Tag Archives: health
New home registrations up 7% year on year in UK
The number of new homes registered to be built in the UK increased by 7% year on year in 2015, reaching an eight year high of over 156,000, new data shows. The figures from the National House Building Council (NHBC) show that 75% more new homes were registered in 2015 than at the time of the housing crash in 2009 and there were 156,140 registration compared to 146,359 in 2014. Private sector registrations increased by 7% to 118,611 in 2015 compared to 110,674 in 2014 while public sector registration increased by 5% to 37,529 from 35,685 in 2014. Continuing the trend from 2014, the number of detached homes registered reached 42,173, the highest for over a decade. Additionally, the number of semi-detached homes registered in 2015 at 35,423 was the highest in more than 20 years. NHBC's latest data also revealed that the majority of UK regions experienced notable growth on 2014 levels, with the Eastern region up 23%, the North West up 16% and Scotland up by 15%. In the East Midlands growth was 12%, the South West up 9% and West Midlands also up 9%. While Northern Ireland saw the biggest increase at 30%, the NHBC pointed out that this was from a relatively low base. London is still leading the way in the number of new home registrations. Although the 2015 figure of 25,994 registrations is down 9% on the record 2014 total of 28,518, although 2015 saw the third highest number of registrations on record. Yorkshire and the Humber was down 13% on 2014 and Wales down 2% on 2014. As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics are the lead indicator of the health of the country's new homes market. ‘2015 was a year for continued housing growth in the UK. Both the public and private sectors have performed well and we have seen encouraging levels of house building across most regions of the country,’ said NHBC chief executive Mike Quinton. ‘The detached home continues its resurgence, with our figures showing that house builders are building the highest number of detached properties for over a decade, with semi-detached homes also at their highest level in more than 20 years,’ he pointed out. ‘There is still a way to go before we are building the levels of new homes that were seen before the economic downturn, but 2015 represents consolidation on the growth seen over the last three years,’ he added. However, it would seem that this is not translating into work for smaller builders. According to the Federation of Master Builders’ (FMB) workloads for small builders across the country took a downward turn towards the end of 2015. ‘The building industry remains confident of continued growth but the slowdown we saw in the last quarter is a cause for concern,’ said Brian Berry, chief executive of the FMB,, who added that despite the growth in registrations both current and expected construction workloads are… Continue reading
UK landlords advised not to be swayed by misinterpretation of legionella testing
Some consultants and letting agents in the UK are misinterpreting landlord’s responsibilities regarding legionella risks to their tenants, it is claimed. According to the Health and Safety Executive (HSE) they are using the revised L8 ACOP to suggest that new legislation has been imposed on landlords of domestic rented properties in relation to assessing and controlling the risks of exposure to Legionella bacteria of their tenants. ‘This is wrong, the legislation has not been changed and any misinterpretation or misunderstanding can impose unnecessary financial burdens on landlords where they are being charged for legionella testing and certificates they don’t actually need,’ said a HSE spokesman. He pointed out that whilst there is a legal duty for landlords to assess and control the risk of exposure to legionella bacteria, Health and Safety law does not require landlords to produce a Legionnaires testing certificate. ‘Legionella testing or sampling is generally not required in domestic hot and cold water systems and then only in exceptional circumstances,’ the spokesman pointed out. ‘Misinterpretation of the legal requirements by some consultants and letting agents about landlords responsibilities to manage and control legionella in domestic premises may result in unnecessary financial burdens being placed on landlords and tenants,’ he added. The HSE has produced free practical guidance for landlords available to on its website on how to manage and control the risks in your system. The spokesman said that following the guidance is not compulsory and landlords are free to take other action, but if they do follow the guidance they will normally be doing enough to comply with the law. The guidance says that simple control measures can help control the risk of exposure to legionella such as flushing out the system prior to letting the property and avoiding debris getting into the system by making sure that cold water tanks, where fitted, have a tight fitting lid. It also says that tenants should be advised of any control measures put in place that should be maintained, for example not to adjust the temperature setting of the calorifier, to regularly clean showerheads and to inform the landlord if the hot water is not heating properly or there are any other problems with the system so that appropriate action can be taken. When it comes to showers in most domestic settings the risks are reduced by regular use but in any case, tenants should be advised to regularly clean and disinfect showerheads. Instant electric showers pose less of a risk as they are generally cold water fed and heat only small volumes of water during operation. The guidance points out that it is important that water is not allowed to stagnate within the water system and so there should be careful management of dwellings that are vacant for extended periods such as student accommodation left empty over the summer. As a general principle, outlets on hot and cold water systems should be used at least once a week to maintain a… Continue reading
Bank voices concern about higher mortgages and potential effect on UK economy
The Bank of England is concerned that home buyers are taking on bigger mortgages because house prices are rising too fast in the UK, but it is first time buyers who are not offered enough, experts warn. The Bank says that with prices rising faster than mortgages there could be rising debt levels and the economy could be at risk if interest rates rise and home owners struggle to keep up with their mortgage payments. The Bank's deputy governor, Sir Jon Cunliffe, said he is prepared to step in if the debt mountain gets out of hand in the bank’s latest financial stability report. 'Our concern is not so much about house prices, it is the chain between high house prices, prices growing faster than people's incomes, and people having to take out bigger and bigger mortgages and the debt that families then have relative to their income growth,’ he explained. Bank took action a year ago amid similar concerns and put a debt to income limit on mortgage lending. While the market cooled in the second half of the year it is now rising again on a steady basis. ‘Prices stopped growing as fast as they have been, mortgage approvals came down. There are now signs the market is coming back up again. We are not seeing the sort of growth in momentum we saw this time last year, but given the high level of debt to income we have in the UK anyway, and the ability of this market to move very fast, this is something we need to watch and that's why we have left that insurance policy in place,’ Cunliffe added. But his comments come at a time when mortgage lending is still low compared with historical averages and experts have voiced concerns about certain sectors in particular are seeing fewer loans available, for example first time buyers who are crucial to the health of the housing market. Indeed, a new analysis in the latest edition of the Genworth/Moneyfacts mortgage tracker report says that new product launches and falling interest rates are masking a growing crisis in high loan to value (LTV) mortgage lending. Despite more products being offered at record low prices, Genworth’s analysis of government and industry data suggests this part of the mortgage market is rapidly falling back into decline. It reveals that with total 95% LTV lending down by £147 million year on year in the first quarter of 2015, average lending per product has dropped by 38% over the same period. This has contributed to a 10% fall in first time buyer numbers which means that 10,400 fewer people have succeeded in buying their first home so far in 2015 than was the case last year. It also points out that new products come with extra price premium despite rates hitting record lows. The Tracker shows the number of products available to house buyers with a 5% deposit hit a… Continue reading
