View more on these topics

Persimmon reports pick up in enquiries

House builder Persimmon has reported a good start to the year, with a rise in enquiries and orders.

In an interim management statement today, the house builder says visitor levels to its sites over the first fifteen weeks of the year have been 10% higher than in the same period last year, with cancellation rates running at historically low levels of 17%.

The accounts show the company has also experienced an increase in enquiries relating to the government’s NewBuy scheme.

The accounts say: “We believe this scheme will support increased sales activity for the UK housebuilding industry once all the major mortgage lenders have entered the market, and made NewBuy widely available at attractive rates.”

Its weekly private sales rate has continued to run ahead of the same period in the prior year increasing by 20% in the first fifteen weeks of the year. 

While its order book, including legal completions already achieved for the current year, now totals £1.24bn, 9% ahead of the position at the same point last year.

Recommended

Charting the story of reversion plans

In the mid-1960s when equity release first appeared in a formalised way in the UK, it was all about clients using their property to make ends meet.

The Mortgage Mole

Hard times Woolwich’s tranche booking system became notorious among brokers last month after many were forced to stay up all night to book funds. Mortgage Strategy was inundated with numerous tales of woe from brokers, but it seems the system did have benefits. Mole hears that one network head recently received an email from a […]

Mortgage advice firms were down 10% in 2011

The number of mortgage advice firms fell by nearly 10% last year, according to figures from the Financial Services Authority. In December 2010, there were 4,364 firms whose primary business was giving mortgage advice but this fell to 3,937 by December 2011. Mortgage advice firms peaked at 8,509 in December 2007, 53.7% higher than in […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

Newsletter

News and expert analysis straight to your inbox

Sign up