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Lakesmere has reported a massive rise in profits between the six months to January 2008 and June this year.
The six months to June 30 this year have given Bovis one of the worst six months on record, as its pre-tax profits record more than an 80 per cent drop.
The government's insistence on implementing Home Information Packs (HIPs) has hurt the housing industry and should be altered to invigorate the housing market, it has been argued.
Banks will be asking potential buyers of new and newly renovated properties what incentives they were offered by the housebuilders, in an attempt to understand more and more about their mortgage customers, it has been reported.
The housing correction has until now been seen as a disaster for all concerned but, with banks refusing to ease up their lending criteria owners are now finding ways to earn from the lack of buyers.