Tag: Barratt Developments

Barratt homebuying scheme allows parents to borrow on behalf of kids

Barratt homebuying scheme allows parents to borrow on behalf of kids

Barratt Developments has announced a tie-up with Hitachi Capital (UK) that will allow parents to borrow money to help their children onto the property ladder. The developer claims the scheme is unique in the market, having been specifically designed to address current mortgage restrictions on loan-to-value ratios. Barratt sold 4,832 homes during the second half [...]

January 13, 2011 | 0 Comments More
Barratt completions take a tumble

Barratt completions take a tumble

Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period. Furthermore, over the 10 weeks since the group’s financial year end, net private reservations averaged 0.48 per active site per week, down from 0.51 in the same period of 2009. Cancellation rates remained [...]

September 9, 2010 | 0 Comments More
Mortgage constraints & economic uncertainty bedevil new housing market

Mortgage constraints & economic uncertainty bedevil new housing market

Barratt Developments completed 11,377 homes in the year to the end of June, down from 13,277 in the previous 12 month period. Private completions fell to 9,455, compared with 11,133 in 2008/09; social housing completions stood at 1,870 as against 2,069 and joint ventures were down from 75 to 52. However, the developer’s cancellation rate [...]

July 15, 2010 | 0 Comments More
Barratt reports 4% rise in selling prices

Barratt reports 4% rise in selling prices

A leading UK house builder has announced that its selling prices have risen by 4% to an average £167,000. The trading update from Barratt Developments also revealed that net private reservations increased 8.9% over the past six months. The group’s forward sales surged 43% to £651.2 million, while first-half completions were in-line with expectations, at [...]

January 15, 2010 | 0 Comments More
Barratt shelves apartments as lenders prefer houses

Barratt shelves apartments as lenders prefer houses

Barratt Developments is to focus on building houses rather than apartments, in response to lenders’ preferences. The group’s chief executive, Mark Clare, says the company will build what it knows it can sell and in the case of apartments, lenders are making life difficult for mortgage borrowers by asking for deposits of 25%. The oversupply [...]

November 19, 2009 | 0 Comments More