Archive for January, 2010

Countless ‘We Buy Any House’ Companies Can’t Help The Homeless Of Aberdeen

Monday, January 11th, 2010

Thousands of home owners across the UK are finding it tricky to get a buyer for their property, despite the ‘we buy any house‘ companies that are availble, but did you know that there are just as many people who are struggling to actually find a home. And we aint talking on the property market, we’re talking the homeless population of the UK.

There are many reasons why these people are homeless, including all of the obvious and such reasons as repossession and forced sales. And it’s not getting any easier for this group of people as Aberdeen City Council has recently failed to provide hundreds of homeless people with a property. The local authority left 289 homeless people and families out in the cold between April and September last year as they were not offered any temporary accommodation.

Forget A Quick House Sale To Avoid Rising Sea Levels, Live On The Ocean Waves!

Friday, January 8th, 2010

Fancy a new home with a difference? How’s about a decommissioned oil rig?

No really, according to a new report by the Royal Institute of British Architects and the Institution of Civil Engineers, North Sea oil platforms should be towed to coastal areas at risk of flooding from rising sea levels. This would see them converted into homes, shops and mini towns and means those considering a quick house sale so they can move inland now have another option.

You may laugh (i did) but UK Climate Projections predict that by 2095, just 85 years from now, sea levels would rise by up to 76cm. Already, about ten million people live in areas at risk of flooding in England and Wales and this proposal suggests an air of British spirit, instead of retreating, attack and embrace all in one.

Sell And Rent Back Figures Overlooked, Say Tories

Wednesday, January 6th, 2010

According to Conservative estimations, the true number of repossessions in 2009 was double that which the Government reported. Figures from the Council of Mortgage Lenders revealed there were 48,000 repossessions in 2009 but if the Tories are correct this number should be closer to 100,000.

The reason why the Opposition thinks there were twice as many is because the Govt. haven’t included sell and rent back situations. This is when a property owner sells up and rents back their home from the buyer because they can no longer afford mortgage repayments. A lot of people in the UK avoid repossession and keep their home this way, so the Tories may be on to something.

House Sale Prices Rise As Industry Reports Solid Figures

Monday, January 4th, 2010

UK house builder, Bovis Homes, has cast an optimistic light on the housing market through the release of its tremendous 2009 figures. The results add to an increasing air of optimism surrounding the housing market in 2010 and Bovis already have 643 homes ordered, up 50% on 2009.

In 2009 Bovis’s average sale price went up to £154,600, an increase of 2.5% on 2008 and the average house sale price of one of their home’s was £165,500. And it’s not just Bovis that are showing signs of a recovering market. Other major construction companies including Balfour Beatty also reported that they were on target to meet their 2009 order book and despite the economic climate, its finances were still strong.

Repossession Threatens Tenants With Only 24 Hours Notice

Friday, January 1st, 2010

If you’re a tenant, you’ll want to read this but it won’t make you happy… did you know that you can be evicted with just 24 hours notice? If your landlord doesn’t keep up with mortgage repayments and is repossessed, the law only requires you receive a day’s notice.

It’s a seriously worrying loophole for millions across the UK and each year, 3000 people find themselves homeless with only 24 hours warning. But thankfully, someone is stepping up to give tenants more rights and close this legal loophole. Labour Minister Brian Iddon has put forward his Mortgage Repossessions (Protection of Tenants) Bill which would give tenants up to 2 months notice of a repossession.

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