Landlord insurance: Increased house building is vital

Landlord insurance: Increased house building is vital ; Landlord insurance policyholders have been told that new house building is "vitally important" for the British economy. Steven Turner, head of communications of the Home Builders Federation (HBF), said that the house building industry is one of the UK's major employers.

He explained that the rationale for improving the planning system and mortgage availability involves "economic reasons as well as social reasons".

"We have got to see more mortgages – especially for first-time buyers – and we have got to see a functional planning system. If those two are addressed then we will see more homes delivered because we know there is a huge demand," Mr Turner said.

The industry expert added that there is a significant shortfall of private housing starts, despite increasing pressure on existing stocks.

Construction firm Bellway has recently issued a positive trading update, saying that its profits in the six months to the end of January 2011 could rise by as much as 20 per cent.http://www.stride.co.uk/insurance-news-and-articles/latest-insurance-news/landlord-insurance-increased-house-building-is-vital/800281623/ For the latest updates PRESS CTR + D or visit Stock Market news Today

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