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."
Two thirds (66%) of people aged 60 or over have never considered downsizing their property, according to a recent survey by BLP Insurance, a specialist residential warranty and commercial latent defects insurer.
Following the release of today’s Construction PMI figures, Phil Harris, Director at BLP Insurance, comments on the sector: "Despite last month’s bounce back into expansion territory, it was unsurprising to see a significant drop in today’s PMI figures under a cloud of continued political turmoil. Nevertheless, market fundamentals continue to remain positive. The planning pipeline for the residential sector is healthy, and a promising year-on-year boost in value (over 25%) for onsite office projects in the past few months could be a long-awaited inflexion point in the three-year commercial lull*."
BLP Insurance, the specialist residential warranty and commercial latent defects insurer, has been awarded a new contract with Legal & General to underwrite the Mustard Wharf Build to Rent (BTR) development in Leeds.
Following the release of today’s Construction PMI figures, Phil Harris, Director at BLP Insurance, comments on the sector: “After bouncing back into expansion territory (50.5) following a two month period of contraction, it’s time for the construction industry to collectively stop ‘kicking the can’ down the road."
Following the release of today’s Construction PMI figures, Phil Harris, Director at BLP Insurance, comments on the sector: “After slipping into contraction last month, it was unsurprising to see little positive momentum in today’s PMI figures. The ‘Beast from the East’ ravaged the sector last March, but a year on and the market has been snowed in by Brexit."
Following the release of today’s 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."
Phil Harris - Director at BLP Insurance - comments on the latest Construction Purchasing Managers Index (PMI). “The construction sector suffered its second monthly fall in a row down to 50.6, but scraped in just above the growth threshold of 50.0 which was an achievement in itself given the festive seasonal slowdown and the gloomy political and business backdrop."
Bureaucracy, lack of cooperation and a dwindling SME builders market are the main blockades to reaching the government’s ambitious housing targets according to panellists at an event held by BLP Insurance and the British Property Federation on 3 July 2018.
BLP Insurance, the specialist residential warranty and commercial latent defects insurer, announces that Swan Housing Group, one of the leading regeneration housing associations in the UK, has secured BOPAS (Buildoffsite Property Assurance Scheme) accreditation for their precision engineered modular CLT homes.
BLP Insurance has joined the Consumer Code for New Homes (CCNH). The CCNH Code is approved by the Chartered Trading Standards Institute. The objective of the CCNH Code is closely aligned to the BLP Code for the Sale of New Homes, which BLP Insurance launched in 2015.
Over 250,000 non-homeowners appear to have given up on the dream of owning their own property in the past year alone, according to a new study. The 2017 Homeowners Survey, an annual study conducted by the HomeOwners Alliance and BLP Insurance into the concerns, views and issues affecting British homeowners and aspiring homeowners, found that for the first time in five years, there has been a drop in the number of non-homeowners who aspire to own.
Increasing numbers stay put due to property market concerns. New research from campaigning and advice body, HomeOwners Alliance and leading warranty provider, BLP Insurance, has shown that more than 1 million UK adults have shelved plans to purchase a new property because of the vote to leave the European Union. 15%, the equivalent of more than 7.5 million UK adults, put off plans to move this year. Of these, almost one in six (15%), equating to more than 1 million UK adults, say that the Brexit vote was behind their decision.
According to the annual Homeowner survey conducted by YouGov for HomeOwners Alliance and BLP Insurance, 6% of homeowners age fifty-five or older say they have moved in the two past years and a further 19% have considered moving but not done so – the equivalent of more than 2 million homeowners.
BLP Insurance has appointed James Churchill as Business Development Executive. In his new role, James will help drive sales in northern England, Scotland and Northern Ireland.
BLP Insurance has received Stage 2 Approval from the Trading Standards Institute for its Code of Practice for the Sale of New Homes, a hallmark for consumer protection and best practice in the construction industry.
“Whilst the industry should not overreact, there is no doubt it will be a tougher market in which to do business until some certainty is attained in terms of any negotiation access to the EU Single market, which remains key, as does flexibility in the labour market."
Kim Vernau, CEO of BLP Insurance, comments on their recent seminar organised in conjunction with the British Property Federation on housing supply now.