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Governor of the Bank of England thinks Northern Ireland's House Prices Are Not Keeping Pace With Rest Of UK

Governor of the Bank of England thinks Northern Ireland’s House Prices Are Not Keeping Pace With Rest Of UK

Northern Ireland House Prices Not Keeping Pace With Rest Of UK

Mr Carney told the Andrew Marr programme that “if you look at the UK as a whole, everywhere bar Northern Ireland – we are now seeing house prices begin to recover”

On Sunday 16th February, the Governor of the Bank of England, Mark Carney said in a BBC interview with Andrew Marr said that Northern Ireland is the only part of the UK where house prices are not recovering, stating: “If you look at the UK as a whole, everywhere bar Northern Ireland – we are now seeing house prices begin to recover, so it is a more generalised phenomenon”.

However, Mr Carney’s comments provoked a backlash from Northern Ireland’s finance minister Simon Hamilton who reckons that Mr Carney’s remarks were at odds with analysis carried out by Stormont’s Department of Finance and Personnel (DFP).

Mr Hamilton posted on his Twitter account, “Doesn’t tally with DFP analysis. Never thought I’d have to correct a governor of BoE!”

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UK Bailiffs Christmas Holidays

UK Bailiff Seasonal Amnesty

A seasonal reminder to landlords and letting agents that Bailiff Amnesty’s will begin around 12th December 2011 to the 9th January 2011. Please check your local County Court for more details.

 The amnesty, which is not widely publicised, is implemented due to local authority offices, solicitors, courts and housing welfare organisations festive holiday closures.

Unfortunately for landlords, the festive season of good cheer can be one of the costliest periods due to an increase in rent arrears, especially from LHA tenants.

 Up to the end of 2010, there were 995,000 LHA tenancies and rent arrears in this sector were thought to be in excess of £290 Million (GBP).

This year research indicates that there are now over 1Million LHA tenancies and with more changes to the Government’s Welfare Reform Bill due to be implemented on 1st January 2012, rent arrears are expected to increase further.

 Landlords are urged to act fast when dealing with defaulting tenants, especially at Christmas as courts experience backlogs of paperwork and hearings in the New Year.

Speak to your local office now or call our free phone help line – 0800 840 7133

 Legal 4 Landlords Eviction and Rent Recovery Services

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