Appreciating value and equity build-up are the main benefits for property homeowners, BLP Insurance, a specialist residential warranty and commercial latent defects insurer, has found. Kim Vernau, chief executive at BLP Insurance, said: “With prospective first-time buyers struggling to get their foot on the housing ladder and no quick fix in sight, it’s more important than ever that the standards of rental accommodation are addressed."
A rental provider specialising in property for older tenants has attacked what he calls “hidden costs” involved when people buy purpose-built retirement units. Jamie Turnbull, business director at Girlings Retirement Rentals, says a recent survey by BLP Insurance revealed that 46 per cent of over-60s were worried about the cost of moving to a purpose-built retirement ‘village’ with 44 per cent expressing reservations about hidden fees and some 25 per cent regarding complex contracts as a “major pain point.”
The UK construction PMI came in at 43.1 in June, a dramatic drop from the 48.6 recorded the month prior and far off the market expectation of 49.3. This is the sharpest fall since April 2009, IHS Markit/CIPS says, adding that both house building and commercial building projects fell off steeply – the former being at its worst level for three years and the latter the most steeply since December 2009 – and that demand for products and materials fell at its most rapid pace since January 2010.
Location: Lloyd's Register, London
After growing demand on BOPAS, and following a few well attended briefings, Buildoffsite are now running another breakfast briefing for everyone who is interested to learn more about the scheme. It will provide an overview of BOPAS Certification and its role in supporting innovative forms of house-building. BOPAS has been developed to provide assurance to the lending community and valuers that non-traditional products or technologies or systems of construction can be used in new house-building with total confidence and traceability, with the option of insurance cover to provide additional certainty.
The mood music was all about 'can do' attitude last week as the new Prime Minister, Boris Johnson burst on to the scene with ambitious pledges to increase long-desired public spending, signalling plans to plough ahead and 'get on with things' in spite of the Brexit-shaped elephant in the room.
Appreciating value and equity build-up are the main benefits for property homeowners in the UK according to a recent survey from BLP Insurance, a specialist residential warranty and commercial latent defects insurer. This was considered the case among almost half of respondents (46%), and was particularly prevalent among over 55s (56%) compared with 18-34 year olds and 35-54 year olds (35% and 45% respectively).
Following the release of today’s Construction PMI figures, Phil Harris, Director at BLP Insurance, comments on the sector: “For the fourth month out of five, the construction industry is languishing in contraction. Plummeting more than five points from last month to 43.1, the sector remains beholden to the uncertain nature of Brexit and ongoing delays on major infrastructure projects."