Builders calls for LAs to speed up signing-off of planning conditions

Bridging Loan News:- Builders about to go on-site or finish up projects are facing delays as many councils are failing to sign-off planning conditions within the statutory period. The National Federation of Builders, NFB, head of housing and planning policy Rico Wojtulewicz said: “This is causing industry real problems as it means current projects are unable to start, or complete. “We are raising this with the government, who need to work with the industry and local planning authorities to solve [...]

By |2021-11-13T09:17:05+00:00June 24, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Scotland extends help-to-buy as housebuilding starts again

Property Development News:- More than 2,000 Scottish households will be able to buy new-build homes with the extension of the help-to-buy scheme to March 2022, claims the government. Scottish housing minister Kevin Stewart has pledged £55m for 2021-22, in a bid to help housebuilders recover business over the coming year. The news coincides with first minister Nicola Sturgeon´s announcement yesterday of a soft start to re-opening housebuilding sites on Monday, June 15. Mr Stewart said: “A strong and growing house-building [...]

By |2021-11-13T09:17:57+00:00June 12, 2020|Blog, Finance News, Planning News, Projects|1 Comment

Push back date for reverse charge VAT, builders urge

A further one-year delay for the introduction of the controversial tax is being called for by the sector who have written to the chancellor Rishi Sunak calling for a reprieve. Reverse charge VAT was to have gone live in October last year but was pushed back to October 2020 following concerted industry lobbying.The new system means no-one in the supply chain can invoice for VAT and pass the money on later to HMRC every quarter. Only businesses contracted with an [...]

By |2021-11-13T09:19:45+00:00June 1, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Government-backed loan scheme extended to all SMEs

Bridging Finance News:- All viable SME businesses will now be eligible for the coronavirus business interruption loan scheme, the chancellor Rishi Sunak has announced. The government is also going to stop banks from asking for personal guarantees from directors for loans under £250,000. Loans over this sum will need personal guarantees of 20 per cent of the amount after recovery of other business assets. Mr Sunak said: “We are making great progress on getting much-needed support out to businesses to [...]

By |2021-11-13T09:24:56+00:00April 3, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Construction industry wins business secretary praise

Development Funding News:- Business secretary, Alok Sharma, has thanked the construction industry for rising to the challenge of ensuring people have safe and healthy homes and helping the NHS. Mr Sharma wrote an open letter yesterday, March 31, praising the sector for supporting the country and the economy in its time of need. “The construction industry has answered the call to action. Whether by building temporary hospital wards, installing complex and life-saving oxygen systems, constructing the infrastructure that society needs [...]

By |2021-11-13T09:25:04+00:00April 1, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Construction industry presses for clear message about building sites

Bridging Loans News:-Clarity over which construction sites should stay open and which must close is essential, the industry has urged. Construction Industry Council, CIC, chief executive, Graham Watts, said work to make good unsafe buildings or dangerous structures should continue. “In the absence of firm advice, some construction companies are taking matters into their own hands and closing for the foreseeable future or until there is more clarity. It is currently a matter of mess and muddle,” said Mr Watts. Taylor [...]

By |2021-11-13T09:25:18+00:00March 27, 2020|Blog, Finance News, Planning News, Projects|0 Comments

First-time buyers’ 30 pc discount set to kick start building

Property Loans News:- Young people priced out of buying in their hometown, key workers and veterans could get up to a third off the price of their first home, said housing secretary, Robert Jenrick, today. House builders support the move and believe it’s an improvement on the ineffective starter home initiative launched by the former prime minister, David Cameron, and his chancellor, George Osborne. Home Builders Federation communications director, Steve Turner, said: “It will help another part of the market [...]

By |2021-11-13T11:01:18+00:00February 7, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Battersea estates in South London set to get new homes in major makeover

Bridging Loans London News:- Ambitious plans to build 2,550 new homes and transform two 1960s and 1970s housing estates, opposite Clapham Junction station, have been approved by Wandsworth council. The £1.4bn joint venture between the council and Taylor Wimpey includes a 2.49-hectare public park, leisure and community centre, library, children’s centre and nursery. https://www.youtube.com/watch?v=lYJjPXGYWvo Wandsworth council leader, Cllr Ravi Govindia, said the detailed plans included the views of residents and the local community through extensive consultation of 7,000 households. “The [...]

By |2021-11-13T11:01:34+00:00February 3, 2020|Blog, Finance News, Planning News, Projects|1 Comment

Scottish home builders push for longer term funding security

Construction Loans News:- Housebuilders north of the border are urging the government to extend help-to-buy to 2023 in line with England. The scheme finishes in Scotland at the end of March 2021, shortly before Scottish parliament elections in May, which Homes for Scotland, HfS, argues is too soon. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s The home builders’ trade body fears without clarity over future funding there’s a risk the larger homebuilders will prioritise markets south of the border. HfS policy director, Fiona Kell, said: “We [...]

By |2021-11-13T11:02:26+00:00December 18, 2019|Blog, Finance News, Planning News, Projects|0 Comments

New building site visitor card to be rolled out

Development Finance News:- A new building site visitor card could pave the way for a suite of competence smart cards to help raise standards in the industry. The Home Builders Federation members have trialled the new card which was launched this week. It’s aimed at people offering support services such as catering, site cleaning, sales or human resources. Applicants need to have passed the Construction Industry Training Board health and safety and environment test. HBF external affairs director, John Slaughter, [...]

By |2021-11-13T11:02:39+00:00December 12, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Garden town of 10,000 new homes planned for Gatwick area

Construction Finance News:- A rural spot in West Sussex is set to expand exponentially within the next few years to ease the acute housing shortages in Crawley and Horsham. The government's housing accelerator, Homes England, is to start consultation on November 1st on an ambitious scheme to develop land west of Ifield village which currently has 9,000 inhabitants. https://www.youtube.com/watch?v=KZ_ylUh-2Zc&t=3s More than a third of the planned homes, 35 per cent, will be affordable with three linked neighbourhoods making up a [...]

By |2021-11-13T10:56:43+00:00October 31, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Planning for WALLYFORD AREA 7 – Project is going on

Construction Finance News:- The project WALLYFORD AREA 7 – 72 HOUSES & 80 FLATS is being planned to be constructed at Area 7, Land South Faside Terrace, Wallyford, Musselburgh, and Lothian, EH21 8AN. The council of East Lothian will be overseeing the construction for this particular project. The total site area of this project equals to 2.98 Ha. There will be a total of 152 units that are going to be provided. There will be 2 storeys built in total. [...]

By |2021-11-13T10:49:05+00:00July 19, 2019|Blog, Finance News, Planning News, Projects|0 Comments