UK
Ireland
Scotland
London
Construction News
20/01/2009
HBF Welcomes Government Mortgage Scheme Announcement
.gif)
The Home Builders Federation (HBF) has welcomed the announcement by the government to extend the credit guarantee scheme, something it has been demanding for a number of months.
The HBF said the key to the success of the measures will be the bank's reaction and the extent to which they take up the facility.
HBF also welcomed the commitment by the government with regard to changes in Northern Rock's lending policy, and hoped that the influence the government now has with the other major mortgage lenders will result in similar commitments.
John Stewart, Director of Economic Affairs at the HBF, said: "This is a positive move by government to address the key issue affecting the housing market, namely the lack of mortgage finance. The government must now work with lenders to ensure banks use the facility to assist beleaguered home buyers.
"Restoring sensible levels of mortgage lending is absolutely critical to any recovery, and if combined with further measures to assist first-time buyers, and steps to get new home building sites started, should make a real difference to the housing market and thus the wider economy."
(CD/JM)
The HBF said the key to the success of the measures will be the bank's reaction and the extent to which they take up the facility.
HBF also welcomed the commitment by the government with regard to changes in Northern Rock's lending policy, and hoped that the influence the government now has with the other major mortgage lenders will result in similar commitments.
-- Advertisement --
John Stewart, Director of Economic Affairs at the HBF, said: "This is a positive move by government to address the key issue affecting the housing market, namely the lack of mortgage finance. The government must now work with lenders to ensure banks use the facility to assist beleaguered home buyers.
"Restoring sensible levels of mortgage lending is absolutely critical to any recovery, and if combined with further measures to assist first-time buyers, and steps to get new home building sites started, should make a real difference to the housing market and thus the wider economy."
(CD/JM)
Latest Construction News
17/01/2025
Leeds Trinity University has officially opened its newly refurbished City Campus at 1 Trevelyan Square in Leeds.
Completed by GRAHAM Interior Fit-Out, the transformation of the central Leeds site introduces state-of-the-art facilities designed to improve learning and collaborate with industry partn
17/01/2025
Trammell Crow Company (TCC) has secured planning permission for a Grade A logistics scheme in Heywood, Greater Manchester, following a successful planning appeal.
The development will feature two state-of-the-art industrial and logistics buildings. One building will house two units measuring 4,796
17/01/2025
Poole-based developer AJC Group has celebrated a record-breaking 2024, delivering 100 affordable homes, a significant increase from the 72 units completed in the previous year.
Since 2023, AJC Group has completed and handed over 172 affordable homes across five sites.
In 2024 alone, the developer
17/01/2025
Plans for one of the most ambitious parks projects in London have taken a significant step forward, with Haringey Council securing nearly two additional acres of land around The Paddock nature reserve in Tottenham Hale.
The agreement with Thames Water marks a major milestone in the transformation o
17/01/2025
Islington Council has unveiled two draft guidance documents aimed at helping residents, businesses, and developers combat climate change by making buildings more energy efficient and fostering a greener, healthier borough.
The consultation seeks feedback on the draft Climate Action Supplementary Pl
17/01/2025
The City of Wolverhampton Council has unveiled a £98 million investment plan over the next five years to develop around 500 new homes across the city.
The proposal, part of the Housing Revenue Account (HRA) Business Plan, received Cabinet approval this week and now moves to Full Council for final
17/01/2025
Croydon Council has announced a significant milestone in the redevelopment of the Purley Pool site, with revised proposals submitted for a new leisure centre, later living housing, and the regeneration of the surrounding area.
A planning application for the site was initially submitted in 2024, pro
17/01/2025
The City of Wolverhampton Council has announced that demolition work has commenced on the New Park Village estate, marking the start of a major £40 million redevelopment project to transform outdated council housing.
Contractor DSM Demolition has begun pulling down poor-quality bungalows on Valley
17/01/2025
Hillingdon Council has acquired 12 new homes at Carpenters Court in Uxbridge.
Leader of Hillingdon Council, Cllr Ian Edwards and Cllr Steve Tuckwell, Cabinet Member for Planning, Housing and Growth, visited the site to officially mark the handover of the properties from local developer Kearns Devel
17/01/2025
Organisers of UK Construction Week (UKCW) have announced another major coup for the show's 10th anniversary year, with the news that UKCW London will be co-locating with the 14th edition of The Stone Show & Hard Surfaces, the principal industry event for surface design.
Established 26 years ago, th
