On Wednesday, we blogged about the new housing strategy that the London Mayor, Boris Johnson, has put forward. It plans to scrap affordable housing targets for the Capital and as a side-effect, make it much harder for people to qualify for the Homebuy programme run by the Government.
This is because Boris will be raising the household income limit to £74,000 from £60,000 but as a sweetner, or a distraction depending how you look at it, he’s said that around 50,000 affordable homes would be built by 2012. Despite the indifferent welcome for the new strategy, the Mayor did say that near £40m has been spent by London boroughs bringing 1,700 empty or repossessed houses back into use.
Tags: avoid repossession, house repossession, repossession, repossession order, stop repossession