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Linden respond to government report

Philip Davies, chief executive of Linden Homes, says the Government
must take some blame for the growing prominence of buy to let investors. highlighted in the recently released report.

The government report ‘Affordability and the Supply of Housing’ says the investors are “distoring local housing markets.”

Davies says: “The growing army of private landlords criticised in this report is the direct result of the Government’s planning policy which requires housebuilders to build high density homes on the limited land released for
development, in other words, apartments.

“Developments of family homes are becoming like gold dust as they fail to
meet the criteria of local planning authorities who are dictated to by
central government planning policy, meaning housebuilders are having to
adapt their product to suit what they are permitted to build.

“Linden Homes built 70% houses and 30% apartments five years ago, but now this is reversed to 70% apartments and 30% houses and it is young families who are suffering.

“Hopefully this report will drive the issue home to the government. Local
authorities should have more power to decide the housing mix required by
their local community and housebuilders, who understand the market, should
be permitted to get on with the job.”


MPLC to sponsor golf event at Mortgage Summit

Mortgages PLC is to sponsor the golf event on the final day of the Mortgage Summit in Jerez on June 23. The event will form part of the lender’s 2006 PGA Challenge and will offer delegates the chance to qualify for the UK final at Brocket Hall on July 3, where they could win a […]

JEREZ 2006: Retention fees the way forward

Speaking at todays Mortgage Summit in Jerez today lenders agreed that retention fees should be the way forward for lenders,Tim Hague, director at BM Solutions, says it is currently looking at its retention fee offering and he is sure that other lenders will follow suit.Charles Haresnape, managing director of mortgages at Bank of Scotland says […]

Brokers don’t expect to pay World Cup penalty

Over half of Mortgage Strategy Online readers last week voted that the World Cup would have no effect on their business. Just 43% thought it would. Whether hunting for mortgages and houses wins out over flat screen TVs and booze, only time will tell. This week Mortgage Strategy asks: “Do you feel confident about Home […]

Good start to 2006 for RBS

The Royal Bank of Scotland says its first half results for 2006 are positive, with a boost in retail markets from consumers’ move away from unsecured loans to savings and investments.


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