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News Archive - Nov 2007 - Buildstore


Christmas lights 'can damage property sales'
Christmas lights 'can damage property sales'

Homeowners looking to get into the festive spirit have been warned that displaying lights on the exterior of their houses risk reducing their chances ...

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Published: 30/11/2007

 
Mortgage figures 'good news for the market'
Mortgage figures 'good news for the market'

The Council of Mortgage Lenders (CML) has said that the slump in mortgage lending reported by the Bank of England earlier this week is in fact a s...

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Published: 30/11/2007

 
Hips 'will lower costs for first-time buyers'
Hips 'will lower costs for first-time buyers'

Home information packs (Hips) will help first-time buyers in their effort to get onto the property ladder by lowering costs, HipHipHooray.com has sa...

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Published: 30/11/2007

 
Property 'can be an alternative to pensions'
Property 'can be an alternative to pensions'

Scottish Widows has said that property can still provide a useful alternative contingency fund to pensions, but has warned that this option naturall...

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Published: 29/11/2007

 
Fees still low on the agenda
Fees still low on the agenda

Just two in five borrowers view mortgage fees as a key factor in their mortgage deliberations, according to a new study from Moneysupermarket.com....

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Published: 29/11/2007

 
House prices fall sharply in November
House prices fall sharply in November

House prices fell by 0.8 per cent in November, Nationwide has revealed – but the lender has said that the fluctuations currently being seen in th...

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Published: 29/11/2007

 
Shared ownership 'a light at the end of the tunnel' for buyers
Shared ownership 'a light at the end of the tunnel' for buyers

Shared ownership schemes may offer first-time buyers an invaluable chance to get onto the housing ladder but they are not the right choice for all pro...

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Published: 28/11/2007

 
Stability still the watchword for borrowers
Stability still the watchword for borrowers

Many mortgage borrowers are still eager to take out long-term fixed-rate mortgages despite the fact that interest rates are poised to fall, Abbey Mo...

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Published: 28/11/2007

 
House prices still levelling off
House prices still levelling off

House prices in England and Wales rose by just 0.1 per cent last month in a sign that the housing market is continuing to soften, the Land Registry ...

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Published: 28/11/2007

 
Borrowers given further mortgage fee warnings
Borrowers given further mortgage fee warnings

Britons have been warned that both arrangement and application fees could hit them on their latest deals due to lenders'' increased propensity to char...

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Published: 28/11/2007

 
Homeowners misunderstanding mortgages
Homeowners misunderstanding mortgages

Three quarters of Britons do not understand how much they could save from a one per cent reduction in their mortgage rate, research from Nationwide ...

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Published: 27/11/2007

 
Hips being shunned by buyers
Hips being shunned by buyers

Not a single buyer at Knight Frank Winchester has asked to see a home''s Home information pack (Hip) before completing a deal, the property consulta...

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Published: 27/11/2007

 
London market fuelled by huge discrepancies
London market fuelled by huge discrepancies

The London Housing Federation (LHF) has said that the London housing market has been split in two, with many now completely unable to afford a home in...

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Published: 27/11/2007

 
New homes rising in value again
New homes rising in value again

The average price of a new home rose by 0.7 per cent in October as new builds bounced back from an autumnal slowdown, it has been revealed. SmartNewH...

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Published: 27/11/2007

 
Immigrant construction workers 'playing a key role'
Immigrant construction workers 'playing a key role'

Construction workers from abroad are a vital part of the UK building industry , the Home Builders Federation (HBF) has said. A shortage of UK constr...

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Published: 26/11/2007

 
Market research 'makes remortgaging worthwhile'
Market research 'makes remortgaging worthwhile'

Mform.co.uk has said that remortgaging is an option that should be considered even by borrowers on "relatively modest loans ". The online ...

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Published: 26/11/2007

 
Market uncertainty contributing to price falls
Market uncertainty contributing to price falls

The housing market is continuing to slow down as buyers become more apprehensive of future price movements, new research from Hometrack has found. Pr...

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Published: 26/11/2007

 
Buyers 'may turn to renovations'
Buyers 'may turn to renovations'

Existing homeowners may look to renovations and conversions to boost the value of their home as house prices begin to slowdown, according to one firm'...

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Published: 26/11/2007

 
Graduates teaming up to buy property
Graduates teaming up to buy property

Almost three quarters of all graduate buyers now purchase property with a member of their family, a friend or a partner, Scottish Widows has reveale...

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Published: 23/11/2007

 
Carbon neutral conversions 'cost £9,000'
Carbon neutral conversions 'cost £9,000'

A new study from Alliance & Leicester has revealed that making a home carbon neutral can cost more than £9,000. The firm''s research has fou...

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Published: 23/11/2007

 
Government target 'is achievable '
Government target 'is achievable '

The government''s aim of building 240,000 new homes a year by 2016 is "achievable", according to a major new report on the proposals. The C...

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Published: 23/11/2007

 
December date for Hips
December date for Hips

Home information packs (Hips) will be a mandatory part of the process of selling a home from December 14th onwards, the government has announced. The...

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Published: 22/11/2007

 
Energy efficiency 'will have to be taken into consideration'
Energy efficiency 'will have to be taken into consideration'

Eco-friendly alterations to properties will play an increasingly important role in coming years - from a financial as well as an environmental point o...

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Published: 22/11/2007

 
Government 'should push for more zero-carbon homes'
Government 'should push for more zero-carbon homes'

The government should look for more zero-carbon homes to be built straight away if it wants to ensure that housebuilding levels are not jeopardised in...

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Published: 22/11/2007

 
Regional bodies 'failing on housing targets'
Regional bodies 'failing on housing targets'

Regional Assemblies are failing to provide the levels of investment required to boost the stock of affordable rural housing, the Commission for Rural ...

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Published: 22/11/2007

 
Lending up above seasonal average
Lending up above seasonal average

Gross mortgage lending rose in October despite the country being preoccupied with the effects of the credit crisis, figures from the Council of Mor...

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Published: 21/11/2007

 
Britons becoming disillusioned with housing market
Britons becoming disillusioned with housing market

Many young Britons are still confident that they will be able to get onto the housing ladder sooner rather than later, but they will soon become more ...

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Published: 21/11/2007

 
More analysts expecting multiple rate cuts
More analysts expecting multiple rate cuts

The Bank of England has published minutes from the latest Monetary Policy Committee (MPC) meeting, and while just two members voted for an interest ra...

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Published: 21/11/2007

 
TCPA calls for 'participative process'
TCPA calls for 'participative process'

The Town and Country Planning Institute (TCPA) has said that the government''s Planning Reform Bill should focus on promoting a collaborative spirit b...

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Published: 21/11/2007

 
National Grid 'could sell brownfield sites'
National Grid 'could sell brownfield sites'

The National Grid has announced that it expects to make a decision on whether or not it is to sell its land assets by the end of the year. The grou...

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Published: 20/11/2007

 
Buyers taking on more work
Buyers taking on more work

First-time buyers are taking on second and even third jobs in an effort to raise enough money to buy a home of their own, new research from Abbey Mor...

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Published: 20/11/2007

 
Deposits could catch buyers out
Deposits could catch buyers out

First-time buyers who believe they are saving themselves money in the long-run by saving for a larger deposit may find that this is not the case, it h...

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Published: 20/11/2007

 
FMB: Eco-town plans are 'top down' policy
FMB: Eco-town plans are 'top down' policy

The Federation of Master Builders (FMB) has said that the government''s much-vaunted eco-towns plan does not address the real problem when it comes to...

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Published: 19/11/2007

 
SVRs 'could cost £2,550 extra every year'
SVRs 'could cost £2,550 extra every year'

Borrowers who opt for standard variable rate (SVR) mortgage deals may be paying over the odds by as much as £2,550 a year, new research from mf...

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Published: 19/11/2007

 
London is exception to house price rule
London is exception to house price rule

House prices in London have continued to rise despite the rest of the country seeing growth fall back in November. That is according to the latest Ri...

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Published: 19/11/2007

 
Research more important than ever for FTBs
Research more important than ever for FTBs

A window of opportunity is now opening up for first-time buyers - but it will be slammed shut again if they do not do sufficient research, it has been...

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Published: 19/11/2007

 
New Bill 'to rewrite housing rules'
New Bill 'to rewrite housing rules'

The government has published a new Bill which it hopes will prove to be a major step in the quest to speed up the supply of housing in the UK and henc...

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Published: 16/11/2007

 
Scottish price growth still ahead of the field
Scottish price growth still ahead of the field

According to the bank''s latest house price monitor, prices in Scotland rose by 3.6 per cent in the three months to the end of October, with the annua...

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Published: 16/11/2007

 
Farmland prices 'rising at highest rate for 30 years'
Farmland prices 'rising at highest rate for 30 years'

The average farmland price rose by some 33.2 per cent over the last 12 months, new research from Knight Frank has found – the highest growth rate...

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Published: 16/11/2007

 
Completions 'take longest in south-east'
Completions 'take longest in south-east'

Buyers in the south-east of England wait the longest amount of time between having an offer accepted and completion of their purchase, a new study fro...

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Published: 16/11/2007

 
Period alterations 'should take into account environment'
Period alterations 'should take into account environment'

Period alterations to modern properties should be made with one eye on the environment, according to the National Home Improvement Council (NHIC). Wi...

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Published: 16/11/2007

 
FTBs still have "many options"
FTBs still have

Period alterations to modern properties should be made with one eye on the environment, according to the National Home Improvement Council (NHIC). Wi...

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Published: 15/11/2007

 
Credit crunch affecting a quarter of all applications
Credit crunch affecting a quarter of all applications

The continued effects of the credit crunch have resulted in one in every four mortgage deals being affected by tighter lending conditions, GE Money ...

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Published: 15/11/2007

 
Renting still more expensive than buying
Renting still more expensive than buying

Renting a property is still more expensive than buying a home, new research from Abbey has revealed, even if the gap is now closing fast. The finan...

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Published: 15/11/2007

 
New software to aid green building design
New software to aid green building design

Computer software could be the key to development successful green buildings, it has emerged. Autodesk''s new software aids green building design b...

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Published: 14/11/2007

 
Rics: House prices cooling
Rics: House prices cooling

Britain''s house prices are cooling, according to the latest research by the Royal Institution of Chartered Surveyors (Rics). Prices are decreasing t...

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Published: 14/11/2007

 
Boost for affordable homes in Cambridgeshire
Boost for affordable homes in Cambridgeshire

Cambridge authorities could receive £790 million worth of funding from the government for the development of affordable homes, it has emerged. ...

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Published: 14/11/2007

 
Coastline could be affected by climate change
Coastline could be affected by climate change

Properties in most easterly areas of England could be at risk of the effects of climate change if due consideration is not given to environmental proj...

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Published: 13/11/2007

 
Wales 'needs more houses'
Wales 'needs more houses'

Some of the biggest cities in Wales are relying too heavily on flats as opposed to houses in their building plans, a university professor has said. F...

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Published: 13/11/2007

 
High fees warning for long-term mortgages
High fees warning for long-term mortgages

Borrowers who have heeded recent industry recommendations and taken out a long-term mortgage have been advised that they may be liable for large f...

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Published: 13/11/2007

 
Price balance 'falls at fastest rate for 2.5 years'
Price balance 'falls at fastest rate for 2.5 years'

The Royal Institution of Chartered Surveyors (Rics) has revealed that housing market sentiment among its members fell at the fastest rate since July 2...

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Published: 13/11/2007

 
House price slowdown continuing
House price slowdown continuing

House prices rose by just 0.3 per cent in September as the market continued the softening trend seen over the summer, the Department of Communities an...

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Published: 12/11/2007

 
'Significant' savings to be made by switching
'Significant' savings to be made by switching

Borrowers can make substantial savings by changing mortgage provider but should still be aware of the impact of hidden fees on their overall outlays...

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Published: 12/11/2007

 
Hips 'not to blame' for market slowdown
Hips 'not to blame' for market slowdown

Home information packs (Hips) are not responsible for the slowdown in the housing market seen over the past few months, the Association of Home Inform...

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Published: 12/11/2007

 
Britons unsatisfied with government changes
Britons unsatisfied with government changes

A new study from HotProperty.co.uk has found that a significant proportion of Britons feel that the government''s changes to the inheritance tax thres...

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Published: 12/11/2007

 
Britons 'unaware of brownfield status'
Britons 'unaware of brownfield status'

More than a third of all UK homeowners are unaware whether or not their home stands on a contaminated brownfield site or not, according to new resea...

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Published: 09/11/2007

 
Parents downsizing to help children
Parents downsizing to help children

The increase in the number of first-time buyers relying on their parents for help in getting onto the property ladder has made downsizing attractive...

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Published: 09/11/2007

 
Commuter towns 'growing in popularity'
Commuter towns 'growing in popularity'

Commuter towns such as Milton Keynes and Hemel Hempstead are becoming more popular with Londoners who have been priced out of owning a home of their o...

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Published: 09/11/2007

 
Brits 'spend £525 a year on home improvements'
Brits 'spend £525 a year on home improvements'

Research conducted by adverts website Gumtree suggests that the average Briton spends around £525 every year on improving their home. However, i...

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Published: 08/11/2007

 
Strong economy and supply shortage to support housing market
Strong economy and supply shortage to support housing market

House price growth is likely to be positive for the foreseeable future, it has been claimed. The latest Halifax house price index shows house prices ...

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Published: 08/11/2007

 
Interest rates frozen at 5.75%
Interest rates frozen at 5.75%

The monetary policy committee (MPC) of the Bank of England has elected to maintain interest rates at 5.75 per cent. Many analysts expected the decisi...

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Published: 08/11/2007

 
Older buildings "four to six times" less energy efficient
Older buildings

Older properties are significantly less energy efficient than more modern homes or new-builds, the Home Builders Federation (HBF) has warned. With t...

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Published: 08/11/2007

 
House prices 'will continue to rise'
House prices 'will continue to rise'

A report from PricewaterhouseCoopers (PwC) suggests that it is likely that house prices will increase at a faster rate than consumer price inflation o...

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Published: 07/11/2007

 
Bovis calls for rate cut to stimulate prices
Bovis calls for rate cut to stimulate prices

The Bank of England need to bring down interest rates in order to keep the housing market moving, a spokesperson for a leading house builder has sai...

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Published: 07/11/2007

 
HBF calls for focus on land supply
HBF calls for focus on land supply

Proposals to increase the number of houses built by 2020 have been welcomed by the Home Builders Federation (HBF). In her speech to the nation, the Q...

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Published: 07/11/2007

 
'Merton' rules to be relaxed
'Merton' rules to be relaxed

House builders should find it easier to met environmental targets following a government announcement that guidance is to be reformed. The so-called ...

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Published: 07/11/2007

 
Tighter lending 'will help affordability'
Tighter lending 'will help affordability'

Lenders who act more cautiously following the credit crunch will help the market return to normality, though this process will take a considerable amo...

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Published: 06/11/2007

 
Lenders 'uncertain' over rate setting
Lenders 'uncertain' over rate setting

The current market uncertainty has meant that many mortgage lenders are now uncertain of how they should price their products, Alexander Hall has sa...

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Published: 06/11/2007

 
Britons keen to eco self-build
Britons keen to eco self-build

Eight in ten Britons say they would incorporate environmentally-friendly features into their property were they to embark upon a self-build project....

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Published: 06/11/2007

 
Mortgage deeds no longer viewable online
Mortgage deeds no longer viewable online

Britons are now no longer able to view online versions of mortgage deeds and leases following the completion of the Land Registry''s three-month r...

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Published: 06/11/2007

 
Barratt looks to brownfield land
Barratt looks to brownfield land

Barratt Homes has said that it is to target brownfield developments in a sign that its priorities have shifted from its traditional greenfield project...

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Published: 05/11/2007

 
HBF dismisses new build concerns
HBF dismisses new build concerns

Suggestions that new build properties are losing value should be reassessed in light of local market dynamics, the Home Builders Federation (HBF) has ...

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Published: 05/11/2007

 
Noise still a grievance for neighbours
Noise still a grievance for neighbours

A new study by Halifax has revealed that more than a quarter of Britons have had disputes with their neighbours in the past, with noise still the most...

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Published: 05/11/2007

 
Prime London price growth falling back
Prime London price growth falling back

House prices in central London are now rising at their slowest rate for two years as the housing market continues to cool, Knight Frank has said. Pri...

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Published: 05/11/2007

 
Listed properties 'can still be altered'
Listed properties 'can still be altered'

Listed properties are not completely untouchable when it comes to making home improvements, the Listed Property Owners Club (LPOC) has said. While ...

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Published: 02/11/2007

 
FTBs increasing market share despite troubles
FTBs increasing market share despite troubles

A fall in the number of mortgage enquiries made in the last quarter of the year has not been accompanied by a drop in first-time buyer (FTB) numbers...

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Published: 02/11/2007

 
Britons 'spending less time on interiors'
Britons 'spending less time on interiors'

Half of all Britons believe that the mass-construction of property around the country is resulting in ''characterless'' homes, a new study from More...

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Published: 02/11/2007

 
Armagh tops price growth table
Armagh tops price growth table

Armagh in Northern Ireland has recorded the strongest house price growth seen in the UK over the past five years, according to a new study from Halifa...

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Published: 02/11/2007

 
Eco-town plans called into question
Eco-town plans called into question

The ten eco-towns planned by the government will fail unless they take into account existing communities and planning procedures, the Campaign to Prot...

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Published: 01/11/2007

 
Hips 'only being read by 10% of buyers'
Hips 'only being read by 10% of buyers'

Just one in ten buyers of a three or four-bed property is bothering to read the contents of the Home information pack (Hip) that now comes as standa...

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Published: 01/11/2007

 
Half of consumers 'worried about mortgages'
Half of consumers 'worried about mortgages'

Nearly half of all consumers are concerned about their ability to get a good mortgage deal in the light of the credit crunch, new research from GE M...

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Published: 01/11/2007

 
Best mortgages 'not coming from bigger names'
Best mortgages 'not coming from bigger names'

Moneyfacts.co.uk has revealed that the bigger name brands are not offering the most competitive mortgage deals, with building society products domin...

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Published: 01/11/2007

 

 
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