Author: tradehandles
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Expect a cut on house prices in November
Responding to the MPC decision to hold interest rates at 5.75 per cent, the Council of Mortgage Lenders (CML) says that the hold was widely expected but that a cut in November remains the most likely prospect. Michael Jones, CML director general, said: We did not expect the Bank to cut rates today, but we…
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Three Valleys out of supervision
The Housing Corporation has announced that, following a series of improvements, it has removed Three Valleys Housing from supervision. The corporation placed Three Valleys Housing, which owns and manages around 5,200 homes in the Erewash area of Derbyshire, under supervision in April 2006 because of concerns about its governance and viability. The corporation used its…