PRC Properties

It is probably true to say that there are more types of non-traditional constructions in the UK than in almost any other country in the world.

History has shown that the period between the first and Second World War witnessed the development of various types of housing construction based on pre-cast concrete, timber, steel and occasionally cast iron. Thousands of these homes were built to ease the housing shortage and were only intended as temporary housing, Read more

Home Ownership Declines

The national centre for social research found that two thirds of non-home owners believe that they have no prospect whatsoever of buying a home at the current time.

Property owing Britain has now it seems come to a grinding halt, this is due to numerous things such as the credit crunch, a housing shortage and mortgage availability. Read more

Green Mortgages

The UK government and lenders are now being urged to do more to reward borrowers who want to do their bit for the environment.

The government wants to roll out ‘whole house energy makeovers’ to improve the energy efficiency of the UK’s 22 million homes.

Many experts want lenders to consider offering accessible mortgage products for people looking to buy more energy efficient properties which would bring down carbon emissions as well as household fuel bills. Read more

Financing Right to Buy Property

The right to buy scheme is little understood and it is this lack of understanding that prevents many tenants from potentially getting their first foothold on to the property ladder.

The scheme allows social tenants to purchase their own homes at a discounted rate in England and Wales, providing they have been a tenant for at least 2 years. Read more

Accelerating the Release of Land for Building

A growing and ageing population necessitates building more homes, including affordable ones. Therefore the government is getting the housing market and in particular new house building moving again through delivering proposals that are outlined in ‘laying the foundations: a housing strategy for England’. Read more

Trapped in Shared Ownership Schemes

Shared ownership has been credited with helping more than 170,000 mainly low and middle income households on to the property ladder since the schemes were launched.

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Housing Strategy: Well Designed Homes

The country needs to build more homes, so that everyone can live in a decent and affordable home that meets their needs. The government therefore has now reviewed and revitalised the whole housing system.

Since the credit crunch arrived in 2007 it has been very difficult to evaluate house building as essentially developers have been hamstrung by the property slump and have shelved new developments. Read more

Cap on mortgage Loan to Value Ratios

It seems that there are to be tough new rules handed to the Bank of England shortly. These rules are to ban unsustainable mortgages and prevent another ‘housing bubble’.

The government believes that ‘previous light touch regulation has led to unmitigated disaster for the economy’. Read more

A Rush to Beat The Stamp Duty Deadline

Since early 2010 first time buyers have been able to purchase houses up to the value of £250,000 and avoid paying the 1% stamp duty land tax. However, this exemption is to end on the 24th of March 2012.

The Council of Mortgage lenders (CML) figures have suggested that buyers are attempting to beat the deadline to save money. With the average first time buyer property costing around £130,000; buyers typically stand to save £1,300. Read more

The Cost of Moving Home Soars

Moving home is fast becoming a very expensive business. Once a home owner has overcome the big hurdle of raising a large deposit or equity mortgage lenders want for good rates, they then need to dig even deeper to actually find the cost of the move.

This added high cost of moving seems to have therefore played a major part in keeping property sales stuck at record low levels.

Reports have shown that the cost of moving has risen at a rapid pace, faster than both house prices and inflation. Read more

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