For what it's worth
House sales among the corporate estate agents - those owned by financial institutions - rose by a paltry 5 per cent in May compared with the disastrous April figures. The figures prompted the agents to issue the latest call for help for the housing market, asking for stamp duty to be scrapped, mortgage tax relief for first-time buyers to be increased and for the Government to drop its plan to cut income support for home-owners who lose their jobs. The last two measures also turned up on the list of requests published last week by the Council of Mortage Lenders. The most plausible of its suggestions focus on the restructuring of Miras (mortgage interest tax relief). The CML
suggests it should be concentrated on first-time buyers only and extended to new savings schemes for mortgage deposits.
Bryan Richardson, the chairman of Coventry City Football Club, is planning a close season property transfer from Surrey to the West Midlands. Mr Richardson is selling Outwood House, an impressive period property six miles from the M25, for pounds 650,000 through Strutt & Parker. The former Warwickshire cricketer is looking to buy something equally splendid in the Worcester/Warwickshire area.Reuse content