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UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.

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Help to buy to be extended under Scottish government's 2015-16 programme

Week in Westminster

Published: 4 September 2015 | Author: Michelle Vosper

Scotland’s first minister Nicola Sturgeon announced her government’s programme for 2015-16. Their plans include a new Help to Buy shared equity scheme to help eligible buyers purchase new build homes, with £195 million to be invested over the next three years. The Scottish government will work with house builders and the lending industry to agree on how the scheme will operate. Further details will be announced following the UK government’s spending review in November.

Other proposals include the introduction of a Private Tenancies Bill which will aim to improve “security for tenants and provide clear rights and safeguards for landlords” through a new tenancy regime, and will also include provisions for “rent controls in rent pressure areas”.

The Scottish government will also undertake a “root and branch review” of the planning system to encourage more house building.

Westminster returns briefly from its summer recess next week before rising again on Thursday 17 September for party conferences.