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World2Rights.Com

 

Fixing housing - the World2Rights toolkit is at hand.

1. 'Right-to-buy' long-term unoccupied property in return for a 're-development commitment'. Absentee owners obliged to sell at independently established fair market prices.

2. A national database of unoccupied and derelict property. A Council Tax surcharge for long-term unoccupied property - exemptions available where the owner is 'actively seeking' tenants or a buyer.

3. In areas of housing shortage, the rent-a-room scheme will be extended so that £10,000 of rental income is tax free per household.

4. All new developments to include areas of high density housing e.g. 3 storey town-houses around communal gardens and squares.

5. A Government backed part-purchase market for houses for key workers and the low paid.

6. 'Right-to-buy' derelict land in return for a commitment to ecological enhancement. The current owner, responsible for its neglect, will be obliged to sell at an independently determined fair market price. Ecological enhancement could include some house-building balanced with agriculture, parkland or managed woodland on the same plot.

7. Regional policy. Work with the grain of market forces to encourage relocation away from the south east. All councils with housing waiting lists obliged to offer grants for relocation to other parts of the country. The Treasury and other government departments should relocate outside of the South East.

8. Mortgage lenders will be obliged to offer their best mortgage deals to both new and existing customers and to spell out, in advance, how they will vary rates in relation to base rate changes. This will result in lower search and transaction costs, greater comparability of products and increased market efficiency. There would still be rate-based competition between lenders and the base rate would remain an effective instrument of monetary policy. A general move to fixed rate mortgages is not supported because this would nullify the key instrument of monetary policy.

9. A national database of every estate agent's valuation compared to the eventual selling price. This is to enable monitoring of the accuracy of agents' valuations. This will reduce the inflationary bias of estate agents towards over-valuation.