Lenders not playing ball with Government’s 95% mortgages, homes chief warns

Edinburgh property values have risen by 509 per cent.

A letter written by Home Builders Federation (HBF) executive chairman Stewart Baseley has revealed that banks are not playing ball with the Government's 95% mortgage offer to kick-start the housing market. The letter dated 27 March - leaked to the Daily Telegraph - informed housebuilders that lenders have not "embraced the scheme as first envisaged" and that efforts were under way to "impress upon them to implement NewBuy as a matter of priority." The scheme, which was launched this month, was meant to be rolled out rapidly following the launch with lenders engaging builders about the … [Read more...]

Slump in planning approvals for new Scottish homes

The House Builders Associations welcomes NewBuy mortgages but warned it could create further barriers for smaller house builders.

The study indicated approval was given for nearly 5,500 new Scottish homes in the first half of 2011 The number of new homes being granted planning permission in Scotland has slumped at a faster rate than any other part of the UK this year, according to new data. The Home Builders Federation (HBF) said approval was given for 5,478 Scottish homes in the first half of the year. That compares with almost 9,500 residential units granted permission during the same period in 2010. Two years ago, Scotland accounted for 18% of the number of UK approvals. According to HBF, the figure now … [Read more...]

Self-build: Should people build their own homes?

self build

The government wants to double the number of people building their own homes. But is it wise to encourage the population to take up DIY housebuilding? Programmes like Grand Designs tap into the desire to build your dream home. Now the government - keen to raise the stubbornly low housebuilding rate - wants to start "a self build revolution". Housing Minister Grant Shapps will later this week launch an action plan to double the number of self-build homes within a decade. In reality, few Britons follow the Grand Designs model. The show's creator Kevin McCloud argues that Britons buy … [Read more...]

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