View more on these topics

Developers can’t build new homes without funding

Regarding your story ‘Beckett calls for house builders to keep building’ (Mortgage Strategy Online, November 20).

Developers have not ceased building as a matter of choice but as a consequence of lenders not releasing adequate funds.

And even if developers manage to secure reservations, most lenders instruct their valuers to disregard the benefits and enhanced value of new-build property and downvalue prices.

Those unfortunate house builders that in line with government and local planning directives have constructed city centre apartments have no chance of selling to anyone other than cash buyers as most lenders will no longer finance properties of this type.

We would love to hear how the government thinks it is possible for the housing industry to continue to build without cash to fund it.

Sarah-Jane Phelps

Sales and marketing director

Colburn Homes




Government announces HIP shake-up

Housing minister Margaret Beckett has announced an overhaul of home information packs which will force sellers to compile a HIP before the property is marketed.

RBS drops SVR to 4.44%

Royal Bank of Scotland has cut its Standard Variable Rate will be cut 0.75% from 5.19% to 4.44%.

Diversified cashflows are key

Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.


News and expert analysis straight to your inbox

Sign up