Sunday, Oct 15, 2006

Council-tax payers money given to property speculators

The Observer: Loans plan to tackle scandal of Britain's empty homes

Kent County Council last week launched a 5m fund which will provide interest-free loans to landlords, developers and owners to cover the cost of renovation and refurbishment of about 9,000 empty properties in the east of the county.

...... the county is working with councils ...... to offer any owner of an empty property - or anyone considering buying one - interest-free loans for renovation or refurbishment......

Posted by midlandred @ 12:55 PM (505 views)
Add Comment
Report Article

23 Comments

1. Devildel said...

So we are using tax payers money to give to Landlords to do up their houses??
How ridiculous is that..
Why not use the new laws to remove the property from the landlord and the council is able to rent it out

This Goverment is just abusing all our taxes!!! Giving them to all the wrong people!

Sunday, October 15, 2006 06:55PM Report Comment
 

2. sirgoogle said...

So where is the "housing shortage" or is this another myth put about by a VI (the building industry).

Sunday, October 15, 2006 09:09PM Report Comment
 

3. sirgoogle said...

Dev - Agree

Robbing the poor to give to the rich ....

Sunday, October 15, 2006 09:10PM Report Comment
 

4. sovietuk said...

Quite often the Landlords are council executives. Taxing the poor people to make their greedy lifestyles more and more decadent.

Sunday, October 15, 2006 09:48PM Report Comment
 

5. paul said...

Here's an experiment, ask someone why your local council is so inefficient, and you'll get one of two answers:

1. Private sector worker: "They've got no incentive to work, so they should be sacked."
2. Public sector worker: "They've got no incentive to work, so they should be given a pay rise"

This problem is being tackled in with exactly the same mentality as number 2. Landlords are pricing themselves out of the market so have empty houses so instead of stinging them for council tax to make them sell up (which is what happens in some counties), pay the landlords more to make it more profitable for them.

That's it, I've had enough. I'm voting conservative in the next election I'm sorry to say. Them or Ming the Monkey.

Sunday, October 15, 2006 09:54PM Report Comment
 

6. sovietuk said...

Paul, Ming the Boer War Veteran

Sunday, October 15, 2006 09:58PM Report Comment
 

7. tyrellcorporation said...

Paul, I'm amazed it's taken you so long to be disillusioned with the current crop of crooks!

In a fit of madness I voted them twice - all I can say is that my flirtation with labour has been very short and very costly - both personally and, I feel, for the country as a whole.

I just hope the revitalised Conservatives can pull the UK back from the brink...



Sunday, October 15, 2006 10:08PM Report Comment
 

8. waitingfor hpc said...

one word to say about this WRONG. This is socialist govt messing with markets YET AGAIN. Never voted labour .. cried the day they got in ... and been proved right.
Just hope the people that voted for them pay the price!
Big bang is coming..... went to a wedding at the weekend .. whole table agreed housing was over priced and a bubble .. and that the govt was **IT.
Fed up with immigrants , asylum, stupid nanny state, taxation, public waste, debt, inflation and other figures being fudged. They all knew and agreed ..... ? So not long now as people are waking up from the matrix.... but the country has been fu*ked.
I am a Roman Catholic, and white ... aparently the minority in the UK ! Now if i have kids they can not go to a religous school without 25% non followers - WHY? Christian schools have been around for hundreds of years in the UK. It is the Muslims that have changed all this - I will leave the UK if this continues.

Monday, October 16, 2006 10:36AM Report Comment
 

9. tyrellcorporation said...

I think finally the UK is waking up to what's happening. We are considerably worse off after 9 years of Labour. Less competitive, higher taxes, Orwellian Big Brother state, uncontrolled immigration, boom & bust economy, massacred manufacturing, bloated public sector, failing hospitals, dumbed down education, proliferation of Quangos, Iraq, chronic ethnic segragation, runaway STDs, teenage pregnancies, obesity, truancy and crime, people trafficking/modern slavery... the list is endless...

Monday, October 16, 2006 10:48AM Report Comment
 

10. Sam said...

lol, for most people who to vote for comes down to two options.

I can't beleive he's not a tory bliar.

and,

I can't beleive they've cloned tony! Cameron.

oh, for what it's worth about 6 months ago Cameron had been to press days with Kirsty Alsoop who's been 'advising' him on problems with housing supply and demand.

Cameron will to little to fix the problem, he'll let the bad time roll for a while and blame labours '13' years so banks can make as much money as possible.

Monday, October 16, 2006 11:31AM Report Comment
 

11. inbreda said...

tyrell, you're right - the list is long and painful.

WaitingforHPC - as a devout atheist I don't think there should be any religious schooling whatsoever, and likewise no intervention in the state from religious groups (et v.v.).

I think you should count yourself lucky that your kids can sit in a school with as high a percentage of brainwashed weakminded religious nutcases as 75%. I won't try to outlaw Roman Cathiolic schools any more than I will try to outlaw Muslim schools. Please don't make me choose one over the other.

Do you make a profession out of finding differences, creating barriers and thinking of reasons to hate other people? You're human, "they" are human - end of.

Monday, October 16, 2006 11:40AM Report Comment
 

12. devil's advocate said...

Perhaps a labour government being responsible for people trafficking is a little harsh.Must agree on the rest though. Went for a meal with a teacher friend last night. She said they have a number of children that have learning difficulties that cam e up from primary school without basic reading and arithmetic skills. Because they are so far behind the curriculum and they do not have the ability to keep the kids back a year (as in the US) or the staff to tutor them independantly they will come out of the system illiterate. What a nightmare

Monday, October 16, 2006 11:42AM Report Comment
 

13. Ticktock said...

I still find it hard to believe that Labour could be considered in any way socialist! Fascist maybe, but socialist?.... and you believe that the conservatives might be any better?

Dont you get it yet? It makes no difference who you vote for, we do NOT live in a democracy. Power resides way above the phoney PR people that we get to 'choose' between.

Dont vote. Only when the level of participation in the game drops below 50% will we have the 'constitutional crisis' that is necessary for the posibility of any REAL change.

Monday, October 16, 2006 12:11PM Report Comment
 

14. geed said...

WFHPC; The Uk has its problems, one of them is massively overinflated housing values. That is what this site is for. The price of a home is not influence by race or creed. Please keep this rational I will not partake in unfounded bigotry.

Monday, October 16, 2006 12:52PM Report Comment
 

15. Cstanhope707 said...

I agree with your comments but the Conservatives are just a stupid with Little Lord Cameron at the helm. Until they get rid of that clown I will be voting UKIP.

Little Lord Cameron actually said he thought Gordon Brown was doing a good job and wants to keep mortgage rates low i.e keep the big con going...

Monday, October 16, 2006 01:07PM Report Comment
 

16. miniftse said...

Immigrants , asylum, stupid nanny state, taxation, public waste, debt, inflation and other figures being fudged...that (Roman Catholic?) wedding sounds like a right blast!

Monday, October 16, 2006 01:22PM Report Comment
 

17. Renter said...

waiting for hpc

i am slightly concerned by the consensus at your wedding bash.I fear this kind of unified sentiment points to the bubble (undisputed) getting bigger before it pops.However, I guess that one favourable indicator is that my wife is getting sick and tired of the ridicule her 'friends' are throwing in her direction and as a result thinks it is imperative that we jump back into the market (we sold last year) before we are ruined forever.I live in stockbroker belt in Surrey which was the first area to 'benefit' from the ripple effect of those silly bonuses dished out to bankers/hedgies last Christmas. Interestingly I see that Barclays/Woolwich are now enabling this lot to buy a squillion pound pad before they even get paid! If the Stock market pops (probable in my opinion but who knows when) then there will be no bonus but there will be a gutter.I never like to see other people miserable but I would laugh my c**k off if it happened tomorrow - sorry couldn't help it.
By the way anyone old enough to remember the crash (stocks) of '87 will be aware that the housing market followed shortly afterwards.When this thing starts to go the hardest thing to do will be not to jump in at the first signs of weakness. I remember an old sage telling me back in 1989 (4 years before the bottom) advising me not to go to an auction yet as it was only going to get cheaper. 'I will only buy when the experts (economists) have officially proclaimed the death of real estate'.

Monday, October 16, 2006 01:32PM Report Comment
 

18. inbreda said...

waiting for hpc - isn't the 25% rule something that has been introduced to prevent 100% muslim schools DESPITE the fact that as you say, there have been 100% christian schools for a long time.

Maybe you owe the muslims an apology.

Monday, October 16, 2006 01:48PM Report Comment
 

19. harold said...

Guys - I know that immigration is an important topic. However, we did have a long, and for the most part constructive debate about this issue at the weekend. I like this blog, but... yawn. The article in question is about council-tax payers money given to property speculators, not faith schools.

Come on, get a grip.

Monday, October 16, 2006 01:48PM Report Comment
 

20. P. Doff said...

Here's a good one for you on a related topic :- Did a BTL valuation last week. Chap was buying a small terraced house which was marketed for sale or rent. The buyer purchased with the intention of renting it out and had a prior agreement with the council to rent it to them for 535 PM. However, the agents asking rental was 390 PM. It had also been on the rental market for 3 months with no takers. Now isn't that a case of council tax subsidising the BTL market, especially as the council agrees to return the property (eventually) in the same condition. Go figure.

Monday, October 16, 2006 04:35PM Report Comment
 

21. Cstanhope707 said...

I thought the Councils were going to get new powers to reposess houses that were left unoccupied for more than 6 months..

Monday, October 16, 2006 06:08PM Report Comment
 

22. This comment has been removed as it was found to be in breach of our Blog Policies.

 

23. Michael Brown said...

I recently did a study of the Spanish construction market (if you think the UK has a problem take a look at the Spanish market which is quite breath-takingly overpriced). One of the most amazing statistics is that of the 20 million houses in Spain roughly 1 million are rented and 6 million are counted as empty. 3 million are second homes which leaves 3 million really really empty. The government has recently launched a program similar to the one from Kent county council but on a massively larger scale. If I were a property speculator that would be where I would start....if I didnt think the whole thing was going to explode in a year or two....

Monday, October 16, 2006 06:38PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies