News
18-Jan-08
A member of the Bank of England's Monetary Policy Committee (MPC) has hinted that he supports a cut to the base rate of interest sooner rather than later.Deputy governor of the Bank and MPC member Sir John Gieve hinted at his support for a reduction durin...
Market is stronger than it was in the 90s
18-Jan-08
We are not about to see a property price crash on the scale seen in the 1990s, according to one expert.CB Richard Ellis believes that prices will actually rise by around three per cent in 2008, reports the Telegraph.The firm is confident that prices will ...
Jobs stats won't postpone rate cut
18-Jan-08
The latest employment figures reveal that more people got themselves jobs in the three months to November 2007, but future projections point to less healthy times ahead.With this in mind, Dr John Philpott, chief economist at the Chartered Institute of Per...
Landlords receive tax returns reminder
17-Jan-08
People who own investment properties in London and elsewhere in the UK need to get their self-assessment tax returns in before the January 31st deadline.HM Revenue & Customs (HMRC) has warned landlords and other self-employed people not to miss the da...
London airport expansion will boost house prices
17-Jan-08
The value of properties close to London City Airport may increase as the hub expands.In the last 12 months, passenger numbers at the airport have increased by 23 per cent.However, although many people may see this as a negative thing for local homeowners,...
Brits overspend on home improvements
17-Jan-08
A quarter of Britons who carry out home improvement work underestimate how much the projects will cost.That is according to Halifax, which reveals that around one million people undervalue the expenses involved by approximately £4,500.It means that B...
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Print this articleEmpty homes campaign picks up speed
11-Jan-08
There are growing calls for the government to do more to tackle the issue of empty homes in the UK.
Halifax wants tax breaks to be offered to those who buy empty properties and renovate them, either to live in or sell again within 12 months.
These ideas have received public support, according to the bank, with 64 per cent of respondents to a survey saying that they want the government to take action.
Halifax claims that one in four Britons have lived on a street where there has been an empty property and says that getting these homes back on the market will help to alleviate the UK's affordability problems.
"It's great to see that the public is behind our campaign to bring empty homes back into the housing stock," said Jaedon Green, head of mortgage sales at Halifax.
"Halifax calls on the government to extend existing VAT and council tax discounts to encourage the renovation of empty houses, thus making them homes," he added.
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