New money for councils to tackle rogue landlords
Councils across the country will receive £4 million to tackle rogue landlords in their areas. Housing Minister Kris Hopkins said 23 councils will share the funding to help them take on landlords that provide their tenants with squalid and dangerous properties. Among the councils included are Barnsley (£230,000), Blackpool (£293,000), Derby (£238,000) and Sheffield (£145,000).
“The majority of tenants are happy with their home,” said Kris Hopkins, “but the private rental market is still afflicted by too many unscrupulous Scrooges, miserly landlords who rent dangerous, dirty and overcrowded properties without a thought for the welfare of their tenants.”
Housing is a key issue for Londoners
A poll by Ipsos MORI among Londoners carried out on behalf of London Councils shows that, without prompting, a quarter mentioned the affordability of housing as a more important issue facing London than transport/public transport (23%), crime (14%) and immigration (10%). Four in five agreed that there is a “housing crisis in London” (64% strongly). Asked to give the main reasons for the crisis (again without prompting), 47% said affordability/house prices, 39% over-population/immigration, 37% the lack of building or supply or investment.
House prices up by nearly £12,000 in 2013
Average prices rose by nearly £11,920 according to LSL Property services with the highest December yearly rise since 2007 (£1,489) making the average price £240,134, a new record for England & Wales. West Midlands experienced the second highest regional price growth after London.
David Newnes, director of LSL Property Services said: “Without doubt, the market is moving full steam ahead. However, we’re certainly not in the bubble zone here, with price growth and sales both still some way off the pre-crisis peak. Momentum is sweeping across the board with new record high house prices in areas beyond the capital, ranging from the West Midlands to East Anglia. Attention is moving away from the north south divide and other regions are stepping out of the shadow of London’s more buoyant property market.”
House purchase loans at six year high
December was the best month for home lending in six years, according to the latest report from chartered surveyor e.surv. There were 77,918 loans made to homebuyers in December, the highest number since November 2007 and a 40% increase in home loans over the past year. High LTV lending has increased at an even faster rate.
Richard Sexton, director of e.surv chartered surveyors, said: “There is still a long road to travel before the mortgage market is fully recovered from the hangover of the financial crisis. But the recovery is quickening, and the end is beginning to appear on the horizon. High LTV lending has exploded in the past 12 months, and it is now far easier to take out a mortgage with a smaller deposit saved. There has been something of a festive dip in high LTV lending in the last month, likely to be the result of lower equity borrowers paying for Christmas and delaying their move until the New Year. High LTV lending should continue its recovery in the coming months, but it’s important that Help to Buy remains in place to help support borrowers in building a deposit, enabling them to access better rates, and cheaper deals.”
Pictured is a three bedroom cottage for sale for £99,950 in Woodhouse Lane, Horsehay, Telford, on with DB RobertsTagged in: house prices, landlords, london, mortgages
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