Mortgage lenders call for government help

Article Abstract:

UK mortgage lenders face a difficult market in 1995, and reduction sin interest rates have not increased demand for mortgages. Potential buyers are influenced by likely changes in the price of what they buy, in addition to interest rates, their future income and government subsidies. Turnover in the market has fallen to between 8% and 9% of homes from 12% during the 1980s when interest rates were higher. The government has reduced subsidies through the tax and social security system, and there are calls for this policy to be reversed.

Economic aspects

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Private fund created to purchase council farms

Article Abstract:

A private fund has been set up in the UK to acquire farms owned by local government bodies. There are 46 county councils which own such property in the UK. The total amount of land is 340,000 acres valued at nearly 300 million pounds sterling with tenants and almost 600 million pounds as vacant properties. The fund has been set up by Kleinwort Benson, a merchant bank, and Peter Pragg, a land agent, and the proposals are being considered by local government bodies.

Economic policy, Local government

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LPs are in the groove

Article Abstract:

Aspects of limited partnerships are examined in detail from the point of view of investors in the British real estate industry. Tax efficiency and other aspects are explained.

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