Over 150,000 new homes could be stalled due to a lack of product testing capacity

The building industry is proposing sub-contracting of testing and the temporary use of existing certificates for products to ease pressure on the UK’s imminent post-Brexit certification system. The chair of the Construction Leadership Council, CLC, Andy Mitchell has written an open letter to the business secretary Kwasi Kwarteng highlighting the lack of testing capacity and need for action. “A number of market failures have contributed to this situation including the relatively small scale of the UK construction products testing market, [...]

Joint venture partner needed for £300m southeast London scheme

London’s oldest and largest housing association Peabody is looking for a private sector development partner to finance and help build 730 homes as part of the regeneration of South Thamesmead. Peabody wants to establish a 50:50 joint venture to build phases two and three of the 3.1ha site at Harrow Manorway near Abbey Wood which will be connected to the new Elizabeth cross rail line. Head of external affairs at Peabody Benjamin Blades said: “We’re already planning future phases of [...]

UK House Prices Surge 12%

The average house price in the UK reached a record high of £270,000 - £28,000 higher than this time last year, reveal Office of National Statistics data. The sharp rise is being attributed to the rush to complete sales before the stamp duty holiday stops for properties worth less than £500,000. Hargreaves Lansdown senior personal finance analyst Sarah Coles said: “It was the busiest September for house sales on record. On the one hand, this rush for the deadline defies logic, [...]

Smaller builders still ignored by clearing banks for loans

Homes England’s chairman Peter Freeman told MPs there was still a real gap in the market among the major banks for lending to smaller housebuilders. Mr Freeman, the co-founder of the property developer Argent, related that 20 years ago he had walked into NatWest asking for a loan which he got within an hour of applying. But he said this was no longer the case and that clearing banks were only interested in lending to builders who constructed 500 homes [...]

How To Finance a House Extension – What is The Best Method?

Whether you're a property investor or simply a residential homeowner, one of the quickest and easiest ways to add value to your property.  Extension can be something of a broad or vague term, and could apply to extending your kitchen, for example, or to converting your loft into an extra floor. It could also mean building out into your garden or on to existing features on the property.  As the property market is booming, we've noticed that we're receiving more [...]

By |2021-11-10T17:57:59+00:00November 1, 2021|Blog|0 Comments

How To Buy a Property at Auction – Complete Guide

Buying a property at auction in the UK is one of the most popular ways to purchase a property at the moment, and for a variety of reasons, too.  First and foremost is how well the UK property market is performing not just right now, but has performed over the past 15 years, with only 2 years having seen a drop in prices year-on-year, once in 2009 following the financial crash, and then in 2011. Apart from that, the market [...]

By |2024-07-03T09:04:36+00:00November 1, 2021|Auctions, Blog|0 Comments

How to get bridging loans for a London property

London is, always has been and is always likely to be the UK's prime real estate market. With the highest price growth, fast rental growth and a growing population, the capital is one of the world's premier cities. Not just in the UK, but across the world, people want to move to London and live within the city, and that's never going to change. History is absolutely littered with false promises of some sort of housing collapse in the capital [...]

By |2024-07-03T09:40:02+00:00October 21, 2021|Blog|0 Comments

Bridging Loan uses – What can bridging loans be used for?

Bridging loans are one of our most popular financing products for a good reason; they're flexible, fast and can be used for almost anything. We've seen a spike in enquiries from our clients recently as we tend to find that most of the bridging finance we organise is for those involved with property development and investment, however, as the economy grows back to full strength we're also seeing many more enquiries come through about what bridging finance can be used [...]

By |2021-11-10T18:01:06+00:00October 18, 2021|Blog|0 Comments

Bridging loans for downsizing

Bridging loans for downsizing Many have described the 'race for space' following the pandemic, in which many people in the UK are now looking to move out of a home in busier areas and into more rural spaces, but that's not the only new facet of the market as many are looking to downsize their home too, and are now looking for finance or a loan. The pandemic has put UK property, finance, and people's living spaces in sharp focus [...]

By |2024-06-26T07:27:20+00:00October 14, 2021|Blog|0 Comments

What does Let agreed mean?

With the huge increase in demand for Private Rental Sector (PRS) houses in the past year or so, more houses than ever are coming to the market for rent, however, even this new level of supply is not meeting demand, and so this also means that many properties are coming back off the market just as quick as they entered it. You'll have heard the term 'generation rent' before, and it means that more and more people every year can't [...]

By |2024-06-27T03:26:30+00:00June 8, 2021|Blog|0 Comments

How long does it take to get a bridging loan?

  Bridging finance and bridging loans are one of the most popular short term finance products on the market, and there's a good reason for that - they're one of the fastest types of loan to arrange. Bridging loans are also incredibly versatile and flexible, able to be used for almost anything as long as you meet the criteria. They can be taken out over a very short time, or they can be stretched over a relatively long period, should [...]

By |2024-07-03T09:10:16+00:00May 17, 2021|Blog|0 Comments

Mezzanine Finance

  Essentially mezzanine finance is a type of loan or finance for experienced property investors, that works differently and is a more complex way to fund property investment. It's usually used to fund a building or property project, and sits in between the top, or senior, priority debts, and a second charge on the asset. That means that a client may have gotten funding from an initial lender for a set amount that cannot be extended or increased, and secure [...]

By |2024-07-03T09:42:32+00:00May 6, 2021|Blog|0 Comments