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More than £1billion was added to the value of Britain’s biggest builders yesterday as figures showed the housing market was in rude health. Shares in the top developers rose after the Bank of England said mortgage approvals had reached a 13-year high in 2020. The Bank said 103,381 loans were approved by lenders in December, … Read more
Housebuilders’ shares sank as concerns about whether or not the UK and Brussels could hammer out a Brexit deal rippled through the City. After being boosted for several weeks by Covid vaccine news and Joe Biden’s win in the US presidential election, the prospect of crashing out of the EU without a deal took centre … Read more
Watchdog threatens to sue UK’s four largest housebuilders including Barratt and Persimmon over misleading leasehold contracts that DOUBLE ground rent every decade Barratt Developments, Persimmon Homes, Taylor Wimpey and Countryside Properties will all be investigated by Competition and Markets Authority (CMA) Watchdog said it had uncovered evidence of potential mis-selling practices It said this could … Read more
BUSINESS LIVE: Housebuilders facing probe over ‘leasehold trap’ allegations; US tech stocks see a pull back; Pret a Manger starts monthly subscription service US stocks fared poorly yesterday and FTSE 100 opened down this morning Four major UK housebuilders being investigated by competition body By Jane Denton For Thisismoney Published: 08:22 BST, 4 September 2020 | … Read more
STOCK WATCH: Housebuilders give an idea of how the land lies By Jamie Nimmo For The Financial Mail On Sunday Published: 22:31 BST, 4 July 2020 | Updated: 22:57 BST, 4 July 2020 Anyone trying to sell up or buy a new home on the cheap should keep a close eye on the housebuilders this … Read more
The UK’s construction industry has slumped to its lowest activity levels since records began, with social distancing measures and a lack of materials caused by the coronavirus crisis said to be crippling work on building sites across the country. The latest reading of the closely-watched IHS Markit/CIPS UK construction purchasing managers’ index (PMI) is the … Read more
Housebuilders were stacking up gains yesterday as investors hoped construction workers would soon be heading back to work. Taylor Wimpey was the top riser on the FTSE 100 after it said it was still selling homes virtually, adding its order book was at £2.7billion at the end of last week, up from £2.4billion the same … Read more
Britain’s housebuilders’ shares could prove a solid investment if property prices have a ‘soft landing’ and don’t drop more than 10 per cent this year, analysts have claimed. The housing market has ground to a halt in recent weeks since the UK went into lockdown. Most building sites have shut down, estate agents are closed, … Read more
Housebuilders spark row over taxpayer cash as they rush to furlough staff – despite making billions off Government’s Help to Buy scheme By Matt Oliver For The Daily Mail Published: 21:50 BST, 13 April 2020 | Updated: 21:50 BST, 13 April 2020 Britain’s biggest housing companies have furloughed more than 9,000 workers using taxpayer cash … Read more
The threat of legal action is hanging over some of Britain’s biggest housebuilders after the competition regulator vowed to crack down on toxic leasehold homes. A Competition and Markets Authority (CMA) investigation found evidence that many families were ‘misled’ by firms selling leasehold homes on new estates. This meant that buyers were paying for the … Read more