Government slated over mortgage subsidy cuts

Article Abstract:

Building societies and charities have been among organisations which have criticised the changes planned by the UK government to income support payments for unemploymed home-owners. Under the new regime, which is set to come into effect in Oct 1995, new borrowers would receive no government help for nine months after becoming unemployed, with existing borrowers receiving no help for two months. Building societies warn that this could lead to higher mortgage rates for borrowers, while charities fear a rise in repossession rates.

Laws, regulations and rules, Mortgages

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Waterside developments see increase in demand

Article Abstract:

The waterside property sector is starting to see a revival, with rents at the leading Southampton, UK, developments, for example, having risen recently. These is now a shortage of supply, and this has led to an increase in prices. Buyers are tending to focus on larger berths, and 10 mt berths are now in oversupply. Towns offering waterside properties include Brighton, Portsmouth and Poole.

United Kingdom, Waterfront development

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BES properties available for residential investors

Article Abstract:

Johnson Fry Properties is to manage the sale of a 12 million pounds sterling portfolio of properties purchased through Business Expansion Scheme (BES) companies. These could be the first of many BES investments to be made available to residential investors. The portfolio is producing a total income of 1.2 million pounds sterling a year.

Investments, Real estate industry

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