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Builders calls for LAs to speed up signing-off of planning conditions

Bridging Loan News:- Builders about to go on-site or finish up projects are facing delays as many councils are failing to sign-off planning conditions within the statutory period. The National Federation of Builders, NFB, head of housing and planning policy Rico Wojtulewicz said: “This is causing industry real problems as it means current projects are unable to start, or complete. “We are raising this with the government, who need to work with the industry and local planning authorities to solve [...]

By |2024-06-26T07:38:35+00:00June 24, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Push back date for reverse charge VAT, builders urge

A further one-year delay for the introduction of the controversial tax is being called for by the sector who have written to the chancellor Rishi Sunak calling for a reprieve. Reverse charge VAT was to have gone live in October last year but was pushed back to October 2020 following concerted industry lobbying.The new system means no-one in the supply chain can invoice for VAT and pass the money on later to HMRC every quarter. Only businesses contracted with an [...]

By |2024-06-26T07:47:33+00:00June 1, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Home builders north of the border press government to re-open sites

Bridging Loan News:- Scotland’s strict lockdown on building sites needs to be lifted to help meet housing supply and save jobs and businesses, urges a key trade body. Homes for Scotland, HFS, has written to the first minister, Nicola Sturgeon, requesting for a phased return to work to allow 6,000 largely completed homes worth £1bn to be finished. Among the 20 signatories are managing directors and chief executives of some of the UK’s largest housebuilders including Barratt Homes, Taylor Wimpey [...]

By |2021-11-13T09:20:56+00:00May 15, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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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
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Builders’ merchants open for business again

Bridging Loans News:- Builders merchants are re-opening their doors after the government told them to stay open to support the construction industry supply chain. Howdens, Huws Gray, Jewson, Ridgeons, Selco and Travis Perkins closed their branches yesterday, March 24, following the government’s advice on Monday that people should stay at home. However, the government told them via their trade association, the Builders Merchants Federation, BMF, to continue operating. BMF chief executive, John Newcomb, said during a construction leadership taskforce meeting [...]

By |2021-11-13T09:25:28+00:00March 25, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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Builders on red alert for site closures and lay-offs

Instant bridging finance News:-The construction industry is grappling with the challenge of supply chain disruptions, staff sickness and site closures caused by the coronavirus. The National Federation of Builders, NFB, said members had reported issues of absence due to self-isolation and this was likely to change rapidly in the next few days. NFB chief executive, Richard Beresford, said: “The government and the construction sector needs to also recognise the risk of mass absence from construction sites and the potential impact [...]

By |2021-11-13T09:25:47+00:00March 18, 2020|Blog, Finance News, Planning News, Projects|0 Comments
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House price growth at its slowest in nearly seven years

Bridging Finance News:-UK house prices grew by under 1 per cent in the year to July 2019 - their slowest rate since September 2012, according to the latest HM Land Registry figures. The average UK house price now stands at £232,710, an increase of 0.7 percent compared with July 2018 and an increase of 0.5 percent on the previous month. https://www.youtube.com/watch?v=WpnLZeEwEJA Wales showed the strongest house price growth of 4.2 percent with the average house priced at £165,303. Scotland also [...]

By |2021-11-13T10:55:23+00:00September 18, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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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
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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
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Regional cities’ house price rises while the South stays muted

Bridging Finance News:- Edinburgh and Liverpool saw the highest year-on-year house price growth of 5.1 per cent and 4.9 per cent for June2019, according to Zoopla's hometrack index. The average price of a house in Edinburgh now stands at £232,300 while in Liverpool it's £124,100. The index, which looks at 20 cities in the UK, reported an overall annual increase in house prices of 1.7 per cent in June. It noted house prices had weakened rapidly along the south coast [...]

By |2022-03-16T14:03:29+00:00July 30, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Sky scraper for ‘key workers’ proposed in West London

Bridging Finance News:- Ambitious plans to build one of the tallest tower blocks in Ealing comprising 26 storeys of 149 affordable flats have been submitted. The new building, called 55 West, is to have roof gardens and at ground level a public plaza with the possibility of a doctors' surgery. https://www.youtube.com/watch?v=yQ3_KUhi8_8 Developers Southern Grove  and Thames Valley Housing Association have lodged the application with Ealing council which is expected to make a decision by the end of November. Southern Grove [...]

By |2021-11-13T10:48:18+00:00July 25, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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Edinburgh house price growth sluggish in June

Development Finance News:- The Scottish capital's annual house price growth slowed to 4.3 per cent in June, down from 7.6 per cent at the end of the first quarter of 2019, according to Knight Frank analysis. The estate agents said until now Edinburgh had been relatively unaffected by political uncertainty unlike other regional prime markets. Knight Frank residential research associate, Oliver Knight, said: "Whilst a slowing of price growth in the prime Edinburgh market is a sign that both buyers [...]

By |2021-11-13T10:45:14+00:00July 9, 2019|Blog, Finance News, Planning News, Projects|0 Comments
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