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The week in housing: fraud, cladding and the looming recession

By 31/01/2021No Comments

A weekly round-up of the most important headlines for housing professionals

Picture: Getty

Picture: Getty

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A weekly round-up of the most important headlines for housing professionals #ukhousing




Meanwhile, Boris Johnson told the House of Commons that a plan would be coming soon, with the smart money on the plan from advisor Michael Wade to attempt to impose loans on affected leaseholders – a desperately unpopular policy with those affected, which has already been badged a ‘cladding tax’.

And figures from London showed the growing cost of the crisis with 2,000 mortgage applications currently on hold just within the city’s largest housing associations. This represents a financial challenge for the housing association sector, which is losing out on this sales income as well as the obvious and growing crisis for residents.

Scotland’s Budget contained some disappointing news for the sector, with affordable homes budgets cut by 16%. Housing minister Kevin Stewart blamed cuts from Westminster and said they had “protected the housing budget from this as much as we can”.

And finally, if you’re in the mood for a longer read, I have spent some time outlining the key reasons the welfare system is failing to prevent people from falling into rent arrears.

Peter Apps, deputy editor, Inside Housing

Editor’s picks: five must-read stories

  1. The holes that must be fixed in our welfare safety net
  2. A look at the year ahead: the big issues for housing in 2021
  3. Scammers seek thousands of pounds from individual investors for fake housing association bond
  4. Let’s move away from the soundbites. This is what a successful housing strategy should look like
  5. Nearly 2,000 housing association sales and mortgage renewals on hold in London due to EWS

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