With fossil fuel supplies dwindling and sustainable energy in its infancy, our wasteful ways have become not just a political football, but a global emergency. Awareness of the issue has reached new heights over the last decade, but a cavalier attitude to energy and energy-saving still persists. Each time a light is left on, a window left open and an unnecessary boilwash done we sap the national grid of its precious power for no reason other than carelessness. There are a few very simple ways in which we can make our homes more energy-efficient, less expensive to run and still maintain the all mod con lifestyle to which we’re so accustomed.
Lighting is probably the most consistent drain on your energy supply, and it’s easy to forget how much you rely on it, especially during the dark days of winter. Energy-saving lightbulbs may be slightly more expensive to buy, but…
Home information packs (Hips) are set to face further changes in the new year.
Once considered the bête noir of the property market, and already stalled and cut back sizably before their launch last year, the collapse of the property market has put them on the back burner as an issue.
The government is now increasing what is to be included in packs and how quickly they must be provided.
A new Property Information Questionnaire (PIQ) will be included with flood risk information, gas and electricity safety, service charges, structural damage, and parking arrangements.
From April 6th 2009, Hips must also be provided on the first day of marketing a home – and not after 28 days as current regulations stand.
The government claims the changes will place no further burden on estate agents and the packs have not caused a slowdown in the housing market.
Margaret Beckett, housing minister,…
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Mortgage approvals fell to a nine-year low in November, according to new statistics from the Bank of England, and lending is expected to fall further in the coming months.
There 27,000 house purchase mortgage approvals recorded.
A total of 42,000 remortgages were approved in November – substantially down on the 72,000 recorded in October.
Lending to consumers and businesses is also not expected to improve in 2009.
The Bank of England’s Credit Conditions Survey shows lenders expect a further decline in the availability of mortgage lending – with banks over the last three months lowering loan-to-value (LTV) rates on mortgages tightening credit scoring criteria.
This fall in lending is being put down to expectations of further house price falls and concerns about the economy.
As supply of mortgages drops, demand remains stable, the survey of lenders reveals, meaning borrowers are now left in the situation where they must really seek…