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Wednesday 16th of June 2010

News Tag: Bovis

June 10, 2010

Bovis partners Barclays to offer first-time buyer mortgage

by Gill Montia
”Bovis
Housebuilder Bovis has joined forces with Barclays to offer a mortgage aimed at first-time buyers, through the bank's Woolwich lending arm. However, the 90% loan-to-value (LTV) deal, which comes with unemployment protection for three years from exchange of contracts, is only available to those purchasing a Bovis home. For the maximum 90% LTV, the rate is fixed at 4.99% for ...



November 19, 2009

Bovis reservations 83% up on the year

by Gill Montia
”Bovis
Bovis Homes achieved 1,488 private reservations in the year to 13th November 2009, an 83% rise on the comparative figure for the same period in 2008. The group also says it anticipates legally completing around 1,800 sales in 2009, of which 1,500 are expected to be private homes (compared with 1,223 a year earlier) and around 300 social homes (compared ...



May 11, 2009

Bovis reports 71% rise in reservations

by Gill Montia
Bovis reports 71% rise in reservations
In a trading update, Bovis Homes reported that in the 17 weeks to 1st May the group secured 638 reservations for private house sales, compared with 373 in the same period of 2008. Despite the 71% increase, trading remains around 25% lower than during the comparable period of 2007. The housebuilder also says it has successfully reduced its unsold finished stock level from ...



January 9, 2009

Persimmon and Bovis feel the pain as sales plummet

by Gill Montia
Persimmon and Bovis feel the pain as sales plummet
Housebuilder Persimmon has reported that it completed the sale of 10,202 units in 2008, down from 15,905 in 2007. The developer described the short-term outlook for the UK housing market as challenging and expects to record a 42% fall in revenues in 2008, compared with the previous year. Last year, the average selling price of a Persimmon home fell just ...



November 7, 2008

Bovis and Redrow epitomise housebuilders’ woes

by Gill Montia
Bovis and Redrow epitomise housebuilders' woes
Housebuilder, Bovis, has announced that it expects to complete 1,800 homes during 2008, compared with 2,930 last year. The group's stock of unsold homes stands at over 900, despite price reductions and an incentive scheme aimed at attracting buyers. The slowdown in the private housing market is forcing the builder to focus more on the less profitable social housing sector and to ...



July 9, 2008

Housebuilders’ woes increase as sales plummet

by Gill Montia
Housebuilders' woes increase as sales plummet
Yesterday's announcement that housebuilder Persimmon has cut around 2,000 jobs since the start of the year has been followed by further gloomy news from Bovis Homes and Redrow, which are also reducing staff numbers. The firms expect to cut 400 and 550 jobs respectively, blaming the losses on the credit crisis and high mortgage costs. According to Bovis, the market for selling homes ...