11th December 2013
The Residential Landlords Association has complained that government plans to ensure that flood insurance is widely available will not extend to private rental property, leaving landlords vulnerable to massive financial burdens.
Days after much of England's east coast suffered some of the most serious flooding in over half a century, the RLA is seeking clarification from the government over its flood insurance proposals currently going through parliament.
The Flood Re scheme aims to ensure that f...
11th December 2013
The average British home has seen its value rise by £10,329 during 2013 - or by £28.30 a day.
And in London, the average property has risen by £46,398 over the course of the year.
According to property website Zoopla.co.uk's data, the only region to see average home prices fall this year is Yorkshire and The Humber, down 0.4%.
The average property value in Britain now stands at £244,289, a rise of 4.4%.
In England, semi-detached houses have recorded the biggest increase ...
10th December 2013
Two and a half million British adults will take out loans to heat their homes this Christmas, a social landlord's poll has revealed.
Circle Housing's survey found that around seven million (15%) British adults will take out a loan over the festive period to cover costs.
More than a third of borrowers (35%) plan to take out loans just to pay their winter energy bills, while around four million people need help just to put festive food on the table.
More worryingly, one in twenty (5%) borrowers w...
6th December 2013
Social landlord Sanctuary Group has raised £150 million through a public bond issue.
The funds will be used to deliver the 95,000-home provider's ongoing development programme.
The deal brings the total amount raised by Sanctuary on the markets in the past two years to £450m. A £300m bond was issued in April 2012 and is due in 2047.
Barclays and Lloyds Bank acted as joint lead managers on the transaction, for which Sanctuary, the UK's largest social landlord, was awarded credit rati...
29th November 2013
Eric Pickles has slammed local authorities for claiming they have no money while stuffing billions of taxpayers' cash into their "municipal piggy banks".
New figures from the Department for Communities and Local Government show that councils increased their cash reserves by over 20% in real terms since 2010 to 2011. Reserves now stand at over £19 billion - an increase of £2.6bn in the last year alone.
The communities secretary has now called on local authorities to consider whether...
21st November 2013
Nearly half of Edinburgh's council tenants hit by the bedroom tax have not applied for extra help to pay their rent.
According to Edinburgh Council's housing leader, cllr Cammy Day, only around 1,500 of the 3,000 tenants affected by the controversial under-occupancy policy have applied for help through DHPs (discretionary housing payments).
The Council was awarded extra funds from the Scottish government in September, bringing the total available for DHPs to over £3 million.
Recent figures from the counci...
19th November 2013
Coventry-based social landlord Whitefriars Housing is urging its tenants to check their benefits entitlement after discovering that £15 million in tax credits go unclaimed in the city each year.
The 18,000-home provider's number-crunching of figures from HM Revenue and Customs revealed that around 6,000 families in Coventry are not receiving the tax credit and/or working tax credits that they are entitled to.
Whitefriars conducted the work as part of its remit within the Coventry Partner...
18th November 2013
Repairs and maintenance giant MITIE Group PLC has announced profits of £62.3 million.
The FTSE 250 company, which employs 70,000 people across the UK and Europe, saw its revenues soar by 10.5% to £1,044.6m in the six months to 30 September.
The firm, which describes itself as a 'strategic outsourcing company', won several large contracts in the period, including:
A five-year £50m engineering maintenance contract with a care provider.
A three-year £38m contract to pro...
18th November 2013
The average cost of renting a home in London is 209% more expensive than the rest of Britain, according to the latest rental index from Move With Us.
Despite the huge disparity, advertised prices in the capital are actually £42 down on this time last year.
Meanwhile, the average cost of renting across the whole of Britain rose by £7 (0.75%) last month. The average nationwide cost to rent at the end of October was £975 per month.
Throughout the first half of 2013, the South East...
15th November 2013
The government has awarded £5.9 million to the Liverpool City Region to support 4,900 young people into work.
This funding will be used to support those with the most needs, including those with disabilities and care leavers, to help them access jobs that businesses are creating locally.
It will also be used to put young people in greater control of the support that they receive by giving them a personal budget. This can be used in a variety of ways including buying in support to develop their...