View more on these topics

Boris pledges home help

Conservative candidate for London Mayor Boris Johnson has pledged to encourage the renovation of empty homes, release dormant housing and build 50,000 more homes to help out first-time buyers.

Johnson says that if he is elected as mayor, he will launch a first steps housing scheme for first-time buyers who are not eligible for current Government schemesHe says that he will release GLA-owned land and use £130m from the regional housing pot to fund the scheme. He has also pledged to increase shared-ownership schemes by a third for low-income families.

Johnson says that he will aim to build 50,000 more affordable homes by 2011 and invest £60m from the regional housing pot to start renovating London’s 84,205 empty properties.

He will offer incentives to boroughs to release dormant housing and encourage councils to deliver more family-sized homes.

Johnson also promises to help to protect private tenants from unscrupulous landlords by publishing an online fair rents guide and exploring the possibility of a tenant deposit scheme with a guaranteed arbitration period of one month.

He says: “After eight years under Ken Livingstone, housing waiting lists in some areas have almost tripled while fewer affordable homes are being built and the quality of developments has declined.

“The number of first-time buyers in the city has almost halved. We urgently need fresh thinking to get more homes built and to give a helping hand to those who want to own their own home.”

London & Country technical manager Richard Morea says: “Anything that is designed to help first-time buyers is welcome. There are a lot of people excluded from current schemes because they are not key workers so I think making it more broadly available is a very good idea and will probably keep more people in London. It also makes great sense to release GLA-owned land and renovate empty properties.”


NatWest International launches structured deposit account

NatWest International is offering investors a guaranteed structured deposit account which provides protected capital and a diversified portfolio.The account, titled Autopilot, protects the initial capital payment provided money is deposited for a full five year term. Its portfolio comprises developing equity markets, emerging equity markets, property and gold. NatWest says the fund observes the price […]

Bear necessities

As I enjoyed a couple of weeks R&R, far away from the problems of the credit crunch, the near collapse of Bear Stearns almost scuppered an article I had prepared in anticipation of my absence. The day was saved by satellite TV, the internet and an unusually understanding wife. I was grateful that I had bought her some jewellery on the flight to our destination.

Equitable Life ‘in good shape’ for potential buyers

Equitable Life chairman Vanni Treves says the society is still looking for a buyer but could happily remain as a stand-alone business.Announcing its preliminary results for 2007, Equitable Life says it has made some “major achievements” in the past 12 months including transferring £4.6bn of its fixed pensions to Canada Life.Last year also saw it […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm