Over 17,000 ‘affordable homes’ stalled due to lack of buyer funds

Housing associations and councils need to be put on a secure financial Housing associations and councils must be financially secure in order to afford the purchase of 'affordable homes', according to the construction industry. footing, so they have the money to buy ‘affordable homes’, urges the construction industry. 17,432 homes with detailed planning permission affected 139 sites nationwide are delayed Housing associations and councils’ lack of finances to blame Over 17,000 ‘affordable homes’ stalled due to lack of buyer funds [...]

By |2024-12-21T15:16:46+00:00December 18, 2024|Blog, Development Finance Lenders|0 Comments

Major obstacles still face developers in delivering new homes on a grand scale

An overhaul of the planning system is seen as an important first step, but industry experts have said housebuilders still face major hindrances when it comes to building more new homes quickly. Only a quarter of English councils have up-to-date plans Planning departments are insufficiently resourced Statutory consultees could still prove a major delay Major obstacles still face developers in delivering new homes on a grand scale Housebuilders still face significant hurdles in delivering 1.5m new homes despite the Government’s [...]

By |2024-12-11T14:24:48+00:00December 11, 2024|Blog, Development Finance Lenders|0 Comments

Empty shop refurbs to create pipeline of work for SME builders

SME builders order books could receive a welcome boost as councils exert their new powers to tackle the problem of empty high street premises. Properties empty for more than a year to go under the hammer  Leases of one to five years on offer One in seven high street shops are vacant Empty shop refurbs to create pipeline of work for SME builders SME builders are hoping for a boost in refurbishments now that councils can force landlords of [...]

By |2024-12-05T14:26:05+00:00December 4, 2024|Blog, Development Finance Lenders|0 Comments

Family-run construction firms doomed due to tighter inheritance relief cap

The construction industry is calling on the Government to rethink its £1m inheritance relief tax cap if it wants to avoid seeing thousands of family-run businesses close. Private assets above £1m will be taxed at 20 per cent Thousands of family-run businesses will close 1.5m new homes target is at risk without the SME builder Family-run construction firms doomed due to tighter inheritance relief cap Smaller family-owned housebuilders will close putting the government’s target of building 1.5m new homes in [...]

By |2024-12-04T12:21:11+00:00November 28, 2024|Blog, Development Finance Lenders|0 Comments

SME builders should be attracted back into housebuilding, claims senior economist

Economic experts have said that if the Government wants to achieve its 1.5m housebuilding target it will have to tempt smaller housebuilders back into the sector. Reforms to planning and potential subsidies will be needed claim experts in Glenigan’s latest construction industry forecast. Housing starts predicted to increase by13 per cent in 2025 and 15 per cent in 2026 New housing affordability targets of 40 to 50 per cent will be hard to meet Office refurbishments predicted to rise to [...]

By |2024-12-05T14:31:04+00:00November 27, 2024|Blog, Development Finance Lenders|0 Comments

Family-run construction firms doomed due to tighter inheritance relief cap

The construction industry is calling on the Government to rethink its £1m inheritance relief tax cap if it wants to avoid seeing thousands of family-run businesses close. Private assets above £1m will be taxed at 20 per cent Thousands of family-run businesses will close 1.5m new homes target is at risk without the SME builder Family-run construction firms doomed due to tighter inheritance relief cap Smaller family-owned housebuilders will close putting the government’s target of building 1.5m new homes in [...]

By |2024-12-04T12:21:38+00:00November 22, 2024|Blog, Development Finance Lenders|0 Comments

Councils gain power to force landlords to lease empty high street premises

Councils’ new powersto force short-term leaseauctions of empty high street properties could boost local builders’ business, claim finance lenders. One in seven high street shops are vacant Properties empty for more than a year to go under the hammer Short-term leases of one to five years on offer Councils gain power to force landlords to lease empty high street premises Landlords sitting on empty properties for more than a year will be forced to rent them out on short leases [...]

By |2024-12-04T12:21:45+00:00November 22, 2024|Blog, Development Finance Lenders|0 Comments

Random embargos on crane transport set to end

The construction industry has high hopes the deputy prime minister Angela Rayner will help them make it easier to get essential equipment such as cranes to building sites. The optimism follows a meeting between Ms Rayner and the managing director of a crane company based in her constituency. Police forces vary in how they apply the rules ‘Adverse weather’ conditions need to be defined Notification of travel periods too long Random embargos on crane transport set to end The deputy [...]

By |2024-12-04T12:21:51+00:00November 22, 2024|Blog, Development Finance Lenders, Uncategorized|0 Comments

Lack of materials could inhibit housebuilders’ next year

Housebuilders will need to plan over predicted increased demand for materials and talk to suppliers now to avoid pinch points next year, the Construction Leadership Council has warned. Manufacturers have reduced capacity over the last 18 months Skilled workforcedecline and closure of old facilities pose a threat Demand expected to surge in the second half of 2025 Lack of materials could inhibit housebuilders’ next year A shortage of materials could be the biggest hurdle for housebuilders stepping up their activity [...]

By |2024-12-04T12:22:00+00:00October 30, 2024|Blog, Development Finance Lenders|0 Comments

Derelict former gas site gets £29m to pave the way for 1,600 new homes

A proposed urban garden village of 1,600 low carbon homes on the site of former gas works in Birkenhead has received a major boost of £29m from Homes England. £51m pledged for site remediation Former railway to be turned into a linear park 1,600 low carbon homes set to be built Derelict former gas site gets £29m to pave the way for 1,600 new homes Birkenhead’s former gasworks havemoved closer to being transformed into an urban garden village with the [...]

By |2024-12-04T12:22:07+00:00October 9, 2024|Blog, Development Finance Lenders|0 Comments

Major infrastructure contracts of over £200m announced by Homes England

The government's housing and regeneration agency, Homes England, has published a pipeline of 14 different infrastructure contracts worth £210.2m. The largest job is a £52m project to build phases 3a and 3b of Northstowe, a new town in South Cambridgeshire. The two phases include 5,000 new homes, three primary schools, and large areas of open space around them. The National Federation of Builders, NFB, police, and market insight head Rico Wojtulewicz said: “It’s promising that we now know that they are [...]

By |2024-09-25T07:54:37+00:00September 25, 2024|Blog, Finance News, News|0 Comments

Promise to make rented homes warmer lights up SME builders’ future

Energy and net zero secretary Ed Millibandhas pledged that rented homes should be warmer and free from mould by 2030. The announcement is likely to be a significant boost for SME builders. Estimated 5.7m rented homes need to be upgraded 71 per cent of homes built before 1950 are D grade or lower All rented homes should have a C grade or higher by 2030 Promise to make rented homes warmer lights up SME builders’ future Smaller builders’ pipeline of [...]

By |2024-12-04T12:22:18+00:00September 25, 2024|Blog, Development Finance Lenders|0 Comments