Wednesday 20 September 2017

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Bomb-maker who filled Ymere flat with explosives can be evicted

Housing

A 27-year-old who furnished his rental apartment with home-made explosives, weapons and ammunition can finally be evicted after a court ruling, according to Ymere housing corporation. The man was picked up by police in July, when neighbours suspected there was something fishy about the new inhabitant. When his house and cellar area were searched, reports the Haarlems Dagblad, police discovered the explosives, neighbours were evacuated, and the weapons were disposed of in controlled explosions. Local mayor Jos Wienen decided the apartment should be nailed shut for three months, but the social housing corporation had to go to court for permission to dissolve the lease and formally eject the tenant. Ymere regional manager Gerrie Blok said in a press release: ‘This is in th e interests of all neighbours and nearby inhabitants. Safety is of the highest priority.’  More >


Interest-only mortgages a looming disaster

Housing Hundreds of thousands of people in their 50s who took out interest-only mortgages face major problems in getting a new mortgage because they have not paid off any of the principle debt, the AD said on Wednesday. Many people have a virtual hundreds of thousands of euros in equity tied up in their property because of rising prices, but that does not usually count towards a new mortgage, the paper said. Rather, mortgages are based on income and, for older people, future pension payments. A survey for ING by Kantar TNS found half of people in their 50s don't see the need to save up and pay off the principal debt. Around half of them have not saved up any money to pay off their mortgage, the AD said. The Dutch central bank said earlier it estimated 200,000 people in their 50s could find themselves in financial trouble because of their interest-only mortgages, which enabled them to keep their monthly outgoings low. 'Most home owners feel comfortable in their homes because they have built up a substantial increase in equity,' ING mortgage expert Wim Flikweert said in the bank's latest housing market briefing. 'They've lived in their homes for a long time and their mortgage is relatively low. But it really is important that they have sufficient income at the point when their mortgage has to be extended.'  More >


Property brokers want a housing minister

Housing The incoming cabinet should have a minister for housing to ease the way through the growing housing shortage, the Dutch property brokers association NVM will tell parliament on Wednesday. The NVM claims not enough new homes have been built over the past seven years and there is now a shortage of at least 200,000 homes in the Netherlands as a whole, the organisation told the Telegraaf The brokers group said newcomers to the market suffered the most: the owner-occupier market in places like Amsterdam has been operating at capacity for years as has the rental sector. The result is that newcomers are stuck with housing that is too small or too expensive, and often both. Parliament will discuss the housing shortage with brokers, developers and housing experts on Wednesday.  More >