Latest industry news
Before beginning a building project, check the news to ensure you are up-to-date with the latest regulations. Our housing market news will help ensure you have all the information you need, whether it is about planning, interest rates or house prices.
See the news by clicking on one of the links below.
Mortgage lending slowed in August
– from BBC.co.uk 20 September 2007
Mortgage lending fell by 6% in August, according to the latest report by the Council of Mortgage Lenders.
HIPs now needed for three-bedroom homes
– from the BBC 10 September 2007
Home Information Packs must now be provided by everyone selling a home with three or more bedrooms.
Interest rates held at 5.75%
– from the BBC.co.uk 07 September 2007
The Bank of England’s Monetary Policy Committee has decided to keep interest rates at the current level of 5.75%.
Annual house price growth eased in August
– from Reuters 03 September 2007
Annual house price growth eased to a five-month low, according to figures released by the Nationwide building society.
Government confirms HIPs to be extended
– from the Guardian 17 August 2007
The government has confirmed that three bedroom homes will be covered by Home Information Packs from 10th September.
Inflation rate drops below government target
– from the BBC 14 August 2007
The inflation rate in the UK has fallen to 1.9%, lessening fears of further interest rate rises.
June saw £1,000 weekly house price rise
– from The Guardian Unlimited 13 August 2007
House prices in the UK rose by £1,000 every week in June, according to the latest figures from the government.
HIPs for all homes ‘by November’
– from the Financial Times 06 August 2007
Home information packs will be a legal requirement for all houses by mid-November, according to industry experts.
Average house prices to ‘reach £300,000’
– from BBC.co.uk 06 August 2007
Average house prices in England will reach £300,000 by 2012, according to research by the National Housing Federation.
Interest rates held at 5.75%
– from BBC.co.uk 03 August 2007
The Bank of England has decided to keep interest rates on hold at 5.75%.
Small house price rise in July
– from BBC.co.uk 02 August 2007
House prices rose by just 0.7% in July, according to the latest survey by the Halifax.
June mortgage figures shows housing market still robust
– from Reuters 31 July 2007
Mortgage lending in June grew, suggesting that recent interest raises have not cooled the housing market.
HIPs won’t cover some online sales
– from Reuters 25 July 2007
The government has confirmed that a loophole in Home Information Pack rules means some online property sales won’t need the packs.
Average house prices in London over £300,000
– from BBC.co.uk 20 July 2007
The average house price in London now exceeds £300,000, according to figures released by the Halifax.
Private and public sector build rate falls
– from House-builder.co.uk & BBC.co.uk 12 July 2007
House building statistics show private sector starts fell by 1% last quarter, while only about 75 council houses were completed.
Interest rate rises are slowing house prices
– from BBC.co.uk 12 July 2007
House price growth halved in June as higher interest rates slowed demand, a report says.
Chancellor plans mortgage shake-up
– from The Guardian 10 July 2007
The chancellor, Alistair Darling, plans changes to the mortgage market, to help tackle the crisis in affordable housing.
First-time buyers pay up to half of wages on mortgage
– from Reuters 05 July 2007
First-time buyers in parts of London are spending up to 50% of their wages on mortgage repayments.
Interest rates increase to 5.75%
– from Guardian.co.uk 05 July 2007
The Monetary Policy Committee has increased interest rates to 5.75%, the highest level for six and a half years.
Interest rate rise expected
– from BBC.co.uk 02 July 2007
Interest rates in the UK are expected to go up to 5.75% this week, in an effort to slow inflation.
From house price news to environmental regulations, ensure you are up-to-speed with building project news from Regentsmead.
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