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New towns set to make a comeback

Construction Finance News:-Councils are being invited to bid to build economically led new towns in their communities which would generate jobs and create new homes. Housing secretary, Robert Jenrick, has announced £10m to enable local authorities to come up with locally-led proposals to deliver new towns on the scale of Canary Wharf or Milton Keynes. https://www.youtube.com/watch?v=lYJjPXGYWvo "We want to drive economic growth outside London and the South East. Our new development corporations will empower local areas to come forward with [...]

By |2021-11-13T10:57:02+00:00October 28, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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London’s green belt needs to be overhauled for the capital to hit new homes target

Bridging Finance News:- A strategic review of London's green belt is needed if the capital is to hit its target of building 66,000 new homes a year, argues the inspectorate report. The report claims that the capital's small sites development target, which was to have delivered 38 percent of London's new homes, is unrealistic. https://www.youtube.com/watch?v=vK9_6vD5tuA "The evidence simply does not justify the reliance placed by the Mayor on small sites to fill the gap. To accept the targets attributed to [...]

By |2021-11-13T10:57:22+00:00October 23, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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UK House prices show annual rise for August

Commercial Loans News:- UK house prices showed a year-on-year increase of 1.3 per cent for August, according to the latest HM Land Registry figures. Wales recorded the largest annual house price rise of 4.5 per cent taking the average property value to £168,318. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s In England, the North East experienced the best annual increase of 3.3 per cent while London saw prices drop by 1.4 per cent, followed by the South East where prices fell by 0.6 per cent. Scotland experienced [...]

By |2021-11-13T10:57:47+00:00October 16, 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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Housing delivery in London still way off-target

Construction Loans News:- New residential build in London is at near-record levels for the second quarter of 2019 despite being way below London's draft plan goal of 65,000 new homes a year, claims property agents Savills. A total of 40,735 energy performance certificates, EPCs, for new builds were issued for May to June - an 8 per cent year-on-year rise, although a slight fall on the previous quarter. https://www.youtube.com/watch?v=Rw_dTlS7_Ug&t=2s Residential development researchers  Molior reveals sales for private units on sites [...]

By |2021-11-13T10:51:30+00:00September 4, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Housebuilders cash contributions to get local residents’ recognition

Construction Loans News:-New planning rules enabling residents to see how housing developers' money has been spent in the community have come into force. The government passed legislation on September 1st requiring councils to publish the details of deals done with housing developers so residents can see how the money will be spent. Housing minister, Esther Mc Vey, said: "The new rules will allow residents to know how developers are contributing to the local community when they build new homes - [...]

By |2021-11-13T10:51:45+00:00September 2, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Extra £180k premium to buy a house close to a top notch school

Bridging Finance News:- Exceptional schools boost house price values by as much as £180,000 according to a study by online mortgage broker Trussle. Ofsted has identified 703 outstanding rated state secondary schools, academies and colleges across England. Trussle found average asking prices in the same postcode areas as these schools was £427,116 – £180,116 more than the average house price in England of £247,000. Chief executive, Ishaan Malhi , said: "Living near to good schools is a priority for many [...]

By |2022-03-16T14:32:18+00:00August 29, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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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
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Sub-standard office conversions’ days could be numbered

Development Finance News:- Landlords who rent minute office conversion flats with poor lighting and ventilation could land themselves in court under new legislation, claim housing experts. The Homes (Fitness for Human Habitation) Act, which went live in March 2019, allows tenants to sue landlords if the homes fail basic standards. A successful challenge would force a landlord to repair the defects and pay compensation to the tenant. Housing  experts have told The Times the act could be used to combat [...]

By |2021-11-13T10:49:43+00:00July 15, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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SAINSBURYS STORE, RODEN STREET Project is under planning for construction

Bridging Finance News:-The planning for the construction of the project SAINSBURYS STORE, 656 FLATS, 27 HOUSES, RODEN STREET is underway and it will happen at 55 Roden Street, Ilford, and Essex, IG1 2AA. The council of Redbridge will be governing the construction of this project. The project is scheduled to start with its construction by the May of 2020 and will be lasting for a period of 48 months, ending roughly by the May of 2024. The total floor area [...]

By |2021-11-13T10:42:17+00:00June 18, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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MAYFIELD ROAD – 158 STUDENT FLATS are going to start with their construction soon

Bridging Loans News:- The construction of MAYFIELD ROAD – 158 STUDENT FLATS is going to start with their construction soon at 234 Mayfield Road, 14 & 15 Braefoot Terrace, Edinburgh, and Lothian, EH9 3BE. The council of Edinburgh will be looking after the construction of this particular project. The total site area for this project is allotted at 1440 sqm. There will be only 1 structure that is going to be built. In that structure, a total of 158 units [...]

By |2021-11-13T10:37:07+00:00May 4, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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House Prices See Quarterly year-on-year 3.2 per cent rise

Refurbishment Loans News:- House prices have rallied with a 3.2 per cent increase for the three months to March  compared with the same period in 2018, reveals the Halifax House Price Index. The first quarter of this year was 1.6 per cent higher than the final quarter of last year but on a monthly basis prices fell by 1.6 per cent in March compared with February. The average house price in the UK is now £233,181. Halifax's managing director Roger [...]

By |2021-11-13T10:29:44+00:00April 5, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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