ROOF Blog

Buy-to-let investors are back in favour with mortgage lenders for the first time in two years, raising renewed concerns that first-time buyers could once more be squeezed out of the market for one and two-bedroom properties by landlords. Brokers said that a number of lenders have started to focus on attracting landlords with more favourable interest rates, after a long period of freezing them out. Despite the credit-fuelled boom and subsequent collapse of the buy-to-let market, which left many city centre flats empty and landlords unable to complete purchases, the lenders that are now re-entering the market perceive their customers as less risky than first-time buyers.

Plans for a national register of social housing tower blocks in England are being outlined by the Tenant Services Authority (TSA). The social housing regulator’s national register will hold details on ownership, the number of properties and the age of the tower block. It will also list the date of the last fire risk assessment and the date of the next assessment. The TSA will begin collecting data from housing associations in February 2010. Phil Morgan, Executive Director, Tenant Services said, ‘The register will be a valuable tool, allowing us to build up a comprehensive picture of tower blocks in England. It will allow us to work with landlords to ensure that they are fully complying with their responsibilities to carry out risk assessments and taking appropriate action so that tenants are properly protected from the risk of fire.’

Frontline services such as social work, meals on wheels and road maintenance may have to be cut to cover the cost of controversial plans for elderly care at home, local authority leaders have warned. The £670 million required to provide free care for those most in need in their own homes — a key government policy — will add pressure to councils already trying to find multimillion-pound savings. A rise in council tax of between 1 and 2 per cent will be needed to meet the cost, while cuts in adult and childrens’ social care services are an ‘unwanted but very real possibility’, council chiefs have said. The draft Bill, set out in the Queen’s Speech in November, was described by Labour peers as an ‘exocet’ on social-care reform and ‘a demolition job’ on budgets, while MPs and care providers have also criticised it for being ill-conceived and uncosted.

More than 900,000 homes and businesses in England and Wales could be at the highest risk of flooding by 2035 without increasing investment in defences, the Environment Agency has warned.

The agency said the number of properties at the highest risk of inundation could rise by 60 per cent from current figures of 560,000, as it outlined a new five-year strategy, including plans to protect an extra 200,000 homes and businesses from flood waters.

The agency said that in the past five years, 156,000 properties had been protected against flooding.

Chief executive Paul Leinster said: ‘Less waste is going to landfill, more properties are protected against flooding, pollution incidents have halved since 2000 and there are more fish and wildlife in lakes and rivers.’

But he warned: ‘Climate change is already affecting the UK and the challenges we face as a result are only going to get tougher and more properties could be at increased flood risk.’