Construction industry wins business secretary praise

Development Funding News:- Business secretary, Alok Sharma, has thanked the construction industry for rising to the challenge of ensuring people have safe and healthy homes and helping the NHS. Mr Sharma wrote an open letter yesterday, March 31, praising the sector for supporting the country and the economy in its time of need. “The construction industry has answered the call to action. Whether by building temporary hospital wards, installing complex and life-saving oxygen systems, constructing the infrastructure that society needs [...]

By |2021-11-13T09:25:04+00:00April 1, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Building firms urged to keep cashflow alive

Construction Loans News:- Keep your supply chain up and running by paying suppliers and staff, urges construction trade body, Build UK. The organisation called on construction firms to act responsibly following the chancellor, Rishi Sunak’s announcement on Friday, March 20, of a raft of business support measures. “The aim is to keep cash flowing through the whole supply chain so that businesses of all sizes can survive the current crisis,” it said. Build UK wants firms to hang on to [...]

By |2021-11-13T09:25:34+00:00March 23, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Apprenticeship boost to plug post Brexit building skills gap

Developer Financing News:- Housebuilders have launched a campaign to attract 49,000 young people in the next few years to fill the shortfall when the UK leaves the European single job market next year. The Home Builders Federation, HBF, has calculated this is the level of new recruits needed to enable the sector to hit the government target of 300,000 new homes a year. Housing minister, Christopher Pincher, has backed the campaign announcing an increase in annual apprenticeships starts to 25,000 [...]

By |2021-11-13T09:26:20+00:00March 4, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Edinburgh’s sports hotspot set to have 600 new homes

Plans to build up to 600 low-carbon homes at Edinburgh’s Meadowbank sports centre moved a step closer with the city council approving the site’s redevelopment masterplan. Collective Architecture has designed a mixed-use development with shops and offices on the ground floor with flats above and space for a GP surgery and other community facilities. One-fifth of the homes will be for families and the scheme will also offer provision for the elderly. Housing, homelessness and fair work convener, Cllr Kate [...]

By |2021-11-13T11:01:02+00:00February 18, 2020|Blog, Finance News, Planning News, Projects|0 Comments

Edinburgh set to invest £2.5bn in modernising and building new homes

Edinburgh city council has earmarked £2.5bn for housing and plans to build 20,000 new homes by 2028. The money will go towards modernising existing homes with 10,000 of the new properties to be affordable. https://youtu.be/gZkYeRN7z9k Housing, homelessness and fair work convener, Cllr Kate Campbell, described the investment as one of the ‘most ambitious’ for any local authority in the UK. "We need to address the huge housing pressures facing our city and we’re doing this with one of the biggest [...]

By |2021-11-13T11:01:53+00:00January 27, 2020|Blog, Finance News, Planning News, Projects|0 Comments

New life breathed into ambitious development project for West London

Plans to build up to 25,000 homes as part of a wider regeneration scheme for Old Oak and Park Royal in West London have been revived. The Old Oak and Park Royal Development Corporation, OPDC, has submitted new proposals to build the homes, and create 65,000 new jobs, over the next 30 years across a 650-hectare area. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s A four-fold increase in land values meant earlier plans to build on 54 acres at Old Oak North, where second-hand motor dealer [...]

By |2021-11-13T11:02:32+00:00December 13, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Hackitt enlisted to help establish new building safety regulator

Bridging Loans News:-Dame Judith Hackitt, who conducted the building regulations review post the Grenfell fire disaster, is to advise the government on establishing a new building safety regulator. Housing secretary, Robert Jenrick, said he was grateful Dame Judith, an engineer and former chair of the UK Health and Safety Executive, had agreed to take on the role. https://www.youtube.com/watch?v=Rw_dTlS7_Ug&t=2s "Her expertise will be essential to forming a strong regulator with teeth to ensure all residents are safe, and feel safe, in [...]

By |2021-11-13T10:56:55+00:00October 29, 2019|Blog, Finance News, Planning News, Projects|0 Comments

1,757 Homes To Be Built in Greenwich

Knight Dragon has ditched plans for a film studio on Greenwich Peninsula in favour of building an extra 1,757 homes of which 54 percent are to be affordable. The developers have applied for outline permission for the new homes to be built on 150 acres of land bounded by Hendon Street, Neal Street, West Parkside and John Harrison Way. They will be a mix of studio, one-bed, two-bed and three-bed homes. https://www.youtube.com/watch?v=C1-k6Ika-0Q&t=1s They've also submitted a detailed application to build [...]

By |2021-11-13T10:54:52+00:00September 23, 2019|Blog, Finance News, Planning News, Projects|0 Comments

Glasgow ripe for further strong house price rise

Property Development  News:- Scotland's second city is catching up on the country's capital when it comes to future house prices, according to property agent Savills. The company reported a 3.9 per cent annual price growth for the second quarter of this year and a 9 per cent increase in buyers registering. But said supply was under pressure with 5 percent fewer properties available to buy compared with 2018. https://www.youtube.com/watch?v=BqZlmQWersU&t=12s Scottish residential research director, Faisal Choudhry, said: "We believe there is [...]

By |2023-02-23T12:20:13+00:00September 19, 2019|Blog, Finance News, Planning News, Projects|0 Comments

House price growth dips in July

Commercial Property Finance:-:- House prices dropped marginally in July by 0.2 per cent compared with the previous month, according to the Halifax house price index. This was the second successive month of a fall with June's figures 0.4 per cent down on the previous month. https://www.youtube.com/watch?v=BqZlmQWersU&t=12s However, for the three months leading up to the end of July there was a year-on-year growth of 4.1 per cent bringing the average UK house price to £236,120. Halifax managing director, Russell Galley, [...]

By |2021-11-13T10:52:47+00:00August 7, 2019|Blog, Finance News, Planning News, Projects|0 Comments

UK house prices revive in April

Development Funding News:- House prices in April revealed a 1.4 per cent year-on-year rise according to the latest Land Registry figures . The average UK house is now valued at £228,903 with April figures showing a 0.7 per cent increase on March's data. First-time buyer house prices revealed a monthly increase of 0.5 per cent and a yearly increase of 0.6 per cent bringing the average value to £205,022. New builds showed a monthly price rise of 3.4 per cent [...]

By |2021-11-13T10:42:05+00:00June 20, 2019|Blog, Finance News, Planning News, Projects|0 Comments

House prices up by more than 5 per cent, reveals Halifax house price index

Construction Loans News:- House prices for the three months to May rose by 5.2 per cent compared with the same period last year, according to Halifax data. They were also 2.5 per cent higher than the previous quarter and last month's figures showed a monthly rise of 0.5 per cent. The lender highlighted Bank of England data which revealed the number of mortgages approved for buying houses rising by 5.9 per cent in April to 66,261. Halifax's managing director, Russell [...]

By |2021-11-13T10:43:15+00:00June 7, 2019|Blog, Finance News, Planning News, Projects|0 Comments