About HZA

Shiraz Khan is the author of the content. Shiraz is the managing director and founder of Hank Zarihs Associates. With over 16 years' of experience we are master brokers within the short term financing industry. We specialise in a wide variety of short term loans.

£690m brownfield development in Northwest London to deliver 1,500 homes

£690m brownfield development in Northwest London to deliver 1,500 homes Harrow council’s ambitious plans for over 1,500 homes to be built on three underused sites moved a step closer with the news of a joint development venture with Wates Residential. At least 40 per cent of the new homes are to be shared ownership or affordable housing and will be built on council-owned land in Wealdstone. Harrow council leader Cllr Graham Henson said: “Our work with Wates will benefit countless [...]

Keep masks on while working on site, urges industry body

Building firms are being urged to carry on asking their workforce to wear masks while working in enclosed spaces or on busy sites by the Construction Leadership Council, CLC. The CLC is calling for a consistent approach in line with government guidance as rules on social distancing and face masks relax from the 19th of July. “It is recommended the good practices the industry had adopted over the last 18 months are retained,” said the CLC in their public statement [...]

Birmingham maximises 2022 Commonwealth Games with major regen plans

Birmingham is to make the most of the £700m investment in Perry Barry for the 2022 games, which includes a revamp of Alexander stadium, with ambitious plans to regenerate the district. The masterplan covers the next two decades and includes building 5,000 new homes, enhancing the suburb’s parks and improving transport connections. City council leader Cllr Ian Ward said: “For many years there has been a clear need and ambition to unlock the obvious untapped potential of Perry Barr, but [...]

London transport’s new property company could deliver 2,000 homes a year

Up to 46,000 new homes in the capital could be delivered by Transport for London’s new property development company over the next 25 years. The proposals for Transport Trading Limited Properties, TTLP, were outlined at TfL’s finance committee meeting last month and form part of its bailout settlement with the government. TfL director of commercial property Graeme Craig said: “As part of our long-term strategy, and building on the successful work that has already taken place in recent years, we [...]

Materials shortages crisis can be managed, urges construction chief

UK property developers may have to adjust schedules and pricing to adapt to the lack of supplies to complete projects, advises Construction Leadership Council, CLC, co-chair Andy Mitchell. In an open letter to the industry, he points out that most contracts such as JCT and NEC 4 Secondary X1 have provisions to deal with fluctuations of provisions. “We have been fortunate enough to operate in a stable environment for a long time and these clauses have been seldom used. “However, [...]

What does Let agreed mean?

With the huge increase in demand for Private Rental Sector (PRS) houses in the past year or so, more houses than ever are coming to the market for rent, however, even this new level of supply is not meeting demand, and so this also means that many properties are coming back off the market just as quick as they entered it. You'll have heard the term 'generation rent' before, and it means that more and more people every year can't [...]

By |2021-11-10T18:04:06+00:00June 8, 2021|Blog|0 Comments

New builds to offer big markdowns for first-time buyers

Developers will soon be expected to offer discounts of between 30 to 50 per cent on some of the new build homes they build for local first-time buyers on modest incomes. Housing minister Christopher Pincher has said at least a quarter of developers’ contributions to affordable housing should include these types of discounted homes. “Ensuring access to homeownership remains a key priority and challenge for this government. However, rising prices, high deposits and difficulty accessing mortgage finance still mean that [...]

Developing public land set to get easier for SMEs

Smaller housebuilders are to be given a better chance of bidding to develop public land following a major overhaul of the system. Housing accelerator Homes England is making the process more flexible and simplifying access so smaller developers and new entrants can participate. Homes England chief land and development officer Stephen Kinsella said: “This new digital system marks a huge step forward, making it much easier for developers to bid for our land. I’d encourage our current partners, as well [...]

Mezzanine Finance – What is it and how does it work

  Essentially mezzanine finance is a type of loan or finance for experienced property investors, that works differently and is a more complex way to fund property investment. It's usually used to fund a building or property project, and sits in between the top, or senior, priority debts, and a second charge on the asset. That means that a client may have gotten funding from an initial lender for a set amount that cannot be extended or increased, and secure [...]

By |2021-11-10T18:04:58+00:00May 6, 2021|Blog|0 Comments

Commercial mortgages advantages and disadvantages

  As the UK property market has been recovering from the pandemic in 2020, that has meant that many more investors and property developers are now starting to look at commercial property again. Due to the nature of the economic shut down, it meant that many businesses needed to re-think what they used their physical space for. Commercial space for offices and other businesses where people were able to work from home have now fundamentally changed, whilst internet based businesses, [...]

By |2021-11-10T18:05:35+00:00May 6, 2021|Blog|0 Comments

Converting HMO to residential – Everything You Might Need To Know

  Larger HMO properties can be ideal candidates for a number of uses, mainly conversion back into a larger residential property. They can also be converted into flats or other types of property that you can rent out, whilst removing the actual multiple occupation definition. Whilst these types of properties can be lucrative and profitable to invest in and rent out to tenants, they can also be quite complicated and hard work to manage, hence why many of our clients [...]

By |2021-11-10T18:06:15+00:00April 30, 2021|Blog|0 Comments

HMO Mortgages for first time landlords

The number of new landlords entering the UK property recently has sky rocketed thanks to a number of contributing factors. Certainly, if you've been reading the papers recently, and more specifically the finance pages, you'll have seen yourself the level of coverage given to the success of UK property recently. Demand has been rising for some time now, however, following the pandemic the drive for younger renters to move into bigger space, or just their own space, has exploded in [...]

By |2022-04-26T14:56:15+00:00April 23, 2021|Blog|0 Comments