There can be many reasons why you might not be able to agree a mortgage on a property, mainly to do with the state of repair or location of the property. With the increase in popularity of investing in property in the UK recently, we've seen a huge surge in the number of enquiries we get about an unmortgageable property and what sort of finance could be put in place instead. Many of these properties are ones that are [...]
Buying property at auction has become an increasingly popular option for property investors in recent years, with many able to pick up some absolute bargains. With the explosion of the UK property market in recent years property investment has become absolutely red-hot once again and many like attending auctions in order to look for great property investments that they may then be able to either sell on or keep to let as a buy-to-let property, Even throughout the pandemic, [...]
Bridging loans are one of our most popular products, and probably one of the most versatile lending options on the market when it comes to loans and finance more generally. Our clients use them for all sorts of things both as a consumer and commercially, and the majority of the time a bridging loan is used a short-term solution to a lack of liquidity. That being said, we also find that a lot of our clients, and a lot [...]
As the UK property market has blossomed and thrived in the wake of the pandemic, inevitably, there has been a great deal of interest in it, and a great deal of investors looking to increase their exposure to UK property development and investment. Subsequently, the number of companies, providers, investors, and lenders willing to fund development finance has increased markedly, given the successful increase in completed and lucrative projects over recent years. Of course, each development finance provider will have [...]
If you're considering getting into property development, then you're certainly not alone. Over the past few years, the property market in the UK has exploded even with the pandemic economy in the middle of it all. Across most of the UK in 2020 the average property price rose by more than 8% which, all things considered, is a phenomenal return compared to high street savings rates or other investments that you could make. With government incentives introduces in recent years, [...]
As the UK property market has flourished in the wake of the pandemic, and with global equity markets and traditional investment vehicles volatile, it has meant that many investors are now turning to the UK market and are looking more specifically at opportunities that may arise from auction properties and property that can be renovated. This has also meant a great deal more interest in property auctions and the potential they hold as an investment opportunity. Many auction houses are [...]
Since the end of 2020 we've been seeing a noticeable increase in the amount of enquiries we get from clients asking about the types of development finance they may be able to access from our panel of development finance lenders. This appears to be in response to the explosion in popularity of property development across the UK, with demand having increased hugely in the Private Rental Sector (PRS). Many landlords and investors are now seeing the potential and success in [...]
A great deal of our clients work within property development, and so we tend to deal a lot with development finance, and many at first ask us, what is development finance? With the hugely impressive performance of the UK property market over the last few years, many more investors, businesses and individuals are getting involved in property development, and this can take many forms. For example, many of our clients will purchase a larger residential property and re-develop it [...]
Often, we'll have clients ask us the question "what is a bridging loan?", and at times it can seem a lot more complicated than it actually is. Bridging loans are one of our most popular products, and for good reason. They're flexible, versatile and can be applied for and approved often within days, making them an excellent short-term lending solution. In essence, a bridging loan is a short term loan that is often used as a temporary finance solution [...]
Construction of roads, bridges, cycle lanes, water, gas and communications to service the 10,000 homes set to be built at Meridian Water in Edmonton will start later this month. Enfield council has entered a framework agreement with Vinci Taylor Woodrow, BamNuttall and VolkerFitzpatrick to deliver the £90m works. Council leader Cllr Nesil Caliskan said: “Successfully delivering the infrastructure on the site will be a major step forward in what will be a transformational plan for the area, providing homes, jobs [...]
A plethora of new construction roles from glaziers to gas fitters and ventilation contractors to plumbers need to be created over the next seven years for the UK to be carbon-free by 2050. This is according to the Construction Industry Training Board, CITB, latest analysis Building Skills for Net Zero. The forecast is based on modelling the skills profile of the workforce required to deliver net-zero using climate change committee data. It estimates by 2028, additional decarbonisation work will have [...]
New sites for 25,000 homes around west London’s Old Oak Common HS2 station are being proposed following the collapse of negotiations over the Cargiant site. The Mayor’s Old Oak and Park Royal Development Corporation, OPDC, has submitted a revised draft local plan after a planning inspector told them in 2019 their housing estimates were too large. London’s mayor Sadiq Khan said: “I look forward to seeing this plan adopted and a healthy and inclusive new district emerge in this important [...]
