View more on these topics

New build starts down on quarterly and annual basis in Q1

The number of new builds started in England fell by 5 per cent in the first quarter of the year compared to the previous three months, according to government statistics.

An estimated 39,350 new builds were started in the first quarter of 2018 on a seasonally adjusted basis, which is an 8 per cent drop on the same period a year earlier, says the Ministry of Housing Communities and Local Government.

Completions were estimated at 38,160 for the quarter, 9 per cent lower on a quarterly basis and 4 per cent down year-on-year.

New build starts for the 12 months to March were also down, falling 3 per cent on the 12 months prior. However, for that period, completions rose by 8 per cent year-on-year.

IMLA executive director Kate Davies says: “The number of new homes still falls short of the volume needed to meet the UK’s chronic housing shortage. Additionally, when looking at the data over an extended period of time – it is clear that quarterly housing starts remain well below pre-financial crash years.

“The number of housing completions is at its lowest since Q1 2016, despite ongoing policy pledges to mend what the government has itself described as the ‘broken housing market’.

“To have any hope of rebalancing the relationship between housing supply and demand, the government must do more to instil confidence in the new build sector.”



Million-pound mortgage fraudster jailed after blaming broker

A nightclub owner and yacht designer has been jailed for mortgage fraud after first trying to blame his broker. Arthur Wilder was sentenced to three years in prison at Hull Crown Court this week for falsifying his income on mortgage applications despite having claimed that his brokers had done so without his knowledge. The Hull […]


DPR Group buys digital broker Burrow

Technology firm DPR Group has bought the online mortgage broker, Burrow. Burrow, which launched last year, was originally known as Dwell and started as a consumer brokerage, before moving to a business-to-business model. Initially, the broker said it wanted to abolish the traditional ‘agreement in principle’ stage of mortgage applications and said fact finds were […]


New Vida mortgage helps Bank of Mum and Dad avoid stamp duty surcharges

Specialist lender Vida Homeloans has launched its first Joint Borrower Sole Proprietor mortgage, aimed at parents helping their children buy a property. These JBSP mortgages allows parents to provide financial assistance, but they are not joint owners of the property, and their name does not appear on the title deeds. This means they do not […]

Recording sickness absence cover - thumbnail

White paper — recording sickness absence

The latest figures from the Department for Work and Pensions illustrate that sickness absence is still a major cost to businesses, with an annual bill for sick pay and associated costs to employers of £9bn. This paper from Jelf Employee Benefits looks at the importance of recording sickness absence for any employee health strategy and how this can be carried out in an efficient manner to reduce absence, improve employee engagement and drive up profits.


News and expert analysis straight to your inbox

Sign up