A large-scale survey by a consumer group has revealed that over half of home owners regard stamp duty as a growing problem; conveyancers’ fees, the rise of gazundering and threat of negative equity are increasingly worrying too. The HomeOwners Alliance's annual survey - involving a sample of 2,000 and regarded as a snapshot of home owner sentiment - lists a range of issues that are of increasing concern for the home-owning public.
Britain's housing crisis stretches far beyond just not being able to save a deposit - with millions now trapped in suffocating leaseholds. Leasehold properties and the current lack of housing stock form the two biggest property issues right now, according to a report.
Following the release of the recent Construction PMI figures, Phil Harris, Director at BLP Insurance, comments on the sector. "After skirting precariously close to the abyss, the construction sector has fallen into contraction (49.5) for the first time since March 2018. The main symptoms are a fear of a potential Brexit cliff face, lethargic commercial activity and major concerns about the long-term viability of Help to Buy."
UK construction activity declined in February for the first time in eleven months led by a drop in commercial building work. Civil engineering work also fell but residential construction continued to grow for the 13th consecutive month, according to the IHS Markit / CIPS Construction purchasing managers’ index (PMI).
The construction sector could only need a 'small nudge' to fall into recession after suffering another slowdown as Britain’s builders stay put amid growing Brexit uncertainty. The latest Markit/CIPS UK Construction purchasing managers' index dropped to 50.6 for January, from 52.8 in December, marking the slowest growth since March last year. By Camilla Canocchi for Thisismoney.co.uk
Construction industry slows down amid worrying political and business backdrop – following the release of the Construction PMI figures, Phil Harris, Director at BLP Insurance comments on the sector...
The Buildoffsite Property Assurance Scheme offers designers, manufacturers and constructors, as well as lenders and, ultimately, buyers confidence in Modern Methods of Construction. Formed of two separate assessments – a durability and maintenance assessment of the building product or technology and a process accreditation of the organisation itself – the Buildoffsite Property Assurance Scheme (BOPAS) is an accreditation for designers, manufacturers and constructors who are involved in offsite manufacture of systems and products.
Construction activity in November indicated a solid expansion of UK construction output as new work picked up and client demand rose, according to the latest construction PMI. Since October, growth of new work improved and rising client demand underpinned a robust and accelerated expansion of employment. The rate of job creation was the highest since December 2015. Despite this, business confidence remained relatively subdued, with survey respondents noting that Brexit-related concerns had weighed on their growth projections for the next 12 months.
Damming research into buyers' attitudes reveals how much the public now considers new homes to be poor quality and too expensive. Nearly a quarter (24%) of people consider a lack of quality of build to be a major disadvantage of buying a new build home over an older property, according to a recent survey by BLP Insurance, a specialist residential warranty and commercial latent defects insurer.
Nearly a quarter (24%) of people consider a lack of quality of build to be a major disadvantage of buying a new build home over an older property, according to a recent survey by BLP Insurance, a specialist residential warranty and commercial latent defects insurer.