Lunchtime news June 15

London’s suburbs are in danger of becoming dormitories with no jobs as they gear up for more new homes, according to a report by the London Assembly.

Housing associations will be able to take greater risks in the financial markets under new treasury management rules, according to Inside Housing.

The Housing Corporation has published a new policy on resident involvement that exempts associations with less than 250 homes from the requirement to have at least one resident board member by April 2008 and allows more time for charitable associations and specialist associations to meet the deadline.

Why are rising bond yields bad news for the housing market in general and people coming to the end of a fixed-term mortgage in particular? Ashley Seager explains in today’s Guardian.

Reforms of the legal aid system are bringing it close to collapse, according to a coalition of charities in The Observer.

A rash of new internet companies are setting up schemes to buy homes from people with payment problems and rent them back to them, reports the Financial Times.

Nottingham City Council is demanding new powers to control buy to let after a surge of investment in parts of the city forced it to consider closing schools because there are not enough families with children, reports Saturday’s Guardian.