New £125m scheme to build 300 homes in East London takes shape

Bridging Loans News:- Regenerating three parcels of land around Lea Bridge station in East London to build 300 new homes, community facilities and working space for businesses have moved a step closer. The London Borough of Waltham Forest has chosen developers London Square Partners and One Housing to deliver the project where half the homes will be affordable. Cabinet member for economic growth and housing development, Cllr Simon Miller, said: “This proposed development will bring much needed jobs and housing for [...]

By |2024-06-26T07:45:31+00:00June 15, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Government policies aim to kick-start house building

Bridging Finance News:- Construction sites are to open for longer so arrival times can be staggered and smaller developers can defer payments to local councils, the government has said. Housing secretary, Robert Jenrick, has released a series of measures to support house building including allowing councils to publicise applications using social media. He announced estate agents, conveyancers and removal firms could return to work providing they followed social distancing rules. Mr Jenrick said: “Our clear plan will enable people to move home safely, [...]

By |2021-11-13T09:21:03+00:00May 13, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Building sites need to be open longer, claims the industry

Bridging Finance News:- Trade body Build UK is negotiating with councils for building sites to be open for longer to recover time lost due to social distancing rules as a result of the Covid-19 crisis. Local planning authorities usually restrict site opening hours to reduce noise and disturbance in residential areas. However, the building industry argues longer hours would enable it to organise shifts with a lower concentration of workers on the site at any one time. They maintain this [...]

By |2021-11-13T09:22:06+00:00April 22, 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

Turning ugly neighbourhoods into beautiful ones

Property Development News:- Ending the scandal of left-behind places and derelict buildings with a cut in VAT for renovations and repairs has won the vote of smaller builders. The government-commissioned report, Living with Beauty, calls on settlements to be renewed regenerated and cared for as well as every new home to have access to a fruit tree. https://www.youtube.com/watch?v=KZ_ylUh-2Zc&t=3s The Federation of Master Builders, FMB, has campaigned for VAT on restoring existing buildings to be cut to zero. FMB chief executive, [...]

By |2024-10-21T14:01:45+00:00January 30, 2020|Blog, Finance News, Planning News, Projects|0 Comments

First-time buyer interest still in positive territory

Bridging Finance News:- New buyer enquiries for August showed a slight rise following a couple of months' modest increases, according to the latest RICS' residential market survey. The Royal Institution of Chartered Surveyors', RICS, questionnaire of members working in residential sales and lettings showed a net balance of plus 3 percent for first-time buyer interest in August. Newly agreed sales, however, inched slightly further into negative territory of minus 8 percent compared with minus 6 percent previously. RICS chief economist [...]

By |2021-11-13T10:50:37+00:00September 12, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Bermondsey in south London set to get 86 luxury flats

Bridging Finance News:- An £83m mixed-use development of 86 luxury flats and 143 apart-hotel  residences in Bermondsey, south London, has got the go ahead from Southwark council. The scheme is the latest joint venture for developers Galliard Homes and Acorn Property Group. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s The Newhams Yard development off Tower Bridge Road will comprise three towers of up to ten storeys around a public courtyard with shops, restaurants and office services on the ground floor. Galliard Homes sales director David Galman, [...]

By |2021-11-13T10:52:14+00:00August 27, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Glasgow tops property house price growth

Property Finance News:- Glasgow posted the strongest year-on-year growth in prices for April increasing by 5.1 per cent to £125,200, according to Zoopla's UK cities house price index. Leicester and Liverpool commanded joint second place with the growth of 4.9 per cent bringing average prices to £177,600 and £122,200 respectively. Manchester and Nottingham were the joint third with 4.5 per cent growth and averages of £169,700 and £154,600. UK city house price growth is running at +1.7 per cent down [...]

By |2023-02-23T12:22:26+00:00May 29, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Private house building boosts construction growth

Construction Loans News:- Private housing workloads is supporting growth in the building industry, according to the Royal Institution of Chartered Surveyors UK Construction and Infrastructure market study. A positive net balance of 24 per cent of chartered surveyors contributing to the survey said there was a rise in residential development for the first quarter of this year. This was up on the previous quarter's figure of 20 per cent. But the professional body's economist, Jeffrey Matsu, warned this was against [...]

By |2021-11-13T10:37:24+00:00May 3, 2019|Blog, Finance News, Planning News, Projects|0 Comments

First time buyer mortgages stimulated by minimal house price growth

UK house prices' modest 0.9 per cent year-on-year increase for April has helped first-time buyers, according to the Nationwide Building Society. The lender's monthly index showed a 0.4 per cent rise in prices in April compared with the previous month bringing the average house price in the UK to £214,920 compared with £213,102 in March. The building society's chief economist, Robert Gardner, said: "Indicators of housing market activity, such as the number of property transactions and the number of mortgages [...]

By |2021-11-13T10:37:37+00:00May 2, 2019|Blog, Finance News, Planning News, Projects|0 Comments