|
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.
|