Homes 'more affordable' than in 2007
Homeowners who have invested in a conservatory or kitchen extension in order to make their property more appealing to prospective buyers may find there is greater interest after the Halifax suggested houses are now more affordable than in 2007.
The building society's Affordability Review tracks how easy it is to obtain finance and looks at other variables, such as house prices, before deciding how difficult it is for homebuyers to be successful.
It suggests it is now easier than in mid-2007 to buy a property - mainly as a result of a fall in the proportion of disposable earnings devoted to mortgage payments.
The first quarter of 2009 saw the proportion drop below the average of 37 per cent to 31 per cent - a fall from the high of 48 per cent in 2007's quarter three.
"There has been a marked improvement in housing affordability across the UK over the past 18 months," explained Halifax housing economist Martin Ellis.
He added the mortgage payment reduction was mainly down to a decline in house prices and the cut in interest rates.
The Department for Energy and Climate Change recently asserted the majority of UK homeowners are in favour of government plans to help make the country's residential properties more eco-friendly.
Homeowners 'back' energy saving measures
20 April 2009
The majority of homeowners back government plans to cut carbon emissions through residential energy saving measures, according to the Department for Energy and Climate Change.Chancellor Darling is soon to reveal the caps for the country's...
London property market 'close to bottoming out'
17 April 2009
Homeowners in London considering building a conservatory to add value to their property in order to sell it when the market recovers may not have long to wait, it has been suggested.London Central Portfolio Limited has suggested the...
Three generations squeezed into half a million homes
17 April 2009
More than half a million British households are squeezing in at least three generations of the same family, according to new figures.The statistics, from Lloyds TSB, show a 7.6 per cent rise since 2005 - which could see some need to...
Brochure
Would you like some more information on our conservatories? Order a copy of our brochure online today or call
Gallery
View either our residential gallery or our commercial gallery or view a number of our conservatory case studies.
