View more on these topics

SmartNewHomes.com calls for more family homes

SmartNewHomes.com has called on Gordon Brown to increase the supply of family homes.

It says the new homes market has experienced considerable change over the last 10 years under Tony Blair’s leadership, with a significant shift towards the building of more apartments.

In 1997 when Blair first became Prime Minister, 74% of new homes built were houses, compared to just 26% of apartments.

Over his time in power, the new homes market has experienced a significant shift as developers have striven to meet growing targets in line with government density guidelines, resulting in apartments now making up 56% of the new homes mix.

David Bexon, managing director, SmartNewHomes.com, says: “During Blair’s leadership we have seen a significant shift towards the building of apartments, at the expense of the family home, as developers have little choice when attempting to meet escalating government targets, whilst dealing with a shortage of available land.

“While there is agreement across the industry that demand for housing is outstripping supply, placing an increased emphasis on density is clearly not the answer.

“A plethora of one bedroom apartments will do nothing to meet the needs of the growing number of young families, currently unable to step up the housing ladder due to a lack of affordable, family homes.

“We have already seen an indication that the theme of Brown’s future housing plans will be around the environmentally friendliness of our housing stock, with mention of his ‘Brown’s Towns’ which aim to encourage the development of 100,000 new, ‘green homes’ in five, eco friendly towns.

“However, while ensuring the eco friendliness of new housing stock is of great importance there are a host of other, key issues that need to be addressed.

“A series of additional measures are needed across the residential property market to ensure its future sustainability and an increasingly urgent need for more affordable, family homes should be topping the agenda.

“My advice to Brown would be to work with developers, not against them and to be careful not to choose eco friendliness over consumer friendliness.”

Recommended

Close B2L range under fire

Close Mortgages has been slammed for underwhelming the market with the pricing of its buy-to-let range.The criticism comes as the lender is rejigging its range in response to the stiff competition it faces.One source tells Mortgage Strategy that the Close Brothers-owned specialist buy-to-let lender has been struggling as a result of its uncompetitive range and […]

Website points to Blair’s mixed housing legacy

With Tony Blair due to step down as Prime Minister later this week, Pro-pertyfinder.com says his housing market legacy includes lower mortgage rates but also declining numbers of first-time buyers. It says the average mortgage rate during the Blair years was 5.9% compared with 8.8% in the decade before he took office. Average house prices […]

4

CHL added to AToM panel

All Types of Mortgages has added CHL Mortgages to its main packaged panel. CHL Mortgages’ inclusion on AToM’s packaged panel will provide AToM with an onsite underwriter placed in its office. Dale Jannels, sales and marketing director at ATom, says: “We are delighted to now be able to offer products from CHL. Its latest addition […]

MBS adds to lender panel

Mortgage Broking Services has appointed Money Partners Touch to its lender panel. Members of MBS’ network will be able to access online tools including instant decisioning, automated valuation models, credit searches and pre-populated application forms.

Mental health in the mainstream

By Amanda Docherty, senior marketing consultant Apart from career success, millions in the bank and, on appearance, coveted lifestyles, what else do Rio Ferdinand, Lady Gaga and Ellie Goulding all have in common? They’ve all demonstrated that the power of celebrity can sometimes have a more altruistic purpose than idle gossip. Recently we’ve seen respected […]

Newsletter

News and expert analysis straight to your inbox

Sign up