More than £1billion was added to the value of Britain’s biggest builders yesterday as figures showed the housing market was in rude health. Shares in the top developers rose after the Bank of England said mortgage approvals had reached a 13-year high in 2020. The Bank said 103,381 loans were approved by lenders in December, … Read more
Housebuilders’ shares sank as concerns about whether or not the UK and Brussels could hammer out a Brexit deal rippled through the City. After being boosted for several weeks by Covid vaccine news and Joe Biden’s win in the US presidential election, the prospect of crashing out of the EU without a deal took centre … Read more
Helen Goggin, 31, and husband Daniel, also 31, bought a three-bedroom leasehold in Lancashire When Helen Goggin, 31, and her husband Daniel, also 31, bought their £150,000 three-bedroom property in Lancashire they always thought they’d be able to move with few issues. But the couple have spent more than a year being unable to sell … Read more
BUSINESS LIVE: Housebuilders facing probe over ‘leasehold trap’ allegations; US tech stocks lead a pull back; Pret a Manger starts monthly subscription service US stocks fared poorly yesterday and FTSE 100 opened down this morning Four major UK housebuilders being investigated by competition body By Jane Denton For Thisismoney Published: 08:22 BST, 4 September 2020 | … Read more
STOCK WATCH: Housebuilders give an idea of how the land lies By Jamie Nimmo For The Financial Mail On Sunday Published: 22:31 BST, 4 July 2020 | Updated: 22:57 BST, 4 July 2020 Anyone trying to sell up or buy a new home on the cheap should keep a close eye on the housebuilders this … Read more
Britain’s housebuilders’ shares could prove a solid investment if property prices have a ‘soft landing’ and don’t drop more than 10 per cent this year, analysts have claimed. The housing market has ground to a halt in recent weeks since the UK went into lockdown. Most building sites have shut down, estate agents are closed, … Read more
Housebuilders spark row over taxpayer cash as they rush to furlough staff – despite making billions off Government’s Help to Buy scheme By Matt Oliver For The Daily Mail Published: 21:50 BST, 13 April 2020 | Updated: 21:50 BST, 13 April 2020 Britain’s biggest housing companies have furloughed more than 9,000 workers using taxpayer cash … Read more
The threat of legal action is hanging over some of Britain’s biggest housebuilders after the competition regulator vowed to crack down on toxic leasehold homes. A Competition and Markets Authority investigation found evidence that many families were ‘misled’ by firms selling leasehold homes on new estates. This meant that buyers were paying for the right … Read more
Housebuilders LIED to the buyers of leasehold homes it emerges as competition watchdog prepares to take action against them Watchdog finds serious issues with the way leasehold homes have been sold Homebuyers were not properly advised on what they were being sold Thousands of homeowners could potentially have been mis-sold to as a result By … Read more