"Savings From VAT Cuts Could Help Modernise Properties says Ratedpeople.com

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Proposed VAT cuts on home improvement materials may incentivise owners of older homes to modernise their properties according to Ratedpeople.com, the UK's smarter way to find tradesmen.

The issue of modernisation is a long standing problem that requires the investment of the new government and the construction industry. But with a significant number of the population stating they would like to carry out property improvements this year, any means of financial saving which allows home owners to spend less will surely be beneficial.

Proposed VAT cuts on home improvement materials may incentivise owners of older homes to modernise their properties according to Ratedpeople.com, the UK's smarter way to find tradesmen.

With almost half of respondents to a recent You Gov survey revealing nearly 48 per cent of home owners intend to invest in their property this year, it is in the government's interest to make the VAT reduction, which could stimulate spending on maintenance and contribute over £1.4 billion to the economy in 2010, rising to £17 billion by 2019.

For millions of UK homeowners however, the reduction in VAT would also help to reduce numbers from cowboy tradesmen by supporting those who pay their tax. In addition to this savings from a VAT cut could also help to bring empty properties back into use, which to some extent would ease the housing shortage.

Andrew Skipwith, founder and CEO of Ratedpeople.com said, "The issue of modernisation is a long standing problem that requires the investment of the new government and the construction industry. But with a significant number of the population stating they would like to carry out property improvements this year, any means of financial saving which allows home owners to spend less will surely be beneficial."

"It can be quite easy to modernise your home. Whether you update the bathroom or kitchen or even add a conservatory. For those home owners who are not into DIY, we would advise they recruit the help of a professional tradesman, who comes with a recommendation and past experience."

Ratedpeople.com helps home improvers find recommended tradesmen quickly and easily. You can choose from 24 different trades and find tradesmen such as loft conversion specialists, local roofers and local electricians.

Every month, Ratedpeople.com manages over £30m in home improvement projects and more than 1,000 tradesmen sign up, making it the UK's largest matching service for home improvers and recommended tradesmen. There are more than 55,000 ratings on Ratedpeople.com to date and its system ensures that tradesmen are only rated by previous customers who find them through the site. This results in one of the fairest and most robust rating systems on the web.

For further information on how to source a recommended tradesman in your area, visit Ratedpeople.com
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Notes to Editors

With over £360 million in project value managed each year and 1000 new tradesmen added each month, Ratedpeople.com is the UK's largest match making service for home improvers and recommended tradesmen.

Ratedpeople.com offers a nationwide network of tens of thousands of rated tradesmen, spanning over 25 trades, the site's rating system comprises more than 55,000 unbiased ratings to date and ensures that tradesmen are only rated by actual customers.

The business, which is fully independent and privately owned, was founded in 2005 by CEO Andrew Skipwith and employs 27 from its base in central London.

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Pete Goold
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