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House building approvals up 33% in Q1

House building approvals were up 33% in Q1 2012 compared to Q4 2011, the Home Builders Federation’s latest Housing Pipeline report shows.


The total of 36,761 new home approvals given in England also represented a 10% year on year increase but approvals still fell far short of the 60,000 new homes needed to meet housing need and reach pre-crisis levels.

The figures break down to 31,078 private housing approvals granted, up 37% on Q4 2011 and 18% Q1 2011.

There were 4,313 social housing approvals granted in England down 28% from 5,983 on Q1 2011.

Meanwhile permissions granted in London rose by a whopping  89% on Q1 2011 to 12,923.

Planning permissions granted now will, in the main, be built during the next three or four years.

Stewart Baseley, executive chairman of the HBF, says; “The increase in permissions is welcome, but if we are to address our acute housing crisis we need to see to see continued increases in the number of permissions for new homes granted over a sustained period.

“How Local Authorities interpret the new planning system will be crucial. They now have the power, but with that comes responsibility and they must act to meet their areas’ housing needs”


Financial schooling adds up

Calls are growing louder for financial education to be compulsory in schools so young people have the skills to manage their finances, leading to a better social and economic situation overall


Marketwatch – June 2012

Heroes&villains Hero of the week London mayor Boris Johnson for visiting Coreco Group and reaffirming his support for apprenticeships, the London housing market, mortgage brokers and small to medium sized firms. Villain of the week The Financial Services Authority for increasing fees payable by mortgage firms. At a time like this when income for many […]

SHIP steers into wider waters with rebrand as Equity Release Council

Safe Home Income Plans will open up its membership today to advisers, lawyers and surveyors as it rebrands as the Equity Release Council. The trade body hopes its rebrand and new structure will help to promote the sector and educate consumers looking to release the equity in their property. It will be working with members […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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