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Licensing would remove rogue builders and raise the safety bar, says FMB

Bridging Loans News:-A licensing system for all construction companies would strengthen the government's plans to improve new homes' safety, claims the Federation of Master Builders, FMB. The trade body's comments follow the government's announcement in the Queen's speech for a new building safety regulator. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s The legislation aims to prevent another Grenfell Tower tragedy with a change to the regulation of high-rise residential buildings. FMB chief executive, Brian Berry, said new laws forcing compliance with building safety standards was an [...]

By |2021-11-13T10:57:53+00:00October 15, 2019|Blog, Finance News, News, Planning News, Projects|0 Comments
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European workers in UK should be given right to remain, urge SMEs

The Federation of Small Businesses, FSB, is calling on clarity over the future status of European Union citizens currently working in the UK post-Brexit. It said one in five small employers rely on staff from the EU with many employees falling outside the traditional definition of 'highly skilled'. https://www.youtube.com/watch?v=vK9_6vD5tuA FSB chairman, Mike Cherry, said: "The government should be leaving EU citizens in no doubt about their right to remain after Brexit. Uncertainty has been rife in this area, with small [...]

By |2021-11-13T10:58:00+00:00October 14, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Loans of up to £20m for building schools for new housing schemes

Development Loan News:- Credit to enable developers to have schools completed as soon as major new housing developments are delivered was welcomed by builders. Education secretary, Gavin Williamson, announced today the government would offer loans of up to £20m for this to happen. He said this meant new school places would be financed upfront rather than builders waiting for the new homes to be sold before having the money to build. https://www.youtube.com/watch?v=KZ_ylUh-2Zc&t=3s The government wants to incentivise developers to build [...]

By |2021-11-13T10:53:20+00:00October 10, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Edinburgh bucks national trend with 3.4 per cent house price increase

House prices in Edinburgh showed a 3.4 percent year-on-year rise for the third quarter, July to September, according to the latest Knight Frank index. The estate agent said the figures were in contrast with those across the UK where average house prices have fallen by 1.7 percent. https://www.youtube.com/watch?v=gZkYeRN7z9k Although house price growth in Edinburgh was down from 10.5 percent annual growth at this point last year, said Knight Frank. Knight Frank associate, Oliver Knight, said: "Political rhetoric has ramped up [...]

By |2021-11-13T10:53:34+00:00October 8, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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New house starts show worrying 8 per cent drop

Development Loans News:- New house building starts showed a year-on-year decline of 8 per cent for the second quarter, according to Office of National Statistics data. In the three months to June, 37,220 new homes were started - a 2 per cent decline on the previous quarter. Annual new builds totalled 160,640 in the year to June 2019 - a 1 per cent year-on-year decrease. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s All starts between April and June 2019 were 117 per cent above the trough in [...]

By |2021-11-13T10:53:41+00:00October 4, 2019|Blog, Finance News, News, Planning News|0 Comments
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New build homes to have tighter green standards by 2020

Development Finance News:- Building regulations are set to get stricter next year in a bid to tackle climate change and cut carbon emissions. The government has released a consultation paper this week which wants to see carbon emissions of new homes cut by a third by 2020. The deadlines for giving feedback on proposed changes to part L and F of current building regulations is 11.45 am on January 10, 2020. https://www.youtube.com/watch?v=lYJjPXGYWvo&t=2s In the longer term, it's proposing a future [...]

By |2021-11-13T10:53:50+00:00October 3, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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UK house price growth stagnates in September

Bridging Loans News:- UK annual house prices rose by just 0.2 percent in September, the tenth consecutive month of increases below 1 percent, according to Nationwide's index. There was a fall in growth in September, compared with August, of 0.2 percent bringing the average UK house price to £215,352. https://www.youtube.com/watch?v=gZkYeRN7z9k Annual house price declines persisted in London and the South East with falls of 1.7 percent and 1.5 percent respectively, for the third quarter - July to September. Nationwide's chief economist, [...]

By |2021-11-13T10:54:09+00:00October 1, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Former hotel site close to a London tube station eyed up for more than 500 homes

Brownfield developer Inland Homes has submitted a detailed planning application to build 514 flats on a six-acre site in Freezeland Way next to Hillingdon tube station in west London. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s Inland Homes said the plans would transform the former commercial site which was home to the Master Brewer Hotel into a residential mixed-use neighbourhood. The development will include a range of one, two and three-bedrooms flats and 179 of the homes will be affordable. Inland Homes chief executive, Stephen Wicks, [...]

By |2021-11-13T10:54:16+00:00September 30, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Leicester tops UK city house price index with 5 percent growth

Construction Loans News:- House prices in Leicester have grown by 4.8 percent while Aberdeen has seen a 4 percent fall, according to the latest figures from Zoopla's UK cities index. The property website said a 1.9 percent increase in house prices across the 20 cities studied reflected more sustainable growth levels. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s It added it was the first time in seven years that the fastest growing city had increases of below 5 percent. Zoopla's research and insight director, Richard Donnell, [...]

By |2022-03-15T06:25:24+00:00September 27, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Scotland increases new housing by 15 per cent

Development Loans News:- Scotland built 22,273 new homes in the last financial year - the sixth consecutive increase and the highest figure in a decade. Private-led new builds increased by 2,679 homes, 21 percent, while local authority ones declined by 51 homes, 3 percent. Although, housing association new builds rose by 1,041 homes, 33 percent. https://www.youtube.com/watch?v=gZkYeRN7z9k Refurbishments decreased by 642 homes, 67 percent, and net conversions decreased by 74 homes, 10 percent. Housing minister, Kevin Stewart, said this was the [...]

By |2021-11-13T10:54:37+00:00September 25, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Construction costs set to increase steeply over the next five years

Construction Costs News:-Building costs are forecast to rise by 20 percent over the next five years, according to calculations by the Royal Institution of Chartered Surveyors', RICS, consultant panel. The is set against a backdrop of increased new work output activity of 21 percent from 2019 to 2023 claims RICS' business construction information service, BCIS. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s BCIS predicts a 3 percent rise over each of the first two years, then a 4 percent rise in the third year followed by [...]

By |2021-11-13T10:54:45+00:00September 24, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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1,757 Homes To Be Built in Greenwich

Knight Dragon has ditched plans for a film studio on Greenwich Peninsula in favour of building an extra 1,757 homes of which 54 percent are to be affordable. The developers have applied for outline permission for the new homes to be built on 150 acres of land bounded by Hendon Street, Neal Street, West Parkside and John Harrison Way. They will be a mix of studio, one-bed, two-bed and three-bed homes. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s They've also submitted a detailed application to build [...]

By |2021-11-13T10:54:52+00:00September 23, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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