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Nearly all large construction company sites back at work

Bridging Finance News:-Build UK has reported 97 percent of its large contractor members have their construction and infrastructure sites operating - a four percent increase on a fortnight ago. Members with housing in their portfolios have confirmed 93 per cent of their house-building sites in England and Wales are now open. This is a 68 per cent increase on figures for last month with output rising to 78 per cent compared with 53 per cent a month ago. However, Covid-19 [...]

By |2024-06-26T07:46:48+00:00June 10, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Major housebuilders to re-open sites next week

Bridging Loans News:- One of the UK’s largest housebuilders Persimmon has said it will start to re-open sites on Monday, April 27. Yesterday Vistry Group and Taylor Wimpey’s announced they would gradually resume work at their sites under strict social distancing guidelines. Vistry, comprising Bovis and Linden Homes, will re-open a number of its housing sites from Monday onwards. Taylor Wimpey is to restart English and Welsh sites from May 4 with site management teams and sub-contractors following on May [...]

By |2021-11-13T09:21:58+00:00April 24, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Surveyors call for stamp duty waiver to boost house sales

Bridge Finance News:- A stamp duty holiday post lockdown would help get the housing market back on its feet, according to the professional body for surveyors. The Royal Institution of Chartered Surveyors, RICS, residential market survey for March shows a sharp fall in buyer demand with a net balance of minus 74 per cent. Newly agreed sales dropped across the UK with over two-thirds of respondents reporting a fall compared with 19 per cent recording a rise in February. RICS [...]

By |2021-11-13T09:24:27+00:00April 9, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Councils under pressure to hit housing land supply targets.

Bridging Loans News:- South East England councils were among the worst at delivering land for housing according to figures released by the ministry for housing, communities and local government, MHCLG. The City of London, Havering and Thanet delivered just 35 per cent of the land they were required to provide for housing in the three years to March 2019. They were followed by Basildon, Eastbourne, North Hertfordshire, New Forest and Three Rivers who reached just 45 per cent of their [...]

By |2021-11-13T11:01:11+00:00February 17, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Infrastructure blitz to unlock sites for thousands of new homes

Bridging Loans News:- More than £250m is to be spent on infrastructure to enable 20,000 new homes to be built nationwide, the government has announced. Chancellor, Sajid Javid, said six major projects had won funding to invest in roads, rapid bus transport and schools across the country. https://www.youtube.com/watch?v=vK9_6vD5tuA "This step-change in funding will ensure that all parts of the country benefit as we level-up opportunities." He added: "The government is committed to levelling-up communities across the country so that all [...]

By |2021-11-13T10:56:37+00:00November 1, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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New building orders in the doldrums for Q2

Bridging Finance News:-New construction orders fell by 13.3 percent in the second quarter of 2019, according to Office for National Statistics' data. This reversed the first quarter's 10.4 percent increase and the ONS said this was driven by a 17 percent decline in all other work apart from infrastructure. All sectors apart from infrastructure experienced a decrease in comparison with the first quarter of 2019. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s The decline in new work was due to a fall in public other work [...]

By |2021-11-13T10:50:54+00:00September 10, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Lending for home purchases shows 2.9 per cent year-on-year rise for June

Bridging Finance News:- Mortgages granted for home buying stood at 42,653 in June - a 2.9 per cent annual increase, according to UK Finance, figures. The number was above the 38,000-40,000 range that has largely held from the beginning of 2018 through to early 2019. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=7s Economic forecasters, the EY ITEM Club, said June's figures were just below the 26-month high seen in April of 42,792. The Club's chief economic advisor, Howard Archer, said the housing market had received some [...]

By |2021-11-13T10:48:24+00:00July 24, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Planning of the IMPERIAL STREET, BROMLEY–Project is currently going on

Bridging Loan News:-The project IMPERIAL 1 – 407 APARTMENTS & RETAIL SPACE is being carried ahead with its planning at Imperial Street, Bromley by Bow, Bow, and London, E3 3ED. The council of London Legacy will be undergoing supervision for the construction of this particular project. The project is supposed to start by the third quarter of 2020 and will last a period of 48 months, and is scheduled to end with its work by the third quarter of 2024. [...]

By |2021-11-13T10:46:29+00:00June 27, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Developers’ levies to be made speedier and more transparent

Construction Loans News:- New rules on the way housing developers pay for infrastructure are to be brought in, the Government confirmed this week. Builders already have to pay for roads, schools, GP surgeries and parkland that is needed so that areas can cope with the influx of extra residents. Regulations were laid in parliament this week, aimed at making it easier for councils to introduce the community infrastructure levy. Housing minister Kit Malthouse said the Government would simplify the current rules [...]

By |2021-11-13T10:43:30+00:00June 5, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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UK annual house prices show biggest growth up North

House Prices UK News:- House prices in the UK increased by 1.4 percent in the year to March, up from 1 percent in February, revealed ONS statistics. But the last three years have seen a general slowdown in house price growth, driven mainly by a slump in the south and east of England. The lowest annual growth was in London, where prices fell by 1.9 percent over the year to March 2019, although an improvement on the fall of 2.7 percent [...]

By |2021-11-13T10:40:07+00:00May 22, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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One of Britain’s biggest House Builders Says the Property Market is ‘Encouraging’ after Brexit

Taylor Wimpey, one of the UK's biggest housebuilders, is striking a surprisingly upbeat tone in its half year results and is so far shrugging off Britain's vote to leave the European Union with ease. In an update released on Wednesday, the FTSE 100 company says that despite the vote to leave the EU, trading has so far remained resilient and that there had been no discernible impact from the referendum so far. Many analysts and market watchers had expected a [...]

By |2021-11-13T09:27:38+00:00July 27, 2016|Blog, Finance News, mycrousal, News|0 Comments
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