UK Mortgages. Rates, Remortgages, Getting a Mortgage.
25 January 2008 12:24 Article from mortgagesorter.co.uk An exhibition centre for renovation solutions has advised that, with new housing targets unlikely to be met, homeowners should improve their current homes rather than moving. The government detailed proposals back in November for combating the affordability faced by many homebuyers by building new, eco-friendly homes, while relaxing planning controls to make it easier to purchase land for property construction. According to Pete Doherty, MD of the National Self Build & Renovation Centre, this was a highly encouraging intervention on the government’s part, offering the construction industry defined annual targets and new goals on carbon neutrality. Yet he warned that with property construction already behind target, the likelihood of enough affordable houses being built in the next few years is decreasing and that people may be better off taking action themselves and renovating or building their own home. Mr Doherty claimed that this option was even more attractive in light of falling house prices and the credit crunch, whereas there is now more land available for self-builders, while planning reform has made it easier to renovate and extend existing homes.
Renovation offering way around housing problems?
If you were thinking of moving but can’t afford it, heres some alternative suggestions . Instead think about renovation and bringing your house up top carbon emission standards.
Tags: mortgage, house, renovation