Bridging Finance News

Local boroughs would soon be empowered to make decisions over housing budgets within the communities that they operate, Mayor Boris Johnson said. The mayor addressed the press, while releasing a report called ‘A Framework for Devolved Delivery’.

The National Housing Federation (NHF), which represents 1300 independent, not-for-profit housing associations in England, has welcomed the empowerment of the boroughs and the granting of greater control of housing budgets.

Dino Patel, London Regional Manager of National Housing Federation, said, “Any initiative which leads to the building of more affordable housing is to be welcomed.” He also said, “Our members are willing to work with local authorities and the GLA (Greater London Authority) at a local level to deliver this.”

Earlier this month, Grant Shapps, the minister for housing made an interesting announcement. He said that communities where more homes are built would be given extra financesLocal boroughs would soon be empowered to make decisions over housing budgets within the communities that they operate, Mayor Boris Johnson said. The mayor addressed the press, while releasing a report called ‘A Framework for Devolved Delivery’.
The National Housing Federation (NHF), which represents 1300 independent, not-for-profit housing associations in England, has welcomed the empowerment of the boroughs and the granting of greater control of housing budgets.
Dino Patel, London Regional Manager of National Housing Federation, said, “Any initiative which leads to the building of more affordable housing is to be welcomed.” He also said, “Our members are willing to work with local authorities and the GLA (Greater London Authority) at a local level to deliver this.”
Earlier this month, Grant Shapps, the minister for housing made an interesting announcement. He said that communities where more homes are built would be given extra finances that may be spent on play facilities or for council tax discounts.
that may be spent on play facilities or for council tax discounts.

• If you are considering a bridging loan, Masthaven is ideal for your financial needs, so get in touch.

It is bad news for students who wish to study by taking education loans. The recent issue of Student Debt Survey says that the expected debt that a student is likely to pay at the end of the education has been increased by 5.4% since 2009. As a result, students would have to pay a whopping £25,000 as debt at the end of the education.

The reason is that although Student Loan Company helps them to pay their fees, the students are finding it difficult to live on the money provided. Hence they take extra loans through other sources, which are leaving them with mounting debts at the end of the education.

The government’s proposed graduation tax is not a proper solution for this situation. According to this proposal, the student can pay the debt later when he or she is working, but the amount payable would be much larger than the actual debt. This situation will definitely have an impact on the student community, which will think twice before going for further education.

Masthaven is a competitive and quick way to meet your short term loan needs.

Contradictory reports from the Royal Institution of Chartered Surveyors (Rics) and the National Association of Estate Agents were published about the current property market in UK.

The National Association of Estate Agents (NAEA) reported that July was one of the strongest months for the real estate market.

According to this report, there was a rise in the number of householders hunting for a new property.

On the other hand, the Royal Institution of Chartered Surveyors (Rics) wrote about falling house prices and low demand for real estate.

Commenting about this, Timothy Lambert, the Head of Consulting at property investment consultancy, Ducalian, said that many first-time buyers would buy property since they believe that if they do not do so, they will miss the bottom of it.

“You also have pressure on the banks to lend, particularly after the recent profit announcements, where virtually all are back in the black,” he added. “However, they know there is likely to be a second dip, so [they] are not aggressive with their lending yet.”
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