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Prescott pledges housing association homes are not for sale

Prescott also promised to limit the right of council tenants to buy their homes.

Speaking at a debate in sustainable communities at the party&#39s conference on Sunday, Prescott pledged that housing association homes are not for sale.

He says: “The Tories talk about part ownership, but all they want to do is extend the Right to Buy to all housing associations. Well, it ain&#39t going to happen. Those homes are not for sale.

“We&#39ve spent over £40bn on Right to Buy, we&#39ve got to ask ourselves. are we getting value for money.

“Instead of chasing the market with ever increasing discounts, why don&#39t we give more tenants an equity share which they can take with them.”


Burns-Anderson receives scope of permission notice

John Hayden, business development director, says: “Reaching this milestone demonstrates Burns-Anderson&#39s commitment towards these market sectors, its members and underpins the recently-launched mortgage & general insurance services.”

MN could face legal battle

It seems that, while the club and network was sold in February to Freedom Finance, there had been a rival bid from Scarborough. A writ issued by the society&#39s solicitor Addleshaw Goddard claims it spent £243,000 on external advisers and £102,000 internally as it prepared to buy Mortgage Next. MN declined to comment following legal […]

Bristol & West improves offset range

The specialist lender now has five standard offset loans available, in addition to offset mortgages for self certification and Buy-to-Let customers. The range ensures that there is an offset loan available to meet every possible need. A range of rates and terms are available, including, two year capped offset mortgage, 5.74% for term, capped at […]

B&B dismisses claims it is facing staff walkout

Recent reports in the national press speculated that staff were concerned about the incentive scheme B&B introduced for them in January, leading to the possibility of a staff backlash. There have been accusations that the scheme requires advisers to sell a set number of policies to receive bonuses rather than recommend deals that best suit […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]


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