View more on these topics

Extra £70m annually for affordable housing

New proposals to amend local authority regulations on capital receipts could release up to £70 million each year for the provision of affordable housing.

A consultation published yesterday on regulations, allowing councils greater freedom and flexibility to manage their housing assets, is proposing to enable them to replace inefficient housing with modern dwellings better suited to the needs of today&#39s tenants.

Housing Minister Jeff Rooker says: “We expect local authorities to warmly welcome the new flexibility afforded them. This will encourage authorities to dispose of vacant land, surplus or inefficient properties, as well as encouraging them to provide more affordable housing.”

Local authorities will have up to 100% of the capital receipt to spend, as long as it is spent on affordable housing. The consultation will be carried out with local authorities and housing organisations as well as members of the public.


N&P urges homeowners to grow good habits

Norwich and Peterborough Building Society has revealed the results of its latest environmental survey as National Tree Week (20th November – 1st December 2002) approaches. Although three quarters (75%) of all those surveyed see climate change as something to be worried about, compared to 80% who were asked the same question in 2001, 25% still […]

New appointment at Best Advice Mortgage Centre

Best Advice Mortgage Centre has appointed a new business development manager to help market the Best Advice Mortgage Network, a new service for intermediaries which is due to be launched at the end of this year. Charles Jarrett joins Best Advice from Trigold, the mortgage sourcing company, where he was head of direct sales. Previously, […]

The Finance Centre unveils £3m sub-prime incentive scheme

Newcastle-based packager The Finance Centre (TFC) is to launch a major incentive scheme to intermediaries worth nearly £3 million over the next five months. The Finance Centre will unveil the venture today at the Business Expo 2002, which is being held at London&#39s Earl&#39s Court and Olympia exhibition centre. A total of 8,000 vouchers &#45 […]

How to avoid getting trapped in a net

It may seem a little bizarre for the chairman of a network to say that mortgage brokers, facing the approach of the new compliance regime, should not join a network, but that is exactly what I now believe.I should make it clear that I am not abandoning my IFA colleagues. I do feel that networks […]


News and expert analysis straight to your inbox

Sign up