://news.independent.co.uk/business/analysis_and_features/article2600453.ece" onclick="javascript:urchinTracker(’/external/http://news.independent.co.uk/business/analysis_and_features/article2600453.ece’);" target="_blank"><strong>Independent</strong></a> weighs up the mixed evidence in a longer feature.</p>
<p>Gordon Brown must look at <strong>tax reform</strong> to curb the growth in <strong>buy to let</strong>, says the <a href="http://www.guardian.co.uk/commentisfree/story/0,,2092968,00.html" onclick="javascript:urchinTracker(’/external/http://www.guardian.co.uk/commentisfree/story/0,,2092968,00.html’);" target="_blank"><strong>Guardian</strong></a> in a leader today.</p>
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