Is Persimmon’s success built on solid ground? February 24, 2019 If you are a long-term Persimmon shareholder you will have done pretty well out of recent years. Starting 2012 at around £4 a pop, the stock closed last week near the £25 mark. The arrival of the government’s Help to Buy programme in 2013 may have had something to do with that meteoric rise. This [...]
Persimmon boss picked pub for first big purchase after £40m bonus November 18, 2018 Persimmon’s new boss spent almost £800,000 on a pub in his hometown as his first big personal purchase after receiving a £40m bonus this year. Dave Jenkinson became the housebuilder’s interim chief executive last week after former boss Jeff Fairburn was forced out amid a furore over his £75m bumper bonus. Jenkinson bought Shambles in Morpeth, [...]
Profits crash again as ‘frail’ McCarthy & Stone outlines plan to cut costs November 13, 2018 Profits collapsed at retirement housebuilder McCarthy & Stone today as it posted its full year results. Profit before tax fell 37 per cent year on year to £58.1m, down from £92.1m in 2017, as the housebuilder blamed a rise in building costs, rising operating costs, as well as extra marketing to promote its latest homes. [...]
Taylor Wimpey confident it can beat market uncertainty as low interest rates boost house buyers November 13, 2018 Housebuilder Taylor Wimpey today said it is on track to weather political uncertainty to deliver on guidance thanks to low interest rates and the government's Help to Buy scheme. Sales rates for the year to date were 0.81 per outlet per week in the second half of 2018, unchanged from last year, though cancellation rates were up [...]
Telford Homes boss: Negative Brexit commentary will push down house prices October 10, 2018 Shares in Telford Homes plunged more than 13 per cent in early morning trading today as it warned of falling house prices and flat activity in London’s property market over the next 12 months, with Brexit uncertainty weighing on buyer confidence in the capital. The London-based housebuilder said that recent “negative” Brexit commentary and talk of [...]
Which banks will offer the Help to Buy Isa? Barclays, Lloyds Banking Group, Nationwide, NatWest, Santander and Virgin Money July 25, 2015 Barclays, Lloyds Banking Group, Nationwide, Natwest, Santander and Virgin Money are among the banks and building societies which will offer the government's widely anticipated Help to Buy Isa. Help to Buy Isas, unveiled by chancellor George Osborne in his Spring budget, aim to give first-time buyers a much needed helping hand onto the property ladder. [...]
The help to buy Isa: How helpful is it and what does it really offer first-time buyers? April 23, 2015 Chancellor George Osborne threw would-be first-time buyers a lifeline in his Budget last month: the Help to Buy Isa has been dubbed a key part of the government’s savings revolution, offering assistance to those who want to get onto the property ladder. Due to come into force this autumn, this new Isa wrapper will mean [...]
London house prices: Havering, Croydon and Bromley are London’s Help to Buy hotspots April 22, 2015 This month is the second anniversary of the launch of Help to Buy, the scheme which allows cash-strapped house buyers to borrow 95 per cent mortgages. The scheme may be one of the government's most controversial policies, but it has also been one of its most popular. In fact, new research suggests that, as of [...]
General Election 2015: Ed Miliband promises £5bn for 125,000 new homes funded by Help to Buy ISA April 4, 2015 Ed Miliband has promised billions of pounds of funding to build 125,000 new homes over the next five years. The policy, due to be announced by the Labour party today, is based on the Help to Buy ISA revealed by Chancellor George Osborne in the latest Budget and aimed at getting first-time buyers on the [...]
Budget 2015: First-time buyer Help to Buy Isa panned by fiscal experts March 19, 2015 A prominent London think-tank has joined the chorus of criticism of the chancellor’s new policy to help aspiring first-time house buyers yesterday. The new Help to Buy Isa announced by George Osborne on Wednesday allows young savers to put a maximum of £200 a month away. The government will add 25 per cent to the [...]