Monthly Archives: April 2015

HBF Survey Housebuilder Star Rating 2015

Barratt HBF Star rating

Highest Quality Housebuilder? Not exactly!

Before 2011, the star rating of  housebuilder’s was also based on the question: “Taking everything into account, overall how satisfied or dissatisfied are you with the quality of your home?”  over the last three years the star rating awarded to housebuilders is derived from the responses to just one Yes or No survey question:“Would you recommend your builder to a friend?”

Of the bigger housebuilders only Barratt, Redrow, McCarthy and Stone and Miller maintained their 5 star rating from last year.  Taylor Wimpey, Bellway, Bloor, Crest, and Churchill Retirement Living, all lost their five star rating. Persimmon, Bovis and Avant also lost a star and are now the only housebuilders rated just 3 stars in the latest HBF National New Home Customer Satisfaction Survey.  Just how bad are their new homes?

So why are standards getting worse and who is to blame?
Guilty Housebuilder CEOsThese men are all guilty – guilty of building and handing over new homes late, not fully completed, with defects and failing to provide the required level of customer care to ensure that all their buyer’s problems are rectified quickly and effectively. Britain’s least wanted! – Lacking in star quality?  They may have stars in their eyes but now have fewer on their site flags!

Continue reading

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Labour To Abolish Stamp Duty For First-Time Buyers


Ed Miliband ElectionEd Milband announced this week, that if Labour triumph in next weeks’ election, he will abolish stamp duty for three years to help first time buyers buying homes costing up to £300,000. At this level, the maximum saving in stamp duty land tax will be £5,000. It is being claimed that 90% of first time buyers will benefit.

But you read it here first!
On 20 March after the Conservatives announced their Help to Buy ISA in the Budget speech, I suggested it would be fairer, easier to implement and more help right now, to abolish stamp duty on all first time buyer homes up to £260,000. I also called for an end to the lucrative tax breaks enjoyed by Buy to Let landlords such as ending tax relief on mortgage interest to facilitate a flood of properties to the market, the very properties usually bought by first-timers.

Whilst welcome, and a much better and effective measure than the Conservatives’ own election bribe for first time buyers – the ill-thought out Help to Buy ISA (Bisa), it will also not make homes more affordable. When stamp duty was abolished in March 210 on homes up to £250,000, treasury analysts discovered that it actually facilitated a 0.7% increase in house prices.

In his speech in Stockton on Monday, Mr Miliband said:     “There’s nothing more British than the dream of home-ownership, starting out in a place of your own. But for so many young people today that dream is fading with more people than ever renting when they want to buy, new properties being snapped up before local people get a look-in, young families wondering if this country will ever work for them. That is the condition of Britain today, a modern housing crisis which only a Labour government will tackle.”

Continue reading

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter