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New home figures rise by more than 20 per cent, says NHBC

A total of 13,527 new homes were registered to be built in the UK in April - a 21 per cent year-on-year increase, reports the National Housing Building Council, NHBC. Out of the new homes registered in April - 9,972 were in the private sector and 3,555 were in the affordable and rental sector. This compares to 11,218 a year ago, of which 7,427 were private sector and 3,791 affordable and rental sector. NHBC chief executive Steve Wood said: "It [...]

By |2021-11-13T10:44:07+00:00May 31, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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House lettings in prime London spots reach record levels

Construction Loans News:-The number of lettings and interest in prime central and outer London residential properties reached record levels for the first quarter of this year, according to Knight Frank figures. Tenancies agreed for homes rented out at more than £5,000 per week both in prime central and outer London spots, such as Chelsea and Hampstead, hit a record 31. This was the highest level experienced for the first quarter of the year since Knight Frank started its research in [...]

By |2021-11-13T10:36:46+00:00May 7, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Construction of WOOD WHARF W02 & WO3 is nearing halfway

Short Term Loans News:-The WOOD WHARF W02 & WO3 construction stage is almost reaching the halfway stage at Wood Wharf, Prestons Road, Isle of Dogs, Poplar, and London, E14 9SF. The council of Tower Hamlets is governing the construction of this project. The project had started way back at April 2015 and is expected to last over a period of 120 months. The project is supposed to be completed fully by the April of 2025. The total floor area is [...]

By |2021-11-13T10:38:42+00:00April 26, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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House Building Rises at Fastest Pace for Three Months, Says PMI

Building Finance News:- Increases in new residential developments was the most positive elements in construction activity for  March, according to the Purchasing Manager's Index. Total activity was 49.7, up fractionally from 49.5 in February, but still below the 50 no-change threshold representing a marginal reduction in overall construction work. Modest Rise in Confidence Despite Tricky Conditions March data revealed a small increase in new work received by UK construction companies, although the expansion rate was subdued compared with the long-run [...]

By |2021-11-13T10:30:18+00:00April 2, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Chippies and Bricklayers Should be Encouraged to Migrate to the UK

Development Finance News:- Building trade bodies have called on the Government to prioritise migration of key construction workers once the UK leaves Europe. Bricklayers, carpenters, engineers, electricians, planners, plant operators, production managers, surveyors and structural engineers are among the 18 skilled roles in short supply. Build UK, the Federation of Master Builders, the National Federation of Builders and Chartered Institute of Building, CIOB, are some of the nine organisations asking for these roles to be added to a shortage occupation list. [...]

By |2021-11-13T10:25:53+00:00March 2, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Council’s Need to Raise their Housing Delivery Game

Building finance News:- A third of local authorities failed to meet new housing delivery targets set by the government, according to the latest data. Ministry of Housing, Communities and Local Government revealed 108 authorities out of 327 were unsuccessful in meeting the new 95 per cent delivery goal. These authorities will now be asked to set out action plans to explain why they missed their targets and what they will do to remedy this. Building finance by HZA Out of [...]

By |2021-11-13T10:20:08+00:00February 24, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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First-time Buyers Reaches a 12-year High

Building Finance News:- There were 370,000 first-time mortgages approved in 2018 - a 1.9% increase on the previous year, according to the latest UK Finance figures. The £62 billion new lending in the year was 4.9% higher than in 2017 and the highest since 2006 when 402,800 first-time mortgages were granted. Building Finance - HZA There were 30,900 new first-time mortgages completed in December 2018, some 1.6% more than in the same month a year earlier. The £5.2 billion of [...]

By |2024-06-27T02:53:56+00:00February 21, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Cracks in Planning System Set to Hinder New Homes Expansion

Bridging Loans News:- Local planning authorities will struggle to deal with targets to build an average of 300,000 new homes a year from the mid 2020s, warns the National Audit Office, NAO. The organisation's Planning for New Homes report highlights a catalogue of weaknesses in the planning system. It notes only 44 per cent of authorities having a local plan for new house builds  that is less than five years old.  NAO head Amyas Morse, said: "It is clear the [...]

By |2021-11-13T10:20:59+00:00February 16, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Leicester Square | Westminster | £150M -HZ Associates

Commercial Refurbishment Loans News: Heartiest congratulations to Radisson Edwardian Hotels Limited Head Office for gaining planning for the development of a hotel and residential units at the site Leicester Square, Panton Street, Whitcomb Street, Orange Street, Martin Street, Westminster, London, WC2H 7DT. This will be a privately funded brownfield site project, which will involve the demolition of the existing infrastructure before the construction of a new one. Commercial Refurbishment Loans The client will begin the project in March 2017, and [...]

By |2021-11-13T09:51:19+00:00July 20, 2018|Blog, News, Planning News, Projects|0 Comments
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Embassy Gardens | South Lambeth | 872 Units- HZ Associates

Online Bridging Loans News: Cheers to Ballymore Group for gaining planning for the extension of Embassy Gardens with a Phase 2 at the site Nine Elms Lane, 1-12 Ponton Road & 51 Nine Elms Lane, South Lambeth, London, SW8 5BA. This will be a privately funded brownfield site project, which will involve the demolition of the existing infrastructure before the construction of a new one. To build out the site it will cost £65,400,000, due to this Ballymore will be [...]

By |2021-11-13T09:51:31+00:00July 19, 2018|Blog, News, Planning News, Projects|0 Comments
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Hertsmere House | 67 Storey | £800M

Commercial Refurbishment Loans News:-Greenland Group has submitted an official application for the development of a 67-storey building at the site Hertsmere House, 2 Hertsmere Road, West India Quay, Poplar, London, E14 4AL. The entire project has been labelled as a Brownfield Site project, and it will be a privately funded development. The subcontract has been awarded to the application, while it is still pending a detailed approval. Commercial Refurbishment Loans The time period for the development of this project is [...]

By |2021-11-13T09:45:39+00:00March 1, 2018|Blog, News, Planning News, Projects|0 Comments
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Perfume Factory West London | 736 Units | Costing for £110M

Fast Commercial Bridging Loans News:- Imperial College of Science Technology and Medicine has submitted a development application for the development of 736 student beds and 85 flats. The site chosen for this project is 140 Wales Farm Road, Acton, London, W3 6UG. The application is still pending detailed approval for the construction. This is a privately funded Brownfield Site project. Fast Commercial Bridging Loans The estimated duration of this project is 36 months. Once completed, the development will cover a [...]

By |2021-11-13T09:33:03+00:00January 26, 2018|Blog, News, Planning News, Projects|0 Comments
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