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:

selfbuildzone.com – 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: info@simplymarcomms.co.uk

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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Grant Shapps joins forces with industry to take self build to the masses

Grant Shapps has today welcomed a new action plan for the self build industry that he says could be the turning point that takes it to the masses.

Meeting with the National Self Build Association (NaSBA) – the representatives of the self-build industry – Mr Shapps said that for too long obstacles have led to the UK having one of the lowest proportions of new homes built by self-builders in Europe, and that he wanted to see the self build industry become a mainstream housing option.

Earlier this year, Mr Shapps asked NaSBA and other industry experts to work with his officials to prepare an action plan to boost the number of self-builders across the country, and address the common barriers aspiring self-builders face.

Today they presented him with their findings on tackling the main challenges holding the self-build industry back: the availability of land and finance, lack of support from industry for new self builders and the impact of regulation.

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Build Zone welcomes launch of ‘Action Plan to promote the growth of self build housing’

An industry briefing of the long-awaited proposals that aim to boost the number of self-builds that take place in the UK took place on Tuesday 12th July. The resulting report, An Action Plan to Promote the Growth of Self-build Housing will be formally launched next week and is the result of six months work from the Self Build Government Industry Working Group, involving Build Zone Director, Simon Middleton.

Working with the Government, the National Self Build Association (NaSBA), published an action plan to promote the growth of self build in the UK. This was the culmination of more than six months work, involving over 100 experts in the self build sector. The report calls for action on four fronts and lists proposals that should to make more land available for self builders and more finance/mortgages; it should also result in less regulation and red tape and better independent advice to encourage more people to build their own homes.

Grant Shapps said at the briefing ““This is an enormously important moment in the housing history of this country,”

He went on to say:

“Self-build isn’t happening anywhere near its potential in the UK, and these proposals go a significant way to helping achieve my aspiration of doubling the number of homes self-built each year.”

I don’t want this to be a one-off process, rather the start of a revolution. The age of self-build has come,” he said.

The proposals in the plan will now be considered by Government and an implementation group will be established to monitor the progress. It is understood that the aim is to see everything in place by spring 2012. We will keep you updated as things progress.

For more information from Build Zone about Structural Warranties, 10 Year Structural Warranties, contact the Build-Zone team on (0)845 230 9873 or email sales@build-zone.com

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CML issues advice to friends taking out first-time buyers mortgages

Groups of friends who are looking at taking out their first mortgage together have been reminded of the implications of such a move.

According to Sue Anderson, an official at the Council of Mortgage Lenders (CML), each individual is responsible for ensuring mortgage repayments are delivered on time, the Daily Mail reports.

Therefore, every person who has taken out one of these mortgages for first-time buyers must fulfil their personal responsibilities.

“If one stops paying, the others have to cover the difference or face losing their home,” she commented.

Ms Anderson added that relatively few first-time buyers mortgages are taken out by groups of friends, which usually means three or more people.

Indeed, she said this type of buyer has never accounted for more than one per cent of the mortgage market.

This comes after Grant Shapps, the housing minister, highlighted this option as one he would “like to see explored”, as products for friends who are “perfectly capable” of meeting monthly mortgage payments but are “struggling” to pay for a deposit without help should be easier to access.

First time buyers have a lot to research, not least, the best deals amongst mortgages for first time buyers.

Source: First Rung Now

For more information from Build Zone about Structural Warranties, 10 Year Structural Warranties, contact the Build-Zone team on (0)845 230 9873 or email sales@build-zone.com

Subscribe to the RSS of the Structural Warranty blog or Subscribe by Email