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.
BLP Insurance, the specialist residential and commercial insurer, has appointed Samantha Ferneley as Business Development Executive.
Last week, the All Party Parliament Group (APPG) inquiry into the quality of new-build homes have made a number of hard hitting recommendations which are supported by the findings of the 2016 Homeowner Survey conducted online by YouGov for HomeOwners Alliance and BLP Insurance.
The housing crisis is deepening as concerns mount about the availability and quality of homes, while increasing numbers aspire to own the roof over their head, according to the 2016 Homeowner Survey conducted by YouGov for HomeOwners Alliance and BLP Insurance.
Kim Vernau, CEO, BLP Insurance comments on the impact of the mayoral elections this week on the London housing sector: “Housing was a top priority for both candidates during their election campaign and now they have to prove that theory can be turned into practice. London is facing huge challenges, including the lack of affordable homes and the significant shortage of skilled labour, which will be exacerbated due to the ageing workforce."
On the 1st of April, the government introduced a new 3% stamp duty surcharge to be paid by those buying buy-to let properties and second homes, and was met by loud opposition from landlord groups. When asked whether they support or oppose the stamp duty surcharge on second homes, more than twice as many people support the policy as oppose it, according to the 2016 Homeowner Survey conducted by YouGov for HomeOwners Alliance and BLP Insurance. 47% of UK adults support the stamp duty surcharge, while 18% oppose it and the rest are neutral (20%) or don’t know (15%).
“Measures announced in the budget will go some way towards stimulating housebuilding in the UK but it’s disappointing the lack of new initiatives directly applicable to providing a long term solution to the chronic housing shortage." - Phil Harris, Head of Sales, BLP Insurance.
BLP Insurance, the specialist residential and commercial latent defects insurer, has been named as one of the London Stock Exchange’s 1000 Companies to Inspire Britain. BLP Insurance was chosen as one of the UK’s fastest-growing and most dynamic small and medium sized businesses.
BLP Insurance, the specialist residential and commercial insurer, has appointed Phil Harris as Head of Sales to support the growth of the residential sales team nationwide.
Kim Vernau comments on the Government’s initiative to directly commission the building of up to 13,000 new homes on public land.
“The Chancellor’s Autumn Statement offers great promise for housebuilders and potential homeowners. Almost £7bn has been designated to help tackle the current housing crisis, with most of the finances put aside to help working families and individuals buy homes, through grants for shared ownership properties."
Kim Vernau, CEO at BLP Insurance, comments on the Government’s initiative to build 200,000 “starter homes” announced in David Cameron’s speech at the Conservative Party Conference.
BLP Insurance, the specialist residential and commercial insurer, has announced two senior additions to its business development executive team in response to increasing regional demand for its building insurance products in the Midlands and South West of England.
Mark Crosby, senior underwriter, BLP Insurance, comments on the significant uptake of small commercial property schemes* seen in the construction industry and how this positive sentiment from SMEs is an indicator of an improving UK economy.