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News Archive - Dec 2007 - Buildstore


Garage and garden 'worth 20%' of house value
Garage and garden 'worth 20%' of house value

The value of a home can be as much as a fifth higher if it has a garage and garden, surveyors and property consultants Cluttons has stated. Partne...

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Published: 31/12/2007

 
Scotland and south-east forecast to top 2008 house price rises
Scotland and south-east forecast to top 2008 house price rises

Areas with a large amount of new building of homes and infrastructure will be among the property hotspots of 2008, Halifax Estate Agents has predi...

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Published: 31/12/2007

 
Self build 'best for green homes'
Self build 'best for green homes'

Those wanting to live in an eco-home are best off adopting self build as their method of acquiring such a property , an expert on the subject has r...

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Published: 28/12/2007

 
Housing market 'in line for modest rate boost'
Housing market 'in line for modest rate boost'

The housing market will see a modest rate boost, which could help the home building industry , Nationwide has predicted. Chief Nationwide economist ...

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Published: 28/12/2007

 
Rate boost predicted for 2008
Rate boost predicted for 2008

The UK property market is set to be boosted by as many as four interest rate cuts in 2008, it has been predicted. Both the Centre for Economics and...

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Published: 27/12/2007

 
Insulation 'can pay for itself in three years'
Insulation 'can pay for itself in three years'

Having good loft and cavity wall insulation can save so much in fuel bills that it pays for itself in three years, the National Insulation Association...

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Published: 27/12/2007

 
Montrose leads northern Scottish price surge
Montrose leads northern Scottish price surge

House prices in Scotland increased as fast as those in the south-east during 2007, new figures have indicated. Data from Halifax has shown that the t...

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Published: 24/12/2007

 
NAEA reports emergence of buyers' market
NAEA reports emergence of buyers' market

Recent economic conditions have led to the beginnings of the re-emergence of a buyers'' market, the National Association of Estate Agents (NAEA) has...

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Published: 24/12/2007

 
Borrowers 'facing tough 2008'
Borrowers 'facing tough 2008'

The Repossessions Advice Centre (RAC) has said that mortgage borrowers face a difficult 2008 as the fallout from the credit crunch continues to impa...

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Published: 21/12/2007

 
Homeowners given accident warning
Homeowners given accident warning

The festive season may now be upon us, but homeowners have been warned of the problems that can be caused by injuries at home. The Royal Society for ...

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Published: 21/12/2007

 
Older homes 'may not be as well insulated'
Older homes 'may not be as well insulated'

Britons with older properties should have the cavity wall filled in order to save themselves money. The Energy Saving Trust (EST) has said that while...

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Published: 21/12/2007

 
Borrowers 'facing tough 2008'
Borrowers 'facing tough 2008'

The Repossessions Advice Centre (RAC) has said that mortgage borrowers face a difficult 2008 as the fallout from the credit crunch continues to impa...

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Published: 21/12/2007

 
Government 'spin' still angering NAEA
Government 'spin' still angering NAEA

The government is continuing to pretend that the roll out of Home information packs (Hips) has gone smoothly despite an absence of evidence, the Natio...

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Published: 20/12/2007

 
Joint mortgages 'still risky'
Joint mortgages 'still risky'

Bestinvest has said that although joint mortgages have not been badly affected by the credit crunch, they still represent a sizeable gamble for borrow...

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Published: 20/12/2007

 
Mortgage lending down year-on-year
Mortgage lending down year-on-year

Gross mortgage lending dropped by 7.7 per cent year on year in November, the Council of Mortgage Lenders (CML) has revealed. The first year on ye...

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Published: 20/12/2007

 
Rics expects little change to prices in 08
Rics expects little change to prices in 08

House prices will remain largely unchanged over 2008 as a whole even if there is a softening of prices in the first half of the year, the Royal Instit...

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Published: 20/12/2007

 
Bristol comes out on top for UK growth
Bristol comes out on top for UK growth

Email4Property.co.uk has reported that Bristol was the UK city that saw the strongest house price growth outside of London in 2007. Prices in the cit...

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Published: 19/12/2007

 
Professional FTBs 'have window of opportunity'
Professional FTBs 'have window of opportunity'

First-time buyers who have good jobs or who have just graduated from university could stand to benefit as lenders look to target less risky borrowers ...

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Published: 19/12/2007

 
Eco towns 'must be socially sustainable'
Eco towns 'must be socially sustainable'

The government''s plan to build ten eco-towns around the country must take into consideration not only environmental but also social concerns, it has ...

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Published: 19/12/2007

 
MPC decision was unanimous
MPC decision was unanimous

The Bank of England''s Monetary Policy Committee (MPC) voted 9-0 in favour of an interest rate cut this month, according to minutes released today by ...

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Published: 19/12/2007

 
Government outlines localised zero-carbon plans
Government outlines localised zero-carbon plans

The government has introduced new measures attempting to help local authorities create new developments while bearing in mind the need to become more ...

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Published: 18/12/2007

 
Osborne calls for BoE changes
Osborne calls for BoE changes

The Conservative shadow chancellor has said that changes must be made to the way in which the Bank of England operates in order to safeguard against a...

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Published: 18/12/2007

 
Outlook for buyers 'could improve' next year
Outlook for buyers 'could improve' next year

New buyers and existing homeowners face a tough time of it over the next few months, but could see fortunes improve come the end of 2008, according to...

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Published: 18/12/2007

 
ONS figures could herald more rate cuts
ONS figures could herald more rate cuts

The Bank of England may be more favourably inclined towards further interest rate cuts in the new year following the publication of the latest inflati...

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Published: 18/12/2007

 
More homes 'will not solve housing problems'
More homes 'will not solve housing problems'

Firstrung has said that plans to build new homes in order to solve the affordable housing problem will likely do no such thing. Firstrung CEO Paul Ho...

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Published: 17/12/2007

 
Sharper price falls now on the cards
Sharper price falls now on the cards

The house price slowdown will continue well into next year as financial problems continue to make themselves felt throughout the economy, analysts hav...

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Published: 17/12/2007

 
Hips 'exaggerating price falls'
Hips 'exaggerating price falls'

Asking prices fell sharply in December as the arrival of Home information packs (Hips) had a detrimental effect on the market, Rightmove has said. Th...

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Published: 17/12/2007

 
Study highlights price discrepancies
Study highlights price discrepancies

New figures from Smartnewhomes.com have revealed the scale of price differences that have developed around England over the past few years. The websi...

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Published: 14/12/2007

 
Government's local efforts please TCPA
Government's local efforts please TCPA

The Town and Country Planning Association (TCPA) has voiced its approval of the government''s plans to consult local authorities as part of its eco-to...

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Published: 14/12/2007

 
Sellers warned over poor EPC performance
Sellers warned over poor EPC performance

A poor energy efficiency rating could well prevent many homes from being sold for the maximum possible price, research from one consultancy firm sugge...

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Published: 14/12/2007

 
All systems go for Hips
All systems go for Hips

Home information packs (Hips) have today become a mandatory part of the home-selling process for all UK properties, bringing to an end the first phase...

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Published: 14/12/2007

 
Central banks club together to fight crunch
Central banks club together to fight crunch

Some of the world''s biggest central banks have joined forces in an attempt to resolve the problems being caused by the credit crunch. The Bank of En...

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Published: 13/12/2007

 
Hips 'are Labour's Right to Buy'
Hips 'are Labour's Right to Buy'

Home information pack (Hip) provider HipHipHooray.com has said that Hips are the equivalent of the Right to Buy scheme launched by the Conservatives, ...

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Published: 13/12/2007

 
Tracker mortgages 'more valuable than ever'
Tracker mortgages 'more valuable than ever'

Mortgage adviser John Charcol has said that tracker mortgages are becoming an even more attractive product as the nature of the mortgage market co...

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Published: 13/12/2007

 
Prices fall for fourth month in a row
Prices fall for fourth month in a row

The latest monthly study from the Royal Institution of Chartered Surveyors (Rics) has revealed that price expectations, newly agreed sales and overall...

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Published: 13/12/2007

 
Empty homes revelations 'are incredible'
Empty homes revelations 'are incredible'

The BBC has revealed that over 8,000 empty homes in the UK are currently being held by the Ministry of Defence. Such a policy, in place in order to c...

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Published: 12/12/2007

 
Hips 'to clarify transaction process'
Hips 'to clarify transaction process'

Home information packs (Hips) will make the process of selling a home more transparent, one estate agent has said. Ludlowthompson has suggested that ...

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Published: 12/12/2007

 
Lenders attacked over sub-prime tactics
Lenders attacked over sub-prime tactics

Mortgage lenders have been accused of ''irresponsibility'' and ''aggression'' when it comes to providing sub-prime loans to borrowers, though the ...

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Published: 12/12/2007

 
Price growth to stabilise next year
Price growth to stabilise next year

House price growth will become more stable in 2008 following a period of uncertainty, it has been suggested. The National Association of Residential ...

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Published: 11/12/2007

 
Mortgage lenders should help struggling customers, says Cameron
Mortgage lenders should help struggling customers, says Cameron

Mortgage lenders should "step up to the plate" and ease the burden for struggling mortgage holders, according to Conservative Party lead...

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Published: 11/12/2007

 
House prices up in October says DCLG
House prices up in October says DCLG

House prices rose by 0.1 per cent in October, figures from the Department for Communities and Local Government (DCLG) have shown, though analysts have...

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Published: 11/12/2007

 
Carrillion buys McAlpine for £572m
Carrillion buys McAlpine for £572m

One of Britain''s largest support services and construction companies will be created with the news that Carillion is to buy Alfred McAlpine for £...

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Published: 10/12/2007

 
Land sale 'will benefit community'
Land sale 'will benefit community'

The owners of Hillhead Sports Club have claimed plans to build 44 flats on land owned by the club would benefit the local community. Barratt will b...

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Published: 10/12/2007

 
A quarter affected by 'empty homes'
A quarter affected by 'empty homes'

Further to research issued during Empty Homes Action Week, Halifax - the UK''s number one mortgage lender - identifies the true impact of empty home...

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Published: 10/12/2007

 
Draught proofing 'most effective way of insulating a home'
Draught proofing 'most effective way of insulating a home'

The National Home Improvement Council (NHIC) has said that draught proofing is the most cost-efficient way of insulating a property . Such changes c...

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Published: 07/12/2007

 
Further cuts on the cards
Further cuts on the cards

Property owners will be set for further boosts in the new year as the Bank of England acts swiftly to stem the expected economic downturn, analysts ...

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Published: 07/12/2007

 
Renovators given insurance warning
Renovators given insurance warning

Britons considering renovating their properties should give consideration to increasing their home insurance once such alterations are complete, the...

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Published: 07/12/2007

 
Allsopp bears brunt of pro-Hips backlash
Allsopp bears brunt of pro-Hips backlash

Kirstie Allsopp has come under fire from one Home information pack (Hip) industry group for "masquerading as a people''s champion". Hip P...

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Published: 07/12/2007

 
Bank cuts rates to 5.5%
Bank cuts rates to 5.5%

The Bank of England has announced that it has cut interest rates for the first time since 0.25 per cent as it looks to boost the economy ahead of the ...

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Published: 06/12/2007

 
Architects and housebuilders 'failing to work well together'
Architects and housebuilders 'failing to work well together'

A leading designer has said that architects and housebuilders are not working well together because they fail to see each other''s point of view. Spe...

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Published: 06/12/2007

 
Mortgage legal fees falling
Mortgage legal fees falling

Mortgage lenders have begun offering valuations and legal services for free as they try and garner more business, but there remain a number of other...

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Published: 06/12/2007

 
Caution urged for first-time buyers
Caution urged for first-time buyers

First-time buyer website Firstrung has said that prospective buyers are now facing the most uncertain period in the housing market for four years, and...

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Published: 06/12/2007

 
Rates set to be held once again
Rates set to be held once again

The majority of market analysts have suggested that interest rates will be held at 5.75 per cent for the fifth month in a row tomorrow, though one fir...

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Published: 05/12/2007

 
Buyers 'with cash reserves' will benefit
Buyers 'with cash reserves' will benefit

First-time buyers who have built up significant cash reserves will be able to benefit from the slowing market, though others may be less fortunate, ac...

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Published: 05/12/2007

 
Government schemes 'not meeting FTB needs'
Government schemes 'not meeting FTB needs'

Governmental initiatives that seek to help first-time buyers get onto the property ladder are not addressing the issue with which buyers struggle th...

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Published: 05/12/2007

 
Halifax confirms house price fall
Halifax confirms house price fall

The latest house price index from Halifax has supported recent research from Nationwide suggesting that house prices fell sharply in November. Halifa...

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Published: 05/12/2007

 
Home improvements 'helping boost remortgage rates'
Home improvements 'helping boost remortgage rates'

Mortgage broker John Charcol has said that a desire to carry out home improvements has contributed to the increase in remortgaging seen across the c...

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Published: 04/12/2007

 
Regeneration 'hotspots' to see strongest price growth
Regeneration 'hotspots' to see strongest price growth

Home buyers looking for their new purchase to rise in value in the face of a slowing housing market should turn to regeneration areas for the best res...

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Published: 04/12/2007

 
EHA urges further action
EHA urges further action

The Empty Homes Agency (EHA) has said that the public should do more to help reduce the number of long-term empty homes around the UK. In an appeal t...

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Published: 04/12/2007

 
Green belt 'not disappearing'
Green belt 'not disappearing'

The green belt has actually increased by roughly 65,000 acres over the past ten years despite fears that it is being eroded by house building projects...

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Published: 04/12/2007

 
Long-term fixes 'have a future'
Long-term fixes 'have a future'

Long-term fixed-rate mortgages will still be popular with a section of the market in the future despite there being a number of barriers to wider take...

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Published: 03/12/2007

 
Extension potential attractive to new buyers
Extension potential attractive to new buyers

Nearly half of all buyers say that the potential to extend a property is a key consideration in purchasing a new home, according to Yorkshire Bank. ...

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Published: 03/12/2007

 
Number of empty homes falling
Number of empty homes falling

The number of empty homes in the UK has fallen by six per cent in the three years to April 2006, according to Halifax. The firm''s annual empty homes...

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Published: 03/12/2007

 
Borrowers cutting back over festive period
Borrowers cutting back over festive period

Almost two thirds of remortgagers intend to reduce their festive spending this year in order to cope with the expected payment shocks that will materi...

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Published: 03/12/2007

 

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