Mortgage lending up in September whilst approvals dropped

Figures from the British Bankers Association (BBA) have found that the figure for gross mortgage lending in September increased to £8.4billion, despite approvals dipping slightly.

The amount of money lent by the banks was up from £8.3 billion in August, with a spokesperson for the BBA suggesting that the increase is due to more activity in the buy to let market.

However, the number of mortgage approvals were down 6% compared to August’s figures. 33,130 mortgage loans were approved in September, whereas at the height of the housing market there were about 130,000 approvals a month.

First time buyers who are struggling to get on the property ladder are still concerned about the lack of mortgage lending but the number of 90% mortgages on the market are increasing, so it is important to keep looking.

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Self-Build Zone host self build site insurance masterclass at the National Home Improvement Show 2011

Self-Build Zone announces that Simon Middleton, Director at Self-Build Zone hosted a Masterclass at the National Home Improvement show at Earls Court over the weekend.  Simon spoke on the subject of avoiding costly extension, improvement and renovation project insurance pitfalls.

Self-Build Zone are a leading provider of site insurance, the 10 year structural warranty, buildings insurance, technical audits, building control services, health & safety to the self build, extension and home improvement marketplace.

Site Insurance is essential for anyone planning an extension, renovation, conversion or new build project. Self-Build Zone have several different site insurance options to protect your project during the build process, including flexible short term extendable policies as well as the traditional 2 year policy.

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Take the Government Self Build Survey 2011

As part of the Government’s initiative to help more people to self build a home for themselves, the Department for Communities and Local Government has launched a survey for self builders.

This short survey asks self builders about their projects to gauge the growth potential of the self build market and the finance needs of self-builders.

Take the 2011 self build survey here.

The results of the survey will feed into work that the Government is doing with the Building Societies Association and lending institutions to make more finance products available to self builders, and to help implement the recently published Self Build Housing Action Plan, The report of the Self Build Government-Industry Working Group, NaSBA,  An Action Plan to Promote the Growth of Self-build Housing from the Self Build Government Industry Working Group, involving Self Build Zone Director, Simon Middleton.

Simon Middleton Interview importance of Structural Warranties for SelfBuilders

Simon Middleton was recently interviewed for SelfBuild.TV about the importance of Structural Warranties for SelfBuilders.

To view the video, please see below: – Structural Warranties from SelfBuilder TV on Vimeo.

About Self Build-Zone:

Self-Build Zone provides site insurance and structural warranty packages for new builds, renovations, extensions and conversion projects from DIY home improvements and new build, to major renovations incorporating large scale alteration, employment of tradesmen and extension work.

Build-Zone and Self-Build Zone are trading styles of Sennocke International Insurance Services Limited. Self-BuildZone Limited is a wholly owned subsidiary of Sennocke International Insurance Services Limited who is authorised and regulated by the Financial Services Authority. Self-Build Zone Limited is a company registered in England with the company number 04693892. The registered office for Self-Build Zone Limited is Anton House, South Park, Sevenoaks, Kent TN13 1EB.

For interviews or comments, please contact our PR agency: SMPR (Simply Marcomms Limited) 0870 199 4044 Email:

Major housebuilders expected to see double-digit profits in 2012

Housebuilders’ profit margins are expected to return to double digits next year, analysts said last week, providing hopes of improved trading for domestic service suppliers.

Numis Securities analyst Chris Millington said margins are set to climb from 5-10 per cent to 20-25 per cent, figures not seen since the downturn.

Persimmon and Bovis Homes have both stressed a focus on margins in their trading updates to the Stock Exchange for the first six months of 2011.

Mike Farley, chief executive of Persimmon, the biggest housebuilder by volume, anticipates the underlying operating margin for H1 2011 will hit 9 per cent, up from 8 per cent the year before.

Barratt has also reported a return to profit thanks to its London and South-east market, it said last week.

In a trading update for the year ended 30 June, the company said it expects to deliver a profit before tax and exceptional items of £40 million, compared with a loss of £33m in 2010.

Although after the costs of a four-year £1 billion refinancing are taken into account, the company is expected to make a small loss, its chief executive Mark Clare confirmed.

Meanwhile, Bovis chief executive David Ritchie said he is also confident of delivering an operating margin of at least 7 per cent for the same period, compared with 4.2 per cent for 2010.

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