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Mark Prisk replaces Grant Shapps as housing minister


The Minister for business and enterprise Mark Prisk has replaced Grant Shapps as housing minister, who has become the new Conservative Party chairman.

Prisk has been in his role at the Department of Business, Innovation and Skills since May 2010. He was elected as the MP for Hertford and Stortford in 2001 and is a chartered surveyor by profession.

Housing minister Grant Shapps (pictured) has been confirmed as the new Conservative Party chairman and is promoted to the cabinet as a minister without portfolio.

Shapps replaces Baroness Warsi, who becomes senior foreign office minister and will attend the Cabinet as the minister for faith and communities.

The housing minister has come under heavy criticism by the mortgage industry at times for some of his policy ideas, like urging lenders to offer “mates mortgages” and 30-year fixed rates, and for poor house building figures during his time in the position.

Elsewhere, Treasury financial secretary Mark Hoban is moving to become employment minister within the Department for Work and Pensions.

Iain Duncan Smith is set to remain in his role as work and pensions secretary as prime minister David Cameron continues his first ministerial reshuffle.

The BBC reports that Cameron wanted to keep Duncan Smith in place as a “strong reformer”. He is believed to have turned down the role of justice secretary.

Justice secretary Ken Clarke will also remain in cabinet but has been moved to a roving economic brief as minister without portfolio.

Other moves include Michael Gove remaining as education secretary and international development minister Andrew Mitchell becoming Government chief whip.

Environment secretary Caroline Spelman and Welsh secretary Cheryl Gillian have also left the Government.


Whitehouse leaves Mortgage Alliance

LSL Property Services last week confirmed that Phil Whitehouse had left his role as head of its mortgage club The Mortgage Alliance. Whitehouse had been in charge of the mortgage club since 2007 and before that had a six-year stint at Pink Home Loans as its corporate relationship manager. The club was sold by Santander […]

Yorkshire BS tightens interest-only criteria

Yorkshire Building Society has tightened its interest-only criteria for borrowers planning to use the sale of their home as the repayment vehicle by reducing the maximum loan-to-value available from 75 per cent to 50 per cent. For borrowers using the sale of their home as the method of repayment the loan at the end of […]


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  • Leasehold reform 7th September 2012 at 8:23 pm

    The Rowner Regeneration hailed by the main three parties as a great event–however £113’000 was stolen from the leaseholders service account prior to the regeneration– plus seven years of the Leasehold Valuation Tribunal,because of disputes over outrageous service charges– we now have the Rowner Regeneration which is in fact a First Wessex/ Common Purpose spin.

  • Paul Roper 5th September 2012 at 5:57 am

    Leasehold-leasehold-leasehold our 800 year old feudal system–any change now Shapp’s would’t do anything– At Trafalgar Court Mundesley eleven years off going to the Leasehold Valuation Tribunal to no avail— At Rowner again the Leasehold valuation tribunal involved for seven years and now it’s all being knocked down–Th Rowner Regeneration is going on!