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News Archive - Jan 2008 - Buildstore


Second home ownership 'blocking the way for first-time buyers'
Second home ownership 'blocking the way for first-time buyers'

First-time buyers "definitely" find it harder to get on the housing ladder due to increasing rates of second home ownership in the UK, a spo...

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Published: 31/01/2008

 
Flatpack homes hit the shelves
Flatpack homes hit the shelves

The arrival of self build flat-pack housing in the UK has been heralded by Swedish furniture company Ikea, with a public display of the first such h...

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Published: 31/01/2008

 
One million face mortgage risk, says FSA
One million face mortgage risk, says FSA

The Financial Services Authority (FSA) has said that as many as a million homeowners could find their homes at risk because of the credit crunch. In ...

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Published: 31/01/2008

 
More green building urged
More green building urged

Both national governments and the European Union (EU) have been urged to do more to ensure greener homebuilding. The European Energy Network (ENR), a...

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Published: 31/01/2008

 
Budget date announced
Budget date announced

The treasury has announced that chancellor of the exchequer Alistair Darling will deliver his first budget on March 12th 2008. It will offer a chance...

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Published: 31/01/2008

 
House prices down again
House prices down again

Another survey has shown a fall in house prices, suggesting that the end may not yet be in sight for the housing market decline. Nationwide''s figure...

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Published: 31/01/2008

 
Houses worth a fifth more near water, says estate agency
Houses worth a fifth more near water, says estate agency

An estate agency has said that homes close to rivers in the south of England are worth about 20 per cent more than similar homes elsewhere. Hamptons ...

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Published: 30/01/2008

 
Housing market accessibility 'declined by 351%'
Housing market accessibility 'declined by 351%'

Accessibility to the housing market has declined by 351 per cent since 1996, according to figures from the Royal Institution of Chartered Surveyors (R...

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Published: 30/01/2008

 
Status quo at Bank of England as King retains post
Status quo at Bank of England as King retains post

Bank of England governor Mervyn King has been reappointed to serve a second term once his initial five years in the post expires on June 30th 2008. T...

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Published: 30/01/2008

 
Straw bale option to be displayed
Straw bale option to be displayed

Those considering the self build of their homes and wanting to do so in the most eco-friendly way can find out more about the qualities of straw bal...

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Published: 29/01/2008

 
House prices fall in January
House prices fall in January

The latest figures from the Land Registry have shown a fall in house prices in England and Wales for the first time since August 2005. During Decem...

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Published: 29/01/2008

 
Londoners still priced out
Londoners still priced out

Londoners looking to buy a new dwelling are still likely to be priced out despite a reduction in the cost of new houses, the latest figures have indic...

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Published: 29/01/2008

 
House prices fall again
House prices fall again

A survey of UK house prices has recorded a fall for the fourth successive month as prices dropped 0.3 per cent in the four weeks to mid-January. The ...

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Published: 28/01/2008

 
Lower rates now, urges MPC member
Lower rates now, urges MPC member

A member of the Bank of England''s monetary policy committee (MPC) has said there needs to be a cut in interest rates very soon to avoid an economic s...

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Published: 28/01/2008

 
Sussex house prices tipped to stay high
Sussex house prices tipped to stay high

The notion that property prices in Sussex may see a crash has been rejected by estate agents in the two counties. Last week the Argus ran a story...

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Published: 28/01/2008

 
Out-of-towners 'pushing up prices'
Out-of-towners 'pushing up prices'

Those living in and around the town of Bridlington near Hull are seeing prices pushed up by people moving in to homes from outside the area. Local es...

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Published: 25/01/2008

 
Cooper replaced as housing minister
Cooper replaced as housing minister

Yvette Cooper has been replaced as minister for housing and planning by Caroline Flint, it has been announced. Ms Cooper has been moved to the post o...

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Published: 25/01/2008

 
Lending remains sluggish
Lending remains sluggish

The rate of UK mortgage lending growth remained flat in December, new figures have shown. Figures from the British Bankers Association (BBA) reveal...

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Published: 25/01/2008

 
Major rate cut would be bad news, says expert
Major rate cut would be bad news, says expert

An economist has said the Bank of England would make a major mistake if it were to cut interest rates drastically in the way the US Federal Reserve ha...

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Published: 24/01/2008

 
Timber may grow in popularity as building material
Timber may grow in popularity as building material

The growing popularity of using eco-friendly building materials may bring about a boom in the timber industry , it has been reported. Forestry Com...

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Published: 24/01/2008

 
Government housing plans in doubt
Government housing plans in doubt

Government plans to construct three million new homes in the UK by 2020 are on course to fail, the Royal Institution of Chartered Surveyors (Rics) has...

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Published: 24/01/2008

 
Bank minutes may signal rate restraint
Bank minutes may signal rate restraint

The minutes of the Bank of England monetary policy committee''s (MPC''s) January meeting have been published, revealing that the threat of inflation h...

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Published: 23/01/2008

 
Self build 'a better option after credit crunch'
Self build 'a better option after credit crunch'

The credit crunch has made self build one of the best options available to those wanting to acquire a house, it has been stated. National Self Bui...

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Published: 23/01/2008

 
Governor signals limits to interest rate cuts
Governor signals limits to interest rate cuts

Potential homebuyers hoping for mortgages to be made cheaper by major cuts in interest rates may have been left disappointed by comments from Bank of ...

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Published: 23/01/2008

 
Body calls for more eco-home flexibility
Body calls for more eco-home flexibility

One of Britain''s largest construction associations has called on the government not to back new legislation which would make the so-called Merton Rul...

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Published: 22/01/2008

 
Building materials entrepreneur lined up for award
Building materials entrepreneur lined up for award

An entrepreneur who set up Britain''s only building material re-use centre is in line for an award, it has been reported. Daniel Hill, the founder of...

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Published: 22/01/2008

 
South-west prices holding up
South-west prices holding up

A number of locations in the south-west of England have seen high price inflation in the past year while the region as a whole saw half the decline of...

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Published: 22/01/2008

 
Building society hikes tracker rate
Building society hikes tracker rate

Nationwide Building Society has announced it is to raise the interest rates on its tracker mortgages for new customers. The lowest increase is by 0.5...

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Published: 22/01/2008

 
Prices to vary by region, says bank
Prices to vary by region, says bank

There will still be house price variation in the UK despite the overall market being flat, Halifax has said. Figures published by the bank for each o...

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Published: 21/01/2008

 
Tightening conditions 'bad for first-time buyers'
Tightening conditions 'bad for first-time buyers'

In news which may interest those considering the self build option to acquire a home, it has been predicted that lending conditions for first-time b...

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Published: 21/01/2008

 
New homes save money, study shows
New homes save money, study shows

Living in a new home can save householders over £500 a year in energy costs due to the benefits of modern building methods, design and materials...

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Published: 21/01/2008

 
Plastic poised for use as building material
Plastic poised for use as building material

Recycled plastic may become a familiar sight on building sites if plans go ahead for a new factory. Talks are going on between recycling firm Revalue...

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Published: 18/01/2008

 
Sales figures prompt rate cut
Sales figures prompt rate cut

New data on retail sales figures have prompted economists to predict that the Bank of England is very likely to cut interest rates in February. Such ...

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Published: 18/01/2008

 
MPC member speaks up for rate cut
MPC member speaks up for rate cut

Bank of England deputy governor Sir John Gieve has spoken out in favour of cutting interest rates. In a speech at the London Chamber of Commerce toda...

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Published: 18/01/2008

 
New renewables targets may affect self build
New renewables targets may affect self build

Those planning to engage in the self build of their own homes may need to add microrenewables to generate green energy as a result of new targets Br...

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Published: 18/01/2008

 
Slowdown not crash predicted for 2008
Slowdown not crash predicted for 2008

House prices this year will not crash but rather land gently, a surveyor firm has predicted. CB Richard Ellis has suggested house prices will incre...

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Published: 17/01/2008

 
Mortgage amounts 'fell in 2007'
Mortgage amounts 'fell in 2007'

New figures have shown that the average amount taken out in a mortgage in 2007 fell from 2006. AWD Moneyextra revealed that the average mortgage ...

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Published: 17/01/2008

 
Retail boss in rates call
Retail boss in rates call

The chief executive of DIY firm Home Retail Group, Terry Duddy, has called for a cut in interest rates following sluggish sales figures over the Chr...

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Published: 17/01/2008

 
Fixed-rate mortgage rates rising, study shows
Fixed-rate mortgage rates rising, study shows

Despite the December interest rate cut, the average fixed-rate mortgage is now higher than it was a month ago, new research has shown. Finance we...

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Published: 16/01/2008

 
Householders going green
Householders going green

A new survey has shown that Britons are keen to go green with large-scale spending on home improvements to make their homes more eco-friendly. The Co...

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Published: 16/01/2008

 
Rics records worst house price fall since 1992
Rics records worst house price fall since 1992

The Royal Institution of Chartered Surveyors (Rics) has recorded the most unfavourable house price figures among its membership since 1992. In Decemb...

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Published: 16/01/2008

 
Greenbelt building 'essential' to meet housing targets
Greenbelt building 'essential' to meet housing targets

Government planning targets for 240,000 new homes to be built every year by 2016 can only be achieved by building on the green belt, the head of the g...

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Published: 15/01/2008

 
Rate cut likely after inflation stays put, say commentators
Rate cut likely after inflation stays put, say commentators

The consumer prices index (CPI) inflation figures for December will not put off decision makers at the Bank of England planning a February rate cut, c...

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Published: 15/01/2008

 
Rates drop in the wake of Rock crisis
Rates drop in the wake of Rock crisis

The number of lenders offering 100 per cent loan-to-value mortgages has fallen since the start of December, new research has concluded. Finance web...

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Published: 15/01/2008

 
Healthy employment market to keep house prices up, says Rics
Healthy employment market to keep house prices up, says Rics

The strong employment situation in the UK will be a major factor in preventing a significant decline of house prices, the Royal Institution of Charter...

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Published: 15/01/2008

 
Greenbelt building plan criticised
Greenbelt building plan criticised

Plans to construct new homes on greenbelt land in Bournemouth have been criticised after a government panel rejected a local plan for the construct...

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Published: 14/01/2008

 
Eco-homes may provide self build tips
Eco-homes may provide self build tips

Those keen on the self build of an eco home may find some ideas by studying the effects of a group of experimental dwellings being constructed in No...

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Published: 14/01/2008

 
House prices in new fall
House prices in new fall

New government figures have revealed a fall in house prices in the UK in November. The Department for Communities and Local Government House Price In...

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Published: 14/01/2008

 
Property values soared threefold in a decade, says Halifax
Property values soared threefold in a decade, says Halifax

The last ten years saw a trebling of UK residential property values, Halifax has said. Research by the bank has found that the sum of the value of ...

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Published: 14/01/2008

 
Price rise predicted for Manchester's west side
Price rise predicted for Manchester's west side

The western suburbs of Manchester could be in line for an increase in house prices, it has been reported. Property firm Prospect has predicted tha...

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Published: 11/01/2008

 
House prices 'distorted by London'
House prices 'distorted by London'

The unique local circumstances of London have a distorting effect on the overall UK house price figures, it has been stated. Acadametrics, which comp...

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Published: 11/01/2008

 
Home improvement tax cut urged
Home improvement tax cut urged

A cross-party group of MPs has urged the government to cut VAT on home improvements and DIY work. The group, from the three main political parties ...

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Published: 11/01/2008

 
Government explains housing body role
Government explains housing body role

The Department for Communities and Local Government has outlined details of how the Homes and Communities Agency (HCA) will work to deliver the three ...

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Published: 11/01/2008

 
Green tipped to bring golden rewards
Green tipped to bring golden rewards

Environmental issues will increasingly play a part in the choices house buyers make in the future, it has been predicted. The Home Builders Federatio...

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Published: 10/01/2008

 
Bank keeps rates steady
Bank keeps rates steady

The Bank of England''s monetary policy committee (MPC) has announced that it is keeping the base rate on hold at 5.5 per cent this month. Following l...

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Published: 10/01/2008

 
House prices "flat" unless rates are cut, predicts estate agent
House prices

This year will see a flat housing market unless the base rate is cut to five per cent, an estate agency has claimed. Chesterton made the prediction a...

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Published: 10/01/2008

 
Rate pledges "irrelevant" says CML
Rate pledges

The Council of Mortgage Lenders (CML) has said that any decisions by lenders to pass on cuts in the base rate to their standard variable rate mortga...

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Published: 10/01/2008

 
Look for mortgage specialist, green builders urged
Look for mortgage specialist, green builders urged

Those looking to develop eco-homes should look for specialist green mortgage providers, an independent financial advisor has stated. Simon Harris, ...

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Published: 09/01/2008

 
Mortgage customers expecting more rate cuts
Mortgage customers expecting more rate cuts

New home buyers are increasingly expecting more cuts in interest rates, new figures have suggested. Statistics from the Council of Mortgage Lenders...

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Published: 09/01/2008

 
Inflation warning over rate cuts
Inflation warning over rate cuts

House prices in the UK may fall if inflationary pressures restrict the Bank of England''s scope for cutting interest rates, the Royal Institution of C...

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Published: 09/01/2008

 
Bank tipped for triple rate cut
Bank tipped for triple rate cut

The Bank of England will cut interest rates three times by April 2008, it has been forecasts, news that may have an impact on the state of the house b...

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Published: 09/01/2008

 
BRC in rate cut call
BRC in rate cut call

The British Retail Consortium (BRC) has called for a cut in interest rates this week following disappointing December sales figures. Statistics revea...

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Published: 08/01/2008

 
House price back on the rise
House price back on the rise

New figures suggest that house prices may be bouncing back, contrary to predictions that they will continue falling, news which may interest those con...

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Published: 08/01/2008

 
Rate cuts not passed on
Rate cuts not passed on

Many mortgage lenders have declined to pass on the full 0.25 per cent December interest rate cut to their customers on the standard variable rate, i...

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Published: 08/01/2008

 
Planning permission sought for colliery redevelopment
Planning permission sought for colliery redevelopment

Planning permission is shortly to be lodged for a new development which could see the site of a former Nottinghamshire coal mine turned into new h...

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Published: 07/01/2008

 
Liverpool prospects 'good for years to come'
Liverpool prospects 'good for years to come'

The prospects for the development of the property market in Liverpool are not only good at present but will outlast this year''s European City of ...

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Published: 07/01/2008

 
Rate decision 'too close to call'
Rate decision 'too close to call'

This week''s Bank of England monetary policy committee (MPC) decision on whether or not to cut interest rates again is too close to call, economists h...

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Published: 07/01/2008

 
Stop the pessimism, urges IMLA
Stop the pessimism, urges IMLA

The Intermediary Mortgage Lenders'' Association (IMLA) has said there are many reasons to be positive about the housing market in 2008, but positive...

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Published: 07/01/2008

 
Government announces key worker plans
Government announces key worker plans

The government has announced new plans for helping key workers get their own homes in various parts of the country. Housing minister Yvette Cooper ha...

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Published: 04/01/2008

 
Council optimistic over affordable housing target
Council optimistic over affordable housing target

Mid Devon district council has said it is ahead of schedule in its project to increase the number of affordable homes in the area. The authority''s p...

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Published: 04/01/2008

 
Prices rise but regional divides grow
Prices rise but regional divides grow

New figures have shown that house prices are still growing across Britain, despite the recent market slowdown. Nationwide figures for the fourth quar...

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Published: 04/01/2008

 
NAEA in fresh Hips attack
NAEA in fresh Hips attack

The National Association of Estate Agents (NAEA) has added its voice to criticism of the government over the introduction of the home information pa...

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Published: 04/01/2008

 
New figures show house price rise
New figures show house price rise

House prices in England and Wales rose in November, according to figures from the Land Registry. The government body said the average house price i...

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Published: 03/01/2008

 
PMI may prompt new rate cut
PMI may prompt new rate cut

The Chartered Institute of Purchasing and Supply purchasing managers'' index (PMI) has shown a slowdown in manufacturing in December, news which may p...

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Published: 03/01/2008

 
Insulation 'better than behavioural measures'
Insulation 'better than behavioural measures'

Those looking to make their homes eco-friendly should ensure they adopt insulation as it has a more lasting impact than "behavioural" action...

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Published: 03/01/2008

 
Government under fire over Hips
Government under fire over Hips

The Department of Communities and Local Government has been criticised by a committee of MPs over the implementation of home information packs (Hips) ...

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Published: 03/01/2008

 
Edinburgh 'to see house prices grow'
Edinburgh 'to see house prices grow'

Edinburgh and the surrounding Lothians region will still experience house price growth irrespective of the national picture, estate agents and solic...

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Published: 02/01/2008

 
Policymakers urged to focus on older people
Policymakers urged to focus on older people

Policymakers have been advised to consider the housing needs of Britain''s elderly population more in their future planning. The call has come from c...

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Published: 02/01/2008

 
Greenbelt plan for Scottish woodland
Greenbelt plan for Scottish woodland

A plan to pilot an eco-friendly housing scheme using timber as a building material goes before planners in the Highlands this month. The scheme, forw...

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Published: 02/01/2008

 
Call for more key worker accommodation in St Albans
Call for more key worker accommodation in St Albans

There needs to be increased building of affordable homes for key workers on the town of St Albans, a local parliamentary candidate has said. Roma Mil...

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Published: 02/01/2008

 

 
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