The party conference season gives MP’s a chance to play rough and have a swing at existing arrangements. At last week’s excellent Liberal Democrat conference in Brighton, Vince Cable, business secretary in the coalition government, made proposals to increase the stock of social housing. As well as introducing regulated Mortgage Rescue Schemes to allow families struggling with repayments to sell all or part of the equity in their house and rent it back from a housing association or private firm to help keep them in their homes, Mr Cable said.
“After years of this Government’s apathy, which allowed the housing market to boom hopelessly out of control, millions are now feeling the painful consequences of a market in freefall.
Now is also the time to allow councils and Registered Social Landlords to borrow against their assets to buy up unsold properties and sites from building companies in order to replenish the social housing stock, to deal with the current 1.67 million households on social housing waiting lists.” Continue reading “The housing market will rise from the bunker”
Boadicea's Chariot 